File #: 14-0561    Version: 1 Name: Stipulation of Settlements for Tax Appeals
Type: Resolution Status: Returned to Administration
File created: 4/15/2014 In control: Finance
On agenda: 7/9/2014 Final action: 7/14/2014
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) 10 Bleeker Street Properties/10-12 Bleeker Street/19/2/Central/$417,100/2010/-$1,338.78 10 Bleeker Street Properties/10-12 Bleeker Street/19/2/Central/$417,100/2011/-$1,401.09 16 Irving Street, LLC/16-20 Irving Street/821/14/North/$1,703,400/2013/-$8,974.57 16 Irving Street, LLC/16-20 Irving Street/821/14/North/$1,703,400/2014/-$20,771.40 17 Elwood Place, LLC/17-21 Elwood Place/733/9/North/$2,179,400/2013/-$20,096.65 126, LLC/112-150 Passaic Street/519/2/North/$3,000,000/2012/-$32,794.00 126, LLC/112-150 Passaic Street/519/2/North/$3,099,000/2013/-$0.00 126, LLC/112-150 Passaic Street/519/2/North/$3,000,000/2014/-$0.00 388 Realty, LLC/388 South Orange Avenue/265/6/West/$82,500/2012/-$1,688.03 765 Henry Investors, LLC/761-769 Broad Street/55/22/Central/$11,000,000/...

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)

 

10 Bleeker Street Properties/10-12 Bleeker Street/19/2/Central/$417,100/2010/-$1,338.78

10 Bleeker Street Properties/10-12 Bleeker Street/19/2/Central/$417,100/2011/-$1,401.09

16 Irving Street, LLC/16-20 Irving Street/821/14/North/$1,703,400/2013/-$8,974.57

16 Irving Street, LLC/16-20 Irving Street/821/14/North/$1,703,400/2014/-$20,771.40

17 Elwood Place, LLC/17-21 Elwood Place/733/9/North/$2,179,400/2013/-$20,096.65

126, LLC/112-150 Passaic Street/519/2/North/$3,000,000/2012/-$32,794.00

126, LLC/112-150 Passaic Street/519/2/North/$3,099,000/2013/-$0.00

126, LLC/112-150 Passaic Street/519/2/North/$3,000,000/2014/-$0.00

388 Realty, LLC/388 South Orange Avenue/265/6/West/$82,500/2012/-$1,688.03

765 Henry Investors, LLC/761-769 Broad Street/55/22/Central/$11,000,000/2009/-$6,647.55

765 Henry Investors, LLC/761-769 Broad Street/55/22/Central/$11,000,000/2010/-$7,717.86

765 Henry Investors, LLC/761-769 Broad Street/55/22/Central/$11,000,000/2011/-$8,077.06

765 Henry Investors, LLC/761-769 Broad Street/55/22/Central/$11,000,000/2012/-$8,378.00

Aero General, LLC/65-67 Jackson Street/2000/28/East/$600,000/2011/-$1,664.00

Aero General, LLC/65-67 Jackson Street/2000/28/East/$600,000/2012/-$1,726.00

AMB Property, L.P./136-158 Paris Street/2066/29/East/$818,500/2012/-$3,227.62

Amerada Hess/Pipe Line/Pipe.Line/4/East/$929,000/2012/-$6,179.08

Bloomfield GS, LLC/482 Bloomfield Avenue/646/1.02/North/$576,900/2012/-$6,904.00

Certifound, LLC/413-417 Frelinghuysen Avenue/3542/1/South/$654,900/2012/-$5,581.88

Cottage Street Orbit / Orbit Newark Dev. /26 Halsey Street/18/72/Central/$203,600/2009/-$123.26

Cottage Street Orbit / Orbit Newark Dev. /26 Halsey Street/18/72/Central/$203,600/2010/-$143.10

Cottage Street Orbit / Orbit Newark Dev. /26 Halsey Street/18/72/Central/$203,600/2011/-$149.76

