File #: 17-0515    Version: Name: Stipulation of Settlement for Tax Appeals
Type: Resolution Status: Adopted
File created: 3/27/2017 In control: Finance
On agenda: 5/23/2017 Final action: 5/23/2017
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) SPS CO. ETC/71 Columbia Street/872/19(merged into Lot 44 in 2016)/Central/$37,200/2012/$0 SPS Realty Associates/73 Columbia Street/872/20(merged into Lot 44 in 2016)/Central/$122,500/2012/$0 Skinder-Strauss Association by 238 Mulberry St., LLC/240-242 Mulberry Street/872/42(merged into Lot 44 in 2016)/Central/$308,000/2012/-$10,373.26 Skinder-Strauss Association by 238 Mulberry St., LLC/234-242 Mulberry Street/872/44/Central/$722,800/2012/ -$20,228.27 D. Lago, J. Cambiero, R. Romero/103 Cutler Street/488/73/Central/$203,000/2012/$0 D. Lago, J. Cambiero, R. Romero/103 Cutler Street/488/73/Central/$246,000/2013/$0 D. Lago, J. Cambiero, R. Romero/103 Cutler Street/488/73/Central/$246,000/2014/$0 D. Lago, J. Cambiero, R. Romero/103 Cutler Street/488/73/Central/...
Sponsors: Council of the Whole

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)

SPS CO. ETC/71 Columbia Street/872/19(merged into Lot 44 in 2016)/Central/$37,200/2012/$0  

SPS Realty Associates/73 Columbia Street/872/20(merged into Lot 44 in 2016)/Central/$122,500/2012/$0  

Skinder-Strauss Association by 238 Mulberry St., LLC/240-242 Mulberry Street/872/42(merged into Lot 44 in 2016)/Central/$308,000/2012/-$10,373.26

Skinder-Strauss Association by 238 Mulberry St., LLC/234-242 Mulberry Street/872/44/Central/$722,800/2012/

-$20,228.27

D. Lago, J. Cambiero, R. Romero/103 Cutler Street/488/73/Central/$203,000/2012/$0  

D. Lago, J. Cambiero, R. Romero/103 Cutler Street/488/73/Central/$246,000/2013/$0  

D. Lago, J. Cambiero, R. Romero/103 Cutler Street/488/73/Central/$246,000/2014/$0  

D. Lago, J. Cambiero, R. Romero/103 Cutler Street/488/73/Central/$210,000/2015/-$1,204.48

D. Lago, J. Cambiero, R. Romero/103 Cutler Street/488/73/Central/$210,000/2016/-$1,252.16

D. Lago, J. Cambiero, R. Romero/105 Cutler Street/488/74/Central/$214,700/2012/-$0

D. Lago, J. Cambiero, R. Romero/105 Cutler Street/488/74/Central/$290,800/2013/-$0

D. Lago, J. Cambiero, R. Romero/105 Cutler Street/488/74/Central/$290,800/2014/-$0

D. Lago, J. Cambiero, R. Romero/105 Cutler Street/488/74/Central/$290,800/2015/-$0

D. Lago, J. Cambiero, R. Romero/105 Cutler Street/488/74/Central/$290,800/2016/-$0

468-470 Roseville Associates, LLC/468-470 Roseville Avenue/1966/22/North/$468,800/2015/-$5,929.73

468-470 Roseville Associates, LLC/468-470 Roseville Avenue/1966/22/North/$398,300/2016/-$8,572.48

468-470 Roseville Associates, LLC/468-470 Roseville Avenue/1966/22/North/$375,000/2017/-$9,418.72

Luis & Nely Rodriguez/520-524 Broadway/679/59(60,61)/North/$300,900/2012/$0  

Luis & Nely Rodriguez/520-524 Broadway/679/59(60,61)/North/$350,000/2013/-$2,944.14

Luis & Nely Rodriguez/520-524 Broadway/679/59(60,61)/North/$350,000/2014/-$3,091.70

Luis & Nely Rodriguez/520-524 Broadway/679/59(60,61)/North/$350,000/2015/-$3,299.07

Luis & Nely Rodriguez/520-524 Broadway/679/59(60,61)/North/$350,000/2016/-$3,429.68

Luis & Nely Rodriguez/520-524 Broadway/679/59(60,61)/North/$350,000/2017/-$3,429.68

