City of Newark - File #: 11-0404

• File #: 11-0404
• Version: 2
• Type: Resolution
• Status: Adopted
• File created: 4/18/2011
• In control: Finance
• On agenda: 5/4/2011
• Final action: 5/4/2011
• 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) Verizon-New Jersey Inc./87-99 Williams St./74/34/Central/$26,519,700/2009/$327,250.24 Verizon-New Jersey Inc./87-99 Williams St./74/34/Central/$15,291,900/2010/$22,896.00 Verizon-New Jersey Inc./87-99 Williams St./74/34/Central/$15,291,900/2011/$22,896.00 (est.) Hess Realty Corp./981 Delancy St./5074/25.01/East/$11,003,200/2010/$47,801.76 Total Refund/Credit: $420,844.00 Additional Information: N/A Invitation: Corporation Counsel, May 3, 2011

Date	Ver.	Action By	Action	Result
5/4/2011	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)

Verizon-New Jersey Inc./87-99 Williams St./74/34/Central/$26,519,700/2009/$327,250.24

Verizon-New Jersey Inc./87-99 Williams St./74/34/Central/$15,291,900/2010/$22,896.00

Verizon-New Jersey Inc./87-99 Williams St./74/34/Central/$15,291,900/2011/$22,896.00 (est.)

Hess Realty Corp./981 Delancy St./5074/25.01/East/$11,003,200/2010/$47,801.76

Total Refund/Credit: $420,844.00

Additional Information:  N/A

Invitation: Corporation Counsel, May 3, 2011