File #: 12-0105    Version: Name: 12-0105 Stipulation of Settlement
Type: Resolution Status: Filed
File created: 1/13/2012 In control: Finance
On agenda: 4/18/2012 Final action: 5/2/2012
Title: Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Stipulation of Settlements for Tax Appeals List of Property: (Tax Payer/Address/Block/Lot/Ward/Assmnt./Year/Refund Amount) 12th Street Realty Associates/194-204 N 12th Street/1943.01/29/North/$1,900,000/2008 12th Street Realty Associates/194-204 N 12th Street/1943.01/29/North/$1,900,000/2009 17th Street Fidelco, LLC/571-585 18th Avenue/358/1/South/$665,800/2009 188-202 Pulaski Street, LLC/188-202 Pulaski Street/1125/8/East/$508,100/2010 188-202 Pulaski Street, LLC/188-202 Pulaski Street/1125/8/East/$508,100/2011 188-202 Pulaski Street, LLC/189-191 Clifford Street/1125/14/East/$143,900/2010 188-202 Pulaski Street, LLC/189-191 Clifford Street/1125/14/East/$143,900/2011 192-222 Clifford Street, LLC/198-202 Clifford Street/1126/47/East/$439,500/2010 192-222 Clifford Street, LLC/198-202 Clifford Street/1126/47/East/$439,500/2011 192-222 Clifford Street, LLC/216-222 Clifford Street/1126/3...
Title
Dept/ Agency: Finance
Action:  (   ) Ratifying     (X) Authorizing     (   ) Amending
Purpose: Stipulation of Settlements for Tax Appeals
List of Property:
(Tax Payer/Address/Block/Lot/Ward/Assmnt./Year/Refund Amount)
12th Street Realty Associates/194-204 N 12th Street/1943.01/29/North/$1,900,000/2008
12th Street Realty Associates/194-204 N 12th Street/1943.01/29/North/$1,900,000/2009
17th Street Fidelco, LLC/571-585 18th Avenue/358/1/South/$665,800/2009
188-202 Pulaski Street, LLC/188-202 Pulaski Street/1125/8/East/$508,100/2010
188-202 Pulaski Street, LLC/188-202 Pulaski Street/1125/8/East/$508,100/2011
188-202 Pulaski Street, LLC/189-191 Clifford Street/1125/14/East/$143,900/2010
188-202 Pulaski Street, LLC/189-191 Clifford Street/1125/14/East/$143,900/2011
192-222 Clifford Street, LLC/198-202 Clifford Street/1126/47/East/$439,500/2010
192-222 Clifford Street, LLC/198-202 Clifford Street/1126/47/East/$439,500/2011
192-222 Clifford Street, LLC/216-222 Clifford Street/1126/37/East/$273,400/2010
192-222 Clifford Street, LLC/216-222 Clifford Street/1126/37/East/$273,400/2011
192-222 Clifford Street, LLC/204-214 Clifford Street/1126/45/East/$612,000/2010
192-222 Clifford Street, LLC/204-214 Clifford Street/1126/45/East/$612,000/2011
192-222 Clifford Street, LLC/192-196 Clifford Street/1126/51/East/$486,100/2010
192-222 Clifford Street, LLC/192-196 Clifford Street/1126/51/East/$486,100/2011
378-392 Washington St. Car Wash, Inc./378-392 Washington Street/112/2/Central/$2,367,900/2009
378-392 Washington St. Car Wash, Inc./378-392 Washington Street/112/2/Central/$2,367,900/2010
400 Market St, LLC/398-400 Market Street/178/15/East/$2,604,000/2009
400 Market St, LLC/398-400 Market Street/178/15/East/$2,604,000/2010
400 Market St, LLC/398-400 Market Street/178/15/East/$2,604,000/2011
627-635 Market Street LLC/629-635 Market Street/2011/26/East/$1,632,000/2010
