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File #:
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14-0635
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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4/24/2014
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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)
36-38 Commerce Street, LLC/36-38 Commerce Street/145/30/East/$322,400/2010/-$712.32
36-38 Commerce Street, LLC/36-38 Commerce Street/145/30/East/$322,400/2011/-$745.47
36-38 Commerce Street, LLC/36-38 Commerce Street/145/30/East/$322,400/2012/-$773.25
104 Montclair Realty, LLC/102-106 Montclair Avenue/776/34/North/$695,900/2009/-$2,739.00
104 Montclair Realty, LLC/102-106 Montclair Avenue/776/34/North/$695,900/2010/-$3,180.00
104 Montclair Realty, LLC/102-106 Montclair Avenue/776/34/North/$695,900/2011/-$3,328.00
104 Montclair Realty, LLC/102-106 Montclair Avenue/776/34/North/$695,900/2012/-$3,452.00
711 Thomas Street, LLC/171-173 Thomas Street/1186/41/East/$322,200/2011/-$4,066.82
Consolidated Rail Corp./854-910 Doremus Avenue Rear/5078/89/East/$1,905,900/2008/$...
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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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36-38 Commerce Street, LLC/36-38 Commerce Street/145/30/East/$322,400/2010/-$712.32 |
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36-38 Commerce Street, LLC/36-38 Commerce Street/145/30/East/$322,400/2011/-$745.47 |
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36-38 Commerce Street, LLC/36-38 Commerce Street/145/30/East/$322,400/2012/-$773.25 |
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104 Montclair Realty, LLC/102-106 Montclair Avenue/776/34/North/$695,900/2009/-$2,739.00 |
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104 Montclair Realty, LLC/102-106 Montclair Avenue/776/34/North/$695,900/2010/-$3,180.00 |
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104 Montclair Realty, LLC/102-106 Montclair Avenue/776/34/North/$695,900/2011/-$3,328.00 |
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104 Montclair Realty, LLC/102-106 Montclair Avenue/776/34/North/$695,900/2012/-$3,452.00 |
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711 Thomas Street, LLC/171-173 Thomas Street/1186/41/East/$322,200/2011/-$4,066.82 |
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Consolidated Rail Corp./854-910 Doremus Avenue Rear/5078/89/East/$1,905,900/2008/$0.00 |
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Consolidated Rail Corp./854-910 Doremus Avenue Rear/5078/89/East/$1,905,900/2009/$0.00 |
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Consolidated Rail Corp./854-910 Doremus Avenue Rear/5078/89/East/$1,905,900/2010/$0.00 |
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Consolidated Rail Corporation/62-64 Blanchard Street /5001/90/East/$677,800/2012/$0.00 |
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Consolidated Rail Corporation/62-64 Blanchard Street Rear/5000/80/East/$158,900/2012/$0.00 |
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Dos Santos, Maria Galente/108-112 Wilson Avenue/1004/1/East/$1,213,300/2011/-$3,328.00 |
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Dyes & Chemical Corporation/45-51 Paris Street/2068/1/East/$411,800/2009/-$597.10 |
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Dyes & Chemical Corporation/12-69 Paris Street/2068/10/East/$528,500/2009/-$2,834.87 |
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Dyes & Chemical Corporation/71-75 Paris Street/2068/14/East/$397,900/2009/-$1,996.73 |
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Dyes & Chemical Corporation/77-85 Paris Street/2068/60/East/$215,900/2009/-$0.00 |
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Garris, Gary/99 Camden Street/259/29/West/$27,500/2011/-$216.32 |
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Garris, Gary/99 Camden Street/259/29/West/$27,500/2012/-$224.38 |
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Garris, Gary/99 Camden Street/259/30/West/$28,500/2011/-$249.60 |
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Garris, Gary/99- Camden Street/259/30/West/$28,500/2012/-$258.90 |
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J.D.S. Builders, LLC/113 Wilson Avenue/2076/3/East/$431,000/2010/-$2,575.80 |
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J.D.S. Builders, LLC/113 Wilson Avenue/2076/3/East/$431,000/2011/-$2,695.68 |
