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Council introduces PILOT deal for Becker Farm property with $1.25 million community benefit
Borough of Roseland Council · November 25, 2025
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Summary
The council introduced Ordinance 46-2025 to authorize a long-term tax-exempt financial agreement for 7 Becker Farm Road that includes a negotiated $1.25 million community benefit payment and a tiered payment-in-lieu schedule; the ordinance was set for a Dec. 16 public hearing.
The Roseland Borough Council introduced Ordinance 46-2025, authorizing a long-term tax-exempt exemption and financial agreement for the property at 7 Becker Farm Road (block 30.01 lot 13).
During the introduction Mr. Watkins explained the negotiated payment-in-lieu-of-taxes schedule: in years…
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