627-635 Market Street LLC/627 Market Street/2011/30/East/$198,000/2010
Arnaldo Batista Realty, LLC/334-338 Ferry Street/2013/78/East/$823,600/2009
Arnaldo Batista Realty, LLC/334-338 Ferry Street/2013/78/East/$823,600/2010
Arnaldo Batista Realty, LLC/334-338 Ferry Street/2013/78/East/$823,600/2011
Bella Realty Co, LLC/439-451 Frelinghuysen Avenue/3542/12/South/$1,000,000/2010
Bella Realty Co, LLC/439-451 Frelinghuysen Avenue/3542/12/South/$1,000,000/2011
Bella Realty Co, LLC/429-433 Frelinghuysen Avenue/3542/8/South/$850,000/2010
Bella Realty Co, LLC/429-433 Frelinghuysen Avenue/3542/8/South/$850,000/2011
Bella Realty Co, LLC/435-437 Frelinghuysen Avenue/3542/10/South/$256,200/2010
Bella Realty Co, LLC/435-437 Frelinghuysen Avenue/3542/10/South/$256,200/2011
Black, Richard/268-272 Central Avenue/398/1/Central/$465,900/2008
Black, Richard/268-272 Central Avenue/398/1/Central/$465,900/2009
Black, Richard/268-272 Central Avenue/398/1/Central/$465,900/2010
Black, Richard/268-272 Central Avenue/398/1/Central/$465,900/2011
Brantley Brothers Moving/162-176 Elizabeth Avenue/2769/1/South/$1,700,000/2011
Chapel Street Partners/99-129 Chapel Street/2442/10/East/$1,704,200/2008
Chapel Street Partners/99-129 Chapel Street/2442/10/East/$1,704,200/2009
Chapel Street Partners/99-129 Chapel Street/2442/10/East/$1,704,200/2010
Chapel Street Partners/99-129 Chapel Street/2442/10/East/$1,704,200/2011
Chapel Street Partners/99-129 Chapel Street/2442/11/East/$306,900/2008
Chapel Street Partners/99-129 Chapel Street/2442/11/East/$306,900/2009
Chapel Street Partners/99-129 Chapel Street/2442/11/East/$306,900/2010
Chapel Street Partners/99-129 Chapel Street/2442/11/East/$306,900/2011
Chapel Street Partners/99-129 Chapel Street/2442/12/East/$471,100/2008
Chapel Street Partners/99-129 Chapel Street/2442/12/East/$471,100/2009
Chapel Street Partners/99-129 Chapel Street/2442/12/East/$471,100/2010
Chapel Street Partners/99-129 Chapel Street/2442/12/East/$471,100/2011
Davanne Realty Co.(Mandlebaum)/9-15 Legal Street/3511/42/South/$205,700/2011
The Devereux Foundation/387 Ridge Street/608/50/North/$239,500/2009
The Devereux Foundation/387 Ridge Street/608/50/North/$239,500/2010
The Devereux Foundation/387 Ridge Street/608/50/North/$239,500/2011
DFC Polishing Metals, LLC/245-249 Verona Avenue/849/39/North/$508,500/2009
DFC Polishing Metals, LLC/245-249 Verona Avenue/849/39/North/$508,500/2010
DFC Polishing Metals, LLC/245-249 Verona Avenue/849/39/North/$508,500/2011
Graifman, Seymour/55-71 Riverside Avenue Rear/614/70/North/$283,600/2008
Graifman, Seymour/55-71 Riverside Avenue Rear/614/70/North/$283,600/2009
Graifman, Seymour/55-71 Riverside Avenue Rear/614/70/North/$283,600/2010
Graifman, Seymour/55-71 Riverside Avenue Rear/614/70/North/$283,600/2011
Katz, Joel/847-983 Doremus Avenue Rear/5082/74/East/$417,500/2009
Katz, Joel/847-983 Doremus Avenue Rear/5082/74/East/$417,500/2010
Matos, A., A.R. Matos & Paulo Matos/358-366 Thomas Street/1147.01/25.01/East/$409,500/2010
Matos, A., A.R. Matos & Paulo Matos/358-366 Thomas Street/1147.01/25.01/East/$409,500/2011