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J.D.S. Builders, LLC/113 Wilson Avenue/2076/3/East/$431,000/2012/-$2,796.12 |
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Jeliff Avenue, LLC/292-302 Jeliff Avenue/2691/33/South/$425,000/2009/-$1,095.60 |
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Jeliff Avenue, LLC/292-302 Jeliff Avenue/2691/33/South/$425,000/2010/-$1,272.00 |
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Jeliff Avenue, LLC/292-302 Jeliff Avenue/2691/33/South/$425,000/2011/-$1,331.20 |
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Jeliff Avenue, LLC/292-302 Jeliff Avenue/2691/33/South/$425,000/2012/-$1,380.80 |
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L.I.R. Urban Renewal, Inc. by White Castle/642-650 Broadway/730/18/North/$537,500/2009/-$3,642.87 |
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L.I.R. Urban Renewal, Inc. by White Castle/642-650 Broadway/730/18/North/$537,500/2010/-$4,229.40 |
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L.I.R. Urban Renewal, Inc. by White Castle/642-650 Broadway/730/18/North/$537,500/2011/-$4,426.24 |
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L.I.R. Urban Renewal, Inc. by White Castle/642-650 Broadway/730/18/North/$537,500/2012/-$4,591.16 |
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Lopez, Benito/16-18 Union Street/177/8/East/$426,900/2009/-$1,010.69 |
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Lopez, Benito/16-18 Union Street/177/8/East/$426,900/2010/-$1,173.42 |
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Lopez, Benito/16-18 Union Street/177/8/East/$426,900/2011/-$1,228.03 |
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Lopez, Benito/16-18 Union Street/177/8/East/$426,900/2012/-$1,273.79 |
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Lopez, Benito & Carmen/57-61 Van Buren Street/1999/22/East/$598,300/2010/-$3,513.90 |
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Lopez, Benito & Carmen/57-61 Van Buren Street/1999/22/East/$521,700/2011/-$1,128.19 |
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Lopez, Benito & Carmen/57-61 Van Buren Street/1999/22/East/$521,700/2012/-$1,170.23 |
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Pacific Street, LLC/70 Pacific Street/945/3/East/$312,300/2009/-$1,706.40 |
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Pacific Street, LLC/70 Pacific Street/945/3/East/$312,300/2010/-$1,981.14 |
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Pacific Street, LLC/70 Pacific Street/945/3/East/$312,300/2011/-$2,073.34 |
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Pacific Street, LLC/70 Pacific Street/945/3/East/$312,300/2012/-$2,150.60 |
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Paramount Realty Associates/637-643 Central Avenue/1863/1/West/$750,000/2011/-$9,404.93 |
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Paramount Realty Associates/637-643 Central Avenue/1863/1/West/$750,000/2012/-$9,755.35 |
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Paramount Realty, Inc./130-136 Mt. Pleasant Ave./521/37/North/$320,000/2010/-$903.12 |
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Paramount Realty, Inc./130-136 Mt. Pleasant Ave./521/37/North/$320,000/2011/-$945.15 |
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Paramount Realty, Inc./130-136 Mt. Pleasant Ave./521/37/North/$320,000/2012/-$980.37 |
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Paramount Realty II, Inc./108-114 Mt. Pleasant Ave./521/47/North/$400,000/2010/-$1,272.00 |
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Paramount Realty II, Inc./108-114 Mt. Pleasant Ave./521/47/North/$400,000/2011/-$1,331.20 |
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Paramount Realty II, Inc./108-114 Mt. Pleasant Ave./521/47/North/$400,000/2012/-$1,380.80 |
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Paulin Realty Assoc., LLC/158-168 Frelinghuysen Ave./2780/26/South/$972,000/2010/-$3,211.80 |
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Paulin Realty Assoc., LLC/158-168 Frelinghuysen Ave./2780/26/South/$972,000/2011/-$3,361.28 |
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Pereira, Jorge & Dolores/215-217 North 12th St./1944.01/43/North/$213,700/2010/-$594.66 |
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Pereira, Jorge & Dolores/215-217 North 12th St./1944.01/43/North/$213,700/2011/-$622.34 |
