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File #:
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14-0577
Version:
1
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Name:
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Stipulation of Settlements for Tax Appeals
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Type:
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Resolution
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Status:
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Returned to Administration
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File created:
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4/16/2014
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In control:
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Finance
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On agenda:
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7/9/2014
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Final action:
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7/14/2014
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Title:
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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)
108-112 Wilson Avenue, LLC/108-112 Wilson Avenue/1004/1/East/$1,213,300/2012/-$3,452.00
128 Bloomfield Avenue, LLC/124-128 Bloomfield Avenue/511/2/North/$206,300/2012/-$390.08
128 Bloomfield Avenue, LLC/124-128 Bloomfield Avenue/511/2/North/$281,900/2013/-$1,387.30
151 Parker Street, LLC/151-153 Parker Street/508/52/North/$410,200/2012/-$4,321.90
Apex Mortgage Corp./526-530 South Fourteenth Street/331/33/Central/$345,800/2011/-$1,524.22
Apex Mortgage Corp./526-530 South Fourteenth Street/331/33/Central/$345,800/2012/-$1,581.02
Bierman, Monroe/461-467 Springfield Avenue/2608/20/Central/$348,100/2011/-$1,600.77
Bierman, Monroe/461-467 Springfield Avenue/2608/20/Central/$348,100/2012/-$1,660.41
Bittner, Bryan/102-106 Avenue L/2084/22/East/$406,400/2011/-$4,372.99
Bit...
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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)
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108-112 Wilson Avenue, LLC/108-112 Wilson Avenue/1004/1/East/$1,213,300/2012/-$3,452.00 |
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128 Bloomfield Avenue, LLC/124-128 Bloomfield Avenue/511/2/North/$206,300/2012/-$390.08 |
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128 Bloomfield Avenue, LLC/124-128 Bloomfield Avenue/511/2/North/$281,900/2013/-$1,387.30 |
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151 Parker Street, LLC/151-153 Parker Street/508/52/North/$410,200/2012/-$4,321.90 |
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Apex Mortgage Corp./526-530 South Fourteenth Street/331/33/Central/$345,800/2011/-$1,524.22 |
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Apex Mortgage Corp./526-530 South Fourteenth Street/331/33/Central/$345,800/2012/-$1,581.02 |
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Bierman, Monroe/461-467 Springfield Avenue/2608/20/Central/$348,100/2011/-$1,600.77 |
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Bierman, Monroe/461-467 Springfield Avenue/2608/20/Central/$348,100/2012/-$1,660.41 |
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Bittner, Bryan/102-106 Avenue L/2084/22/East/$406,400/2011/-$4,372.99 |
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Bittner, Bryan/102-106 Avenue L/2084/22/East/$406,400/2012/-$4,535.93 |
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Bittner, Bryan/28-32 Margaretta Street/2084/45/East/$435,000/2011/-$2,828.80 |
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Bittner, Bryan/28-32 Margaretta Street/2084/45/East/$435,000/2012/-$2,934.20 |
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Byrne, Cristina R. & Santana B. et al./46 Ferry Street/178/28/East/$520,000/2011/-$2,329.60 |
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Byrne, Cristina R. & Santana B. et al./46 Ferry Street/178/28/East/$520,000/2012/-$2,416.40 |
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City National Bank of NJ/894-900 Broad Street/865/1/Central/$2,750,000/2011/-$8,320.00 |
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City National Bank of NJ/894-900 Broad Street/865/1/Central/$2,750,000/2012/-$8,630.00 |
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Correia, Maria Eliete/157-159 Adams Street/1977/15/East/$850,000/2011/-$6,656.00 |
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Correia, Maria Eliete/157-159 Adams Street/1977/15/East/$850,000/2012/-$6,904.00 |
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Dornoch Lincoln Park/24 West Kinney Place/116/3/Central/$90,200/2011/-$332.80 |
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Dornoch Lincoln Park/24 West Kinney Place/116/3/Central/$90,200/2012/-$345.20 |
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Dornoch Lincoln Park/22 West Kinney Place/116/5/Central/$96,300/2011/-$332.80 |
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Dornoch Lincoln Park/22 West Kinney Place/116/5/Central/$96,300/2012/-$345.20 |
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Dornoch Lincoln Park/18-20 West Kinney Place/116/7/Central/$102,400/2011/-$665.60 |
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Dornoch Lincoln Park/18-20 West Kinney Place/116/7/Central/$102,400/2012/-$690.40 |
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Dornoch Lincoln Park/16 West Kinney Place/116/9/Central/$63,200/2011/-$0.00 |
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Dornoch Lincoln Park/16 West Kinney Place/116/9/Central/$63,200/2012/-$0.00 |
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Dornoch Lincoln Park/395 Halsey Street/116/30/Central/$141,300/2011/-$2,096.64 |
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Dornoch Lincoln Park/395 Halsey Street/116/30/Central/$141,300/2012/-$2,174.76 |
