File #: 24-1143    Version: 1 Name: Stipulation of Settlement for Tax Appeals August 2024 Refunds
Type: Resolution Status: Adopted
File created: 8/12/2024 In control: Finance
On agenda: 9/5/2024 Final action: 9/5/2024
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) Bio-Medical Applications of New Jersey, Inc.; 250 South Street, LLC/951/53/248 South Street/East/2018/$2,868,600/-$0.00 Bio-Medical Applications of New Jersey, Inc.; 250 South Street, LLC/951/53/248 South Street/East/2019/$2,050,000/-$30,787.55 Bio-Medical Applications of New Jersey, Inc.; 250 South Street, LLC/951/53/248 South Street/East/2020/$2,050,000/-$31,106.80 Bio-Medical Applications of New Jersey, Inc.; 250 South Street, LLC/951/53/248 South Street/East/2021/$2,050,000/-$30,566.52 Bio-Medical Applications of New Jersey, Inc.; 250 South Street, LLC/951/53/248 South Street/East/2022/$1,700,000/-$43,658.90 Branch Brook Auto Top Co., Inc./1932/13/298-302 4th Street/Central/2020/$314,100/-$1,934.20 Dwight Cap Newark, LLC/473/40/139-157 7th Avenue/Central/2017/$3,001,1...

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)

Bio-Medical Applications of New Jersey, Inc.; 250 South Street, LLC/951/53/248 South Street/East/2018/$2,868,600/-$0.00

Bio-Medical Applications of New Jersey, Inc.; 250 South Street, LLC/951/53/248 South Street/East/2019/$2,050,000/-$30,787.55

Bio-Medical Applications of New Jersey, Inc.; 250 South Street, LLC/951/53/248 South Street/East/2020/$2,050,000/-$31,106.80

Bio-Medical Applications of New Jersey, Inc.; 250 South Street, LLC/951/53/248 South Street/East/2021/$2,050,000/-$30,566.52

Bio-Medical Applications of New Jersey, Inc.; 250 South Street, LLC/951/53/248 South Street/East/2022/$1,700,000/-$43,658.90

Branch Brook Auto Top Co., Inc./1932/13/298-302 4th Street/Central/2020/$314,100/-$1,934.20

Dwight Cap Newark, LLC/473/40/139-157 7th Avenue/Central/2017/$3,001,100/-$15,090.84

Dwight Cap Newark, LLC/473/40/139-157 7th Avenue/Central/2018/$3,001,100/-$15,654.63

Dwight Cap Newark, LLC/473/40/139-157 7th Avenue/Central/2019/$3,001,100/-$15,942.88

Dwight Cap Newark, LLC/473/40/139-157 7th Avenue/Central/2020/$3,001,100/-$16,108.20

Dwight Cap Newark, LLC/473/40/139-157 7th Avenue/Central/2021/$3,001,100/-$0.00

Dwight Cap Newark, LLC/473/40/139-157 7th Avenue/Central/2022/$3,001,100/-$0.00

Elisa Herr, Edward Schoenfeld/671/5/214-220 Ballantine Parkway/North/2019/$475,000/-$3,655.69

Elisa Herr, Edward Schoenfeld/671/5/214-220 Ballantine Parkway/North/2020/$474,900/-$0.00

Elisa Herr; Edward Schoenfeld/671/5/214-220 Ballantine Parkway/North/2020/$474,900/-$0.00

Elisa Herr; Edward Schoenfeld/671/5/214-220 Ballantine Parkway/North/2021/$474,900/-$0.00

Elisa Herr; Edward Schoenfeld/671/5/214-220 Ballantine Parkway/North/2022/$425,000/-$1,864.26

Emmanuel Ehize/352/10/625-627 S. 19th Street/West/2018/$205,000/-$2,322.90

Emmanuel Ehize/352/10/625-627 S. 19th Street/West/2019/$205,000/-$2,365.67

Emmanuel Ehize/352/10/625-627 S. 19th Street/West/2020/$205,000/-$2,390.20

Emmanuel Ehize/352/10/625-627 S. 19th Street/West/2021/$205,000/-$2,348.69

First National State Bank of NJ/594/6/416-422 Bloomfield Avenue/North/2019/$2,448,400/-$13,223.68

