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File #:
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14-0573
Version:
1
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Name:
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Stipulation of Settlements for Tax Appeals
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Type:
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Resolution
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Status:
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Returned to Administration
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File created:
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4/16/2014
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In control:
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Finance
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On agenda:
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7/9/2014
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Final action:
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7/14/2014
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Title:
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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)
100 Chadwick Ave., LLC/611-635 Bergen Street/2686/1/South/$3,021,200/2009/-$3,319.67
100 Chadwick Ave., LLC/611-635 Bergen Street/2686/1/South/$3,021,200/2010/-$3,854.16
100 Chadwick Ave., LLC/611-635 Bergen Street/2686/1/South/$3,021,200/2011/-$4,033.54
100 Chadwick Ave., LLC/611-635 Bergen Street/2686/1/South/$3,021,200/2012/-$4,183.82
100 Chadwick Ave., LLC/747-773 Bergen Street/2708/16/South/$3,487,800/2009/-$13,114.33
100 Chadwick Ave., LLC/747-773 Bergen Street/2708/16/South/$3,487,800/2010/-$15,225.85
100 Chadwick Ave., LLC/747-773 Bergen Street/2708/16/South/$3,487,800/2011/-$15,934.46
100 Chadwick Ave., LLC/747-773 Bergen Street/2708/16/South/$3,487,800/2012/-$16,528.18
152 Jelliff Avenue Corp./146-152 Avon Avenue/2662/8/South/$441,800/2009/-$2,514.40
152...
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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)
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100 Chadwick Ave., LLC/611-635 Bergen Street/2686/1/South/$3,021,200/2009/-$3,319.67 |
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100 Chadwick Ave., LLC/611-635 Bergen Street/2686/1/South/$3,021,200/2010/-$3,854.16 |
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100 Chadwick Ave., LLC/611-635 Bergen Street/2686/1/South/$3,021,200/2011/-$4,033.54 |
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100 Chadwick Ave., LLC/611-635 Bergen Street/2686/1/South/$3,021,200/2012/-$4,183.82 |
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100 Chadwick Ave., LLC/747-773 Bergen Street/2708/16/South/$3,487,800/2009/-$13,114.33 |
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100 Chadwick Ave., LLC/747-773 Bergen Street/2708/16/South/$3,487,800/2010/-$15,225.85 |
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100 Chadwick Ave., LLC/747-773 Bergen Street/2708/16/South/$3,487,800/2011/-$15,934.46 |
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100 Chadwick Ave., LLC/747-773 Bergen Street/2708/16/South/$3,487,800/2012/-$16,528.18 |
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152 Jelliff Avenue Corp./146-152 Avon Avenue/2662/8/South/$441,800/2009/-$2,514.40 |
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152 Jelliff Avenue Corp./146-152 Avon Avenue/2662/8/South/$441,800/2010/-$2,919.24 |
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152 Jelliff Avenue Corp./146-152 Avon Avenue/2662/8/South/$441,800/2011/-$3,055.10 |
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152 Jelliff Avenue Corp./146-152 Avon Avenue/2662/8/South/$441,800/2012/-$3,168.94 |
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800 Associates, LLC/795-809 Elizabeth Avenue/3684/1/South/$2,100,000/2009/-$5,478.00 |
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800 Associates, LLC/795-809 Elizabeth Avenue/3684/1/South/$2,100,000/2010/-$6,360.00 |
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800 Associates, LLC/795-809 Elizabeth Avenue/3684/1/South/$2,100,000/2011/-$6,656.00 |
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800 Associates, LLC/795-809 Elizabeth Avenue/3684/1/South/$2,100,000/2012/-$6,904.00 |
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Atlas Refinery, Inc./134-152 Lockwood Street/2412/7/East/$1,829,900/2011/-$12,400.13 |
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Atlas Refinery, Inc./134-152 Lockwood Street/2412/7/East/$1,829,900/2012/-$12,862.15 |
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Atlas Refinery, Inc./130-132 Lockwood Street/2412/82/East/$419,300/2011/-$1,664.00 |
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Atlas Refinery, Inc./130-132 Lockwood Street/2412/82/East/$419,300/2012/-$1,726.00 |
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Atlas Refinery, Inc./121-143 Lister Avenue/2438/65/East/$250,800/2011/-$1,664.00 |
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Atlas Refinery, Inc./121-143 Lister Avenue/2438/65/East/$250,800/2012/-$1,726.00 |
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Best Provision Co., Inc./143-159 Jelliff Avenue/2662/9/Central/$825,000/2009/-$2,054.25 |
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Best Provision Co., Inc./143-159 Jelliff Avenue/2662/9/Central/$825,000/2010/-$2,385.00 |
