City of Newark - File #: 10-1132

• File #: 10-1132
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 8/12/2010
• In control: Finance
• On agenda: 9/1/2010
• Final action: 9/1/2010
• 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 Blackacre Newark Fee Holder/60-66 Park Place/125/1/Central/$17,500,000/2008/$37,035.75 Blackacre Newark Fee Holder/60-66 Park Place/125/1/Central/$17,500,000/2009/$54,780.00 Military Park Building LLC (formerly Blackacre Newark Fee Holder LLC)/60-66 Park Place/125/1/Central/$16,750,000/2010/$58,888.50 Washington Park Fidelco LLC/475-495 Broad Street/32/18/Central/$38,000,000/2006/$74,700.00 Additional Information: Total Refund/Credit: $225,404.25

Date	Ver.	Action By	Action	Result
9/1/2010	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

Blackacre Newark Fee Holder/60-66 Park Place/125/1/Central/$17,500,000/2008/$37,035.75

Blackacre Newark Fee Holder/60-66 Park Place/125/1/Central/$17,500,000/2009/$54,780.00

Military Park Building LLC (formerly Blackacre Newark Fee Holder LLC)/60-66 Park Place/125/1/Central/$16,750,000/2010/$58,888.50

Washington Park Fidelco LLC/475-495 Broad Street/32/18/Central/$38,000,000/2006/$74,700.00

Additional Information:  Total Refund/Credit: $225,404.25