File #: 10-1715    Version: 1 Name:
Type: Resolution Status: Adopted
File created: 12/23/2010 In control: Finance
On agenda: 1/5/2011 Final action: 1/5/2011
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 City National Bank of NJ/894-900 Broad St/865/1/East/$3,027,400.00/2008/$5,198.00 City National Bank of NJ/894-900 Broad St/865/1/East/$2,927,400.00/2009/$4,859.00 Corp of the Presiding Bishop/236-238 MLK Blvd/43/48/Central/$228,400.00/2010/$2,683.92 Felicia's Apartments LLC/478-482 Clifton Ave/608/13/North/$870,900.00/2009/$2,739.00 Felicia's Apartments LLC/478-482 Clifton Ave/608/13/North/$870,900.00/2010/$3,180.00 Newark Farmers Market Inc/1-43 Joseph St/2409/1/East/$1,400,000.00/2008/$2,599.00 Newark Farmers Market Inc/1-43 Joseph St/2409/1/East/$1,400,000.00/2009/$2,739.00 Newark Farmers Market Inc/1-43 Joseph St/2409/1/East/$1,400,000.00/2010/$3,180.00 Paramount Holding Co LLC/169-183 Mt. Pleasant Aven/440/7/Central/$828,000.00/2010/$3,180.00 Romar Urban Renewal Corp ...

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

City National Bank of NJ/894-900 Broad St/865/1/East/$3,027,400.00/2008/$5,198.00

City National Bank of NJ/894-900 Broad St/865/1/East/$2,927,400.00/2009/$4,859.00

Corp of the Presiding Bishop/236-238 MLK Blvd/43/48/Central/$228,400.00/2010/$2,683.92

Felicia's Apartments LLC/478-482 Clifton Ave/608/13/North/$870,900.00/2009/$2,739.00

Felicia's Apartments LLC/478-482 Clifton Ave/608/13/North/$870,900.00/2010/$3,180.00

Newark Farmers Market Inc/1-43 Joseph St/2409/1/East/$1,400,000.00/2008/$2,599.00

Newark Farmers Market Inc/1-43 Joseph St/2409/1/East/$1,400,000.00/2009/$2,739.00

Newark Farmers Market Inc/1-43 Joseph St/2409/1/East/$1,400,000.00/2010/$3,180.00

Paramount Holding Co LLC/169-183 Mt. Pleasant Aven/440/7/Central/$828,000.00/2010/$3,180.00

Romar Urban Renewal Corp etc/209-211 Chestnut St/948/21/East/$283,000.00/2007/$498.00

Romar Urban Renewal Corp etc/209-211 Chestnut St/948/21/East/$283,000.00/2008/$519.80

Wainwright 2007 Associates LLC/214-218 Wainwright St/3734/96/South/$683,200.00/2008/$862.87

Wainwright 2007 Associates LLC/214-218 Wainwright St/3734/96/South/$683,200.00/2009/$2,278.85

Wainwright 2007 Associates LLC/214-218 Wainwright St/3734/96/South/$683,200.00/2010/$2,645.76

Webcraft Chemicals Inc/78-82 Wheeler Point Rd/5088/38/East/$765,000.00/2008/$1,039.60

Webcraft Chemicals Inc/78-82 Wheeler Point Rd/5088/38/East/$765,000.00/2009/$2,054.25

Additional Information:  Total Refund/Credit: $40,257.03

Invitation: Corporation Counsel, January 4, 2011