The Passaic City Council has introduced an ordinance to grant a 30-year tax abatement to the owner of newly redeveloped People’s Bank building on Main Avenue, but the city is refusing to disclose the terms of the financial agreement until after the ordinance has been adopted.
Source: NorthJersey:Passaic News

http://www.northjersey.com/news/passaic-council-won-t-disclose-terms-of-developer-s-tax-abatement-deal-1.1650399

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