99 Evergreen, LLC/856-882 Frelinghuysen Avenue/3775/10/South/$7,215,800/2013/$0  

99 Evergreen, LLC/856-882 Frelinghuysen Avenue/3775/10/South/$6,750,000/2014/-$14,444.46

99 Evergreen, LLC/856-882 Frelinghuysen Avenue/3775/10/South/$6,750,000/2015/-$16,023.52

H&P Sterling Management/268 Washington Street/60/4/Central/$400,000/2016/-$2,752  

H&P Sterling Management/268 Washington Street/60/4/Central/$400,000/2017(F)/-$2,752  

JAS Thirty Mott Street Holding, LLC/30 Mott Street/2020/44/East/$187,400/2012/-$2,761.60

JAS Homes, Inc. /23-25- Mott Street/2017/65/East/$384,200/2012/-$3,101.00

JAS Homes, Inc. /23-25- Mott Street/2017/65/East/$550,000/2013/-$4,098.76

JAS Homes, Inc. /23-25- Mott Street/2017/65/East/$550,000/2014/-$4,304.19

JAS Lexington Street, LLC/17 Lexington Street/2020/14.01/East/$90,000/2012/-$2,378.43

JAS Lexington Street, LLC/19 Lexington Street/2020/14.02/East/$90,000/2012/-$1,104.64

JAS Lexington Street, LLC/19 Lexington Street/2020/14.02/East/$125,000/2013/-$593.55

JAS Lexington Street, LLC/19 Lexington Street/2020/14.02/East/$125,000/2014/-$623.30

JAS Lexington Street, LLC/21 Lexington Street/2020/14.03/East/$90,000/2012/-$904.42

JAS Lexington Street, LLC/21 Lexington Street/2020/14.03/East/$125,000/2013/-$593.55

JAS Lexington Street, LLC/21 Lexington Street/2020/14.03/East/$125,000/2014/-$623.20

JAS Lexington Street, LLC/23 Lexington Street/2020/14.04/East/$90,000/2012/-$904.42

JAS Lexington Street, LLC/23 Lexington Street/2020/14.04/East/$125,000/2013/-$593.55

JAS Lexington Street, LLC/23 Lexington Street/2020/14.04/East/$125,000/2014/-$623.20

Elizabeth of Newark/462-466 Chancellor Avenue/3739.01/49/South/$980,000/2013/-$10,926.10

Elizabeth of Newark/462-466 Chancellor Avenue/3739.01/49/South/$980,000/2014/-$4,536.76

Elizabeth of Newark/462-466 Chancellor Avenue/3739.01/49/South/$900,000/2015/-$7,488.27

Elizabeth of Newark/462-466 Chancellor Avenue/3739.01/49/South/$900,000/2016/-$7,784.72

661-663 Mt. Prospect/661-663 Mt. Prospect Avenue/736/38/North/$225,000/2012/-$1,612.08                                          

661-663 Mt. Prospect/661-663 Mt. Prospect Avenue/736/38/North/$300,000/2013/-$779.59

661-663 Mt. Prospect/661-663 Mt. Prospect Avenue/736/38/North/$300,000/2014/-$818.66

661-663 Mt. Prospect/661-663 Mt. Prospect Avenue/736/38/North/$300,000/2015/-$873.58

661-663 Mt. Prospect/661-663 Mt. Prospect Avenue/736/38/North/$300,000/2016/-$9,081.60

Hirschberg & Hammer/253 Roseville Avenue/1929/69/Central/$171,300/2013/$0                                             

Hirschberg & Hammer/253 Roseville Avenue/1929/69/Central/$171,300/2014/$0  

Hirschberg & Hammer/253 Roseville Avenue/1929/69/Central/$171,300/2015/$0  

Hirschberg & Hammer/253 Roseville Avenue/1929/69/Central/$171,300/2016/$0  

Sumo Property Management, LLC/32-38 Fenwick Street/3511/26/South/$585,900/2012/$0  

Sumo Property Management, LLC/40-58 Fenwick Street/3511/30/South/$457,800/2012/$0  

Sumo Property Management, LLC/37-47 Legal Street/3511/36/South/$2,168,900/2012/-$6,904.00  

