Title
FINANCE
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)
High Park Terrace Cooperative Corp./86-148 Prince Street/2514/1/Central/$6,900,000/2013/-$90,556.70
High Park Terrace Cooperative Corp./26-56 Muhammad Ali Avenue/2586/1/Central/$3,900,000/2013/-$51,187.30
347 Park Ave. LLC/223-229 Shephard Avenue/3625/17/South/$1,232,500/2013/-$13,362.33
347 Park Ave. LLC/223-229 Shephard Avenue/3625/17/South/$1,232,500/2014/-$14,032.03
CSS Realty Partnership/230-256 Ridgewood Avenue/2719/51/South/$2,500,000/2010/-$6,360.00
CSS Realty Partnership/230-256 Ridgewood Avenue/2719/51/South/$2,500,000/2011/-$6,656.00
CSS Realty Partnership/230-256 Ridgewood Avenue/2719/51/South/$2,500,000/2012/-$6,904.00
Graifman, Carole/55-71 Riverside Avenue Rear/614/70/North/$283,600/2008/-$2,172.76
Graifman, Carole/55-71 Riverside Avenue Rear/614/70/North/$283,600/2009/-$2,289.80
Graifman, Carole/55-71 Riverside Avenue Rear/614/70/ North/$283,600/2010/-$2,658.48
Graifman, Carole /55-71 Riverside Avenue Rear/ 614/70/ North /$283,600/2011/-$2,782.21
Verizon New Jersey Inc./650-692 Market Street/2013/East/34/$2,911,500/2009/-$16,376.48
Verizon New Jersey Inc./650-692 Market Street/2013/34/East/$2,911,500/2010/-$26,184.12
Verizon New Jersey Inc./650-692 Market Street/2013/34/East/$2,911,500/2011/-$18,690.05
Verizon New Jersey Inc./538-546 Broad Street/24/29/Central/$31,240,000/2009/-$216,454.95
Verizon New Jersey Inc./538-546 Broad Street/24/29/Central/$31,240,000/2010/-$262,747.50
Verizon New Jersey Inc./538-546 Broad Street/24/29/Central/$31,240,000/2011/-$302,039.30
Penn Federal Savings Bank/198 Jefferson Street/960/3/East/$586,300/2009/$0.00
Penn Federal Savings Bank/198 Jefferson Street/960/3/East/$586,300/2010/$0.00
Penn Federal Savings Bank/198 Jefferson Street/960/3/Est/$586,300/2011/-$2,040.06
Penn Federal Savings Bank/198 Jefferson Street/960/3/East/$586,300/2012/-$2,116.08
Two JNK Corp./800-804 Broad Street/164/1/East/$2,880,000/2008/-$4,678.20
Two JNK Corp./800-804 Broad Street/164/1/East/$2,880,000/2009/-$4,930.20
Two JNK Corp./800-804 Broad Street/164/1/East/$2,880,000/2010/-$5,724.00
Two JNK Corp./800-804 Broad Street/164/1/East/$2,880,000/2011/-$5,990.40
Two JNK Corp./800-804 Broad Street/164/1/East/$2,880,000/2012/-$6,213.60
Ramos & Santos V/133 Tichenor Street/926/40/East/$241,100/2011/-$1,367.81
Ramos & Santos V/133 Tichenor Street/926/40/East/$241,100/2012/-$1,418.77
Har Ste Realty/32-34 William Street/94/1/Central/$335,000/2008/-$909.65
Har Ste Realty/32-34 William Street/94/1/Central/$335,000/2010/-$1,113.00
Aero General/65-67 Jackson Street/2000/28/East/$600,000/2011/-$1,664.00
Norpak Corp./96-126 Roanoke Avenue/5005/4/East/$600,000/2010/-$11,130.00
Norpak Corp./96-126 Roanoke Avenue/5005/4/East/$600,000/2011/-$11,648.00
Norpak Corp./96-126 Roanoke Avenue/5005/4/East/$600,000/2012/-$12,082.00
Langzhou, Song/182 Malvern Street/1128/24/East/$286,200/2012/-$3,286.30
566 Broadway Associates, LLC/566 Broadway/679/39/North/$190,900/2011/-$529.15
