File #: 12-0111    Version: 1 Name: 12-0111 Stipulation of Settlement Tax Appeals
Type: Resolution Status: Filed
File created: 1/13/2012 In control: Finance
On agenda: 5/16/2012 Final action: 5/16/2012
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) D & P, LLC/624 South Orange Avenue/4004/7/West/$297,400/2010 Da Cunha, Jaime & Ines/43 Kossuth Street/2080/22/East/$495,600/2010 Da Cunha, Jaime & Ines/43 Kossuth Street/2080/22/East/$495,600/2011 Huang, Joseph & Julia/8-10 Freeman Street/2472/1.08/East/$424,600/2010 Kenmore Avenue, LLC/20-22 Kenmore Avenue/West/$155,300/2009 Kenmore Avenue, LLC/20-22 Kenmore Avenue/West/$155,300/2010 Kenmore Avenue, LLC/20-22 Kenmore Avenue/West/$155,300/2011 Ramos, S. & Santos, V./133 Tichenor Street/926/40/East/$241,100/2008 Serrano, Orestes & Vergel, Osvaldo, /86 Fillmore Street/2013/9.03/East/$391,500/2010 Serrano, Orestes & Vergel, Osvaldo, /86 Fillmore Street/2013/9.03/East/$391,500/2011 W. Hahne, Trustee/24 Goble Street/1184.01/31/East/$308,000/2010 ...
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)
D & P, LLC/624 South Orange Avenue/4004/7/West/$297,400/2010
Da Cunha, Jaime & Ines/43 Kossuth Street/2080/22/East/$495,600/2010
Da Cunha, Jaime & Ines/43 Kossuth Street/2080/22/East/$495,600/2011
Huang, Joseph & Julia/8-10 Freeman Street/2472/1.08/East/$424,600/2010
Kenmore Avenue, LLC/20-22 Kenmore Avenue/West/$155,300/2009
Kenmore Avenue, LLC/20-22 Kenmore Avenue/West/$155,300/2010
Kenmore Avenue, LLC/20-22 Kenmore Avenue/West/$155,300/2011
Ramos, S. & Santos, V./133 Tichenor Street/926/40/East/$241,100/2008
Serrano, Orestes & Vergel, Osvaldo, /86 Fillmore Street/2013/9.03/East/$391,500/2010
Serrano, Orestes & Vergel, Osvaldo, /86 Fillmore Street/2013/9.03/East/$391,500/2011
W. Hahne, Trustee/24 Goble Street/1184.01/31/East/$308,000/2010
                                     
Additional Information:  
 
 
This action settles tax appeals.
 
Invitation: Corporation Counsel, May 15, 2012
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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.