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File #: 24-1228    Version: 1 Name: Stipulation of Settlement for Tax Appeals October 2024 Refunds
Type: Resolution Status: To Be Introduced
File created: 9/9/2024 In control: Finance
On agenda: 7/2/2025 Final action:
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) Ironbound Development Assoc./173/29(MERGED LOTS 33,29,60 INTO L60 1/5/23)/41 Madison Street/East/2016/$81,800/-$0.00 Ironbound Development Assoc./173/29(MERGED LOTS 33,29,60 INTO L60 1/5/23)/41 Madison Street/East/2017/$81,800/-$0.00 Ironbound Development Assoc./173/29(MERGED LOTS 33,29,60 INTO L60 1/5/23)/41 Madison Street/East/2018/$81,800/-$0.00 Ironbound Development Assoc./173/29(MERGED LOTS 33,29,60 INTO L60 1/5/23)/41 Madison Street/East/2019/$81,800/-$0.00 Ironbound Development Assoc./173/29(MERGED LOTS 33,29,60 INTO L60 1/5/23)/41 Madison Street/East/2020/$81,800/-$0.00 Ironbound Development Assoc./173/29(MERGED LOTS 33,29,60 INTO L60 1/5/23)/41 Madison Street/East/2021/$81,800/-$0.00 Ironbound Development Assoc./173/33(MERGED LOTS 33,29,60 INTO L60 1/5/23)/28 Jef...
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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)

Ironbound Development Assoc./173/29(MERGED LOTS 33,29,60 INTO L60 1/5/23)/41 Madison Street/East/2016/$81,800/-$0.00

Ironbound Development Assoc./173/29(MERGED LOTS 33,29,60 INTO L60 1/5/23)/41 Madison Street/East/2017/$81,800/-$0.00

Ironbound Development Assoc./173/29(MERGED LOTS 33,29,60 INTO L60 1/5/23)/41 Madison Street/East/2018/$81,800/-$0.00

Ironbound Development Assoc./173/29(MERGED LOTS 33,29,60 INTO L60 1/5/23)/41 Madison Street/East/2019/$81,800/-$0.00

Ironbound Development Assoc./173/29(MERGED LOTS 33,29,60 INTO L60 1/5/23)/41 Madison Street/East/2020/$81,800/-$0.00

Ironbound Development Assoc./173/29(MERGED LOTS 33,29,60 INTO L60 1/5/23)/41 Madison Street/East/2021/$81,800/-$0.00

Ironbound Development Assoc./173/33(MERGED LOTS 33,29,60 INTO L60 1/5/23)/28 Jefferson Street/East/2016/$57,400/-$0.00

Ironbound Development Assoc./173/33(MERGED LOTS 33,29,60 INTO L60 1/5/23)/28 Jefferson Street/East/2017/$57,400/-$0.00

Ironbound Development Assoc./173/33(MERGED LOTS 33,29,60 INTO L60 1/5/23)/28 Jefferson Street/East/2018/$57,400/-$0.00

Ironbound Development Assoc./173/33(MERGED LOTS 33,29,60 INTO L60 1/5/23)/28 Jefferson Street/East/2019/$57,400/-$0.00

Ironbound Development Assoc./173/33(MERGED LOTS 33,29,60 INTO L60 1/5/23)/28 Jefferson Street/East/2020/$57,400/-$0.00

Ironbound Development Assoc./173/33(MERGED LOTS 33,29,60 INTO L60 1/5/23)/28 Jefferson Street/East/2021/$57,400/-$0.00

Ironbound Development Assoc./173/60(MERGED LOTS 33,29,60 INTO L60 1/5/23)/33-39 Madison Street/East/2016/$323,600/-$0.00

Ironbound Development Assoc./173/60(MERGED LOTS 33,29,60 INTO L60 1/5/23)/33-39 Madison Street/East/2017/$323,600/-$0.00