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Best Provision Co., Inc./143-159 Jelliff Avenue/2662/9/Central/$825,000/2011/-$2,496.00 |
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Best Provision Co., Inc./143-159 Jelliff Avenue/2662/9/Central/$825,000/2012/-$2,589.00 |
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Best Provision Co., Inc./163 Jelliff Avenue/2662/16/Central/$224,900/2009/-$1,780.35 |
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Best Provision Co., Inc./163 Jelliff Avenue/2662/16/Central/$224,900/2010/-$2,067.00 |
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Best Provision Co., Inc./163 Jelliff Avenue/2662/16/Central/$224,900/2011/-$2,163.20 |
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Best Provision Co., Inc./163 Jelliff Avenue/2662/16/Central/$224,900/2012/-$2,243.80 |
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Best Provision Co., Inc,/165-167 Jelliff Avenue/2662/18/Central/$302,800/2009/-$1,950.17 |
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Best Provision Co., Inc,/165-167 Jelliff Avenue/2662/18/Central/$302,800/2010/-$2,264.16 |
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Best Provision Co., Inc,/165-167 Jelliff Avenue/2662/18/Central/$302,800/2011/-$2,369.54 |
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Best Provision Co., Inc,/165-167 Jelliff Avenue/2662/18/Central/$302,800/2012/-$2,457.82 |
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Best Provision Co., Inc./169-171 Jelliff Avenue/2662/20/Central/$245,300/2009/-$1,780.35 |
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Best Provision Co., Inc./169-171 Jelliff Avenue/2662/20/Central/$245,300/2010/-$2,067.00 |
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Best Provision Co., Inc./169-171 Jelliff Avenue/2662/20/Central/$245,300/2011/-$2,163.20 |
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Best Provision Co., Inc./169-171 Jelliff Avenue/2662/20/Central/$245,300/2012/-$2,243.80 |
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Colonnades Apartments c/o Wilsire/23-59 Clifton Avenue/456/1/Central/$17,100,000/2010/-$19,080.00 |
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Colonnades Apartments c/o Wilsire/23-59 Clifton Avenue/456/1/Central/$17,100,000/2011/-$19,968.00 |
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Colonnades Apartments c/o Wilsire/23-59 Clifton Avenue/456/1/Central/$17,100,000/2012/-$20,712.00 |
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Dantina Real Estate, LLC/87-89 Tichenor Street/926/17/East/$377,300/2009/-$1,432.50 |
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Dantina Real Estate, LLC/87-89 Tichenor Street/926/17/East/$377,300/2010/-$3,253.14 |
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Dantina Real Estate, LLC/87-89 Tichenor Street/926/17/East/$377,300/2011/-$3,404.54 |
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Dantina Real Estate, LLC/87-89 Tichenor Street/926/17/East/$377,300/2012/-$3,531.40 |
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Independence Community Bank/1-7 Wheeler Point Road/1128.02/85/East/$550,000/2010/-$1,590.00 |
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Industrial Development Corp./1694-1700 McCarter Highway/614-65/Central/$131,100/2011/-$1,035.01 |
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Industrial Development Corp./1694-1700 McCarter Highway/614-65/Central/$131,100/2012/-$1,073.57 |
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Jomase Realty Corp./85-87 Wilson Avenue/2032/37/East/$902,500/2009/-$2,739.00 |
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Jomase Realty Corp./85-87 Wilson Avenue/2032/37/East/$902,500/2010/-$3,180.00 |
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Jomase Realty Corp./85-87 Wilson Avenue/2032/37/East/$902,500/2011/-$3,328.00 |
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Jomase Realty Corp./85-87 Wilson Avenue/2032/37/East/$902,500/2012/-$3,452.00 |
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The Kent Family Partnership No. II/379-383 Frelinghuysen Avenue/3540/4/South/$450,000/2009/-$1,369.50 |
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The Kent Family Partnership No. II/379-383 Frelinghuysen Avenue/3540/4/South/$450,000/2010/-$1,590.00 |
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The Kent Family Partnership No. II/379-383 Frelinghuysen Avenue/3540/4/South/$450,000/2011/-$1,664.00 |
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The Kent Family Partnership No. II/379-383 Frelinghuysen Avenue/3540/4/South/$450,000/2012/-$1,726.00 |
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Lenray, Inc./337-351 Sherman Avenue/3546/76/South/$2,240,000/2010/-$7,632.00 |
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NSKA Realty Associates/796-798 Broad Street/164/4/Central/$675,000/2009/-$3,656.57 |
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NSKA Realty Associates/796-798 Broad Street/164/4/Central/$675,000/2010/-$4,245.30 |
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NSKA Realty Associates/796-798 Broad Street/164/4/Central/$675,000/2011/-$4,442.88 |
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NSKA Realty Associates/796-798 Broad Street/164/4/Central/$675,000/2012/-$4,608.42 |
Additional Information:
Total Tax Difference: -$299,080.43
Invitation: Corporation Counsel, July 8, 2014
Deferred 7R5-d 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.
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