Mubarak & Sons, Inc. /1-3 Merchant Street/1993/1/East/$538,000/2012/-$415.62

Mubarak & Sons, Inc. /37 Clover Street/1993/58/East/$42,000/2012/$0  

Mubarak & Sons, Inc. /35 Clover Street/1993/57/East/$108,100/2012/$0  

Mubarak & Sons, Inc. /33 Clover Street/1993/52/East/$144,600/2012/$0  

Manuel Lojo/20-26 Elizabeth Place/3546/70/South$675,000/2013/-$3,133.13

Manuel Lojo/20-26 Elizabeth Place/3546/70/South$675,000/2014/-$3,290.16

151 Parker Street LLC/151-153 Parker Street/508/52(51)/North/$500,000/2013/-$6,532.04

151 Parker Street LLC/151-153 Parker Street/508/52(51)/North/$500,000/2014/-$6,809.41

GD & K LTD Realty, Lessee Walgreens/53-61 Ferry Street/185/115/East/$4,000,000/2013/-$25,115.27

GD & K LTD Realty, Lessee Walgreens/53-61 Ferry Street/185/115/East/$4,000,000/2014/-$26,374.01

GD & K LTD Realty, Lessee Walgreens/53-61 Ferry Street/185/115/East/$4,000,000/2015/-$28,143.05

GD & K LTD Realty, Lessee Walgreens/53-61 Ferry Street/185/115/East/$4,000,000/2016/-$29,257.20

GD & K LTD Realty, Lessee Walgreens/49 Ferry Street/185/87/East/$175,200/2013/$0  

GD & K LTD Realty, Lessee Walgreens/49 Ferry Street/185/87/East/$175,200/2014/$0  

GD & K LTD Realty, Lessee Walgreens/49 Ferry Street/185/87/East/$175,200/2015/$0  

GD & K LTD Realty, Lessee Walgreens/49 Ferry Street/185/87/East/$175,200/2016/$0  

GD & K LTD Realty, Lessee Walgreens/51 Ferry Street/185/88/East/$144,700/2013/$0  

GD & K LTD Realty, Lessee Walgreens/51 Ferry Street/185/88/East/$144,700/2014/$0  

GD & K LTD Realty, Lessee Walgreens/51 Ferry Street/185/88/East/$144,700/2015/$0  

GD & K LTD Realty, Lessee Walgreens/51 Ferry Street/185/88/East/$144,700/2016/$0  

C & A Wright, Inc./682-684 Clinton Avenue/3039/40/South/$225,000/2013/-$2,034.62                     

PBJ Realty Company, LLC/17-35 Austin Street/901/1/East/$839,118/2011/-$4,538.79

PBJ Realty Company, LLC/17-35 Austin Street/901/1/East/$839,118/2012/-$4,690.65

Kein Teixeira, LLC/671 Hunterdon Street/2688/16/South/$230,000/2011/-$1,394.43

James Jermaine/3-5 Longworth Street/122/34.02/$358,000/2011/-$2,446.08

Mario Zorilla & Rafael Mesa/266 Mt. Pleasant Avenue/444/25-01/Central/$376,000/2010/-$2,072.36

Mario Zorilla & Rafael Mesa/266 Mt. Pleasant Avenue/444/25-01/Central/$376,000/2011/-$2,169.86

Mario Zorilla & Rafael Mesa/266 Mt. Pleasant Avenue/444/25-01/Central/$376,000/2012/-$1,925.36

Paul Romagnino/89 Sumo Village Court/1183-01/11-46/$298,700/2011/-$3,328.00  

Dao Enterprises, LLC/392-400 7th Avenue West/1906/38/West/$325,000/2009/-$2,328.15

Dao Enterprises, LLC/392-400 7th Avenue West/1906/38/West/$325,000/2010/-$2,703.00

Dao Enterprises, LLC/392-400 7th Avenue West/1906/38/West/$325,000/2011/-$2,828.80

Dao Enterprises, LLC/392-400 7th Avenue West/1906/38/West/$325,000/2012/-$2,934.20

Carole Graifman/55-71 Riverside Avenue R/614/70/North/$150,000/2012/-$1,726.00  

Carole Graifman/55-71 Riverside Avenue R/614/70/North/$200,000/2013/$5,669.76

Carole Graifman/55-71 Riverside Avenue R/614/70/North/$200,000/2014/$5,953.92

West Market Urban Renewal/334-350 W. Market Street/1834/1.01/West/$1,300,000/2010/-$12,630.95

West Market Urban Renewal/334-350 W. Market Street/1834/1.01/West/$1,300,000/2011/-$13,218.82

West Market Urban Renewal/334-350 W. Market Street/1834/1.01/West/$1,250,000/2012/-$6,009.93