Ironbound Development Assoc./173/60(MERGED LOTS 33,29,60 INTO L60 1/5/23)/33-39 Madison Street/East/2018/$323,600/-$0.00

Ironbound Development Assoc./173/60(MERGED LOTS 33,29,60 INTO L60 1/5/23)/33-39 Madison Street/East/2019/$323,600/-$0.00

Ironbound Development Assoc./173/60(MERGED LOTS 33,29,60 INTO L60 1/5/23)/33-39 Madison Street/East/2020/$323,600/-$0.00

Ironbound Development Assoc./173/60(MERGED LOTS 33,29,60 INTO L60 1/5/23)/33-39 Madison Street/East/2021/$323,600/-$0.00

Ironbound Development Assoc./175/1/450-466 Market Street/East/2016/$1,750,000/-$8,892.40

Ironbound Development Assoc./175/1/450-466 Market Street/East/2017/$1,750,000/-$9,202.60

Ironbound Development Assoc./175/1/450-466 Market Street/East/2018/$1,750,000/-$9,546.41

Ironbound Development Assoc./175/1/450-466 Market Street/East/2019/$2,008,500/-$0.00

Ironbound Development Assoc./175/1/450-466 Market Street/East/2020/$2,008,500/-$0.00

Ironbound Development Assoc./175/1/450-466 Market Street/East/2021/$2,008,500/-$0.00

Ironbound Development Assoc./175/80/31-39 Jefferson Street/East/2016/$461,100/-$0.00

Ironbound Development Assoc./175/80/31-39 Jefferson Street/East/2017/$461,100/-$0.00

Ironbound Development Assoc./175/80/31-39 Jefferson Street/East/2018/$461,100/-$0.00

Ironbound Development Assoc./175/80/31-39 Jefferson Street/East/2019/$461,100/-$0.00

Ironbound Development Assoc./175/80/31-39 Jefferson Street/East/2020/$461,100/-$0.00

Ironbound Development Assoc./175/80/31-39 Jefferson Street/East/2021/$461,100/-$0.00

Ironbound Development Assoc./176/36/70-74 Ferry Street/East/2015/$166,900/-$0.00

Ironbound Development Assoc./176/36/70-74 Ferry Street/East/2016/$166,900/-$0.00

Ironbound Development Assoc./176/36/70-74 Ferry Street/East/2017/$166,900/-$0.00

Ironbound Development Assoc./176/36/70-74 Ferry Street/East/2018/$166,900/-$0.00

Ironbound Development Assoc./176/36/70-74 Ferry Street/East/2019/$166,900/-$0.00

Ironbound Development Assoc./176/36/70-74 Ferry Street/East/2020/$166,900/-$0.00

Ironbound Development Assoc./176/36/70-74 Ferry Street/East/2021/$166,900/-$0.00

Ironbound Development Assoc./176/80/31-37 Congress Street/East/2015/$1,140,000/-$3,335.47

Ironbound Development Assoc./176/80/31-37 Congress Street/East/2016/$1,140,000/-$3,467.52

Ironbound Development Assoc./176/80/31-37 Congress Street/East/2017/$1,140,000/-$3,588.48

Ironbound Development Assoc./176/80/31-37 Congress Street/East/2018/$1,240,800/-$0.00

Ironbound Development Assoc./176/80/31-37 Congress Street/East/2019/$1,240,800/-$0.00

Ironbound Development Assoc./176/80/31-37 Congress Street/East/2020/$1,240,800/-$0.00

Ironbound Development Assoc./176/80/31-37 Congress Street/East/2021/$1,240,800/-$0.00

