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Princeton Council approves 30-year PILOT financial ageement with AvalonBay for Thanet property -


The 15-acre Thanet property. File photo.
The Princeton Council voted unanimously on Monday night to approve an ordinance authorizing a payment in lieu of taxes financial agreement with apartment developer AvalonBay for a new 220-apartment complex that will be build at Thanet Circle. The development will include 11 affordable apartment units.
AvalonBay entered into a contract to puchase 100 and 101 Thanet, a former 110,000-square-foot office site, in 2019. AvalonBay will subdivide a 2.5-acre parcel at the 15-acre site and give it to Princeton for an age-restricted affordable housing development.
Under the PILOT agreement, AvalonBay will be exempt from paying taxes for the land and the improvements for 30 years. AvalonBay will instead pay the town an “annual service charge” or payment in lieu of taxes. In New Jersey, PILOT payments go into municipal coffers, with five percent going to the county, and no funding going to the school district. The municipality can cho ....

New Jersey , United States , Princeton Council , Witherspoon Street , புதியது ஜெர்சி , ஒன்றுபட்டது மாநிலங்களில் , ப்ரிந்ஸ்டந் சபை , விதர்‌ஸ்பூந் தெரு ,

Princeton Council approves 30-year PILOT financial agreement with AvalonBay for Thanet property -


The 15-acre Thanet property. File photo.
The Princeton Council voted unanimously on Monday night to approve an ordinance authorizing a payment in lieu of taxes financial agreement with apartment developer AvalonBay for a new 220-apartment complex that will be build at Thanet Circle. The development will include 11 affordable apartment units.
AvalonBay entered into a contract to puchase 100 and 101 Thanet, a former 110,000-square-foot office site, in 2019. AvalonBay will subdivide a 2.5-acre parcel at the 15-acre site and give it to Princeton for an age-restricted affordable housing development.
Under the PILOT agreement, AvalonBay will be exempt from paying taxes for the land and the improvements for 30 years. AvalonBay will instead pay the town an “annual service charge” or payment in lieu of taxes. In New Jersey, PILOT payments go into municipal coffers, with five percent going to the county, and no funding going to the school district. The municipality can cho ....

New Jersey , United States , Princeton Council , Witherspoon Street , புதியது ஜெர்சி , ஒன்றுபட்டது மாநிலங்களில் , ப்ரிந்ஸ்டந் சபை , விதர்‌ஸ்பூந் தெரு ,

Witherspoon Street design meeting set for May 18 -


The municipality of Princeton will host an online neighborhood meeting from 6 to 8 p.m. on May 18 to discuss the design of Witherspoon Street from Paul Robeson Place to Valley Road.
“In 2020, we began a community discussion about Witherspoon Street, focusing on the downtown area between Nassau Street and Paul Robeson. This May 2021 design meeting is intended to continue the community discussion about Witherspoon Street from Paul Robeson to Valley Road,” reads the announcement about the meeting from municipal engineer Deanna Stockton. “We are seeking your ideas and feedback for pedestrian, bicyclist, transit and motor vehicle improvements; street lighting; tree and other vegetation additions; public art; seating and other street furniture; and any other features that will enhance the vibrancy of the corridor.”. ....

Paul Robeson , Deanna Stockton , Princeton Engineering Department , Tm Associates , Witherspoon Street , Paul Robeson Place , Nassau Street , Valley Road , பால் ராப்சன் , டீன்னா ஸ்டாக்‌டந் , ப்ரிந்ஸ்டந் பொறியியல் துறை , ம் கூட்டாளிகள் , விதர்‌ஸ்பூந் தெரு , பால் ராப்சன் இடம் , ந்யாஸ்யாய தெரு , பள்ளத்தாக்கு சாலை ,

Princeton police blotter - centraljersey.com


Princeton police blotter
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A Jefferson Road resident was scammed out of $2,950 in an online scheme in which she emailed back and forth with someone who she believed was her best friend, according to police reports. The victim mailed various gift cards to the scammer via email at the scammer’s request, until she realized the person was not her friend. The incident was reported April 11.
Cash and other items were stolen from several unlocked cars that had been parked in their owners’ driveway or open garages on Nassau Street, Mercer Street and Parkside Drive between April 10 and 11.
A Panasonic brand electric bicycle belonging to a Bunn Drive resident was reported stolen from a parking garage near the victim’s apartment complex. The bicycle was recovered by the Westampton Police Department. The incident was reported April 7. ....

New York , United States , Westampton Police Department , New York Times , Jefferson Road , Nassau Street , Mercer Street , Parkside Drive , Bunn Drive , Westampton Police , Redding Circle , Google Play , North Harrison , Hamilton Avenue , Witherspoon Street , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , வெஸ்டாம்ப்டன் போலீஸ் துறை , புதியது யார்க் முறை , ஜெஃபர்சன் சாலை , ந்யாஸ்யாய தெரு , மர்ஸர் தெரு , பூங்கா இயக்கி , பன் இயக்கி , வெஸ்டாம்ப்டன் போலீஸ் , சிவத்தல் வட்டம் ,