Cottage Street Orbit / Orbit Newark Dev. /26 Halsey Street/18/72/Central/$203,600/2012/-$155.34

Cottage Street Orbit / Orbit Newark Dev /31-39 Central Avenue/21/8/Central/$1,400,100/2009/-$846.35

Cottage Street Orbit / Orbit Newark Dev. /31-39 Central Avenue/21/8/Central/$1,400,100/2010/-$982.62

Cottage Street Orbit / Orbit Newark Dev. /31-39 Central Avenue/21/8/Central/$1,400,100/2011/-$1,028.35

Cottage Street Orbit / Orbit Newark Dev. /31-39 Central Avenue/21/8/Central/$1,400,100/2012/-$1,066.67

Cottage Street Orbit / Orbit Newark Dev /41-43 Central Avenue/21/23/Central/$163,400/2009/-$98.60

Cottage Street Orbit / Orbit Newark Dev. /41-43 Central Avenue/21/23/Central/$163,400/2010/-$114.48

Cottage Street Orbit / Orbit Newark Dev /41-43 Central Avenue/21/23/Central/$163,400/2011/-$119.81

Cottage Street Orbit / Orbit Newark Dev /41-43 Central Avenue/21/23/Central/$163,400/2012/-$124.27

Cottage Street Orbit / Orbit Newark Dev. /14-20 West Park Street/51/2/Central/$598,200/2009/-$361.55

Cottage Street Orbit / Orbit Newark Dev. /14-20 West Park Street/51/2/Central/$598,200/2010/-$419.76

Cottage Street Orbit / Orbit Newark Dev. /14-20 West Park Street/51/2/Central/$598,200/2011/-$439.30

Cottage Street Orbit / Orbit Newark Dev. /14-20 West Park Street/51/2/Central/$598,200/2012/-$455.66

Cottage Street Orbit / Orbit Newark Dev. /12 West Park Street/51/6/Central/$53,800/2009/-$32.87

Cottage Street Orbit / Orbit Newark Dev. C/12 West Park Street/51/6/Central/$53,800/2010/-$38.16

Cottage Street Orbit / Orbit Newark Dev. C/12 West Park Street/51/6/Central/$53,800/2011/-$39.94

Cottage Street Orbit / Orbit Newark Dev. /12 West Park Street/51/6/Central/$53,800/2012/-$41.42

Cottage Street Orbit / Orbit Newark Dev. /10 West Park Street/51/7/Central/$136,200/2009/-$82.17

Cottage Street Orbit / Orbit Newark Dev. /10 West Park Street/51/7/Central/$136,200/2010/-$95.40

Cottage Street Orbit / Orbit Newark Dev. /10 West Park Street/51/7/Central/$136,200/2011/-$99.84

Cottage Street Orbit / Orbit Newark Dev. /10 West Park Street/51/7/Central/$136,200/2012/-$103.56

Cottage Street Orbit / Orbit Newark Dev. /8 West Park Street/51/8/Central/$114,900/2009/-$68.48

Cottage Street Orbit / Orbit Newark Dev. /8 West Park Street/51/8/Central/$114,900/2010/-$79.50

Cottage Street Orbit / Orbit Newark Dev. /8 West Park Street/51/8/Central/$114,900/2011/-$83.20

Cottage Street Orbit / Orbit Newark Dev. /8 West Park Street/51/8/Central/$114,900/2012/-$86.30

Cottage Street Orbit / Orbit Newark Dev., /6 West Park Street/51/9/Central/$114,900/2009/-$68.48

Cottage Street Orbit / Orbit Newark Dev. /6 West Park Street/51/9/Central/$114,900/2010/-$79.50

Cottage Street Orbit / Orbit Newark Dev. /6 West Park Street/51/9/Central/$114,900/2011/-$83.20

Cottage Street Orbit / Orbit Newark Dev. /6 West Park Street/51/9/Central/$114,900/2012/-$86.30