Ironbound Development Assoc./177/60/60-66 Ferry Street/East/2016/$320,600/-$0.00

Ironbound Development Assoc./177/60/60-66 Ferry Street/East/2017/$320,600/-$0.00

Ironbound Development Assoc./177/60/60-66 Ferry Street/East/2018/$320,600/-$0.00

Ironbound Development Assoc./177/60/60-66 Ferry Street/East/2019/$320,600/-$0.00

Ironbound Development Assoc./177/60/60-66 Ferry Street/East/2020/$320,600/-$0.00

Ironbound Development Assoc./177/60/60-66 Ferry Street/East/2021/$320,600/-$0.00

J.A.S. Homes, Inc./2017/65/23-25 Mott Street/East/2015/$550,000/-$4,592.89

J.A.S. Homes, Inc./2017/65/23-25 Mott Street/East/2016/$550,000/-$4,774.72

James F. Lomma/2455/1/9-43 Albert Avenue/East/2022/$3,919,000/-$0.00

James F. Lomma/2455/25/72-74 Chapel Street/East/2022/$111,000/-$0.00

James F. Lomma/2455/26/76 Chapel Street/East/2022/$34,500/-$0.00

James F. Lomma/2455/27/78 Chapel Street/East/2022/$28,500/-$0.00

James W. & Rosemary Stewart, 166-170 Littleton LLC/263/26(27,28)/166-170 Littleton Avenue/West/2018/$419,700/-$0.00

James W. & Rosemary Stewart, 166-170 Littleton LLC/263/26(27,28)/166-170 Littleton Avenue/West/2019/$325,000/-$3,561.67

James W. & Rosemary Stewart, 166-170 Littleton LLC/263/26(27,28)/166-170 Littleton Avenue/West/2020/$325,000/-$3,598.60

James W. & Rosemary Stewart, 166-170 Littleton LLC/263/26(27,28)/166-170 Littleton Avenue/West/2022/$325,000/-$1,367.38

Jamil Nahiam/3714/21/242-246 Lyons Avenue/South/2015/$395,500/-$0.00

Jamil Nahiam/3714/21/242-246 Lyons Avenue/South/2017/$400,000/-$729.80

Jamil Nahiam/3714/21/242-246 Lyons Avenue/South/2020/$420,500/-$0.00

J.A.S. 88 Holdings, LLC/196/51/88 McWhorter Street/East/2017/$160,000/-$1,879.68

J.A.S. Lafayette St., LLC/196/1/164 Lafayette Street/East/2017/$111,000/-$2,670.00

J.A.S. Lafayette St., LLC/196/53/84 McWhorter Street/East/2017/$189,000/-$2,670.00

Jorge & Ana Pereira/2019/31/68 Mott Street/East/2021/$300,000/-$1,949.15

Juan Dario Rivas/3706/47/175-177 Hansbury Avenue/South/2019/$425,000/-$3,411.23

Malcolm Shabbaz Urb./3605/18/112-114 Huntington Terrace/South/2015/$191,500/-$903.36

Malcom Shabbaz Urb./2648/9/785 South 13th Street/South/2015/$177,200/-$764.38

Malvern & Delancy, LLC/949/19(52)/19-33 Malvern Street/East/2013/$1,200,000/-$5,510.30

Malvern & Delancy, LLC/949/19(52)/19-33 Malvern Street/East/2014/$1,200,000/-$5,786.47

Malvern & Delancy, LLC/949/19(52)/19-33 Malvern Street/East/2015/$1,200,000/-$6,174.59

Malvern & Delancy, LLC/949/19(52)/19-33 Malvern Street/East/2016/$1,200,000/-$6,419.04

Maple Court, LLC/948/34/237-243 Chestnut Street/East/2017/$2,455,000/-$0.00

Maple Court, LLC/948/34/237-243 Chestnut Street/East/2018/$2,455,000/-$0.00

Maple Court, LLC/948/34/237-243 Chestnut Street/East/2019/$2,221,800/-$8,770.65

Maple Court, LLC/948/34/237-243 Chestnut Street/East/2020/$2,221,800/-$8,861.60

Maple Court, LLC/948/34/237-243 Chestnut Street/East/2021/$2,221,800/-$0.00

Maple Court, LLC/948/34/237-243 Chestnut Street/East/2022/$2,221,800/-$0.00

Maple Court, LLC/955/17.02/259-279 Chestnut Street/East/2017/$5,210,500/-$0.00

Maple Court, LLC/955/17.02/259-279 Chestnut Street/East/2018/$5,210,500/-$0.00

Maple Court, LLC/955/17.02/259-279 Chestnut Street/East/2019/$5,000,000/-$7,916.91

