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Dave Mayer and Council Approved a PILOT — Taxpayers Could Face Up to $16 Million in School Costs

Gloucester Township recently approved a settlement agreement with developer Jonathan Rubin of Modani Properties, Lakewood, NJ, allowing construction of 204 townhouse units at a density of 9.54 units per acre. The agreement includes a Payment In Lieu of Taxes (PILOT), meaning the developer will make discounted payments directly to the township instead of paying traditional…