File #: 14-0621    Version: 1 Name: Stipulation of Settlements for Tax Appeals
Type: Resolution Status: Adopted
File created: 4/22/2014 In control: Finance
On agenda: 6/18/2014 Final action: 6/24/2014
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) 15 Fulton Street, LLC/15 Fulton Street/15/20/Central/$330,100/2010/$0.00 15 Fulton Street, LLC/15 Fulton Street/15/20/Central/$330,100/2011/-$1,001.73 17 Fulton Street, LLC/17 Fulton Street/15/21/Central/$320,300/2010/-$645.54 17 Fulton Street, LLC/17 Fulton Street/15/21/Central/$320,300/2011/-$675.58 19 Fulton Street, LLC/19 Fulton Street/15/22/Central/$370,400/2010/-$2,238.72 19 Fulton Street, LLC/19 Fulton Street/15/22/Central/$370,400/2011/-$2,342.91 90 South Realty/428-436 Mulberry Street/926/1/East/$1,377,700/2008/-$12,995.00 90 South Realty/428-436 Mulberry Street/926/1/East/$1,377,700/2009/-$13,695.00 90 South Realty/428-436 Mulberry Street/926/1/East/$1,377,700/2010/-$15,900.00 192-198 Delancy Street, LLC/196-198 Delancy Street/1127/58/East/183,100/2009/-...
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)
15 Fulton Street, LLC/15 Fulton Street/15/20/Central/$330,100/2010/$0.00
15 Fulton Street, LLC/15 Fulton Street/15/20/Central/$330,100/2011/-$1,001.73
17 Fulton Street, LLC/17 Fulton Street/15/21/Central/$320,300/2010/-$645.54
17 Fulton Street, LLC/17 Fulton Street/15/21/Central/$320,300/2011/-$675.58
19 Fulton Street, LLC/19 Fulton Street/15/22/Central/$370,400/2010/-$2,238.72
19 Fulton Street, LLC/19 Fulton Street/15/22/Central/$370,400/2011/-$2,342.91
90 South Realty/428-436 Mulberry Street/926/1/East/$1,377,700/2008/-$12,995.00
90 South Realty/428-436 Mulberry Street/926/1/East/$1,377,700/2009/-$13,695.00
90 South Realty/428-436 Mulberry Street/926/1/East/$1,377,700/2010/-$15,900.00
192-198 Delancy Street, LLC/196-198 Delancy Street/1127/58/East/183,100/2009/-$1,043.56
192-198 Delancy Street, LLC/196-198 Delancy Street/1127/58/East/120,000/2010/-$0.00
201-209 Thomas Street, LLC/201-209 Thomas Street/1163/26/East/$682,400/2008/-$3,441.08
604 Market Street Associates, LLC/604-616 Market Street/2009/1.01/East/$1,566,000/2011/-$5,890.56
604 Market Street Associates, LLC/604-616 Market Street/2009/1.01/East/$1,566,000/2012/-$6,110.04
604 Market Street Associates, LLC/51-55 Chamber Street/2009/1.02/East/$156,800/2011/$0.00
976 Bergen Street Assoc./976-990 Bergen Street/3656/8/South/$1,165,000/2009/-$4,519.35
976 Bergen Street Assoc./976-990 Bergen Street/3656/8/South/$1,165,000/2010/-$5,247.00
976 Bergen Street Assoc./976-990 Bergen Street/3656/8/South/$1,165,000/2011/-$5,491.20
976 Bergen Street Assoc./976-990 Bergen Street/3656/8/South/$1,165,000/2012/-$5,695.80
Abrantes, Antonio & Manuel Assena/199-203 Clifford Street/1125/19/East/$98,700/2011/-$289.54
Abrantes, Antonio & Manuel Assena/199-203 Clifford Street/1125/19/East/$98,700/2012/-$300.32
Brantley Brothers Moving/162-176 Elizabeth Avenue/2769/1/South/$1,700,000/2012/-$6,904.00
Calandra's Italian & French Bakery/545-547 North Sixth Street/1969/53/North/$315,000/2011/-$2,163.20
Calandra's Italian & French Bakery/545-547 North Sixth Street/1969/53/North/$315,000/2012/-$2,243.80
