File #: 10-1038    Version: 1 Name:
Type: Resolution Status: Adopted
File created: 7/20/2010 In control: Finance
On agenda: 8/4/2010 Final action: 8/4/2010
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 109 Monroe LLC/ 109-113 Monroe Street/ 1986/18.01/East/$985,000/2008/$3,508.65 109 Monroe LLC/ 109-113 Monroe Street/ 1986/18.01/East/$900,000/2009/$2,054.25 438 McCarter LLC/1374-1398 McCarter Highway/ 438/1.02/Central/$956,400/2007/$2,649.36 438 McCarter LLC/1374-1398 McCarter Highway/ 438/1.02/Central/$956,400/2008/$4,064.83 438 McCarter LLC/1374-1398 McCarter Highway/ 438/1.02/Central/$956,400/2009/$5,653.29 Amerada Hess Corporation/ 639-653 McCarter Highway/876/21/East/$893,700/2008/$2,318.30 Amerada Hess Corporation/ 639-653 McCarter Highway/876/21/East/$893,700/2009/$8,044.44 Celtic Properties Management LLC/58-60 New Street/65-9 Central/$427,800/2008/$2,599.00 Celtic Properties Management LLC/58-60 New Street/65-9 Central/$427,800/2009/$2,739.00 Celtic Properties Man...

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

109 Monroe LLC/ 109-113 Monroe Street/ 1986/18.01/East/$985,000/2008/$3,508.65

109 Monroe LLC/ 109-113 Monroe Street/ 1986/18.01/East/$900,000/2009/$2,054.25

438 McCarter LLC/1374-1398 McCarter Highway/ 438/1.02/Central/$956,400/2007/$2,649.36

438 McCarter LLC/1374-1398 McCarter Highway/ 438/1.02/Central/$956,400/2008/$4,064.83

438 McCarter LLC/1374-1398 McCarter Highway/ 438/1.02/Central/$956,400/2009/$5,653.29

Amerada Hess Corporation/ 639-653 McCarter Highway/876/21/East/$893,700/2008/$2,318.30

Amerada Hess Corporation/ 639-653 McCarter Highway/876/21/East/$893,700/2009/$8,044.44

Celtic Properties Management LLC/58-60 New Street/65-9 Central/$427,800/2008/$2,599.00

Celtic Properties Management LLC/58-60 New Street/65-9 Central/$427,800/2009/$2,739.00

Celtic Properties Management LLC/58-60 New Street/65-9 Central/$427,800/2010/$2,739.00

Charity, Aaron et al/165-169 Clinton Ave/2588/20/Central/$2,340,000/2008/$13,644.75

Comgar Limited Partnership/111 Mulberry Street/147.01/1.25/C1Y/East/$2,200,000/2008/$3,118.80

Comgar Limited Partnership/111 Mulberry Street/147.01/1.25/C1Y/East/$2,200,000/2009/$8,217.00

Faitoute Steel Co. Inc. et al/182-188 Frelinghuysen Ave/2755/4/South/$744,100/2008/$8,568.90

Faitoute Steel Co. Inc. et al/190-196 Frelinghuysen Ave/2755/7/South/$1,125,500/2008/$8,064.69

Fergo LLC/47 Evergreen Avenue/3754/17/South /$309,200/2007/$2,567.19

Glopak Corp./286-302 South Street/952/1/East/$2,085,000/2008/$10,006.15

Glopak Corp./286-302 South Street/952/1/East/$2,085,000/2009/$13,284.15

Lenray Inc./337-351 Sherman Avenue/3546/76/South/$2,240,000/2009/$6,573.60

Musa Newark, LLC/190-196 Frelinghuysen Ave/2755/7/South/$1,125,500/2009/$11,101.16

Musa Newark, LLC/182-188 Frelinghuysen Ave/2755/4/South/$744,100/2009/$11,632.53

Rivera Hotel Corp./165-169 Clinton Avenue/2588/20/Central/$2,340,000/2009/$18,899.10

Roseville Ave Realty Assoc./336-342 Roseville Ave/1946.01/25/West/$1,000,000/2009/$2,054.25

Roseville Ave Realty Assoc./328-330 Roseville Ave/1946.01/31/West/$8,000,000/2009/$2,054.25

Wachovia Bank NA/988-990 S. Orange Avenue/4114/4&5/West/$788,500/2009/$2,054.25

Total: $158,210.90

Additional Information:  N/A

Invitation: Corporation Counsel, August 3, 2010