Title
Dept/ Agency: Finance
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Purpose: Foreclosure of 56 properties
List of Property:
(Address/Block/Lot/Ward)
RESOLUTION AUTHORIZING THE IN-REM TAX FORECLOSURE OF 46 TAX SALE CERTIFICATES AND RELATED PROPERTIES.
Additional Information:
Exhibit A Attached
body
WHEREAS, the City of Newark is currently holding Tax Sale certificates relating to 46 properties that represent the 2023 In-Rem Tax Foreclosure List (Exhibit A) and,
WHEREAS, in accordance with the In-Rem Foreclosure Act of 1948, N.J.S.A. 54:5-104.29 et seq., and the laws amendatory and supplementary thereto for the eligible tax sale certificates, the City of Newark is commencing with In-Rem Foreclosure proceedings.
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE OF NEWARK, NEW JERSEY, THAT:
1. The City of Newark shall commence with In-rem Foreclosure proceedings in accordance with the In-Rem Tax Foreclosure Act (1948), N.J.S.A. 54:5-104.29 et seq., and the laws amendatory and supplementary thereto, and pursuant to the rules governing civil practice in the Courts of the State of New Jersey for eligible tax sale certificates held by it, and the relating property, as listed on the 2023 tax Foreclosure List (Exhibit A) appended hereto and made a part hereof. In the event that there are Federal Liens on the property, the City of Newark may Foreclose In-Personam with a Sheriff's sale to remove any Federal Liens.
2. The Tax Collector is the custodian of the Tax Foreclosure List, and shall perform the work required of the Tax Office, and the Law Department shall perform all legal processes that are necessary to foreclose the Tax Sale Certificates for the 46 properties identified on the 2023 Tax Foreclosure List (Exhibit A) which will be certified to by the Tax Collector.
3. The amount to redeem as shown does not include the 2023 second half billing or any delinquent wa...
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