566 Broadway Associates, LLC/566 Broadway/679/39/North/$190,900/2012/-$548.87
Mytrowitz, John & George/585-591 McCarter Highway/887/6/Central/$984,500/2013/-$6,924.79
Mytrowitz, John & George/585-591 McCarter Highway/887/6/Central/$984,500/2014/-$7,271.85
Mytrowitz, John & George/597-603 McCarter Highway/879/19/Central/$867,200/2013/-$6,413.92
Mytrowitz, John & George/597-603 McCarter Highway/879/19/Central/$867,200/2014/-$6,735.37
Con-way Freight Inc./280-300 Port Street/5082/98/East/$6,289,400/2012/-$25,524.09
109 Monroe LLC/109-113 Monroe Street/1986/18.01/East/$900,000/2010/-$2,385.00
109 Monroe LLC/109-113 Monroe Street/1986/18.01/East/$825,000/2011/-$2,496.00
109 Monroe LLC/109-113 Monroe Street/1986/18.01/East/$825,000/2012/-$3,452.00
Urban Living LLC/503-505 15th Avenue/288/26.03/Central/$373,900/2009/-$1,202.42
Urban Living LLC/503-505 15th Avenue/288/26.03/Central/$373,900/2010/-$1,396.02
Urban Living LLC/503-505 15th Avenue/288/26.03/Central/$373,900/2011/-$1,460.99
Urban Living LLC/503-505 15th Avenue/288/26.03/Central/$373,900/2012/-$1,515.43
Jac & Jac Inc./185-201 NJ RR Avenue/917/1.01/East/$1,000,000/2010/-$6,360.00
Jac & Jac Inc./185-201 NJ RR Avenue/917/1.01/East/$1,000,000/2011/-$6,656.00
Jac & Jac Inc./185-201 NJ RR Avenue/917/1.01/East/$1,000,000/2012/-$6,904.00
Jac & Jac Inc./12 Garden Street/917/1.02/East/$153,600/2010/-$1,704.48
Jac & Jac Inc./12 Garden Street/917/1.02/East/$153,600/2011/-$1,783.81
Jac & Jac Inc./12 Garden Street/917/1.02/East/$153,600/2012/-$1,850.27
137 E. Kinney Associates LLC/137 E. Kinney Street/918/26.05/East/$378,800/2011/-$1,624.06
Saint Barnabus Realty Dev. Corp./251 Lyons Avenue/3631/14/South/$180,000/2012/-$863.00
149-151 Scheerer Associates LLC a/k/a Mount Prospect Properties/149-151 Scheerer Avenue/3666/84/South/$165,900/2011/-$499.20
149-151 Scheerer Associates LLC a/k/a Mount Prospect Properties/149-151 Scheerer Avenue/3666/84/South/$165,900/2012/-$517.80
149-151 Scheerer Associates LLC a/k/a Mount Prospect Properties/149-151 Scheerer Avenue/3666/84/South/$177,800/2013/$0.00
280 Wilson Avenue Associates, LLC/262-292 Wilson Avenue/5038/64.02/East/$3,835,900/2009/-$21,936.65
280 Wilson Avenue Associates, LLC/262-292 Wilson Avenue/5038/64.02/East/$3,835,900/2010/-$25,468.62
280 Wilson Avenue Associates, LLC/262-292 Wilson Avenue/5038/64.02/East/$3,835,900/2011/-$26,653.95
280 Wilson Avenue Associates, LLC/262-292 Wilson Avenue/5038/64.02/East/$3,835,900/2012/-$27,647.07
26 Hobson Associates, LLC/26 Hobson Street/3059/33/South/$75,000/2009/$0.00
26 Hobson Associates, LLC/26 Hobson Street/3059/33/South/$75,000/2010/-$954.00
26 Hobson Associates, LLC/26 Hobson Street/3059/33/South/$75,000/2011/-$998.40
26 Hobson Associates, LLC/26 Hobson Street/3059/33/South/$75,000/2012/-$1,035.60
115 Hudson Project, LLC/115 Hudson Street/430/9.06/Central/$500,000/2012/-$4,660.20
Aptekar, Irving & Steven/76-78 Finlay Place/4189/15/ West/$175,800/2010/-$661.44
Aptekar, Irving & Steven/76-78 Finlay Place/4189/15/ West/$175,800/2011/-$692.22
