File #: 11-0679    Version: 1 Name:
Type: Resolution Status: Adopted
File created: 6/22/2011 In control: Finance
On agenda: 7/7/2011 Final action: 7/7/2011
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) Morris Newark Wilson Assoc. LLC/41-99 Avenue L/ 5038/70/East/$13,991,700.00/2010/$69,037.80 Thirty Three Queen Rlty, Inc./366-380 Frelinghuysen Ave/3516/1/South/$7,300,000.00/2008/$45,612.45 Thirty Three Queen Rlty, Inc./366-380 Frelinghuysen Ave/3516/1/South/$7,300,000.00/2009/$48,069.45 Thirty Three Queen Rlty, Inc./366-380 Frelinghuysen Ave/3516/1/South/$7,300,000.00/2010/$55,809.00 Thirty Three Queen Rlty, Inc./366-380 Frelinghuysen Ave/3516/1/South/$7,300,000.00/2011/$55,809.00 (est) Total Settlement Amount: Not to exceed $274,337.70 Additional Information: N/A Invitation: Corporation Counsel, July 6, 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)

Morris Newark Wilson Assoc. LLC/41-99 Avenue L/ 5038/70/East/$13,991,700.00/2010/$69,037.80

Thirty Three Queen Rlty, Inc./366-380 Frelinghuysen Ave/3516/1/South/$7,300,000.00/2008/$45,612.45

Thirty Three Queen Rlty, Inc./366-380 Frelinghuysen Ave/3516/1/South/$7,300,000.00/2009/$48,069.45

Thirty Three Queen Rlty, Inc./366-380 Frelinghuysen Ave/3516/1/South/$7,300,000.00/2010/$55,809.00

Thirty Three Queen Rlty, Inc./366-380 Frelinghuysen Ave/3516/1/South/$7,300,000.00/2011/$55,809.00 (est)

Total Settlement Amount: Not to exceed $274,337.70

Additional Information:  N/A

Invitation: Corporation Counsel, July 6, 2011