File #: 22-0384    Version: 1 Name: REsolution: Stipulation of Settlement for Tax Appeals March 2022
Type: Resolution Status: Adopted
File created: 3/15/2022 In control: Finance
On agenda: 4/20/2022 Final action: 4/20/2022
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) Father Flanagan's Boys Home/Greenbranch Recovery, LLC/3510.01/20/36-38 Haynes Avenue/South/2016/$185,300(Exemption)-$6,374.32 Father Flanagan's Boys Home/Greenbranch Recovery, LLC/3510.01/20/36-38 Haynes Avenue/South/2017/$185,300(Exemption)-$6,596.68 Father Flanagan's Boys Home/Greenbranch Recovery, LLC/3510.01/22/40-60 Haynes Avenue/South/2016/$430,000(Exemption)/-$18,232.00 Father Flanagan's Boys Home/Greenbranch Recovery, LLC/3510.01/22/40-60 Haynes Avenue/South/2017/$430,000(Exemption)/-$18,868.00 Father Flanagan's Boys Home/Greenbranch Recovery, LLC/3510.01/30/23-33 Fenwick Street/South/2016/$579,000(Exemption)/-$19,917.60 Father Flanagan's Boys Home/Greenbranch Recovery, LLC/3510.01/30/23-33 Fenwick Street/South/2017/$579,000(Exemption)/-$20,612.40 Father Flanagan'...
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)

Father Flanagan’s Boys Home/Greenbranch Recovery, LLC/3510.01/20/36-38 Haynes Avenue/South/2016/$185,300(Exemption)-$6,374.32

Father Flanagan’s Boys Home/Greenbranch Recovery, LLC/3510.01/20/36-38 Haynes Avenue/South/2017/$185,300(Exemption)-$6,596.68

Father Flanagan’s Boys Home/Greenbranch Recovery, LLC/3510.01/22/40-60 Haynes Avenue/South/2016/$430,000(Exemption)/-$18,232.00

Father Flanagan’s Boys Home/Greenbranch Recovery, LLC/3510.01/22/40-60 Haynes Avenue/South/2017/$430,000(Exemption)/-$18,868.00

Father Flanagan’s Boys Home/Greenbranch Recovery, LLC/3510.01/30/23-33 Fenwick Street/South/2016/$579,000(Exemption)/-$19,917.60

Father Flanagan’s Boys Home/Greenbranch Recovery, LLC/3510.01/30/23-33 Fenwick Street/South/2017/$579,000(Exemption)/-$20,612.40

Father Flanagan’s Boys Home/Greenbranch Recovery, LLC/3510.01/36/19-21 Fenwick Street/South/2016/$737,700(Exemption)-$25,376.88

Father Flanagan’s Boys Home/Greenbranch Recovery, LLC/3510.01/36/19-21 Fenwick Street/South/2017/$737,700(Exemption)-$26,237.20     

Additional Information: 

Total tax appeal refunds -$142.215.08

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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, March 2022 Refund; 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, and/or his designee, DeCotiis, FitzPatrick, Cole and Giblin, LLP, as 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 Corporation Counsel and/or his designee, DeCotiis, FitzPatrick, Cole and Giblin, LLP, as Outside Counsel is hereby authorized to execute a Stipulation of Settlement with regard to certain properties as set forth in Schedule A, March 2022 Refunds, 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 Director of the Department of Finance.

                     

 

STATEMENT

 

                     This Resolution authorizes the Corporation Counsel, and/or his designee, DeCotiis, FitzPatrick, Cole and Giblin, LLP, as Outside Counsel, to execute a Stipulation of Settlement with regard to Tax Appeals on certain properties set forth in Schedule A, March 2022 Refunds.