AJ Carrol Realty Co Inc/120-132 16th Avenue/302/4/Central/$350,000/2012/-$5,178.00

AJ Carrol Realty Co Inc/120-132 16th Avenue/302/4/Central/$450,000/2013/-$4,163.00

AJ Carrol Realty Co Inc/120-132 16th Avenue/302/4/Central/$450,000/2014/-$4,371.41

Kobymay-Newark, LLC/361-397 Bergen Street/2601/7.03/Central/$4,665,000/2013/-$4,252.32

Kobymay-Newark, LLC/361-397 Bergen Street/2601/7.03/Central/$4,350,000/2014/-$15,644.44

Kobymay-Newark, LLC/361-397 Bergen Street/2601/7.03/Central/$4,350,000/2015/-$16,690.60

Operating Engineers Local 825/1098-1124 McCarter Highway/5/14/Central/$742,500/2012/-$18,730.55

Operating Engineers Local 825/1098-1124 McCarter Highway/5/14/Central/$1,017,800/2013/$0  

Operating Engineers Local 825/1098-1124 McCarter Highway/5/14/Central/$905,000/2014/-$3,497.93

544-546 Bloomfield Avenue/546 Bloomfield Avenue/653/10/North/$506,000/2014/-$9,823.97

544-546 Bloomfield Avenue/546 Bloomfield Avenue/653/10/North/$506,000/2015/-$9,355.10

544-546 Bloomfield Avenue/486 N. 12th Street/653/12/North/$170,000/2014/-$3,101.00  

544-546 Bloomfield Avenue/486 N. 12th Street/653/12/North/$170,000/2015/-$3,639.90

Y.V.I., Corp., Lessee Walgreens Co/561-579 Irvington Avenue/4274/5/West/$4,100,000/2013/-$3,490.45

Y.V.I., Corp., Lessee Walgreens Co/561-579 Irvington Avenue/4274/5/West/$3,900,000/2014/-$9,867.38

Y.V.I., Corp., Lessee Walgreens Co/561-579 Irvington Avenue/4274/5/West/$3,900,000/2015/-$10,529.24

Y.V.I., Corp., Lessee Walgreens Co/561-579 Irvington Avenue/4274/5/West/$3,900,000   /2016/-$10,818.80

Muslbay Family Holding, LLC/571-577 Broad Street/22/26/Central/1,176,500/2014/$0  

Muslbay Family Holding, LLC/571-577 Broad Street/22/26/Central/1,120,200/2015/-$1,862.97

Muslbay Family Holding, LLC/571-577 Broad Street/22/26/Central/1,120,200/2016/-$1,936.72

Muslbay Family Holding, LLC/569 Broad Street/22/25/Central/$629,800/2014/$0  

Muslbay Family Holding, LLC/569 Broad Street/22/25/Central/$579,800/2015/-$3,639.90

Muslbay Family Holding, LLC/569 Broad Street/22/25/Central/$579,800/2016/-$3,784.00   

91 West End Avenue, LLC/89-91 West End Avenue/4052/45/West/$50,000/2012/-$1,366.99

91 West End Avenue, LLC/89-91 West End Avenue/4052/45/West/$50,000/2013/-$1,122.14

422 Summer Associates, LLC/422 Summer Avenue/625/2/North/$109,000/2011/-$565.76

422 Summer Associates, LLC/422 Summer Avenue/625/2/North/$109,000/2012/-$586.84

West Gramercy Associates/756-762 Broad Street/146/11/Central/$1,773,100/2012/-$14,736.59

