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File #:
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13-1156
Version:
1
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Name:
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Stipulation of Settlement for Tax Appeals
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Type:
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Resolution
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Status:
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Filed
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File created:
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6/13/2013
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In control:
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Finance
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On agenda:
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2/5/2014
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Final action:
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2/6/2014
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Title:
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FINANCE
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)
1-3 Cornelia Street Corp./39-53 Wheeler Point Road/1126/30/East/$1,500,000/2012/-$10,010.80
25 Prospect Realty/25-33 Prospect Street/177/38/East/$2,258,000/2009/$0.00
25 Prospect Realty/25-33 Prospect Street/177/38/East/$2,258,000/2010/-$3,180.00
25 Prospect Realty/25-33 Prospect Street/177/38/East/$2,258,000/2011/-$3,328.00
25 Prospect Realty/25-33 Prospect Street/177/38/East/$2,258,000/2012/-$3,452.00
53 Bruen, LLC/53-55 Bruen Street/195/12/East/$285,500/2010/-$3,017.82
53 Bruen, LLC/53-55 Bruen Street/195/12/East/$285,500/2011/-$3,158.27
53 Bruen, LLC/53-55 Bruen Street/195/12/East/$285,500/2012/-$3,275.95
95-99 Montclair, LLC/95 Montclair Avenue/821/45/North/$233,200/2011/-$1,058.30
95-99 Montclair, LLC/95 Montclair Avenue/821/45/North/$233,200/2012/-$...
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Title
FINANCE
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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1-3 Cornelia Street Corp./39-53 Wheeler Point Road/1126/30/East/$1,500,000/2012/-$10,010.80 |
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25 Prospect Realty/25-33 Prospect Street/177/38/East/$2,258,000/2009/$0.00 |
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25 Prospect Realty/25-33 Prospect Street/177/38/East/$2,258,000/2010/-$3,180.00 |
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25 Prospect Realty/25-33 Prospect Street/177/38/East/$2,258,000/2011/-$3,328.00 |
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25 Prospect Realty/25-33 Prospect Street/177/38/East/$2,258,000/2012/-$3,452.00 |
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53 Bruen, LLC/53-55 Bruen Street/195/12/East/$285,500/2010/-$3,017.82 |
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53 Bruen, LLC/53-55 Bruen Street/195/12/East/$285,500/2011/-$3,158.27 |
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53 Bruen, LLC/53-55 Bruen Street/195/12/East/$285,500/2012/-$3,275.95 |
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95-99 Montclair, LLC/95 Montclair Avenue/821/45/North/$233,200/2011/-$1,058.30 |
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95-99 Montclair, LLC/95 Montclair Avenue/821/45/North/$233,200/2012/-$1,097.74 |
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95-99 Montclair, LLC/97 Montclair Avenue/821/46/North/$247,300/2011/-$1,527.55 |
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95-99 Montclair, LLC/97 Montclair Avenue/821/46/North/$247,300/2012/-$1,584.47 |
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95-99 Montclair, LLC/99 Montclair Avenue/821/47/North/$237,300/2011/-$1,194.75 |
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95-99 Montclair, LLC/99 Montclair Avenue/821/47/North/$237,300/2012/-$1,239.27 |
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223 Realty Management, LLC/223-225 Mount Prospect Avenue/531/53/North/$675,000/2009/-$1,999.47 |
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223 Realty Management, LLC/223-225 Mount Prospect Avenue/531/53/North/$675,000/2010/-$2,321.40 |
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250 Passaic, LLC/220-262 Passaic Street/435/1/Central/$4,192,100/2010/-$31,777.74 |
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250 Passaic, LLC/220-262 Passaic Street/435/1/Central/$4,192,100/2011/-$33,256.70 |
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250 Passaic, LLC/220-262 Passaic Street/435/1/Central/$4,192,100/2012/-$34,495.84 |
