Title
Dept/ Agency: Finance
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Purpose: Private sale & assignment of Tax Sale Certificate
Entity Name: Wyolene H. Cuttino
Entity Address: 315 Pine St., Roselle, New Jersey 07203
Amount of Sale: $17,879.92
Cert. No./Tax Sale Date/Block/Lot/Location/Ward/Property Type
2011-3877/12/28/11/Bl.3721/Lot 71/326-328 Hobson Street/South/Residential
Additional Information:
Body
WHEREAS, N.J.S.A. 54:5-113 provides that a municipality which has acquired tax sale certificates for delinquent taxes may, by resolution, assign such certificates at a private sale for an amount not less than the amount of the municipal liens; and
WHEREAS, the City of Newark desires to assign the following tax sale certificate presently held by the City:
Certificate No. |
Tax Sale Date |
Block/Lot |
P/A |
Amount |
2011-3877 |
12/28/2011 |
3721/71 |
326-328 Hobson St. |
$17,879.92 |
|
|
|
|
|
|
|
|
TOTAL |
$17,879.92 |
WHEREAS, the City of Newark authorizes the private sale and assignment of the above listed Tax Sale Certificate to Wyolene H. Cuttino, 315 Pine Street, Roselle, New Jersey, 07203; and
WHEREAS, in consideration for assigning the above Tax Sale Certificate, Wyolene H. Cuttino, shall pay to the City of Newark $17,879.92 (Seventeen Thousand Eight Hundred Seventy Nine Dollars and Ninety Two Cent), for unpaid taxes and water/sewer charges for the Tax Sale Certificate and all cost incidental to said lien assignment; and
WHEREAS, pursuant to N.J.S.A. 54:5-114, the Tax Collector shall notify the owner(s) by mail and post such notice in three public places at least five days prior to the adoption of this resolution and has published notice of assignment in a newspaper of general circulation within 5 days prior to the adoption of the resolution.
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
1. Pursuant to N.J.S.A. 54:5-113, the City of Newark is authorized to assign certificate no. 2011-3877 as listed above at a private sale to Wyolene H. Cuttino, 315 Pine Street, Roselle, New Jersey 07203 for consideration in the amount of $17,879.92, for unpaid taxes, property taxes, utilities, redemption fees and subsequent charges including current taxes.
2.
The Tax Collector shall have the authority to cancel this assignment should redemption occur prior to the completion of this assignment. .
3. Assignment of Tax Sale Certificate no. 2011-3877 shall first be reviewed and approved, as to form and legality by the Corporation Counsel of the City of Newark.
4. The Tax Collector shall provide proper notice pursuant to N.J.S.A. 54:5-114 as more described above.
STATEMENT
To assign Tax Sale Certificate no. 2011-3877 by assignment pursuant to N.J.S.A 54:5-113.