Calandra's Italian & French Bakery/200-204 First Avenue/1969/4/North/$700,000/2011/-$832.00
Calandra's Italian & French Bakery/200-204 First Avenue/1969/4/North/$700,000/2012/-$863.00
Devereaux Foundation, The/387 Ridge Street/608/50/North/$239,500/2009/-$1,657.10
Devereaux Foundation, The/387 Ridge Street/608/50/North/$239,500/2010/-$1,923.90
Devereaux Foundation, The/387 Ridge Street/608/50/North/$239,500/2011/-$2,013.44
Emery Air Freight/1-23 Olympia Drive/5084/112/East/$2,092,200/2010/-$8,178.96
Emery Air Freight/1-23 Olympia Drive/5084/112/East/$2,092,200/2011/-$8,559.62
Emery Air Freight/1-23 Olympia Drive/5084/112/East/$2,092,200/2012/-$8,878,54
Emery Air Freight/25-37 Olympia Drive/5084/118/East/$757,800/2010/-$0.00
Exxon Mobil Corp./477-491 Central Avenue/1851/1/West/$1,247,300/2009/-$0.00
Exxon Mobil Corp./477-491 Central Avenue/1851/1/West/$1,247,300/2010/-$3,094.14
Exxon Mobil Corp./477-491 Central Avenue/1851/1/West/$1,247,300/2011/-$3,238.14
Exxon Mobil Corp./477-491 Central Avenue/1851/1/West/$1,247,300/2012/-$3,358.80
Exxon Mobil Corp./238-252 Clinton Avenue/2671/10/South/$1,415,800/2009/-$0.00
Exxon Mobil Corp./238-252 Clinton Avenue/2671/10/South/$1,415,800/2010/-$3,682.44
Exxon Mobil Corp./238-252 Clinton Avenue/2671/10/South/$1,415,800/2011/-$3,853.82
Exxon Mobil Corp./238-252 Clinton Avenue/2671/10/South/$1,415,800/2012/-$3,997.42
Grafton Apartments, LLC/84-86 Grafton Avenue/766/45/North/$846,000/2010/-$4,642.80
Grafton Apartments, LLC/84-86 Grafton Avenue/766/45/North/$846,000/2011/-$4,858.88
Grafton Apartments, LLC/84-86 Grafton Avenue/766/45/North/$846,000/2012/-$5,039.92
Lebal Investments/65-71 Chambers Street/2009/15/East/$583,500/2009/-$4,341.32
Lebal Investments/65-71 Chambers Street/2009/15/East/$583,500/2010/-$5,040.30
Lebal Investments/65-71 Chambers Street/2009/15/East/$583,500/2011/-$5,274.88
Lebal Investments/65-71 Chambers Street/2009/15/East/$583,500/2012/-$5,471.42
Lukoil North America/329-343 McCarter Highway/909/1/East/$1,227,700/2012/-$7,860.20
Lukoil North America/1086-1096 McCarter Highway/5/1/Central/$885,000/2010/-$3,180.00
Lukoil North America/1086-1096 McCarter Highway/5/1/Central/$885,000/2011/-$3,328.00
Maple Court, LLC/259-279 Chestnut Street/955/17.02/East/$4,907,000/2009/-$7,039.23
Maple Court, LLC/259-279 Chestnut Street/955/17.02/East/$4,907,000/2010/-$8,172.60
Maple Court, LLC/259-279 Chestnut Street/955/17.02/East/$4,500,000/2011/-$0.00
Matrix / Newark City Dock, LLC/Docks/133/1/East/$789,300/2011/-$0.00
Matrix / Newark City Dock, LLC/Docks/133/1/East/$789,300/2012/-$0.00
Matrix / Newark City Dock, LLC/Docks/130/1/East/$750,400/2011/-$4,246.53
Matrix / Newark City Dock, LLC/Docks/130/1/East/$750,400/2012/-$5,557.72
Matrix / Newark City Dock, LLC/Docks/130/12/East/$1,888,100/2011/-$4,246.53
Matrix / Newark City Dock, LLC/Docks/130/12/East/$1,888,100/2012/-$5,557.72
Matrix / Newark City Dock, LLC/Docks/134/10/East/$3,255,100/2011/-$3,913.73
Matrix / Newark City Dock, LLC/Docks/134/10/East/$3,255,100/2012/-$5,557.72
New Wilson, LLC/41-51 Wilson Avenue/2030.01/1.02/C2A/East/$350,200/2011/-$2,329.60