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1183 Realty Management, LLC/1183-1185 Broad Street/2807/20/East/$492,600/2011/-$1,331.20 |
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1183 Realty Management, LLC/1183-1185 Broad Street/2807/20/East/$492,600/2012/-$1,380.80 |
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1203 Broad Street, LLC/1201-1203 Broad Street/2806/22/South/$410,000/2011/-$332.80 |
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1203 Broad Street, LLC/1201-1203 Broad Street/2806/22/South/$410,000/2012/-$345.20 |
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1448 McCarter Highway, LLC/93-97 Passaic Street/567/20/North/$85,100/2011/$0.00 |
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1448 McCarter Highway, LLC/93-97 Passaic Street/567/20/North/$85,100/2012/$0.00 |
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1448 McCarter Highway, LLC/87-91 Passaic Street/567/17/North/$448,100/2011/$0.00 |
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1448 McCarter Highway, LLC/87-91 Passaic Street/567/17/North/$448,100/2012/$0.00 |
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1448 McCarter Highway, LLC/1448 McCarter Highway/567/27/North/$3,377,600/2011/-$9,984.00 |
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1448 McCarter Highway, LLC/1448 McCarter Highway/567/27/North/$3,377,600/2012/-$10,356.00 |
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Alberto Toro & Hector Cunha/316-318 Broad Street/448/59/Central/$251,100/2009/-$2,766.39 |
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Alberto Toro & Hector Cunha/316-318 Broad Street/448/59/Central/$222,900/2010/-$2,315.04 |
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Alberto Toro & Hector Cunha/316-318 Broad Street/448/59/Central/$222,900/2011/-$2,422.78 |
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Alberto Toro & Hector Cunha/310-314 Broad Street/448/61/Central/$73,900/2009/$0.00 |
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Alberto Toro & Hector Cunha/310-314 Broad Street/448/61/Central/$73,900/2010/$0.00 |
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Alberto Toro & Hector Cunha/310-314 Broad Street/448/61/Central/$73,900/2011/$0.00 |
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Antao, Luis Antunes & Luis Martins/65-67 Madison Street/174/40/East/$794,600/2010/-$3,180.00 |
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Antao, Luis Antunes & Luis Martins/65-67 Madison Street/174/40/East/$794,600/2011/-$3,328.00 |
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Antao, Luis Antunes & Luis Martins/65-67 Madison Street/174/40/East/$794,600/2012/-$3,452.00 |
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Brasilia Realty, Inc./115 Adams Street/1986/14/East/$106,300/2009/$0.00 |
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Brasilia Realty, Inc./115 Adams Street/1986/14/East/$106,300/2010/$0.00 |
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Brasilia Realty, Inc./115 Adams Street/1986/14/East/$106,300/2011/$0.00 |
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Brasilia Realty, Inc./115 Adams Street/1986/14/East/$106,300/2012/$0.00 |
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Brasilia Realty, Inc./103-107 Monroe Street/1986/41/East/$333,000/2009/$0.00 |
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Brasilia Realty, Inc./103-107 Monroe Street/1986/41/East/$333,000/2010/$0.00 |
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Brasilia Realty, Inc./103-107 Monroe Street/1986/41/East/$333,000/2011/$0.00 |
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Brasilia Realty, Inc./103-107 Monroe Street/1986/41/East/$333,000/2012/$0.00 |
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Brasilia Realty, Inc./97-101 Monroe Street/1986/45/East/$935,700/2009/$0.00 |
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Brasilia Realty, Inc./97-101 Monroe Street/1986/45/East/$935,700/2010/-$11,925.00 |
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Brasilia Realty, Inc./97-101 Monroe Street/1986/45/East/$935,700/2011/-$12,480.00 |
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Brasilia Realty, Inc./97-101 Monroe Street/1986/45/East/$935,700/2012/-$12,945.00 |
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Costa & Costa Realty, LLC/122-124 Frelinghuysen Avenue/2780/8/South/$350,000/2010/-$1,113.00 |
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Costa & Costa Realty, LLC/122-124 Frelinghuysen Avenue/2780/8/South/$350,000/2011/-$1,164.80 |
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Costa & Costa Realty, LLC/122-124 Frelinghuysen Avenue/2780/8/South/$350,000/2012/-$1,208.20 |
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CSS Realty Partnership/230-256 Ridgewood Avenue/2719/51/South/$2,500,000/2010/-$6,360.00 |