Cottage Street Orbit / Orbit Newark Dev. /4 West Park Street/51/10/Central/$114,900/2009/-$68.48

Cottage Street Orbit / Orbit Newark Dev. /4 West Park Street/51/10/Central/$114,900/2010/-$79.50

Cottage Street Orbit / Orbit Newark Dev. /4 West Park Street/51/10/Central/$114,900/2011/-$83.20

Cottage Street Orbit / Orbit Newark Dev. /4 West Park Street/51/10/Central/$114,900/2012/-$86.30

Cottage Street Orbit / Orbit Newark Dev., /2 West Park Street/51/11/Central/$257,600/2009/-$156.12

Cottage Street Orbit / Orbit Newark Dev. /2 West Park Street/51/11/Central/$257,600/2010/-$181.26

Cottage Street Orbit / Orbit Newark Dev. /2 West Park Street/51/11/Central/$257,600/2011/-$189.70

Cottage Street Orbit / Orbit Newark Dev. /2 West Park Street/51/11/Central/$257,600/2012/-$196.76

Cottage Street Orbit / Orbit Newark Dev. /74-78 Halsey Street/51/14/Central/$766,000/2009/-$462.89

Cottage Street Orbit / Orbit Newark Dev. /74-78 Halsey Street/51/14/Central/$766,000/2010/-$537.42

Cottage Street Orbit / Orbit Newark Dev. /74-78 Halsey Street/51/14/Central/$766,000/2011/-$562.43

Cottage Street Orbit / Orbit Newark Dev. /74-78 Halsey Street/51/14/Central/$766,000/2012/-$583.39

Cottage Street Orbit / Orbit Newark Dev. /657-659 Broad Street/51/53/Central/$425,300/2009/-$257.47

Cottage Street Orbit / Orbit Newark Dev. /657-659 Broad Street/51/53/Central/$425,300/2010/-$298.92

Cottage Street Orbit / Orbit Newark Dev., C/657-659 Broad Street/51/53/Central/$425,300/2011/-$312.83

Cottage Street Orbit / Orbit Newark Dev. /657-659 Broad Street/51/53/Central/$425,300/2012/-$324.49

Cottage Street Orbit / Orbit Newark Dev. /661-663 Broad Street/51/56/Central/$426,000/2009/-$257.47

Cottage Street Orbit / Orbit Newark Dev. /661-663 Broad Street/51/56/Central/$426,000/2010/-$298.92

Cottage Street Orbit / Orbit Newark Dev. /661-663 Broad Street/51/56/Central/$426,000/2011/-$312.83

Cottage Street Orbit / Orbit Newark Dev. /661-663 Broad Street/51/56/Central/$426,000/2012/-$324.49

Cottage Street Orbit / Orbit Newark Dev. /104-116 Halsey Street/52/10/Central/$3,160,500/2009/-$1,909.08

Cottage Street Orbit / Orbit Newark Dev., /104-116 Halsey Street/52/10/Central/$3,160,500/2010/-$2,216.46

Cottage Street Orbit / Orbit Newark Dev., /104-116 Halsey Street/52/10/Central/$3,160,500/2011/-$2,319.62

Cottage Street Orbit / Orbit Newark Dev., /104-116 Halsey Street/52/10/Central/$3,160,500/2012/-$2,406.04

Cottage Street Orbit / Orbit Newark Dev. /5 West Park Street/52/21/Central/$62,200/2009/-$38.35

Cottage Street Orbit / Orbit Newark Dev. /5 West Park Street/52/21/Central/$62,200/2010/-$44.52

Cottage Street Orbit / Orbit Newark Dev., /5 West Park Street/52/21/Central/$62,200/2011/-$46.59

Cottage Street Orbit / Orbit Newark Dev. /5 West Park Street/52/21/Central/$62,200/2012/-$48.33

Cottage Street Orbit / Orbit Newark Dev., /7 West Park Street/52/22/Central/$74,300/2009/-$43.82