Maple Court, LLC/955/17.02/259-279 Chestnut Street/East/2020/$5,000,000/-$7,999.00

Maple Court, LLC/955/17.02/259-279 Chestnut Street/East/2021/$4,753,800/-$0.00

Maple Court, LLC/955/17.02/259-279 Chestnut Street/East/2022/$4,753,800/-$0.00

Marcourt Investments, Inc./5088.01/76.03/586-616 US Highway Route 1&9/East/2019/$9,000,000/-$100,794.80

Mario Fernandez; L. Morgado; Elm St Properties, LLC/914/12/62 Elm Street/East/2013/$464,400/-$0.00

Mario Fernandez; L. Morgado; Elm St Properties, LLC/914/12/62 Elm Street/East/2014/$464,400/-$0.00

Mario Fernandez; L. Morgado; Elm St Properties, LLC/914/12/62 Elm Street/East/2015/$464,400/-$0.00

Mario Fernandez; L. Morgado; Elm St Properties, LLC/914/12/62 Elm Street/East/2016/$450,000/-$495.36

Mario Fernandez; L. Morgado; Elm St Properties, LLC/914/12/62 Elm Street/East/2017/$450,000/-$512.64

Mario Fernandez; L. Morgado; Elm St Properties, LLC/914/12/62 Elm Street/East/2018/$450,000/-$531.79

Mario Fernandez; L. Morgado; Elm St Properties, LLC/914/12/62 Elm Street/East/2019/$450,000/-$0.00

