City of Newark - File #: 09-1147

• File #: 09-1147
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 7/28/2009
• In control: Finance
• On agenda: 8/5/2009
• Final action: 8/5/2009
• Title: Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Stipulation of Settlements for Tax Appeals List of Property: Entity Name/Blk/Lot/Street Address/Ward/Assessment/Year/Settlement Assessment/Difference/Refund/Credit Prudential Ins Co of America/54/40/739-759 Broad St/Central/$101,165,000/2003/$60,269,931/$40,895,069/$883,333.49 Prudential Ins Co of America/54/40/739-759 Broad St/Central/$101,165,000/2004/$62,079,447/$39,085,553/$883,333.50 Prudential Ins Co of America/54/40/739-759 Broad St/Central/$101,165,000/2005/$62,759,196/$38,405,804/$883,333.49 Prudential Ins Co of America/54/40/739-759 Broad St/Central/$101,165,000/2006/$65,689,759/$35,475,241/$883,333.50 Prudential Ins Co of America/54/40/739-759 Broad St/Central/$101,165,000/2007/$65,689,759/$35,475,241/$883,333.50 Prudential Ins Co of America/54/40/739-759 Broad St/Central/$101,165,000/2008/$67,177,563/$33,987,437/$883,333.49 Total Refund/Credit: $5,300,000.97 Additional Information...

Date	Ver.	Action By	Action	Result
8/5/2009	1	Municipal Council	Adopt	Pass

Title

Dept/ Agency: Finance

Action:  (   ) Ratifying     (X) Authorizing     (  ) Amending

Purpose: Stipulation of Settlements for Tax Appeals

List of Property:

Entity Name/Blk/Lot/Street Address/Ward/Assessment/Year/Settlement Assessment/Difference/Refund/Credit

Prudential Ins Co of America/54/40/739-759 Broad St/Central/$101,165,000/2003/$60,269,931/$40,895,069/$883,333.49

Prudential Ins Co of America/54/40/739-759 Broad St/Central/$101,165,000/2004/$62,079,447/$39,085,553/$883,333.50

Prudential Ins Co of America/54/40/739-759 Broad St/Central/$101,165,000/2005/$62,759,196/$38,405,804/$883,333.49

Prudential Ins Co of America/54/40/739-759 Broad St/Central/$101,165,000/2006/$65,689,759/$35,475,241/$883,333.50

Prudential Ins Co of America/54/40/739-759 Broad St/Central/$101,165,000/2007/$65,689,759/$35,475,241/$883,333.50

Prudential Ins Co of America/54/40/739-759 Broad St/Central/$101,165,000/2008/$67,177,563/$33,987,437/$883,333.49

Total Refund/Credit:  $5,300,000.97

Additional Information:  N/A

Invitation: Corporation Counsel, August 4, 2009