A property owner or developer who believes that its project is an eligible project may apply for the five year tax exemption and abatement program by filing with the Township Committee an application for such program on the form prescribed by the Director of the Division of Taxation, Department of Treasury, if any, copies of which will be available through the Township Clerk. Such application shall include, at a minimum, the following information:
(A) A general description of a project for which the exemption is sought.
(B) A legal description of all real estate necessary for the project.
(C) Plans, drawings and other documents to demonstrate the structure and design of the project. If site plan approval is necessary for the project, a copy of the full set of site plan drawings and architectural plans shall be submitted.
(D) A description of the number, classes and type of employees to be employed at the project site within two years of completion of the project.
(E) A statement of the reasons for seeking tax exemption on the project and a description of the benefits to be realized by the applicant and the Township if a tax exemption is granted.
(F) Estimates of the cost of completing the project, together with the expected method or plan of financing the improvements.
(G) A construction time schedule and projected implementation schedule.
(H) A statement showing the real property taxes currently being assessed at the project site; estimated payments in lieu of taxes that would be made annually by the applicant on the project during the period of the exemption; and estimated tax payments that would be made by the applicant on the project during the first full year following the termination of the exemption.
(I) A description of any lease agreement between the applicant and proposed users of the project and a history and description of the users’ businesses.
(J) A disclosure statement of the interests of all parties, including subsidiary companies, in the property project.
(K) The original signature of the applicant and, if the applicant is not the owner, the owner notarized, accompanied by a corporate resolution, if appropriate, authorizing the execution and delivery of application and the tax abatement agreement if approved.
(L) A Contribution Disclosure Statement (as defined in § 150.10 of the Township Code).
(M) Evidence that all real property taxes currently assessed against the property are paid in full
and that the Township holds no outstanding tax lien against the property.
(N) A description of other projects the applicant has completed in the Township and Camden County within the last five years.
(O) Such other pertinent information as the Township Committee may require on a case- by-case basis.
(P) In the event a construction permit is not issued within one year from the date the application is filed, the application shall be deemed null and void.
(Ord. 355-19, passed 10-28-19)