File #: 11-0878    Version: 1 Name:
Type: Resolution Status: Adopted
File created: 8/17/2011 In control: Finance
On agenda: 9/8/2011 Final action: 9/8/2011
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) 1112 South Orange Ave, Inc./1112-1118 S. Orange Ave/4173/1/West/$257,700.00/2006/$2,440.20 Dentree Associates/ 207-215 Avenue L/5030/90/East/$2,300,000.00/2008/$7,797.00 Dentree Associates/ 207-215 Avenue L/5030/90/East/$2,300,000.00/2009/$10,956.00 Dentree Associates/ 207-215 Avenue L/5030/90/East/$2,165,000.00/2010/$8,427.00 Donato Iannascolio/137-143 Meeker Ave/3542/30/South/$800,000.00/2008/$6,497.50 Donato Iannascolio/137-143 Meeker Ave/3542/30/South/$800,000.00/2009/$6,847.50 Donato Iannascolio/137-143 Meeker Ave/3542/30/South/$800,000.00/2010/$7,950.00 Donato Iannascolio/137-143 Meeker Ave/3542/30/South/$800,000.00/2011/$7,950.00(est.) Donato Iannascolio/109-135 Meeker Ave/3542/28/South/$1,200,000.00/2008/$8,316.80 Donato Iannascolio/109-135 Meeker Ave/3542/28/Sout...

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)

1112 South Orange Ave, Inc./1112-1118 S. Orange Ave/4173/1/West/$257,700.00/2006/$2,440.20

Dentree Associates/ 207-215 Avenue L/5030/90/East/$2,300,000.00/2008/$7,797.00

Dentree Associates/ 207-215 Avenue L/5030/90/East/$2,300,000.00/2009/$10,956.00

Dentree Associates/ 207-215 Avenue L/5030/90/East/$2,165,000.00/2010/$8,427.00

Donato Iannascolio/137-143 Meeker Ave/3542/30/South/$800,000.00/2008/$6,497.50

Donato Iannascolio/137-143 Meeker Ave/3542/30/South/$800,000.00/2009/$6,847.50

Donato Iannascolio/137-143 Meeker Ave/3542/30/South/$800,000.00/2010/$7,950.00

Donato Iannascolio/137-143 Meeker Ave/3542/30/South/$800,000.00/2011/$7,950.00(est.)

Donato Iannascolio/109-135 Meeker Ave/3542/28/South/$1,200,000.00/2008/$8,316.80

Donato Iannascolio/109-135 Meeker Ave/3542/28/South/$1,200,000.00/2009/$3,286.80

Donato Iannascolio/109-135 Meeker Ave/3542/28/South/$1,200,000.00/2010/$3,816.00

Donato Iannascolio/109-135 Meeker Ave/3542/28/South/$1,200,000.00/2011/$3,816.00(est.)

JGKM Glodek 1111 LP/1109-1115 S. Orange Ave/4183/5/West/$407,800.00/2006/$3,159.81

JGKM Glodek 1111 LP/1109-1115 S. Orange Ave/4183/5/West/$364,300.00/2007/$2,076.66

JGKM Glodek 1111 LP/1109-1115 S Orange Ave/4183/5/West/$364,300.00/2008/$2,167.57

Jose Nogueiras/44-46 Hensler St/2038/7/East/$493,700.00/2008/$1,707.54

Jose Nogueiras/44-46 Hensler St/2038/7/East/$493,700.00/2009/$1,799.52

Jose Nogueiras/44-46 Hensler St/2038/7/East/$493,700.00/2010/$2,089.26

Jose Nogueiras/44-46 Hensler St/2038/8/East/$645,200.00/2008/$3,898.50

Jose Nogueiras/44-46 Hensler St/2038/8/East/$645,200.00/2009/$4,108.50

Jose Nogueiras/44-46 Hensler St/2038/8/East/$645,200.00/2010/$4,770.00

RAR Dev c/o. Iron Mountain/400 Ferry St./2022/29/East/$2,702,600.00/2008/$7,864.57

RAR Dev c/o. Iron Mountain/400 Ferry St./2022/29/East/$2,702,600.00/2009/$19,244.21

RAR Dev c/o. Iron Mountain/400 Ferry St./2022/29/East/$2,702,600.00/2010/$22,342.68

RE Holding, LLC/470-472 Avon Ave/2644/1/South/$384,100.00/2008/$2,996.65

RE Holding, LLC/470-472 Avon Ave/2644/1/South/$384,100.00/2009/$3,158.07

Romar Urban Renewal Corp/209-211 Chestnut St/948/21/East/$283,000.00/2007/$478.08

Romar Urban Renewal Corp/209-211 Chestnut St/948/21/East/$283,000.00/2008/$499.01

Rutgers c/o Iron Mountain/155 Washington St/66/45/Central/$3,011,400.00/2008/$11,264.07

Rutgers c/o Iron Mountain/155 Washington St/66/45/Central/$3,011,400.00/2009/$16,746.25

Synergy Development, LLC/531-551 Springfield Ave/2671/1/South/$3,612,800.00/2010/$23,064.54

Synergy Development, LLC/531-551 Springfield Ave/2671/1/South/$3,612,800.00/2011/$23,064.54(est.)

Triumph Group, LLC/11-21 Wright Street/22801/32/South/$1,090,800.00/2009/$5,478.00

Triumph Group, LLC/11-21 Wright Street/22801/32/South/$1,090,800.00/2010/$6,360.00

Triumph Group, LLC/11-21 Wright Street/22801/32/South/$1,090,800.00/2011/$6,360.00(est.)

Total Refund/Credit: $252,798.83

Additional Information:  N/A

Invitation: Corporation Counsel, September 7, 2011