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Resolution of the Mayor and Council of Princeton Authorizing Tax Exemption for Municipality of Princeton Properties
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WHEREAS, N.J.S.A. 54:3.6 permits municipalities to grant real property tax exempt status to real property owned by municipal corporations; and
WHEREAS, the Municipality of Princeton recently acquired the following properties to add the Princeton open space inventory:
Bl-1001, Lt-1 Location-725 Herrontown Rd.
Bl-1001, Lt-14 Location-915 Mt. Lucas Rd.
Bl-1001, Lt-2 Q0008 Location-823 Herrontown Rd.
Bl-1001, Lt-1 Q0008 Location-725 Herrontown Rd.
Bl-102, Lt-10 Q0014 Location-680 Cherry Hill Rd.
Bl-102, Lt-11.01 Q0014 Location-660 Cherry Hill Rd.
WHEREAS, the Princeton Tax Assessor has determined that said properties are exempt from the payment of real property taxes pursuant to the above-referenced statute; and
WHEREAS, prior to the purchase of said properties by the Municipality of Princeton, the Princeton Tax Collector had issued tax bills for said properties; and
WHEREAS, the Princeton Tax Assessor wishes to designate said properties as real property tax exempt and the Princeton Tax Collector wishes to cancel the previously issued tax bills for said properties.
NOW, THEREFORE, BE IT RESOLVED, by the Mayor and Council of the Municipality of Princeton as follows:
1. The Princeton Tax Assessor is hereby authorized to designate the above-referenced properties as tax exempt.
2. The Princeton Tax Collector is hereby authorized to cancel the prior tax billings for said properties.
3. A certified true copy of this Resolution shall be furnished by the Municipal Clerk to the Princeton Tax Assessor and the Princeton Tax Collector upon its adoption.