File #: 11-0307    Version: 1 Name:
Type: Resolution Status: Adopted
File created: 4/1/2011 In control: Finance
On agenda: 4/20/2011 Final action: 4/20/2011
Title: Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Stipulation of Settlements for Tax Appeals List of Property: Taxpayer/Address/Block/Lot/Ward/Assessment/Year/Refund Amount 36 Realty Management, LLC/36-44 Irving Street/816/39/North/$884,100.00/2007/$0.00 36 Realty Management, LLC/36-44 Irving Street/816/39/North/$884,100.00/2008/$0.00 36 Realty Management, LLC/36-44 Irving Street/816/39/North/$884,100.00/2009/$1,618.75 683-685 Broad Realty, LLC/683-687 Broad Street/52/34/Central/$2,100,000.00/2009/$8,217.00 683-685 Broad Realty, LLC/683-687 Broad Street/52/34/Central/$2,100,000.00/2010/$9,540.00 MLK Newark 2007, LLC/624-626 ML King Blvd/103/45/Central/$1,058,700.00/2009/$5,478.00 MLK Newark 2007, LLC/624-626 ML King Blvd/103/45/Central/$1,058,700.00/2010/$6,360.00 Newark Housing Authority/147-191 Mulberry Street/165/1.05/East/$240,000,000.00/2009/$0.00 RBH Group Partners c/o Latham Mgt/212-240 Berlin Street/2052/30/East/$2,160,200.00/2009/$1...

Title

Dept/ Agency: Finance

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

Purpose: Stipulation of Settlements for Tax Appeals

List of Property:

Taxpayer/Address/Block/Lot/Ward/Assessment/Year/Refund Amount

36 Realty Management, LLC/36-44 Irving Street/816/39/North/$884,100.00/2007/$0.00

36 Realty Management, LLC/36-44 Irving Street/816/39/North/$884,100.00/2008/$0.00

36 Realty Management, LLC/36-44 Irving Street/816/39/North/$884,100.00/2009/$1,618.75

683-685 Broad Realty, LLC/683-687 Broad Street/52/34/Central/$2,100,000.00/2009/$8,217.00

683-685 Broad Realty, LLC/683-687 Broad Street/52/34/Central/$2,100,000.00/2010/$9,540.00

MLK Newark 2007, LLC/624-626 ML King Blvd/103/45/Central/$1,058,700.00/2009/$5,478.00

MLK Newark 2007, LLC/624-626 ML King Blvd/103/45/Central/$1,058,700.00/2010/$6,360.00

Newark Housing Authority/147-191 Mulberry Street/165/1.05/East/$240,000,000.00/2009/$0.00

RBH Group Partners c/o Latham Mgt/212-240 Berlin Street/2052/30/East/$2,160,200.00/2009/$16,401.13

RBH Group Partners c/o Latham Mgt/212-240 Berlin Street/2052/30/East/$2,160,200.00/2010/$19,041.84

RBH Group Partners I, L.P./242-250 Berlin Street/2487/38/East/$500,800.00/2009/$6,847.50

RBH Group Partners I, L.P./242-250 Berlin Street/2487/38/East/$500,800.00/2010/$7,950.00

RBH Group Partners IX, LP RBH TRB 93 Market, LLC/93-95 Market Street/72/6/Central/$365,000.00/2009/$1,021.65

RBH Group Partners IX, LP RBH TRB 93 Market, LLC/93-95 Market Street/72/6/Central/$365,000.00/2010/$1,186.14

RBH Group Partners IX, LP RBH TRB 93 Market, LLC/97-99 Market Street/72/5/Central/$265,000.00/2009/$758.70

RBH Group Partners IX, LP RBH TRB 93 Market, LLC/97-99 Market Street/72/5/Central/$265,000.00/2010/$880.86

RBH Group Partners IX, LP/907-913 Broad Street/93/24/Central/$3,593,500.00/2009/$29,063.53