Maritza Gutierrea/116/26/30 West Kinney Street/Central/2013/$475,200/-$0.00

Maritza Gutierrea/116/26/30 West Kinney Street/Central/2014/$475,200/-$0.00

Maritza Gutierrea/116/26/30 West Kinney Street/Central/2015/$400,000/-$2,488.37

Maritza Gutierrea/116/26/30 West Kinney Street/Central/2016/$400,000/-$2,586.88

Maritza Gutierrea/116/26/30 West Kinney Street/Central/2017/$400,000/-$2,677.12

Maritza Gutierrea/116/26/30 West Kinney Street/Central/2018/$375,000/-$3,700.39

Maritza Gutierrea/116/26/30 West Kinney Street/Central/2019/$375,000/-$3,768.52

Lyons Plaza/3086/24(36)/261-289 Fabyan Place/South/2017/$6,000,000/-$0.00

Lyons Plaza/3086/24(36)/261-289 Fabyan Place/South/2018/$6,000,000/-$0.00

Lyons Plaza/3086/24(36)/261-289 Fabyan Place/South/2019/$5,331,800/-$25,131.00

Lyons Plaza/3086/24(36)/261-289 Fabyan Place/South/2020/$5,331,800/-$25,391.60

Lyons Plaza/3086/24(36)/261-289 Fabyan Place/South/2021/$5,331,800/-$24,950.59

Lyons Plaza/3086/24(36)/261-289 Fabyan Place/South/2022/$4,831,800/-$43,643.95

Lyons Plaza, LLC/3086/35/471-477 Lyons Avenue/South/2017/$168,200/-$0.00

Lyons Plaza, LLC/3086/35/471-477 Lyons Avenue/South/2018/$168,200/-$0.00

Lyons Plaza, LLC/3086/35/471-477 Lyons Avenue/South/2019/$168,200/-$0.00

Lyons Plaza, LLC/3086/35/471-477 Lyons Avenue/South/2020/$168,200/-$0.00

Lyons Plaza, LLC/3086/35/471-477 Lyons Avenue/South/2021/$168,200/-$0.00

Lyons Plaza, LLC/3086/35/471-477 Lyons Avenue/South/2022/$168,200/-$0.00

Masela L. Tonn/2826/7/88 Clinton Avenue/East/2018/$360,000/-$3,693.00

Masela L. Tonn/2826/7/88 Clinton Avenue/East/2019/$360,000/-$3,761.00

Masela L. Tonn/2826/7/88 Clinton Avenue/East/2020/$360,000/-$0.00

Masela L. Tonn/2826/7/88 Clinton Avenue/East/2021/$360,000/-$0.00

Maximino & Luzia Dasilva/597/1/603-605 North 6th Street/North/2016/$396,800/-$1,351.92

Maximino & Luzia Dasilva/597/1/603-605 North 6th Street/North/2017/$396,800/-$1,399.08

Maximino & Luzia Dasilva/597/1/603-605 North 6th Street/North/2018/$396,800/-$1,451.35

Maximino & Luzia Dasilva/597/1/603-605 North 6th Street/North/2019/$396,800/-$1,478.07

Maximino & Luzia Dasilva/597/1/603-605 North 6th Street/North/2020/$396,800/-$1,493.40

NTN Realty Corporation/871/41/71 Liberty Street/Central/2013/$106,500/-$0.00

NTN Realty Corporation/871/41/71 Liberty Street/Central/2014/$106,500/-$0.00

NTN Realty Corporation/871/41/71 Liberty Street/Central/2015/$82,600/-$790.85

NTN Realty Corporation/871/41/71 Liberty Street/Central/2016/$82,600/-$822.16

NTN Realty Corporation/871/41/71 Liberty Street/Central/2017/$82,600/-$850.84

NTN Realty Corporation/871/41/71 Liberty Street/Central/2018/$82,600/-$882.63

NTN Realty Corporation/871/43/665 Mc Carter Highway/Central/2013/$52,400/-$0.00

NTN Realty Corporation/871/43/665 McCarter Highway/Central/2014/$52,400/-$0.00

NTN Realty Corporation/871/43/665 McCarter Highway/Central/2015/$52,400/-$0.00

NTN Realty Corporation/871/43/665 McCarter Highway/Central/2016/$52,400/-$0.00

NTN Realty Corporation/871/43/665 McCarter Highway/Central/2017/$52,400/-$0.00

NTN Realty Corporation/871/43/665 McCarter Highway/Central/2018/$52,400/-$0.00

Parkhurst Management, LLC/118/29/11 Lincoln Park/Central/2018/$536,500/-$2,677.43

Parkhurst Management, LLC/118/30/13 Lincoln Park/Central/2018/$356,500/-$1,569.53

Parra, Blanca/837/19/103-111 Verona Avenue/North/2018/$85,400/-$0.00

Parra, Blanca/837/19/103-111 Verona Avenue/North/2019/$85,400/-$0.00

Parra, Blanca/837/19/103-111 Verona Avenue/North/2020/$85,400/-$0.00

Parra, Blanca/837/21/113-117 Verona Avenue/North/2018/$96,200/-$0.00

Parra, Blanca/837/21/113-117 Verona Avenue/North/2019/$96,200/-$0.00

Parra, Blanca/837/21/113-117 Verona Avenue/North/2020/$96,200/-$0.00

Parra, Blanca/838/26/119-121 Verona Avenue/North/2018/$118,400/-$3,803.79

Parra, Blanca/838/26/119-121 Verona Avenue/North/2019/$118,400/-$3,873.83

Parra, Blanca/838/26/119-121 Verona Avenue/North/2020/$118,400/-$3,914.00

Patricia Ellen Coleman (Trustee); 195-197 New York Ave LLC/961/46/195-197 New York Avenue/East/2018/$308,000/-$2,662.65

Patricia Ellen Coleman (Trustee); 195-197 New York Ave LLC/961/46/195-197 New York Avenue/East/2019/$308,000/-$2,711.68

Patricia Ellen Coleman (Trustee); 195-197 New York Ave LLC/961/46/195-197 New York Avenue/East/2020/$308,000/-$0.00

