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Bayonne Council adopts PILOT agreements
They will be reviewed by advisers to ensure their success ×
The Bayonne City Council has approved a number of payments-in-lieu-of-taxes (PILOT) agreements with multiple developers.
At the meeting last month, City Council President Sharon Ashe-Nadrowski said that the city has a new policy of reviewing financial agreements with financial advisers to ensure the agreements benefit the city.
East 23rd Street
The council adopted an amendment to the PILOT agreement between the city and Parkview Realty Urban Renewal LLC for 101 East 23rd Street. Parkview is constructing a 180-unit residential building that will be part of the Avenue G transit village.
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The amended Silk Lofts redevelopment plan was once again tabled by the Bayonne City Council.
At the Dec. 16 meeting, the council tabled the ordinance for a second time to give Second Ward Councilman Sal Gullace a chance to comment since the plan is in his ward. Gullace was not present at the virtual meeting.
Gullace in recovery
According to City Council President Sharon Ashe-Nadrowski, Gullace was undergoing another surgery on his leg and could not attend the Dec. 16 meeting. He was injured in a workplace accident involving an industrial waste removal truck in July.
After 42 days in the hospital, multiple surgeries, and physical therapy, Gullace had suffered a setback that required another surgery, according to Ashe-Nadrowski.