File #: 11-0405    Version: 1 Name:
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) 378-392 Washington Street Car Wash, Inc./378-382 Washington St./112/2/Central/$2,367,900/2009/$5,478.00 378-392 Washington Street Car Wash, Inc./378-382 Washington St./112/2/Central/$2,367,900/2010/$6,360.00 Victoria Street Realty LLC/408-420 Frelinghuysen Ave/3516/20.01/South/$1,735,500/2008/$10,902.81 Victoria Street Realty LLC/408-420 Frelinghuysen Ave/3516/20.01/South/$1,735,500/2009/$11,490.11 Victoria Street Realty LLC/408-420 Frelinghuysen Ave/3516/20.01/South/$1,735,500/2010/$13,340.10 Victoria Street Realty LLC/408-420 Frelinghuysen Ave/3516/20.01/South/$1,735,500/2011/$13,340.10 (est.) Empire Realty LLC/394-398 Frelinghuysen Ave/3516/8/South/$921,400/2008/$5,754.19 Empire Realty LLC/394-398 Frelinghuysen Ave/3516/8/South/$921,400/2009/$6,064.15 Empire Realty LLC...

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)

378-392 Washington Street Car Wash, Inc./378-382 Washington St./112/2/Central/$2,367,900/2009/$5,478.00

378-392 Washington Street Car Wash, Inc./378-382 Washington St./112/2/Central/$2,367,900/2010/$6,360.00

Victoria Street Realty LLC/408-420 Frelinghuysen Ave/3516/20.01/South/$1,735,500/2008/$10,902.81

Victoria Street Realty LLC/408-420 Frelinghuysen Ave/3516/20.01/South/$1,735,500/2009/$11,490.11

Victoria Street Realty LLC/408-420 Frelinghuysen Ave/3516/20.01/South/$1,735,500/2010/$13,340.10

Victoria Street Realty LLC/408-420 Frelinghuysen Ave/3516/20.01/South/$1,735,500/2011/$13,340.10 (est.)

Empire Realty LLC/394-398 Frelinghuysen Ave/3516/8/South/$921,400/2008/$5,754.19

Empire Realty LLC/394-398 Frelinghuysen Ave/3516/8/South/$921,400/2009/$6,064.15

Empire Realty LLC/394-398 Frelinghuysen Ave/3516/8/South/$921,400/2010/$7,040.52

Empire Realty LLC/394-398 Frelinghuysen Ave/3516/8/South/$921,400/2011/$7,040.52 (est)

Empire Realty LLC/400-406 Frelinghuysen Ave/3516/10/South/$1,400/2008/$8,758.63

Empire Realty LLC/400-406 Frelinghuysen Ave/3516/10/South/$1,400/2009/$9,230.43

Empire Realty LLC/400-406 Frelinghuysen Ave/3516/10/South/$1,400/2010/$10,716.60

Empire Realty LLC/400-406 Frelinghuysen Ave/3516/10/South/$1,400/2011/$10,716.60 (est)

382 Realty LLC/382-388 Frelinghuysen Ave/3516/4/South/$825,000/2008/$5,172.01

382 Realty LLC/382-388 Frelinghuysen Ave/3516/4/South/$825,000/2009/$5,450.61

382 Realty LLC/382-388 Frelinghuysen Ave/3516/4/South/$825,000/2010/$6,328.20

382 Realty LLC/382-388 Frelinghuysen Ave/3516/4/South/$825,000/2011/$6,328.20 (est)

Total Refund/Credit: $149,511.76

Additional Information:  N/A

Invitation: Corporation Counsel, May 3, 2011