Vineland Construction Co/67-85 Doremus Avenue/5010/32/East/$1,400,000/2012/$0  

Vineland Construction Co/67-85 Doremus Avenue/5010/32/East/$2,123,000/2013/$0  

Vineland Construction Co/67-85 Doremus Avenue/5010/32/East/$2,123,000/2014/$0  

Vineland Construction Co/67-85 Doremus Avenue/5010/32/East/$2,123,000/2015/$0  

Vineland Construction Co/67-85 Doremus Avenue/5010/32/East/$2,123,000/2016/$0  

Manuel Abadin/10-12 Malvern Street/948/56/East/$102,000/2012/-$63.17

Manuel Abadin/206-208 Malvern Street/1128/36/ East/$489,800/2012/-$3,162.03

Manuel Abadin/100 Albert Avenue/2422/27/ East/$125,000/2012/-$2,599.36

Manuel Abadin/96-98 Albert Avenue/2422/28/ East/$100,000/2012/-$1,584.47

44718 Capital, LLC/447 S. 18th Street/322/29/West/$275,000/2012/-$3,452  

539 Roseville, LLC/539 Roseville Avenue/594/42/North/$185,500/2012/-$1,277.24

New Lima Realty, LLC/47 Malvern Street/949/43/East/$391,200/2012/-$2,830.64

752 Mt. Prospect Management, LLC/752-756 Mt. Prospect Avenue/779/50(51)

/North/$900,000/2013/-$1,600.53

752 Mt. Prospect Management, LLC/752-756 Mt. Prospect Avenue/779/50(51)/North/900,000/2014/-$1,680.74

752 Mt. Prospect Management, LLC/752-756 Mt. Prospect Avenue/779/50(51)/North/$900,000/2015/-$1,793.48

752 Mt. Prospect Management, LLC/752-756 Mt. Prospect Avenue/779/50(51)/North/$900,000/2016/-$1,864.48

Jabez Realty Investment/35-53 Jabez Street/1000/47.01/East/$605,500/2012/-$3,452  

Jabez Realty Investment/35-53 Jabez Street/1000/47.01/East/$972,900/2013/-$22,513.67

Jabez Realty Investment/35-53 Jabez Street/1000/47.01/East/$950,000/2014/$0                        

Jabez Realty Investment/35-53 Jabez Street/1000/47.01/East/$950,000/2015/$0  

Jabez Realty Investment/1-23 Jabez Street/1000/29/East/$527,100/2013/$0  

Jabez Realty Investment/1-23 Jabez Street/1000/29/East/$527,100/2014/$0  

Jabez Realty Investment/1-23 Jabez Street/1000/29/East/$527,100/2015/$0  

323 Sanford Management, LLC/321-325 Sandford Avenue/4192/4/West/$900,000/2013/-$2,871.26

323 Sanford Management, LLC/321-325 Sandford Avenue/4192/4/West/$900,000/2014/-$2,952.15

323 Sanford Management, LLC/321-325 Sandford Avenue/4192/4/West/$900,000/2015/-$3,150.17

323 Sanford Management, LLC/321-325 Sandford Avenue/4192/4/West/$875,000/2016/-$4,134.88

Sam Properties Roseville, LLC/511-515 Roseville Avenue/1967/63/North/$1,090,000/2013/-$6,419.82

Sam Properties Roseville, LLC/511-515 Roseville Avenue/1967/63/North/$1,090,000/2014/-$6,741.57

Bruen Realty Estates, LLC/75-91 Bruen Street/198/8/East/$660,000/2011/-$3,150.17

Bruen Realty Estates, LLC/75-91 Bruen Street/198/8/East/$588,500/2012/$0  

Lafayette Street Associates, LLC/125-139 NJRR Avenue (change address location to 115 Bruen Street in 2015)/199/12(17)/East/$517,500/2012/-$8,906.16

Lafayette Street Associates, LLC/121-123 NJRR Avenue/199/25(merged into Lot 12 in 2013)/East/$275,500/2012/-$3,452  

Badger Development Company/202 West Bigelow Street/2703/73/South/$25,000/2010/-$206.70

Badger Development Company/202 West Bigelow Street/2703/73/South$25,00/2011/-$216.32

Badger Development Company/202 West Bigelow Street/2703/73/South$25,000/2012/-$224.38

Essex Newark Legal Services, Inc. /728-730 Broad Street/144/3/Central/$4,250,000/2013/-$31,709.31

Essex Newark Legal Services, Inc. /728-730 Broad Street/144/3/Central/$4,250,000/2014/-$33,298.54

Essex Newark Legal Services, Inc. /728-730 Broad Street/144/3/Central/$3,750,000/2015/-$52,072.04

Essex Newark Legal Services, Inc. /728-730 Broad Street/144/3/Central/$3,750,000/2016/-$54,138.72

Vincent St. Catherine/278 Clinton Place/3623/3/South/$250,000/2013/-$2,642.94

Victoria M. Waterfall/278 Clinton Place/3623/3/South/$250,000/2014/-$2,775.40

Victoria M. Waterfall /278 Clinton Place/3623/3/South/$250,000/2015/-$2,961.56

Victoria M. Waterfall /278 Clinton Place/3623/3/South/$250,000/2016/-$3,078.50

Cristal Realty, LLC/320-326 Clinton Place/3633/1/South/$400,000/2013/-$2,914.61

Cristal Realty, LLC/320-326 Clinton Place/3633/1/South/$400,000/2014/-$1,284.09

H & H Jersey Equities/320-326 Clinton Place/3633/1/South/$400,000/2016/-$3,398.58

