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File #: 19-1042    Version: 1 Name: In-Rem Tax Foreclosure
Type: Resolution Status: Adopted
File created: 6/21/2019 In control: Finance
On agenda: 8/7/2019 Final action: 8/7/2019
Title: Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: In-Rem Tax Foreclosure of 159 Properties List of Property: (Address/Block/Lot/Ward) Please see attached Additional Information:
Sponsors: Council of the Whole
Attachments: 1. 19-1042 certified resolution.pdf
Title
Dept/ Agency: Finance
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Purpose: In-Rem Tax Foreclosure of 159 Properties
List of Property:
(Address/Block/Lot/Ward)
Please see attached
Additional Information:

body

WHEREAS, the City of Newark is currently holding Tax Sale certificates relating to 265 properties that represent the 2019 Tax Foreclosure List (Exhibit A); and
WHEREAS, in accordance with the In-Rem Foreclosure Act (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 wishes to commence with In-Rem Foreclosure proceedings.
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY 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 2019 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 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. The Law Department shall perform all legal processes that are necessary to foreclose the tax sale certificates for the 159 properties identified on the 2019 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 2019 2nd half billing. The interest shown is calculated to December 31, 2019. Therefore, upon redemption, the amount to redeem will be adjusted accordingly to the dat...

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