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)
Team Academy Charter School, Inc. /2569/1/229-243 18th Avenue/Central/2021/$0.00/-$464,143.40
Team Academy Charter School, Inc. /2570/1/245-249 18th Avenue/Central/2021/$0.00/-$6,798.20
Additional Information:
Total tax refund: -$470,941.60
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WHEREAS, tax appeals are now pending before the Tax Court of New Jersey 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 2021 and
WHEREAS, the City of Newark (the “City”) retained the law firm of Decotiis, FitzPatrick & Cole, LLP, to represent the interests of the City in these actions; 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, and/or his designee, upon recommendation of the firm, Decotiis, FitzPatrick & Cole, LLP (“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 and/or his designee, the law firm, Decotiis, FitzPatrick & Cole, LLP, on behalf of the City of Newark are authorized to enter into and execute a Stipulation of Settlement with regard to certain properties as set forth in Schedule A, May 2021, 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 the Department of Finance.
STATEMENT
This Resolution authorizes the Corporation Counsel, and/or his designee, the law firm, Decotiis, FitzPatrick & Cole, LLP, to enter into and execute a Stipulation of Settlement with regard to Tax Appeals on certain properties set forth in Schedule A, May 2021.