File #: 14-0567    Version: 1 Name: Stipulation of Settlements for Tax Appeals
Type: Resolution Status: Returned to Administration
File created: 4/15/2014 In control: Finance
On agenda: 7/9/2014 Final action: 7/14/2014
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) 51 Park Avenue/51 Park Avenue/512/32/North/$115,200/2011/-$339.46 86 Highland Associates, LLC/86 Highland Avenue/540/31/North/$142,200/2011/-$738.82 86 Highland Associates, LLC/86 Highland Avenue/540/31/North/$142,200/2012/-$766.34 86 Highland Associates, LLC/86 Highland Avenue/540/31/North/$132,200/2013/-$0.00 164 Fabyan Associates, LLC/164 Fabyan Place/3084/42/South/$142,800/2011/-$425.98 164 Fabyan Associates, LLC/164 Fabyan Place/3084/42/South/$142,800/2012/-$441.86 164 Fabyan Associates, LLC/164 Fabyan Place/3084/42/South/$139,300/2013/-$0.00 175 Bessad, LLC/175 Camden Street/262/49/Central/$200,300/2012/-$873.36 207-209 Stuyvesant Associates, LLC/207-209 Stuyvesant Avenue/4105/22/West/$143,400/2011/-$279.55 207-209 Stuyvesant Associates, LLC/207-209 Stuyvesan...

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)

 51 Park Avenue/51 Park Avenue/512/32/North/$115,200/2011/-$339.46

86 Highland Associates, LLC/86 Highland Avenue/540/31/North/$142,200/2011/-$738.82

86 Highland Associates, LLC/86 Highland Avenue/540/31/North/$142,200/2012/-$766.34

86 Highland Associates, LLC/86 Highland Avenue/540/31/North/$132,200/2013/-$0.00

164 Fabyan Associates, LLC/164 Fabyan Place/3084/42/South/$142,800/2011/-$425.98

164 Fabyan Associates, LLC/164 Fabyan Place/3084/42/South/$142,800/2012/-$441.86

164 Fabyan Associates, LLC/164 Fabyan Place/3084/42/South/$139,300/2013/-$0.00

175 Bessad, LLC/175 Camden Street/262/49/Central/$200,300/2012/-$873.36

207-209 Stuyvesant Associates, LLC/207-209 Stuyvesant Avenue/4105/22/West/$143,400/2011/-$279.55

207-209 Stuyvesant Associates, LLC/207-209 Stuyvesant Avenue/4105/22/West/$143,400/2012/-$289.97

207-209 Stuyvesant Associates, LLC/207-209 Stuyvesant Avenue/4105/22/West/$170,900/2013/-$0.00

266 Verona Associates, LLC/266 Verona Avenue/811/2/North/$176,300/2011/-$332.80

376-378 Leslie Associates, LLC/376-378 Leslie Street/3724.02/79/South/$123,200/2011/-$106.50

376-378 Leslie Associates, LLC/376-378 Leslie Street/3724.02/79/South/$123,200/2012/-$110.46

376-378 Leslie Associates, LLC/376-378 Leslie Street/3724.02/79/South/$182,500/2013/-$0.00

Dos Santos, Uranio & Maria/17 Fleming Avenue/2018/15/East/$224,700/2012/-$2,095.36

Dos Santos, Uranio & Maria/17- Fleming Avenue/2018/16/East/$235,100/2012/-$2,454.37

Dos Santos, Uranio & Maria/19 Fleming Avenue/2018/17/East/$247,000/2012/-$2,865.16

Keystone Investment Group, et al./209 North Eleventh Street/1938/60/North/$206,800/2012/-$1,270.34

                                                                                                                                        

Additional Information: 

 Total Tax Difference: -$13,390.33

Invitation: Corporation Counsel, July 8, 2014

Deferred 7R5-c 070914

 

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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.