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CSS Realty Partnership/230-256 Ridgewood Avenue/2719/51/South/$2,500,000/2011/-$6,656.00 |
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CSS Realty Partnership/230-256 Ridgewood Avenue/2719/51/South/$2,500,000/2012/-$6,904.00 |
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Darling International, Inc./787-799 Wilson Avenue/5070/49/East/$2,898,600/2010/-$27,357.54 |
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Darling International, Inc./787-799 Wilson Avenue/5070/49/East/$2,898,600/2011/-$28,630.78 |
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Darling International, Inc./797-821 Wilson Avenue, Rear/5070/51/East/$642,100/2010/-$2,219.64 |
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Darling International, Inc./797-821 Wilson Avenue, Rear/5070/51/East/$642,100/2011/-$2,322.94 |
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Darling International, Inc./859 Wilson Avenue/5070/47/East/$58,800/2010/$0.00 |
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Darling International, Inc./859 Wilson Avenue/5070/47/East/$58,800/2011/$0.00 |
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D.R.J.R., LLC/825-831 Broadway/822/16/North/$553,300/2011/-$3,328.00 |
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D.R.J.R., LLC/825-831 Broadway/822/16/North/$553,300/2012/-$3,452.00 |
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Getty Petroleum Marketing, Inc./329-343 McCarter Highway/909/1/East/$1,227,700/2010/-$7,240.86 |
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Lukoil North America/329-343 McCarter Highway/909/1/East/$1,227,700/2011/-$7,577.86 |
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Lukoil North America/329-343 McCarter Highway/909/1/East/$1,227,700/2012/-$7,860.20 |
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Ginzberg, Anton & Ernst/162-176 Abington Avenue/600/1/North/$810,000/2009/-$3,160.81 |
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Ginzberg, Anton & Ernst/162-176 Abington Avenue/600/1/North/$810,000/2010/-$3,669.72 |
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Gomes Development, Inc./474 Ferry Street/2476/20/East/$167,700/2010/-$1,357.86 |
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Gomes Development, Inc./474 Ferry Street/2476/20/East/$167,700/2011/-$1,421.06 |
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Gomes Development, Inc./474 Ferry Street/2476/20/East/$167,700/2012/-$1,474.00 |
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Graifman, Carole/55-71 Riverside Avenue, Rear/614/70/North/$283,600/2008/-$2,172.76 |
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Graifman, Carole/55-71 Riverside Avenue, Rear/614/70/North/$283,600/2009/-$2,289.80 |
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Graifman, Carole/55-71 Riverside Avenue, Rear/614/70/North/$283,600/2010/-$2,658.48 |
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Graifman, Carole/55-71 Riverside Avenue, Rear/614/70/North/$283,600/2011/-$2,782.21 |
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Kinney Building Property Assoc./788-794 Broad Street/164/8/East/$3,000,000/2012/-$13,808.00 |
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Musa Newark, LLC/182-188 Frelinghuysen Avenue/2755/4/South/$744,100/2010/-$13,505.46 |
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Musa Newark, LLC/182-188 Frelinghuysen Avenue/2755/4/South/$319,400/2011/$0.00 |
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Musa Newark, LLC/182-188 Frelinghuysen Avenue/2755/4/South/$319,400/2012/$0.00 |
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Musa Newark, LLC/190-196 Frelinghuysen Avenue/2755/7/South/$1,125,500/2010/-$14,796.54 |
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Musa Newark, LLC/190-196 Frelinghuysen Avenue/2755/7/South/$720,200/2011/$-1,996.80 |
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Musa Newark, LLC/190-196 Frelinghuysen Avenue/2755/7/South/$720,200/2012/-$2,071.20 |
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Musa Newark, LLC/198-204 Frelinghuysen Avenue/2755/10/South/$470,400/2010/$0.00 |
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Musa Newark, LLC/198-204 Frelinghuysen Avenue/2755/10/South/$470,400/2011/$0.00 |
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Musa Newark, LLC/198-204 Frelinghuysen Avenue/2755/10/South/$470,400/2012/$0.00 |
Additional Information: Total Tax Difference: -$417,831.00
Invitation: Corporation Counsel, February 4, 2014
body
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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