Fiske Brothers Refining Co./2421/1(26)/101-115 Lister Avenue/East/2015/$2,902,100/-$0.00

Fiske Brothers Refining Co./2421/1(26)/101-115 Lister Avenue/East/2016/$2,902,100/-$0.00

Fiske Brothers Refining Co./2421/1(26)/101-115 Lister Avenue/East/2017/$2,902,100/-$0.00

Fiske Brothers Refining Co./2421/1(26)/101-115 Lister Avenue/East/2018/$2,250,000/-$24,082.05

Fiske Brothers Refining Co./2421/1(26)/101-115 Lister Avenue/East/2019/$2,250,000/-$24,525.48

Fiske Brothers Refining Co./2421/1(26)/101-115 Lister Avenue/East/2020/$2,250,000/-$24,779.80

FSG Mazel LLC/973/10(16,18,39)/119-137 Clifford Street/East/2018/$3,000,000/-$0.00

FSG Mazel LLC/973/10(16,18,39)/119-137 Clifford Street/East/2019/$3,000,000/-$15,044.00

Gallery Lofts LLC/1791/28/509-511 South Orange Avenue/West/2020/$450,000/-$3,040.00

GEE-EL-DEE INC./678/1/519-523 Broadway/North/2017/$625,000/-$0.00

GEE-EL-DEE INC./678/1/519-523 Broadway/North/2018/$600,000/-$923.25

GEE-EL-DEE INC./678/1/519-523 Broadway/North/2019/$600,000/-$940.25

GEE-EL-DEE INC./678/1/519-523 Broadway/North/2020/$625,000/-$0.00

Genud, Naftali/3558/26/378-380 Hillside Avenue/South/2018/$245,000/-$1,672.93

Genud, Naftali/3558/26/378-380 Hillside Avenue/South/2019/$245,000/-$1,703.73

Gil, Sabino J & Ligia/600/30/165 1st Avenue/North/2018/$210,000/-$1,713.55

Gil, Sabino J & Ligia/600/30/165 1st Avenue/North/2019/$210,000/-$1,745.10

Gillette Place LLC/2817/33/34-36 Gillette Place/East/2017/$681,000/-$3,517.28

Gillette Place LLC/2817/33/34-36 Gillette Place/East/2018/$725,000/-$2,023.76

Gillette Place LLC/2817/33/34-36 Gillette Place/East/2019/$779,800/-$0.00

Gillette Place LLC/2817/33/34-36 Gillette Place/East/2020/$779,800/-$0.00

Gonzalez, Rene/1931/1.01/256 Park Avenue/Central/2017/$300,000/-$2,356.72

Gonzalez, Rene/1931/1.01/256 Park Avenue/Central/2018/$300,000/-$2,444.77

Gordon, Raymond M. & S. Rose/685/23/510-512 Ridge Street/North/2019/$225,000/-$2,339.34

Hamilton Court, LLC/194/42/97-101 Hamilton Street/East/2015/$250,000/-$4,434.06

Hamilton Court, LLC/194/1/51-57 McWhorter Street/East/2015/$250,000/-$2,051.58

Hawthorne Capital Li/3578/44/148- Hawthorne Avenue/South/2018/$163,000/-$1,972.06

Hawthorne Capital Li/3578/44/148- Hawthorne Avenue/South/2019/$216,400/-$0.00

Helena Oliveira/958/66/82 Nichols Street/East/2015/$390,000/-$1,452.65

Helena Oliveira/958/66/82 Nichols Street/East/2016/$390,000/-$1,510.16

Helena Oliveira/958/66/82 Nichols Street/East/2017/$390,000/-$0.00

Helena Oliveira/958/66/82 Nichols Street/East/2018/$390,000/-$0.00

Helena Oliveira/958/66/82 Nichols Street/East/2019/$390,000/-$0.00

Helena Oliveira/958/66/82 Nichols Street/East/2020/$325,000/-$2,470.00

Hermes Louro et al/590/20/172-174 N. 10th Street/North/2017/$247,800/-$356.00

Hermes Louro et al/590/20/172-174 N. 10th Street/North/2018/$247,800/-($62.78)