RBH Group Partners IX, LP/903-905 Broad Street/93/22/Central/$2,017,800.00/2009/$15,804.03

RBH Group Partners IX, LP/899-901 Broad Street/93/19/Central/$540,100.00/2009/$4,029.07

RBH Group Partners II, LP/69-71 Market Street/72/17/Central/$862,200.00/2009/$1,500.97

RBH Group Partners II, LP/69-71 Market Street/72/17/Central/$862,200.00/2010/$1,742.64

RBH Group Partners c/o BRT Realty RBH TRB 77 Market LLC/77-79 Market Street/72/13/Central/$1,854,300.00/2009/$6,499.65

RBH Group Partners c/o BRT Realty RBH TRB 77 Market LLC/77-79 Market Street/72/13/Central/$1,854,300.00/2010/$7,546.14

RBH Group Partners c/o BRT Realty RBH TRB 77 Market LLC/75 Market Street/72/15/Central/$625,900.00/2009/$2,739.00

RBH Group Partners c/o BRT Realty RBH TRB 77 Market LLC/75 Market Street/72/15/Central/$625,900.00/2010/$3,180.00

RBH Group Partners c/o BRT Realty/73 Market Street/72/16/Central/$550,000.00/2009/$1,835.13

RBH Group Partners, LP c/o BRT RBH 101 Market L/101-103 Market Street/72/4/Central/$297,900.00/2009/$635.45

RBH Group Partners, LP c/o BRT RBH 101 Market L/101-103 Market Street/72/4/Central/$297,900.00/2010/$9,473.22

RBH Group Partners, LPC/RBT R/241-251 Washington Street/72/1/Central/$492,100.00/2009/$1,202.42

RBH Group Partners, LPC/RBT R/241-251 Washington Street/72/1/Central/$492,100.00/2010/$1,396.02

RBH Group Partners X RBH TRB 1015 Broad LLC/420-424 Halsey Street/117/23/Central/$1,122,000.00/2009/$6,447.61

RBH Group Partners X RBH TRB 1015 Broad LLC/420-424 Halsey Street/117/23/Central/$1,122,000.00/2010/$7,485.72

RBH Group Partners XII, L.P. RBH TRB 1015 Broad/1013 Broad Street/118/5/Central/$296,400.00/2009/$1,580.40

RBH Group Partners XII, L.P. RBH TRB 1015 Broad/1013 Broad Street/118/5/Central/$296,400.00/2010/$1,834.86

RBH Group Partners/1015-1017 Broad Street/118/7/Central/$738,400.00/2009/$4,346.79

RBH Group Partners/1015-1017 Broad Street/118/7/Central/$738,400.00/2010/$5,046.66

RBH Group Partners XV, LP c/o BRT RBH TRB 89 Market LLC/89-91 Market Street/72/7/Central/$1,244,300.00/2009/$3,774.34

RBH Group Partners XV, LP c/o BRT RBH TRB 89 Market LLC/89-91 Market Street/72/7/Central/$1,244,300.00/2010/$4,382.04

Sumo Prime Corp/472-474 Market Street/173/3/East/$1,050,000.00/2008/$3,248.75

Sumo Prime Corp/472-474 Market Street/173/3/East/$1,050,000.00/2009/$3,423.75

Sumo Realty Inc/2-16 Wheeler Pt Rd/1095/1/East/$863,300.00/2006/$7,818.60

Sumo Realty Inc/2-16 Wheeler Pt Rd/1095/1/East/$863,300.00/2007/$10,204.02

West Market Urban Renewal Corp/334-350 W Market Street/1834/1.01/West/$1,697,200.00/2008/$2,526.23

West Market Urban Renewal Corp/334-350 W Market Street/1834/1.01/West/$1,697,000.00/2009/$7,474.73

Additional Information:  Total Refund/Credit $241,543.34

Invitation: Corporation Counsel, April 19, 2011