Cottage Street Orbit / Orbit Newark Dev. /7 West Park Street/52/22/Central/$74,300/2010/-$50.88

Cottage Street Orbit / Orbit Newark Dev. /7 West Park Street/52/22/Central/$74,300/2011/-$53.25

Cottage Street Orbit / Orbit Newark Dev. /7 West Park Street/52/22/Central/$74,300/2012/-$55.23

Cottage Street Orbit / Orbit Newark Dev. /9-11 West Park Street/52/23/Central/$170,800/2009/-$101.34

Cottage Street Orbit / Orbit Newark Dev. /9-11 West Park Street/52/23/Central/$170,800/2010/-$117.66

Cottage Street Orbit / Orbit Newark Dev. /9-11 West Park Street/52/23/Central/$170,800/2011/-$123.14

Cottage Street Orbit / Orbit Newark Dev9-11 West Park Street/52/23/Central/$170,800/2012/-$127.72

Cottage Street Orbit / Orbit Newark Dev. /15 West Park Street/52/26/Central/$78,300/2009/-$46.56

Cottage Street Orbit / Orbit Newark Dev., /15 West Park Street/52/26/Central/$78,300/2010/-$54.06

Cottage Street Orbit / Orbit Newark Dev., /15 West Park Street/52/26/Central/$78,300/2011/-$56.58

Cottage Street Orbit / Orbit Newark Dev., /15 West Park Street/52/26/Central/$78,300/2012/-$58.68

Cottage Street Orbit / Orbit Newark Dev., /17-19 West Park Street/52/27/Central/$150,700/2009/-$90.39

Cottage Street Orbit / Orbit Newark Dev. /17-19 West Park Street/52/27/Central/$150,700/2010/-$104.94

Cottage Street Orbit / Orbit Newark Dev., /17-19 West Park Street/52/27/Central/$150,700/2011/-$109.82

Cottage Street Orbit / Orbit Newark Dev. /17-19 West Park Street/52/27/Central/$150,700/2012/-$113.92

Cottage Street Orbit / Orbit Newark Dev /689-691 Broad Street/52/38/Central/$1,026,400/2009/-$619.01

Cottage Street Orbit / Orbit Newark Dev /689-691 Broad Street/52/38/Central/$1,026,400/2010/-$718.68

Cottage Street Orbit / Orbit Newark Dev., /689-691 Broad Street/52/38/Central/$1,026,400/2011/-$752.13

Cottage Street Orbit / Orbit Newark Dev /689-691 Broad Street/52/38/Central/$1,026,400/2012/-$780.15

Cottage Street Orbit / Orbit Newark Dev., /113-119 Halsey Street/63/23/Central/$1,000,000/2009/-$605.32

Cottage Street Orbit / Orbit Newark Dev. /113-119 Halsey Street/63/23/Central/$1,000,000/2010/-$702.78

Cottage Street Orbit / Orbit Newark Dev113-119 Halsey Street/63/23/Central/$1,000,000/2011/-$735.49

Cottage Street Orbit / Orbit Newark Dev., /113-119 Halsey Street/63/23/Central/$1,000,000/2012/-$762.89

Cottage Street Orbit / Orbit Newark Dev., /79 Halsey Street/65/26/Central/$250,200/2009/-$150.65

Cottage Street Orbit / Orbit Newark Dev., /79 Halsey Street/65/26/Central/$250,200/2010/-$174.90

Cottage Street Orbit / Orbit Newark Dev., /79 Halsey Street/65/26/Central/$250,200/2011/-$183.04

Cottage Street Orbit / Orbit Newark Dev. /79 Halsey Street/65/26/Central/$250,200/2012/-$189.86

Cottage Street Orbit / Orbit Newark Dev., /85 Halsey Street/65/29/Central/$286,000/2009/-$172.56

Cottage Street Orbit / Orbit Newark Dev /85 Halsey Street/65/29/Central/$286,000/2010/-$200.34

