City of Newark - File #: 21-0890

• File #: 21-0890
• Version: 1
• Name: Resolution: Stipulation of Settlements for Tax Appeals
• Type: Resolution
• Status: Adopted
• File created: 6/17/2021
• In control: Finance
• On agenda: 9/1/2021
• Final action: 9/1/2021
• 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) Washington Park Fidelco, LLC/32/18.01/C1/471-495 Broad Street/East/2013/$1,326,000/-$0.00 Washington Park Fidelco, LLC/32/18.01/C1/471-495 Broad Street/East/2014/$1,326,000/-$0.00 Washington Park Fidelco, LLC/32/18.01/C1/471-495 Broad Street/East/2015/$1,326,000/-$0.00 Washington Park Fidelco, LLC/32/18.01/C1/471-495 Broad Street/East/2016/$1,326,000/-$0.00 Washington Park Fidelco, LLC/32/18.01/C1/471-495 Broad Street/East/2017/$1,326,000/-$0.00 Washington Park Fidelco, LLC/32/18.01/C1/471-495 Broad Street/East/2018/$1,326,000/-$0.00 Washington Park Fidelco, LLC/32/18.01/C1/471-495 Broad Street/East/2019/$1,326,000/-$0.00 Washington Park Fidelco, LLC/32/18.01/C1/471-495 Broad Street/East/2020/$1,326,000/-$0.00 Washington Park Fidelco, LLC/32/18.01/C3/471-495 Broad Street/...
• Sponsors: Council of the Whole

Date	Ver.	Action By	Action	Result
9/1/2021	1	Municipal Council	Adopt	Pass

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)
Washington Park Fidelco, LLC/32/18.01/C1/471-495 Broad Street/East/2013/$1,326,000/-$0.00
Washington Park Fidelco, LLC/32/18.01/C1/471-495 Broad Street/East/2014/$1,326,000/-$0.00
Washington Park Fidelco, LLC/32/18.01/C1/471-495 Broad Street/East/2015/$1,326,000/-$0.00
Washington Park Fidelco, LLC/32/18.01/C1/471-495 Broad Street/East/2016/$1,326,000/-$0.00
Washington Park Fidelco, LLC/32/18.01/C1/471-495 Broad Street/East/2017/$1,326,000/-$0.00
Washington Park Fidelco, LLC/32/18.01/C1/471-495 Broad Street/East/2018/$1,326,000/-$0.00
Washington Park Fidelco, LLC/32/18.01/C1/471-495 Broad Street/East/2019/$1,326,000/-$0.00
Washington Park Fidelco, LLC/32/18.01/C1/471-495 Broad Street/East/2020/$1,326,000/-$0.00
Washington Park Fidelco, LLC/32/18.01/C3/471-495 Broad Street/East/2013/$16,576,300/-$0.00
Washington Park Fidelco, LLC/32/18.01/C3/471-495 Broad Street/East/2014/$16,576,300/-$0.00
Washington Park Fidelco, LLC/32/18.01/C3/471-495 Broad Street/East/2015/$13,000,000/-$118,339.77
Washington Park Fidelco, LLC/32/18.01/C3/471-495 Broad Street/East/2016/$13,000,000/-$123,024.72
Washington Park Fidelco, LLC/32/18.01/C3/471-495 Broad Street/East/2017/$13,000,000/-$127,316.28
Washington Park Fidelco, LLC/32/18.01/C3/471-495 Broad Street/East/2018/$13,000,000/-$132,072.76
Washington Park Fidelco, LLC/32/18.01/C3/471-495 Broad Street/East/2019/$13,000,000/-$134,504.64
Washington Park Fidelco, LLC/32/18.01/C3/471-495 Broad Street/East/2020/$14,576,300/-$97,899.40
Additional Information:
Total tax credit: $733,157.57
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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 r...