Hertz Realty Corp/5078.03/85/21-93 Firmenich Way/East/2018/$6,778,600/-$38,071.14

Hertz Realty Corp/5078.03/85/21-93 Firmenich Way/East/2019/$6,778,600/-$38,772.15

Hertz Realty Corp/5078.03/92/940-964 Doremus Avenue/East/2018/$721,400/-$0.00

Hertz Realty Corp/5078.03/92/940-964 Doremus Avenue/East/2019/$721,400/-$0.00

HG 270 Washington LLC/60/3/270 Washington Street (Lot 3 merged into Lot 5 2023)/Central/2022/$200,000/-$2,802.00

Hipatia Navas/612/8/104-108 Wakeman Avenue/North/2015/$1,211,400/-$0.00

Hipatia Navas/612/8/104-108 Wakeman Avenue/North/2016/$1,211,400/-$0.00

Hipatia Navas/612/8/104-108 Wakeman Avenue/North/2017/$1,211,400/-$0.00

Hipatia Navas/612/8/104-108 Wakeman Avenue/North/2018/$1,150,000/-$0.00

Hipatia Navas/612/8/104-108 Wakeman Avenue/North/2019/$1,070,000/-$3,008.80

Hipatia Navas/612/8/104-108 Wakeman Avenue/North/2020/$1,070,000/-$3,040.00

Houman Payami/522/48/122 Broad Street/North/2020/$387,600/-$0.00

Houman Payami/522/48/122 Broad Street/North/2021/$325,000/-$2,337.48

Houman Payami/522/48/122 Broad Street/North/2022/$325,000/-$2,338.74

Hunterdon 816 LLC; Obinna Okafor/3579/4/816 Hunterdon Street/South/2018/$120,000/-$2,160.41

Hunterdon 816 LLC; Obinna Okafor/3579/4/816 Hunterdon Street/South/2019/$218,400/-$0.00

Hunterdon 816 LLC; Obinna Okafor/3579/4/816 Hunterdon Street/South/2020/$218,400/-$0.00

Hunterdon Capital LLC/3579/3/818 Hunterdon Street/South/2016/$248,400/-$0.00

Hunterdon Capital LLC/3579/3/818 Hunterdon Street/South/2017/$200,000/-$1,723.04

Hunterdon Capital LLC/3579/3/818 Hunterdon Street/South/2018/$200,000/-$1,787.41

Igreja Evangelica Canaa, Inc./1163/16.01/175-177 South Street/East/2016/$900,000/-$860.00

Igreja Evangelica Canaa, Inc./1163/16.01/175-177 South Street/East/2017/$835,000/-$3,204.00

Igreja Evangelica Canaa, Inc./1163/16.01/175-177 South Street/East/2018/$800,000/-$4,616.25

Igreja Evangelica Canaa, Inc./1163/16.01/175-177 South Street/East/2019/$800,000/-$4,701.25

Igreja Evangelica Canaa, Inc./1163/16.01/175-177 South Street/East/2020/$800,000/-$4,750.00

IHC Rlty Part v. Newark/150.02/162/C1101/11-43 Raymond Plaza West/East/2018/$13,530,300/-$116,329.50

IHOP Property, LLC/260/1.02/101-117 Bergen Street/West/2018/$1,605,300/-$0.00

IHOP Property, LLC/260/1.02/101-117 Bergen Street/West/2019/$1,500,000/-$3,960.33

IHOP Property, LLC/260/1.02/101-117 Bergen Street/West/2020/$1,375,000/-$0.00

AMB Liberty, LLC c/o Prologis/5090/75/158-178 Mt. Oliver Avenue/South/2018/$11,408,200/-$75,001.14     

Additional Information: 

Total refunds: $665,520.99

 

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, August 2024 Refunds; 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, or his designee (“Outside 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, or his designee, be and is hereby authorized to execute a Stipulation of Settlement with regard to certain properties as set forth in Schedule A, August 2024 Refunds, 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 Director of Finance.

                     

STATEMENT

 

This resolution authorizes the Corporation Counsel, or his designee, to execute a Stipulation of Settlement with regard to Tax Appeals on certain properties set forth in Schedule A, August 2024 Refunds.