Aptekar, Irving & Steven/76-78 Finlay Place/ 4189/15/ West/$175,800/2012/-$718.02
Aptekar, Irving & Steven/32-34 Kenmore Avenue/4187/28/ West/$191,800/2010/-$931.74
Aptekar, Irving & Steven/32-34 Kenmore Avenue/4187/28/ West/$191,800/2011/-$975.10
Aptekar, Irving & Steven/32-34 Kenmore Avenue/4187/28/ West/$191,800/2012/-$1,011.44
Bustemante, Denise/ 55 Hartford Street/ 429/52.02/ Central/$235,800/2012/-$1,063.22
Capital Investment Group 239, LLC/ 239 Lehigh Avenue/ 3629/4/South/$307,800/2012/-$2,858.26
Carrion, Angela/175 First Avenue/600/35/North/$144,100/2011/-$968.45
Carrion, Angela/175 First Avenue/600/35/North/$144,100/2012/-$1,004.53
Davis, Leroy Jr./51-53 Holland Street/306/25.01/Central/$356,400/2010/-$2,111.52
Davis, Leroy Jr./51-53 Holland Street/306/25.01/Central/$356,400/2011/-$2,209.79
Davis, Leroy Jr./51-53 Holland Street/306/25.01/Central/$356,400/2012/-$2,292.13
Mag Builders, LLC/91 Willoughby Street/3054/25/South/$89,300/2010/-$295.74
Mag Builders, LLC/91 Willoughby Street/3054/25/South/$89,300/2011/-$309.50
Mag Builders, LLC/91 Willoughby Street/3054/25/South/$89,300/2012/-$321.04
Quintas, Elizabeth/67 Marne Street/2074/65/East/$237,100/2011/-$2,685.70
Rajram, Shamwattie & Kissoondai/626 Fourth Street/599/10/North/$296,600/2011/-$3,281.41
Rajram, Shamwattie & Kissoondai/626 Fourth Street/599/10/North/$296,600/2012/-$3,403.67
Ramos S. & Santos V./133 Tichenor Street/926/40/East/$241,100/2011/-$1,367.81
Rivera, Maria & Carlos/ 91 Manchester Place/ 806/50/North/$272,700/2010/-$954.00
Rivera, Maria & Carlos/ 91 Manchester Place/ 806/50/North/$272,700/2012/-$1,474.00
Monroe Lafayette LLC/274-280 Lafayette Street/1977/1/$3,155,600/2009/-$33,958.12
Monroe Lafayette LLC/274-280 Lafayette Street/1977/1/$3,155,600/2010/-$39,425.64
Monroe Lafayette LLC/274-280 Lafayette Street/1977/1/$3,155,600/2011/-$41,260.54
Monroe Lafayette LLC/274-280 Lafayette Street/1977/1/$3,155,600/2012/-$42,797.90
Pathmark Inc. et al. (TTA of Owner)/ 269-279 Ferry Street/ 2040/1/East/$8,143,000/2009/-$51,849.27
Pathmark Inc. et al. (TTA of Owner)/ 269-279 Ferry Street/ 2040/1/East/$8,143,000/2010/-$60,197.40
Ironbound Plaza Urban Renewal/269-279 Ferry Street/ 2040/1/East/$7,750,000/2011/-$49,920.00
Ironbound Plaza Urban Renewal/269-279 Ferry Street/ 2040/1/East/$7,750,000/2012/-$51,780.00
Salahuddin, Ronald/ 377-383 Clinton Place/ 3715/1/South/$1,013,800/2013/-$10,996.97
Salahuddin, Ronald/ 377-383 Clinton Place/ 3715/1/South/$1,013,800/2014/-$11,548.12
Additional Information:
Total Tax Difference: -$1,749,063.78
Invitation: Corporation Counsel, August 4, 2015
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 submitted by 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.
3. The Tax Collector shall verify the person, entity, address (including block and lot) against tax records upon time of refund.
STATEMENT
This resolution authorizes the execution of a Stipulation of Settlement with regard to Tax Appeals on properties set forth in Schedule A.