Cottage Street Orbit / Orbit Newark Dev /85 Halsey Street/65/29/Central/$286,000/2011/-$209.66

Cottage Street Orbit / Orbit Newark Dev., /85 Halsey Street/65/29/Central/$286,000/2012/-$217.48

Elizabeth Estates, LLC/643-649 Elizabeth Avenue/3676/5/South/$1,200,000/2013/-$5,916.00

Elizabeth Estates, LLC/643-649 Elizabeth Avenue/3676/5/South/$1,200,000/2014/-$5,916.00*

L & G Realty Management, LLC/990-992 Eighteenth Avenue/4075/38/West/$667,900/2013/-$3,567.35

New West Urban Renewal Co., Ltd./23-37 University Avenue/47/40/Central/$706,800/2012/-$2,803.02

Palatine Hill, LLC/667-683 Ferry Street/2402/8/East/$2,713,600/2013/-$24,196.44

Prospect Apartments, LLC/324-326 Mount Prospect Avenue/579.01/28/North/$1,480,000/2012/-$3,452.00

Prospect Apartments, LLC/324-326 Mount Prospect Avenue/579.01/28/North/$2,449,200/2013/-$20,682.34

Rei, Jose/223 Oliver Street/956/17.01/East/$79,400/2010/-$1,354.68

Rei, Jose/223 Oliver Street/956/17.01/East/$79,400/2011/-$1,264.64

Rei, Jose/223 Oliver Street/956/17.01/East/$79,400/2012/-$1,291.05

Rei, Jose/227 Oliver Street/956/17.02/East/$79,400/2010/-$1,332.42

Rei, Jose/227 Oliver Street/956/17.02/East/$79,400/2011/-$1,238.02

Rei, Jose/227 Oliver Street/956/17.02/East/$79,400/2012/-$1,266.88

Rei, Jose/229 Oliver Street/956/17.03/East/$79,400/2010/-$1,354.68

Rei, Jose/229 Oliver Street/956/17.03/East/$79,400/2011/-$1,264.64

Rei, Jose/229 Oliver Street/956/17.03/East/$79,400/2012/-$1,291.05

Rei, Jose/233 Oliver Street/956/17.04/East/$79,300/2010/-$1,287.90

Rei, Jose/233 Oliver Street/956/17.04/East/$79,300/2011/-$1,184.77

Rei, Jose/233 Oliver Street/956/17.04/East/$79,300/2012/-$1,208.20

Rei, Jose/235 Oliver Street/956/17.05/East/$77,800/2010/-$1,272.00

Rei, Jose/235 Oliver Street/956/17.05/East/$77,800/2011/-$1,171.46

Rei, Jose/235 Oliver Street/956/17.05/East/$77,800/2012/-$1,197.84

Rei, Jose/237-239 Oliver Street/956/17.06/East/$80,900/2010/-$1,303.80

Rei, Jose/237-239 Oliver Street/956/17.06/East/$80,900/2011/-$1,198.08

Rei, Jose/237-239 Oliver Street/956/17.06/East/$80,900/2012/-$1,222.01

Sharpmore Holding, Inc./63-75 Riverside Avenue/614/69/North/$198,000/2009/-$873.74

Sharpmore Holding, Inc./63-75 Riverside Avenue/614/69/North/$198,000/2010/-$1,014.42

Sharpmore Holding, Inc./63-75 Riverside Avenue/614/69/North/$198,000/2011/-$1,061.63

Sharpmore Holding, Inc./63-75 Riverside Avenue/614/69/North/$198,000/2012/-$1,101.19

Wilson Avenue Associates/73-83 Wilson Avenue/2032/10/East/$2,500,000/2012/-$17,260.00

Wilson Avenue Associates/69-87 Alyea Street/2033/9.04/East/$1,100,000/2012/-$6,904.00

 

    

Additional Information: 

 Total Tax Difference: -$291,503.81                  

Invitation: Corporation Counsel, July 8, 2014

Deferred 7R5-b 070914

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.