Matos, A., A.R. Matos & Paulo Matos/368-370 Thomas Street/1147.01/25.02/East/$290,500/2010
Matos, A., A.R. Matos & Paulo Matos/368-370 Thomas Street/1147.01/25.02/East/$290,500/2011
McCarter Highway Holdings, Inc./1299-1345 McCarter Highway/444/1/Central/$1,200,000/2009
McCarter Highway Holdings, Inc./1299-1345 McCarter Highway/444/1/Central/$1,888,300/2010
MLK Newark 2007, LLC/92-94 Quitman Street/2560/70/Central/$625,000/2009
MLK Newark 2007, LLC/92-94 Quitman Street/2560/70/Central/$625,000/2010
MLK Newark 2007, LLC/92-94 Quitman Street/2560/70/Central/$625,000/2011
Musibay Family Trust/571-577 Broad Street/22/26/Central/$875,000/2009
Musibay Family Trust/571-577 Broad Street/22/26/Central/$875,000/2010
Musibay Family Trust/571-577 Broad Street/22/26/Central/$875,000/2011
Musibay Family Trust/569 Broad Street/22/25/Central/$425,000/2009
Musibay Family Trust/569 Broad Street/22/25/Central/$425,000/2010
Musibay Family Trust/569 Broad Street/22/25/Central/$425,000/2011
New Madison & Monroe Props./100 Monroe Street/1987/14/East/$364,300/2010
Port Street Redevelopment Corp./73-99 Olympia Drive/5084/114/East/$3,984,700/2010
Port Street Redevelopment Corp./73-99 Olympia Drive/5084/114/East/$3,984,700/2011
Prem V. Parmar et al./49-55 Empire Street/3537/20/South/$424,800/2011
Premier Properties, LLC/17-25 Academy Street/53/4/Central/$7,000,000/2009
Premier Properties, LLC/17-25 Academy Street/53/4/Central/$7,000,000/2010
Ramos, S. & Santos, V./135 Tichenor Street/926/41/East/$661,800/2008
Rauch, Charles W. a/k/a 50-58 Jersey St. LLC/50-58 Jersey Street/170/20/East/$1,664,000/2009
Rauch, Charles W. a/k/a 50-58 Jersey St. LLC/50-58 Jersey Street/170/20/East/$1,664,000/2010
Rauch, Charles W. a/k/a 50-58 Jersey St. LLC/50-58 Jersey Street/170/20/East/$1,664,000/2011
Rauch, Charles W. a/k/a 50-58 Jersey St. LLC/937-941 Raymond Boulevard /170/1/East/$636,600/2009
Rauch, Charles W. a/k/a 50-58 Jersey St. LLC/937-941 Raymond Boulevard/170/1/East/$636,600/2010
Rauch, Charles W. a/k/a 50-58 Jersey St. LLC/937-941 Raymond Boulevard/170/1/East/$636,600/2011
RE Holding, LLC/470-472 Avon Avenue/2644/1/South/$384,100/2008
RE Holding, LLC/470-472 Avon Avenue/2644/1/South/$384,100/2009
Renwick Warehouse, LLC/194-204 N. 12th Street/1943.01/29/North/$1,900,000/2010
Renwick Warehouse, LLC/194-204 N. 12th Street/1943.01/29/North/$1,900,000/2011
Romero, Luis & Francisca/456-466 Third Avenue/1943/1/North/$400,000/2009
Romero, Luis & Francisca/456-466 Third Avenue/1943/1/North/$400,000/2010
Romero, Luis & Francisca/456-466 Third Avenue/1943/1/North/$400,000/2011
Skim, Inc./552-556 Bloomfield Avenue/653/5/North/$326,700/2008
Skim, Inc./552-556 Bloomfield Avenue/653/5/North/$326,700/2009
Skim, Inc./552-556 Bloomfield Avenue/653/5/North/$326,700/2010
Skim, Inc./552-556 Bloomfield Avenue/653/5/North/$326,700/2011
South P.W., LLC/275-315 South Street/1145/1/East/$1,550,000/2010
South P.W., LLC/275-315 South Street/1145/1/East/$1,550,000/2011
South P.W., LLC/317-329 South Street/1145/15/East/$788,400/2010
South P.W., LLC/317-329 South Street/1145/15/East/$788,400/2011
