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)
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/12/103-107 University Avenue/Central/$1,723,925/2016/-$0.00
*Property location changed in 2017 after the merged of multiple lots, the new location address is 91-131 Central Avenue.
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/12/103-107 University Avenue/Central/$2,955,300/2017/-$0.00
*Property location changed in 2017 after the merged of multiple lots, the new location address is 91-131 Central Avenue.
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/12/91-131 Central Avenue/Central/$30,060,300/2018/-$599,540.09
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/12/91-131 Central Avenue/Central/$30,060,300/2019/-$610,579.55
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/16/109 University Avenue/Central/$489,650/2016/-$0.00
*Merged into Lot 12 in 2017
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/16/109 University Avenue/Central/$839,400/2017/-$0.00
*Merged into Lot 12 in 2017
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/17/111 University Avenue/Central/$49,233/2016/-$0.00
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/17/111 University Avenue/Central/$84,400/2017/-$0.00
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/17/111 University Avenue/Central/$84,400/2018/-$0.00
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/17/111 University Avenue/Central/$84,400/2019/-$0.00
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/23/119-121 University Avenue/Central/$567,875/2016/-$0.00
*Merged into Lot 12 in 2017
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/23/119-121 University Avenue/Central/$973,500/2017/-$0.00
*Merged into Lot 12 in 2017
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/25/123-127 University Avenue/Central/$469,350/2016/-$0.00
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/25/123-127 University Avenue/Central/$804,600/2017/-$0.00
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/25/123-127 University Avenue/Central/$804,600/2018/-$0.00
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/25/123-127 University Avenue/Central/$804,600/2019/-$0.00
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/32/127 University Avenue/Central/$338,100/2016/-$0.00
*Merged into Lot 12 in 2017
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/32/127 University Avenue/Central/$579,600/2017/-$0.00
*Merged into Lot 12 in 2017
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/35/129 University Avenue/Central/$129,500/2016/-$0.00
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/35/129 University Avenue/Central/$129,500/2017/-$0.00
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/35/129 University Avenue/Central/$129,500/2018/-$0.00
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/35/129 University Avenue/Central/$129,500/2019/-$0.00
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/36/131 University Avenue/Central/$129,500/2016/$0.00
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/36/131 University Avenue/Central/$129,500/2017/$0.00
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/36/131 University Avenue/Central/$129,500/2018/-$0.00
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/36/131 University Avenue/Central/$129,500/2019/-$0.00
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/37/133 University Avenue/Central/$129,500/2016/-$0.00
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/37/133 University Avenue/Central/$129,500/2017/-$0.00
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/37/133 University Avenue/Central/$129,500/2018/-$0.00
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/37/133 University Avenue/Central/$129,500/2019/-$0.00
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/38/99 Central Avenue/Central/$320,300/2016/-$0.00
*Merged into Lot 12 in 2017
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/38/99 Central Avenue/Central/$320,300/2017/-$0.00
*Merged into Lot 12 in 2017
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/42/91-97 Central Avenue/Central/$522,900/2016/$0.00
*Merged into Lot 12 in 2017
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/42/91-97 Central Avenue/Central/$522,900/2017/-$0.00
*Merged into Lot 12 in 2017
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/48/101-103 Central Avenue/Central/$82,200/2016/-$0.00
*Merged into Lot 12 in 2017
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/40/48/101-103 Central Avenue/Central/$82,200/2017/-$0.00
*Merged into Lot 12 in 2017
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/41/1/258-306 M.L. King Blvd./Central/$39,783,400/2016/-$0.00
*Merged into Lot 12 in 2017
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/41/1/258-290 M.L. King Blvd./Central/$31,266,200/2017/-$0.00
*Merged into Lot 12 in 2017
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/41/62/115-119 Central Avenue/Central/$52,100/2016/-$0.00
*Merged into Lot 12 in 2017
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/41/62/115-119 Central Avenue/Central/$52,100/2017/-$0.00
*Merged into Lot 12 in 2017
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/41/65/113 Central Avenue/Central/$42,600/2016/-$0.00
*Merged into Lot 12 in 2017
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/41/65/113 Central Avenue/Central/$42,600/2017/-$0.00
*Merged into Lot 12 in 2017
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/41/66/111 Central Avenue/Central/$48,300/2016/-$0.00
*Merged into Lot 12 in 2017
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/41/66/111 Central Avenue/Central/$48,300/2017/-$0.00
*Merged into Lot 12 in 2017
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/41/69/107-109 Central Avenue/Central/$27,883/2016/-$0.00
*Merged into Lot 12 in 2017
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/41/69/107-109 Central Avenue/Central/$47,800/2017/-$0.00
*Merged into Lot 12 in 2017
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/41/70/105 Central Avenue/Central/$47,400/2016/-$0.00
*Merged into Lot 12 in 2017
MPT of Newark, LLC and Prime Healthcare Services - St. Michael’s, LLC/41/70/105 Central Avenue/Central/$47,400/2017/-$0.00
*Merged into Lot 12 in 2017
*Refund will be applied as credit against taxes due.
Additional Information:
Total Tax Difference: - $1,210,119.63
Invitation: Corporation Counsel
body
WHEREAS, there are now pending before the Tax Court of New Jersey direct appeals challenging real property assessments in the Tax Court of New Jersey with regard to properties commonly and collectively known as St. Michael’s Medical Center for Tax Years 2016-2019, listed on the attached Schedule A, December 2019; and
WHEREAS, the City of Newark retained the law firm of DeCotiis, FitzPatrick, Cole & Giblin, LLP, to represent the interests of the City in these actions; and
WHEREAS, after review and analysis by the Tax Assessor for the City of Newark, appraisers of both the City and the taxpayer, and counsel, and after careful consideration, it is the opinion of the Tax Assessor, Corporation Counsel and Counsel that these settlements are in the best interests of the City of Newark; and
WHEREAS, the refund due as a result of the settlement shall be paid in the form of a credit against taxes due, and statutory interest, pursuant to N.J.S.A. 54:3-27.2, having been waived by the taxpayer, shall not be paid provided the credit is applied within sixty (60) days of judgment to any current and/or delinquent taxes, interest, or both, and shall remain on the account until such credit is exhausted.
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 and/or his designee, DeCotiis, FitzPatrick, Cole & Giblin, LLP, are hereby authorized to execute a Stipulation of Settlement with regard to certain properties as set forth in Schedule A, December 2019, after receipt of all documents deemed appropriate.
2. The City Clerk shall serve a copy of this resolution upon the Tax Assessor, Corporation Counsel, the Director of Finance and DeCotiis, FitzPatrick, Cole & Giblin, LLP.
STATEMENT
This resolution authorizes the Corporation Counsel and/or his designee to execute a Stipulation of Settlement with regard to Tax Appeals on properties set forth in Schedule A, December 2019.