C A Realty/851 Broad Street/57.04/121/Central/$412,400/2010/-$4,620.54

C A Realty/851 Broad Street/57.04/121/Central/$412,400/2011/-$4,835.58

C A Realty/851 Broad Street/57.04/121/Central/$412,400/2012/-$5,015.76

C A Realty/847-849 Broad Street/57.04/118/Central/$1,350,000/2013/-$17,850.89

Jacinto Rodrigues/125 Van Buren Street/1984/9/East/$700,000/2011/-$9,984  

Jacinto Rodrigues/125 Van Buren Street/1984/9/East/$650,000/2012/-$10,356.00  

Brugi Venture LLC/521-523 S. 17th Street/335/14/West/$100,000/2012/-$5,626.76

Empire Plaza, LLC/282-304 Irvine Turner Blvd/2580/50/Central/$4,647,600/2010/-$9,540                                             

Empire Plaza, LLC/282-304 Irvine Turner Blvd/2580/50/Central/$4,647,600/2011/-$9,984  

Empire Plaza, LLC/282-304 Irvine Turner Blvd/2580/50/Central/$4,597,600/2012/-$12,082  

515 Assoc. LLC c/o Krupp Bros/509-519 Mt. Prospect Avenue/628/17(19,21,22)/North/$14,903,900/2013/$0  

515 Assoc. LLC c/o Krupp Bros /509-519 Mt. Prospect Avenue/628/17(19,21,22)/North/$14,040,000/2014/-$26,789.54

Forest Hills Towers, SPE, LLC/543-563 Mt. Prospect Avenue/682/18/North/$13,828,500/2013/-$100,842  

Forest Hills Towers, SPE, LLC/543-563 Mt. Prospect Avenue/682/18/North/$13,027,500/2014/-$130,735.06

Michael & Rose Latorre/214 Oliver Street/957/52.01/East/$360,000/2014/-$2,949.05

Michael & Rose Latorre/214 Oliver Street/957/52.01/East/$360,000/2015/-$3,146.86

2 PS&M Realty, LLC/80-82 Parkhurst Street/900/1.03/East/$256,804/2011/-$3,827.07

2 PS&M Realty, LLC/80-82 Parkhurst Street/900/1.03/East/$256,804/2012/-$3,969.66

2 PS&M Realty, LLC/78  Parkhurst Street/900/1.04/East/$256,804/2011/-$3,980.15

2 PS&M Realty, LLC/78  Parkhurst Street/900/1.04/East/$256,804/2012/-$4,125.45

707 Broad Street Associates, LLC/707-721 Broad Street/53.01/38/Central/$38,000,000/2014/-$472,368.25

6 Pomona, LLC/683-689 Elizabeth Avenue/3679/1(3,66)/South/$3,500,000/2013/-$7,503.57

6 Pomona, LLC/683-689 Elizabeth Avenue/3679/1(3,66)/South/$3,400,000/2014/-$10,980.64

6 Pomona, LLC/683-689 Elizabeth Avenue/3679/1(3,66)/South/$3,400,000/2015/-$11,717.17

Cultural Associacao Roca-O-Norte/214-216 Walnut Street/942/6(7)/East/$0/2012/-$21,188.38

Cultural Associacao Roca-O-Norte/214-216 Walnut Street/942/6(7)/East/$0/2013/-$22,058.91

Cultural Associacao Roca-O-Norte/214-216 Walnut Street/942/6(7)/East/$0/2014/-$23,164.47

Cultural Associacao Roca-O-Norte/214-216 Walnut Street/942/6(7)/East/$0/2015/-$24,718.23

Cultural Associacao Roca-O-Norte/214-216 Walnut Street/942/6(7)/East/$0/2016/-$25,696.80

HG Jetson Urban Ren Inv. Cogswell/609-633 Broad Street/18/39/Central/$5,195,200/2010/-$26,028.30

HG Jetson Urban Ren Inv. Cogswell/609-633 Broad Street/18/39/Central/$5,195,200/2011/-$27,239.68

