Title
Dept/ Agency: Finance
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Purpose: Private sale and assignment of Tax Sale Certificate
Entity Name: The Morris Companies
Entity Address: 350 Veterans Boulevard, Rutherford, New Jersey, 07070
Amount of Sale: $30,204.24
Cert. No./Tax Sale Date/Block/Lot/Location/Ward/Property Type
Tax Sale Certificate No. 2015-2042/Dated: 12/29/15/Block 2438/Lot 56/104-112 Lister Avenue, Rear/East Ward
Additional Information:
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WHEREAS, pursuant to N.J.S.A. 54:5-113 and 114, notice will be published in the Newark Star Ledger on November 25, 2016, that its regular meeting to be held on December 21, 2016, the Municipal Council of the City of Newark will take action to authorize the assignment of Tax Sale Certificate No. 2015-2042, dated December 29, 2015 for Block: 2438, Lot: 56, location: 104-112 Lister Avenue (East Ward) assessed to: Properties 110, LLC, 108-05 Liberty Avenue, Richmond Hill, New York 11419; and
WHEREAS, said Tax Sale Certificate is presently held by the City of Newark, and the City wishes to assign same to The Morris Companies, 350 Veterans Boulevard, Rutherford, New Jersey 07070; and
WHEREAS, in consideration for assigning the Tax Sale Certificate to The Morris Companies, the City will realize the sum of Thirty Thousand Two Hundred Four Dollars and Twenty Four Cents ($30,204.24), representing the Tax Sale Certificate amount of $9,476.01 and subsequent charges through December 2016.
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
1). The assignment of Tax Sale Certificate No. 2015-2042, dated December 29, 2015 is hereby authorized.
2). The Tax Collector is hereby authorized and directed to execute for the aforesaid consideration of $30,204.24, the assignment of the Tax Certificate described herein.
3). The Tax Collector shall have the authority to void the assignment if redemption is made by the Owner of Record, or found to have other implications that would preclude clear title.
STATEMENT
This Resolution authorizes the Mayor and/or his designees, the Director of Finance and/or the Tax Collector to assign delinquent Tax Sale Certificate No. 2015-2042 to Morris Companies, 350 Veterans Boulevard, Rutherford, New Jersey 07070, for the property located at 104-112 Lister Avenue Rear, Block 438, Lot 56, in the amount of $30.204.24.