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Dornoch Lincoln Park/397 Halsey Street/116/31/Central/$119,000/2011/-$1,447.68 |
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Dornoch Lincoln Park/397 Halsey Street/116/31/Central/$119,000/2012/-$1,501.62 |
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Dornoch Lincoln Park/399 Halsey Street/116/32/Central/$108,500/2011/-$832.00 |
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Dornoch Lincoln Park/399 Halsey Street/116/32/Central/$108,500/2012/-$863.00 |
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Dornoch Lincoln Park/401-407 Halsey Street/116/34/Central/$319,600/2011/-$6,689.28 |
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Dornoch Lincoln Park/401-407 Halsey Street/116/34/Central/$319,600/2012/-$6,938.52 |
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Dornoch Lincoln Park/10 Crawford Street/116/46/Central/$73,500/2011/-$39.94 |
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Dornoch Lincoln Park/10 Crawford Street/116/46/Central/$73,500/2012/-$41.42 |
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Dornoch Lincoln Park/12 Crawford Street/116/47/Central/$75,200/2011/-$0.00 |
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Dornoch Lincoln Park/12 Crawford Street/116/47/Central/$75,200/2012/-$0.00 |
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Dornoch Lincoln Park/14 Crawford Street/116/48/Central/$75,300/2011/-$0.00 |
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Dornoch Lincoln Park/14 Crawford Street/116/48/Central/$75,300/2012/-$0.00 |
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Dornoch Lincoln Park/16-20 Crawford Street/116/49/Central/$311,400/2011/-$6,729.22 |
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Dornoch Lincoln Park/16-20 Crawford Street/116/49/Central/$311,400/2012/-$6,979.94 |
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Eng & Flora, LLC/183 Woodside Avenue/718/54/North/$321,300/2011/-$792.06 |
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Eng & Flora, LLC/183 Woodside Avenue/718/54/North/$321,300/2012/-$821.58 |
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Eng & Flora, LLC/179-181 Woodside Avenue/718/52/North/$296,300/2011/-$792.06 |
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Eng & Flora, LLC/179-181 Woodside Avenue/718/52/North/$296,300/2012/-$821.58 |
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Essex - Newark Legal Services, Inc./728-730 Broad Street/144/3/East/$2,300,000/2011/-$8,622.85 |
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Essex - Newark Legal Services, Inc./728-730 Broad Street/144/3/East/$2,300,000/2012/-$8,944.13 |
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Figueiredo, Manuel & Ivone/383 Walnut Street/985/76/East/$324,100/2011/-$1,634.05 |
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Figueiredo, Manuel & Ivone/383 Walnut Street/985/76/East/$324,100/2012/-$1,694.93 |
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Figueiredo, Manuel & Ivone/385 Walnut Street/985/75/East/$195,600/2011/-$1,517.57 |
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Figueiredo, Manuel & Ivone/385 Walnut Street/985/75/East/$195,600/2012/-$1,574.11 |
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Greater Paterson Props. t/a Tax Lien Assignment Fund 020301/780 South 13th Street/2649/8/South/$30,000/2012/-$345.20 |
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IMG Realty, LLC/67-73 Fillmore Street/2010/50/East/$1,500,000/2012/-$10,356.00 |
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Interim Holdings, LLC/413-417 Frelinghuysen Avenue/3542/1/South/$654,900/2012/-$5,581.88 |
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Kukreja Realty, LLC/408-420 Elizabeth Avenue/3546.01/10/South/$1,200,000/2012/-$12,945.00 |
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Kukreja Realty, LLC/408-420 Elizabeth Avenue/3546.01/10/South/$1,306,800/2013/-$0.00 |
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Kukreja Realty, LLC/408-420 Elizabeth Avenue/3546.01/10/South/$1,150,000/2014/-$0.00 |
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Lechter, Albert/34-42 Longworth Street/121/72/Central/$567,800/2011/-$7,664.38 |
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Lechter, Albert/34-42 Longworth Street/121/72/Central/$567,800/2012/-$7,949.96 |
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Lojo, Manuel/310-314 Elizabeth Avenue/3546/70/South/$677,100/2011/-$5,893.89 |
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Lojo, Manuel/310-314 Elizabeth Avenue/3546/70/South/$677,100/2012/-$6,113.49 |
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North 9, LLC/65-73 North Ninth Street/1928/40/North/$2,333,500/2011/-$16,087.55 |
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North 9, LLC/65-73 North Ninth Street/1928/40/North/$2,333,500/2012/-$16,686.97 |
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Pisgah Realty, LLC/308-320 South Eleventh Street/1796/48/Central/$1,634,900/2009/-$22,867.91 |
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Pisgah Realty, LLC/308-320 South Eleventh Street/1796/48/Central/$1,634,900/2012/-$28,820.75 |
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Ramos S. & Santos V./135 Tichenor Street/926/41/East/$661,800/2011/-$6,050.30 |
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RE Holding, LLC/470-472 Avon Avenue/2644/1/South/$384,100/2011/-$10,120.45 |
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RE Holding, LLC/470-472 Avon Avenue/2644/1/South/$268,800/2012/-$6,517.38 |
Additional Information:
Total Tax Difference: -$296,107.67
Invitation: Corporation Counsel, July 8, 2014
Deferred 7R5-f 070914
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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 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.
STATEMENT:
This resolution authorizes the execution of a Stipulation of Settlement with regard to Tax Appeals on properties set forth in Schedule A.
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