Spartan Management Group, Inc./616 18th Avenue/351/34/Central/$354,600/2009
Spartan Management Group, Inc./616 18th Avenue/351/34/Central/$354,600/2010
Spartan Management Group, Inc./616 18th Avenue/351/34/Central/$354,600/2011
Sprint Recyc./150 St. Charles Props., LLC/154-164 St. Charles Street/5030/92.01/East/$6,100,000/2009
Sprint Recyc./150 St. Charles Props., LLC/154-164 St. Charles Street/5030/92.01/East/$6,100,000/2010
Sprint Recyc./150 St. Charles Props., LLC/154-164 St. Charles Street/5030/92.01/East/$6,100,000/2011
SRIZ, LLC/548-550 Bloomfield Avenue/653/8/North/$269,800/2008
SRIZ, LLC/548-550 Bloomfield Avenue/653/8/North/$269,800/2009
SRIZ, LLC/548-550 Bloomfield Avenue/653/8/North/$269,800/2010
SRIZ, LLC/548-550 Bloomfield Avenue/653/8/North/$269,800/2011
Sherwin Williams Co./36-42 Lister Avenue/2437/51/East/$1,049,700/2010
Sherwin Williams Co./52-60 Lister Avenue/2437/62/East/$1,355,000/2010
Sherwin Williams Co./54 Lister Avenue/2437/1/East/$180,300/2010
Sherwin Williams Co./52-58 Lister Avenue/2437/3/East/$133,200/2010
Sherwin Williams Co./44 Lister Avenue/2437/8/East/$561,300/2010
Sherwin Williams Co./46-50 Lister Avenue/2437/9/East/$131,100/2010 Sherwin Williams Co./46-50 Lister Avenue/2437/9/East/$131,100/2010   Sherwin Williams Co./46-50 Lister Avenue/2437/9/East/$131,100/2010  
Sherwin Williams Co./60-84 Lister Avenue/2438/1/East/$684,000/2010
Sherwin Williams Co./78-84 Lister Avenue/2438/2/East/$21,600/2010
Sherwin Williams Co./60-84 Lister Avenue/2438/3/East/$65,400/2010
Tilden Enterprises, LLC/862-864 Summer Avenue/842/31/North/$290,000/2009
Tilden Enterprises, LLC/862-864 Summer Avenue/842/31/North/$290,000/2010
Tilden Enterprises, LLC/862-864 Summer Avenue/842/31/North/$290,000/2011
    
Additional Information:  
 
Invitation: Corporation Counsel, April 17, 2012
Deferred 7R5-a 041812
body
 
WHEREAS, there are now pending before the Tax Court of New Jersey direct appeals challenging real property assessments and actions to review judgments of the Essex County Board of Taxation with regard to properties listed on the attached Schedule A; and
 
WHEREAS, after a review of the appraisals of both the City and the taxpayer and an analysis of prior County Board and Tax Court actions as they affect these properties, and after careful consideration of these facts it is the opinion of the Tax Assessor and the Corporation Counsel that these settlements are in the best interests of the City of Newark.  
 
    NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
 
1.      The Corporation Counsel of the City of Newark be and is hereby authorized to execute a Stipulation of Settlement with regard to certain properties as set forth in Schedule A after receipt of all documents deemed appropriate.
 
2.      The City Clerk shall serve a copy of this resolution upon the Tax Assessor, Corporation Counsel and the Department of Finance.
 
STATEMENT: This resolution authorizes the execution of a Stipulation of Settlement with regard to Tax Appeals on properties set forth in Schedule A.