File #: 12-2022    Version: 1 Name: Stipulation of Settlement - Tax Appeals (7 Properties)
Type: Resolution Status: Filed
File created: 10/4/2012 In control: Finance
On agenda: 3/20/2013 Final action: 3/20/2013
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) 9 East Federal Street, LLC/168 Schuyler Avenue/3626/26/South/$116,300/2011/-$332.80 9 East Federal Street, LLC/168 Schuyler Avenue/3626/26/South/$116,300/2012/-$345.20 Costa, Marta/185-187 Astor Street/1182/51.02/East/$480,600/2011/-$5,940.48 Costa, Marta/185-187 Astor Street/1182/51.02/East/$480,600/2012/-$6,161.82 DePinho, Jose/30 1/2 Komorn Street/2077/47/East/$240,000/2011/-$2,329.60 Glass, Lisa & Atterman, Hannah S./61-63 Ridgewood Avenue/2680/5.02/South/$290,000/2011/-$1,331.20 Glass, Lisa & Atterman, Hannah S./61-63 Ridgewood Avenue/2680/5.02/South/$290,000/2012/-$1,380.80 Henriques, John/13 Goble Street/1164/3/East/$400,100/2011/-$3,331.33 Henriques, John/13 Goble Street/1164/3/East/$400,100/2012/-$3,455.45 Infantas, Lana Luchia et al./390 Lincoln Avenue...
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)
9 East Federal Street, LLC/168 Schuyler Avenue/3626/26/South/$116,300/2011/-$332.80
9 East Federal Street, LLC/168 Schuyler Avenue/3626/26/South/$116,300/2012/-$345.20
Costa, Marta/185-187 Astor Street/1182/51.02/East/$480,600/2011/-$5,940.48
Costa, Marta/185-187 Astor Street/1182/51.02/East/$480,600/2012/-$6,161.82
DePinho, Jose/30 1/2 Komorn Street/2077/47/East/$240,000/2011/-$2,329.60
Glass, Lisa & Atterman, Hannah S./61-63 Ridgewood Avenue/2680/5.02/South/$290,000/2011/-$1,331.20
Glass, Lisa & Atterman, Hannah S./61-63 Ridgewood Avenue/2680/5.02/South/$290,000/2012/-$1,380.80
Henriques, John/13 Goble Street/1164/3/East/$400,100/2011/-$3,331.33
Henriques, John/13 Goble Street/1164/3/East/$400,100/2012/-$3,455.45
Infantas, Lana Luchia  et al./390 Lincoln Avenue/819/2/North/$168,500/2011/-$2,279.68
Infantas, Lana Luchia  et al./390 Lincoln Avenue/819/2/North/$168,500/2012/-$2,364.62
Rei, Augusto/35 Lexington Street/2020/14.10/East/$427,800/2011/-$5,251.58
Rei, Augusto/35 Lexington Street/2020/14.10/East/$427,800/2012/-$5,447.26
Additional Information:  
Total Tax Difference: -$39,951.82
Invitation: Corporation Counsel, March 5, 2013
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 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 hereby authorizes the execution of a Stipulation of Settlement with regard to Tax Appeals on the seven (7) properties set forth in Schedule A.