Patsy M. Giordano/2770/26(27,28)/46-50 Stanton Street/South/2018/$397,200/-$0.00

Patsy M. Giordano/2770/26(27,28)/46-50 Stanton Street/South/2019/$347,550/-$1,867.34

Patsy M. Giordano/2770/26(27,28)/46-50 Stanton Street/South/2020/$347,550/-$1,886.70

Patsy M. Giordano/2770/26(27,28)/46-50 Stanton Street/South/2021/$347,550/-$1,853.93

Patsy M. Giordano/2770/29/52 Stanton Street/South/2018/$60,300/-$0.00

Patsy M. Giordano/2770/29/52 Stanton Street/South/2019/$60,300/-$0.00

Patsy M. Giordano/2770/29/52 Stanton Street/South/2020/$60,300/-$0.00

Patsy M. Giordano/2770/29/52 Stanton Street/South/2021/$60,300/-$0.00

Patsy M. Giordano/2770/33/52 Stanton Street Rear/South/2018/$39,000/-$0.00

Patsy M. Giordano/2770/33/52 Stanton Street Rear/South/2019/$39,000/-$0.00

Patsy M. Giordano/2770/33/52 Stanton Street Rear/South/2020/$39,000/-$0.00

Patsy M. Giordano/2770/33/52 Stanton Street Rear/South/2021/$39,000/-$0.00

Peter Cocoziello/882/59(61,63)/988-992 Broad Street /Central/2016/$2,283,700/-$7,457.92

Peter Cocoziello/882/59(61,63)/988-992 Broad Street/Central/2017/$2,283,700/-$7,718.08

Peter Cocoziello/882/59(61,63)/988-992 Broad Street/Central/2018/$1,983,700/-$11,079.00

Properties, LLC/1991/30/178 Ferry Street/East/2018/$523,000/-$2,086.55

Properties, LLC/1991/30/178 Ferry Street/East/2019/$523,000/-$2,124.97

S11th Street LLC/2631/11/735 South 11th Street/South/2013/$246,900/-$0.00

S11th Street LLC/2631/11/735 South 11th Street/South/2014/$205,000/-$1,299.32

S11th Street LLC/2631/11/735 South 11th Street/South/2015/$205,000/-$1,386.47

S11th Street LLC/2631/11/735 South 11th Street/South/2017/$205,000/-$1,491.64

S11th Street LLC/2631/11/735 South 11th Street/South/2018/$205,000/-$1,547.37

S11th Street LLC/2631/11/735 South 11th Street/South/2019/$205,000/-$1,575.86

Sierra, Carmelo/821/42/89-93 Montclair Avenue/North/2014/$972,800/-$0.00

Sierra, Carmelo/821/42/89-93 Montclair Avenue/North/2015/$972,800/-$0.00

Sierra, Carmelo/821/42/89-93 Montclair Avenue/North/2016/$972,800/-$0.00

Sierra, Carmelo/821/42/89-93 Montclair Avenue/North/2017/$900,000/-$2,591.68

Sierra, Carmelo/821/42/89-93 Montclair Avenue/North/2018/$900,000/-$2,688.50

Sierra, Carmelo/821/42/89-93 Montclair Avenue/North/2019/$900,000/-$2,738.01

Sierra, Carmelo/821/42/89-93 Montclair Avenue/North/2020/$900,000/-$2,766.40

Trifoodarama LLC/4051/1(57,58,59)/953-967 18th Avenue/West/2018/$548,700/-$0.00

Trifoodarama LLC/4051/1(57,58,59)/953-967 18th Avenue/West/2019/$360,000/-$7,097.01

Trifoodarama LLC/4051/1(57,58,59)/953-967 18th Avenue/West/2020/$360,000/-$7,170.60

