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)
Mlk Holdings, LLC/114/19/652-658 ML King Boulevard/Central/2019/$804,200/-$68,890.24
Cottage St Orbit Acquisition, LLC/21/8/31-39 Central Avenue/Central/2017/$1,424,300/-$2,299.76
Cottage St Orbit Acquisition, LLC/21/8/31-39 Central Avenue/Central/2018/$1,424,300/-$2,385.68
Cottage St Orbit Acquisition, LLC/21/23/41-43 Central Avenue/Central/2017/$175,700/-$0.00
Cottage St Orbit Acquisition, LLC/21/23/41-43 Central Avenue/Central/2018/$175,700/-$0.00
KFC Nat Mgmt Co. C/O Star Partner/1934/35/261-263 Park Avenue/West/2018/$200,500/-$849.39
KFC Nat Mgmt Co. C/O Star Partner/1934/35/261-263 Park Avenue/West/2019/$200,500/-$865.03
KFC Nat Mgmt Co. C/O Star Partner/1934/35/261-263 Park Avenue/West/2020/$200,500/-$874.00
TLC Realty, LLC/118/33/19 Lincoln Park/Central/2018/$376,200/-$1,654.46
Yonkers Realty, LLC/306/51/472 Springfield Avenue/Central/2021/$140,000/-$709.46
373 North 5th Street, LLC/1933/59/367-371 5th Street/West/2015/$286,000/-$5,152.11
373 North 5th Street, LLC/1933/62/373-375 5th Street/West/2015/$374,200/-$7,455.18
A. Cuozzo Succ. In Int. N. Yeager/889/25/364 Mulberry Street/Central/2024/$166,600/-$950.75
A. Cuozzo Succ. In Int. N. Yeager/889/25/364 Mulberry Street/Central/2025/$166,600/-$999.75
Church of Pentecost (NJ), Inc./2658/15/545-557 Bergen Street/Central/2021/$0/-$16,347.45
Church of Pentecost (NJ), Inc./2658/15/545-557 Bergen Street/Central/2022/$0/-$16,356.21
Church of Pentecost (NJ), Inc./2658/15/545-557 Bergen Street/Central/2023/$0/-$16,321.18
Church of Pentecost (NJ), Inc./2658/15/545-557 Bergen Street/Central/2024/$0/-$16,649.53
What's Cooking?, Inc./58/15/55-57 William Street/Central/2020/$931,600/-$3,800.00
Hawthorne NJ Partner, LLC/3028/22/293-303 Hawthorne Avenue/South/2015/$2,233,200/-$6,618.00
12th Avenue Property/258/49/136-138 12th Avenue/West/2020/$400,000/-$946.20
960 Associates, LLC. /3773/20/956 Frelinghuysen Avenue/South/2022/$1,210,900/-$0.00
960 Associates, LLC. /3773/20/956 Frelinghuysen Avenue/South/2023/$1,000,000/-$7,862.35
480 Frelinghuysen, LLC/3511/1(4: B3513 L3&10)/480-500 Frelinghuysen Avenue/South/2016/$5,000,000/-$83,389.04
480 Frelinghuysen, LLC/3511/1(4: B3513 L3&10)/480-500 Frelinghuysen Avenue/South/2017/$5,000,000/-$86,297.96
Beira Corporation/944/1(2,3)/62-66 Pacific Street/East/2020/$1,195,000/-$0.00
Beira Corporation/944/1(2,3)/62-66 Pacific Street/East/2021/$1,079,700/-$0.00
Beira Corporation/944/1(2,3)/62-66 Pacific Street/East/2022/$1,079,700/-$0.00
Beira Corporation/944/1(2,3)/62-66 Pacific Street/East/2023/$1,079,700/-$0.00
Beira Corporation/944/1(2,3)/62-66 Pacific Street/East/2024/$1,079,700/-$0.00
Beira Corporation/944/1(2,3)/62-66 Pacific Street/East/2025/$895,700/-$7,358.16
Alnsons II, LLC/1976/1/252-272 Lafayette Street/East/2020/$3,100,000/-$0.00
Alnsons II, LLC/1976/1/252-272 Lafayette Street/East/2021/$2,962,600/-$0.00
Alnsons II, LLC/1976/1/252-272 Lafayette Street/East/2022/$2,962,600/-$0.00
Alnsons II, LLC/1976/1/252-272 Lafayette Street/East/2023/$2,962,600/-$0.00
Alnsons II, LLC/1976/1/252-272 Lafayette Street/East/2024/$2,962,600/-$0.00
Alnsons II, LLC/1976/1/252-272 Lafayette Street/East/2025/$2,278,200/-$27,369.16
Darling International, Inc./5070/49/787-799 Wilson Avenue/East/2021/$4,420,000/-$0.00
Darling International, Inc./5070/49/787-799 Wilson Avenue/East/2022/$4,420,000/-$0.00
Darling International, Inc./5070/49/787-799 Wilson Avenue/East/2023/$4,420,000/-$0.00
Darling International, Inc./5070/49/787-799 Wilson Avenue/East/2024/$4,000,000/-$15,972.60
Darling International, Inc./5070/49/787-799 Wilson Avenue/East/2025/$3,600,000/-$32,791.80
449 Orange, LLC/1909/28/449 Orange Street/West/2023/$254,500/-$0.00
449 Orange, LLC/1909/28/449 Orange Street/West/2024/$200,000/-$2,072.64
449 Orange, LLC/1909/28/449 Orange Street/West/2025/$200,000/-$2,179.46
Valcari Equities, LLC/1888/26(27,28)/92-96 N 6th Street/West/2024/$139,600/-$1,076.25
Yurteri Properties, LLC/851/41/139-151 Manchester Place/North/2025/$1,200,000/-$23,994.00
Chamba-Sarango, Lucela & Quezada, P./703/61/471-475 Delavan Avenue/North/2024/$304,600/-$387.91
Additional Information:
Total refunds: $460,875.71
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Invitation: Corporation Counsel (date - to be entered by Clerk’s Office)
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, May 2026 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 be and is hereby authorized to execute a Stipulation of Settlement with regard to certain properties as set forth in Schedule A, May 2026 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, May 2026 Refunds.