HG Jetson Urban Ren Inv. Cogswell/609-633 Broad Street/18/39/Central/$5,195,200/2012/-$28,254.62

TJF Consulting LLC/581 S. 10th Street/313/60/Central/$214,000/2010/-$2,229.18

TJF Consulting LLC/581 S. 10th Street/313/60/Central/$214,000/2011/-$2,332.93                                                               

TJF Consulting LLC/581 S. 10th Street/313/60/Central/$214,000/2012/-$2,419.85

Hamilton Court LLC/97-101 Hamilton Street/194/42/East/$255,400/2011/-$725.50

Hamilton Court LLC/97-101 Hamilton Street/194/42/East/$255,400/2012/-$752.54                     

Hamilton Court LLC/97-101 Hamilton Street/194/42/East/$384,000/2013/$0  

Hamilton Court LLC/97-101 Hamilton Street/194/42/East/$384,000/2014/$0  

William Washington, LLC/45-53 William Street/58/9/Central/$525,000/2011/-$8,899.07

William Washington, LLC/45-53 William Street/58/9/Central/$525,000/2012/-$9,230.65

William Washington, LLC/45-53 William Street/58/9/Central/$525,000/2014/-$7,324.56

William Washington, LLC/45-53 William Street/58/9/Central/$525,000/2015/-$7,815.86

889 Broad Street, LLC, Rock Properties/889-893 Broad Street/93/14/Central/$1,122,500/2012/-$7,300.98

889 Broad Street, LLC, Rock Properties/889-893 Broad Street/93/14/Central/$1,650,000/2013/-$5,985.73

889 Broad Street, LLC, Rock Properties/889-893 Broad Street/93/14/Central/$1,650,000/2014/-$6,285.73

889 Broad Street, LLC, Rock Properties/889-893 Broad Street/93/14/Central/$1,650,000/2015/-$6,707.34

889 Broad Street, LLC, Rock Properties/889-893 Broad Street/93/14/Central/$1,650,000/2016/-$6,972.88

1188 Raymond, LLC/726 Broad Street/144/1/Central/$1,200,000/2013/-$7,642.36

1188 Raymond, LLC/726 Broad Street/144/1/Central/$1,200,000/2014/-$8,025.39

1188 Raymond, LLC/726 Broad Street/144/1/Central/$1,200,000/2015/-$8,563.69                                                               

1188 Raymond, LLC/726 Broad Street/144/1/Central/$1,200,000/2016/-$8,902.72

Cruz Plaza, LLC/516-544 Raymond Blvd/2470/1.01/East/$3,697,100/2010/$0  

Cruz Plaza, LLC/516-544 Raymond Blvd/2470/1.01/East/$3,500,000/2011/-$6,559.49

Cruz Plaza, LLC/516-544 Raymond Blvd/2470/1.01/East/$3,450,000/2012/-$8,529.89

Cruz Plaza, LLC/516-544 Raymond Blvd/2470/1.01/East/$5,476,600/2013/$0  

Cruz Plaza, LLC/516-544 Raymond Blvd/2470/1.01/East/$5,200,000/2014/-$8,577.37

Cruz Plaza, LLC/516-544 Raymond Blvd/2470/1.01/East/$5,000,000/2015/-$7,279.80

388 Realty, LLC/388 South Orange Avenue/265/6/West/$38,600/2013/-$1,222.54

Minaya, Inc. /265-267 South Orange Avenue/262/65/West/$306,100/2012/-$4,045.74

Additional Information: 

Total Tax Difference: - $2,051,672.95

Invitation: Acting Corporation Counsel, June 21, 2017

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, March 2017; 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 Acting Corporation Counsel, and/or his designee, DeCotiis, Fitzpatrick, Cole & Giblin, LLC (“Outside 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 Acting Corporation Counsel of the City of Newark, or his designee, Outside Counsel, be and is hereby authorized to execute a Stipulation of Settlement with regard to certain properties as set forth in Schedule A, March 2017, after receipt of all documents deemed appropriate.

 

2.                     The City Clerk shall serve a copy of this resolution upon the Tax Assessor, Acting Corporation Counsel and the Director of Finance.

                     

STATEMENT

 

This resolution authorizes the Acting Corporation Counsel of the City of Newark, or his designee, DeCotiis, Fitzpatrick, Cole & Giblin, LLC, to execute a Stipulation of Settlement with regard to Tax Appeals on properties set forth in Schedule A, March, 2017.