William & Albania Ramos/555/37/221 Bloomfield Avenue/North/2014/$296,800/-$0.00

William & Albania Ramos/555/37/221 Bloomfield Avenue/North/2015/$296,800/-$0.00

William & Albania Ramos/555/37/221 Bloomfield Avenue/North/2016/$296,800/-$0.00

William & Albania Ramos/555/37/221 Bloomfield Avenue/North/2017/$225,000/-$2,556.08

William & Albania Ramos/555/37/221 Bloomfield Avenue/North/2018/$225,000/-$989.72

William & Albania Ramos/555/37/221 Bloomfield Avenue/North/2019/$225,000/-$1,007.95

William & Albania Ramos/555/37/221 Bloomfield Avenue/North/2020/$225,000/-$1,018.40

William & Albania Ramos/555/37/221 Bloomfield Avenue/North/2021/$225,000/-$1,000.71

William Ramos/555/37/221 Bloomfield Avenue/North/2022/$225,000/-$1,001.25

X91 Halsey St LLC/64/14(17,18,19,21)/87-95 Halsey Street/Central/2020/$2,900,000/-$0.00

X91 Halsey St LLC/64/14(17,18,19,21)/87-95 Halsey Street/Central/2021/$2,748,500/-$0.00

X91 Halsey St LLC/64/14(17,18,19,21)/87-95 Halsey Street/Central/2022/$2,748,500/-$0.00

Star Partner Enterprises Two, LLC; FQSR, LLC d/b/a KBP Foods; Bergen St., LLC Tricon Global Rest./260/1.03/119-129 Bergen Street/West/2015/$1,185,200/-$0.00

Star Partner Enterprises Two, LLC; FQSR, LLC d/b/a KBP Foods; Bergen St., LLC Tricon Global Rest./260/1.03/119-129 Bergen Street/West/2016/$985,200/-$6,880.00

Star Partner Enterprises Two, LLC; FQSR, LLC d/b/a KBP Foods; Bergen St., LLC Tricon Global Rest./260/1.03/119-129 Bergen Street/West/2017/$985,200/-$7,120.00

Star Partner Enterprises Two, LLC; FQSR, LLC d/b/a KBP Foods; Bergen St., LLC Tricon Global Rest./260/1.03/119-129 Bergen Street/West/2018/$985,200/-$7,386.00

Star Partner Enterprises Two, LLC; FQSR, LLC d/b/a KBP Foods; Bergen St., LLC Tricon Global Rest./260/1.03/119-129 Bergen Street/West/2019/$985,200/-$7,522.00

Star Partner Enterprises Two, LLC; FQSR, LLC d/b/a KBP Foods; Bergen St., LLC Tricon Global Rest./260/1.03/119-129 Bergen Street/West/2020/$985,200/-$0.00

Star Partner Enterprises Two, LLC; KFC Nat Mgmt. Co. c/o Star Partner; FQSR, LLC d/b/a KBP Foods/1934/35/261-263 Park Avenue/West/2015/$223,500/-$0.00

Star Partner Enterprises Two, LLC; KFC Nat Mgmt. Co. c/o Star Partner; FQSR, LLC d/b/a KBP Foods/1934/35/261-263 Park Avenue/West/2017/$223,500/-$0.00

Star Partner Enterprises Two, LLC; KFC Nat Mgmt. Co. c/o Star Partner; FQSR, LLC d/b/a KBP Foods/1934/35/261-263 Park Avenue/West/2018/$200,500/-$849.39

Star Partner Enterprises Two, LLC; KFC Nat Mgmt. Co. c/o Star Partner; FQSR, LLC d/b/a KBP Foods/1934/35/261-263 Park Avenue/West/2019/$200,500/-$865.03

Star Partner Enterprises Two, LLC; KFC Nat Mgmt. Co. c/o Star Partner; FQSR, LLC d/b/a KBP Foods/1934/35/261-263 Park Avenue/West/2020/$200,500/-$874.00                                     

Additional Information: 

Total Refund: $511,702.40

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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, October 2024 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, October 2024 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, October 2024 Refunds.