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Reco Nelson, LLC/242-260 Thomas Street/1161/14/East/$1,000,000/2012/-$3,180.00 |
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Reco Nelson, LLC/242-260 Thomas Street/1161/14/East/$1,000,000/2011/-$3,328.00 |
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Reco Nelson, LLC/242-260 Thomas Street/1161/14/East/$925,000/2010/-$863.00 |
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R.T.P., LLC/233-239 McWhorter Street/921/1.01/East/$179,700/2010/$0.00 |
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R.T.P., LLC/233-239 McWhorter Street/921/1.01/East/$179,700/2011/$0.00 |
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R.T.P., LLC/233-239 McWhorter Street/921/1.01/East/$179,700/2012/$0.00 |
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R.T.P., LLC/225-231 McWhorter Street/921/1.02/East/$1,086,200/2010/-$10,290.48 |
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R.T.P., LLC/225-231 McWhorter Street/921/1.02/East/$1,086,200/2011/-$10,762.75 |
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R.T.P., LLC/225-231 McWhorter Street/921/1.02/East/$1,086,200/2012/-$11,163.77 |
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S & N / Schwartz & Nagle, Inc./79-81 Pointer Street/2790/15/South/$171,000/2010/-$1,590.00 |
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S & N / Schwartz & Nagle, Inc./79-81 Pointer Street/2790/15/South/$171,000/2011/-$1,664.00 |
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S & N / Schwartz & Nagle, Inc./79-81 Pointer Street/2790/15/South/$171,000/2012/-$1,726.00 |
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S & N / Schwartz & Nagle, Inc./86-88 Frelinghuysen Avenue/2790/19/South/$136,700/2010/-$1,167.06 |
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S & N / Schwartz & Nagle, Inc./86-88 Frelinghuysen Avenue/2790/19/South/$136,700/2011/-$1,221.38 |
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S & N / Schwartz & Nagle, Inc./86-88 Frelinghuysen Avenue/2790/19/South/$136,700/2012/-$1,266.88 |
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Schwartz & Nagle Co./82-84 Vanderpool Street/2790/25/South/$180,600/2010/-$2,563.08 |
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Schwartz & Nagle Co./82-84 Vanderpool Street/2790/25/South/$180,600/2011/-$2,682.37 |
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Schwartz & Nagle Co./82-84 Vanderpool Street/2790/25/South/$180,600/2012/-$2,782.31 |
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Thomas Street Realty Corp./262-268 Thomas Street/1161/24/East/$321,100/2011/-$3,993.60 |
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Thomas Street Realty Corp./262-268 Thomas Street/1161/24/East/$321,100/2012/-$4,142.40 |
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Thomas Street Realty Corp./270-272 Thomas Street/1161/28/East/$358,900/2011/-$3,328.00 |
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Thomas Street Realty Corp./270-272 Thomas Street/1161/28/East/$358,900/2012/-$3,452.00 |
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World Properties of New Jersey/85-117 East Peddie Street/2755/37/South/$1,004,900/2010/-$6,360.00 |
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World Properties of New Jersey/85-117 East Peddie Street/2755/37/South/$1,004,900/2011/-$6,656.00 |
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World Properties of New Jersey/119 East Peddie Street/2755/62/South/$555,100/2010/$0.00 |
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World Properties of New Jersey/119 East Peddie Street/2755/62/South/$555,100/2011/$0.00 |
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Sumo Realty, Inc./2-16 Wheeler Point Road/1095/1/East/$863,300/2008/-$11,227.68 |
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Weissman Realty, LLC/16 Herbert Street/5030/80/East/$7,660,500/2009/-$18,091.10 |
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Weissman Realty, LLC/16 Herbert Street/5030/80/East/$7,660,500/2010/-$21,003.90 |
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Weissman Realty, LLC/16 Herbert Street/5030/80/East/$7,660,500/2011/-$30,301.44 |
Additional Information:
Total Tax Difference: -$275,719.56
Invitation: Corporation Counsel, July 8, 2014
Deferred 7R5-j 070914
body
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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