Newark Apple Land, LLC/361-383 Springfield Avenue/2601/7.02/Central/$1,213,300/2010/-$5,192.94
Newark Apple Land, LLC/361-383 Springfield Avenue/2601/7.02/Central/$1,213,300/2011/-$5,434.62
Newark Apple Land, LLC/361-383 Springfield Avenue/2601/7.02/Central/$1,213,300/2012/-$5,637.12
Newark Oil Holdings, LLC/812-818 Sandford Avenue/4088/30/West/$83,800/2007/-$483.06
Newark Oil Holdings, LLC/812-818 Sandford Avenue/4088/30/West/$83,800/2008/-$644.55
Newark Oil Holdings, LLC/812-818 Sandford Avenue/4088/30/West/$83,800/2010/-$788.64
Newark Oil Holdings, LLC/806-810 Sandford Avenue/4088/34/West/$147,200/2007/-$458.16
Newark Oil Holdings, LLC/806-810 Sandford Avenue/4088/34/West/$147,200/2008/-$756.31
Newark Oil Holdings, LLC/806-810 Sandford Avenue/4088/34/West/$147,200/2010/-$925.38
Rodriguez, David & Luis ℅ Lipstein/303-313 Mount Prospect Avenue/559/10.01/North/$2,220,000/2011/-$7,321.60
Rodriguez, David & Luis ℅ Lipstein/303-313 Mount Prospect Avenue/559/10.01/North/$2,220,000/2012/-$7,594.40
SAG Management, LLC/226-228 Roseville Avenue/1928/17/Central/$336,300/2012/-$3,382.96
Statewide Realty Co./197-225 McClellan Street/5092/157/South/$4,388,100/2010/-$12,341.58
Statewide Realty Co./197-225 McClellan Street/5092/157/South/$4,388,100/2011/-$12,915.97
Statewide Realty Co./197-225 McClellan Street/5092/157/South/$4,388,100/2012/-$16,849.21
Trans Realty Co./30-48 Verona Avenue/825/22/North/$559,600/2011/-$1,151.49
Trans Realty Co./30-48 Verona Avenue/825/22/North/$559,600/2012/-$1,194.39
Tuva Orange/539 South Orange Avenue/1789/22/West/$98,800/2010/-$0.00
Tuva Orange/539 South Orange Avenue/1789/22/West/$98,800/2011/-$332.80
Tuva Orange/539 South Orange Avenue/1789/22/West/$98,800/2012/-$345.20
Tuva Orange/543-545 South Orange Avenue/1789/24/West/$160,400/2010/-$0.00
Tuva Orange/543-545 South Orange Avenue/1789/24/West/$160,400/2011/-$715.52
Tuva Orange/543-545 South Orange Avenue/1789/24/West/$160,400/2012/-$742.18
Tuva Orange/541 South Orange Avenue/1789/23/West/$107,900/2010/-$0.00
Tuva Orange/541 South Orange Avenue/1789/23/West/$107,900/2011/-$332.80
Tuva Orange/541 South Orange Avenue/1789/23/West/$107,900/2012/-$345.20
Tuva Orange/535-537 South Orange Avenue/1789/20/West/$264,400/2010/-$0.00
Tuva Orange/535-537 South Orange Avenue/1789/20/West/$264,400/2011/-$1,331.20
Tuva Orange/535-537 South Orange Avenue/1789/20/West/$264,400/2012/-$1,380.80
U.S. Realty Financial Corp./24-28 Verona Avenue/825/21.01/North/$368,000/2011/-$599.04
U.S. Realty Financial Corp./24-28 Verona Avenue/825/21.01/North/$368,000/2012/-$621.36
V & C Corp. ℅ Pecoraro/170-174 Malvern Street/977/22/East/$664,500/2011/-$4,160.00
V & C Corp. ℅ Pecoraro/170-174 Malvern Street/977/22/East/$664,500/2012/-$4,315.00
V & C Corp. ℅ Pecoraro/176 Malvern Street/977/19/East/$609,900/2011/-$11,311.87
V & C Corp. ℅ Pecoraro/176 Malvern Street/977/19/East/$609,900/2012/-$11,733.35
      
Additional Information:  
 Total Tax Difference: -$369,963.05                   
Invitation: Corporation Counsel, June 18, 2014
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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.