NO. 271
OFFERED BY: MENESES SECONDED BY: SASSO ______
WHEREAS, 145 Liberty St. Realty Co. is the owner and taxpayer of certain real property designated as Block 86, Lot 18 and known as 145 Liberty Street; and
WHEREAS, the taxpayer filed an appeal to its 2003 real property tax assessment which matter is presently pending in the Tax Court of New Jersey; and
WHEREAS, the yearly assessment is $256,200; and
WHEREAS, upon review of information supplied, a reduction appears appropriate; and
WHEREAS, it is the recommendation of the Tax Attorney and Tax Assessor that these matters should be settled; and
WHEREAS, said settlement is in the best interest of the City of Hackensack;
NOW THEREFORE BE IT RESOLVED by the Mayor and Council of the City of Hackensack that the Tax Counsel be and is hereby authorized and directed to execute any and all documents, including requests for application of the Freeze Act (N.J.S.A. 54:51A-8); which may be necessary to effectuate the settlement of litigation entitled “145 Liberty St. Realty Co. v. Hackensack”, Docket No: 005518-2003, presently pending in the Tax Court of New Jersey, so that the assessment for 2003 shall be reduced to $167,000; and
BE IT FURTHER RESOLVED, that the foregoing settlement is predicated upon a full waiver of any interest payable to the taxpayer on the refund.
Roll Call: Ayes – Melfi, Sasso, Meneses, McAuliffe, Townes
NO. 272
OFFERED BY: MENESES SECONDED BY: SASSO ______
WHEREAS, Glen View Assoc. is the owner and taxpayer of certain real property known as Block 242.B, Lot 3, designated as 95-167 Tracy Place; and
WHEREAS, the taxpayer filed appeals to its 2002, 2003 and 2004 real property tax assessments which are presently pending in the Tax Court of New Jersey; and
WHEREAS, the yearly assessment is $7,427,100; and
WHEREAS, upon review of information supplied, a reduction appears appropriate; and
WHEREAS, it is the recommendation of the Tax Attorney and Tax Assessor that this matter should be settled; and
WHEREAS, said settlement is in the best interest of the City of Hackensack;
NOW THEREFORE BE IT RESOLVED by the Mayor and Council of the City of Hackensack that the Tax Counsel be and is hereby authorized and directed to execute any and all documents, including requests for application of the Freeze Act (N.J.S.A. 54:51A-8); which may be necessary to effectuate the settlement of litigation entitled “Glen View Assoc. v. City of Hackensack”, Docket Nos: 000690-2002, 000524-03 and 001781-04 presently pending in the Tax Court of New Jersey, so that the assessment be maintained at $7,427,100 for 2002 and 2003 and reduced to $7,250,000 for 2004; and
BE IT FURTHER RESOLVED, that the foregoing settlement is predicated upon a full waiver of any interest payable to the taxpayer on the refund.
Roll Call: Ayes – Melfi, Sasso, Meneses, McAuliffe, Townes
NO. 273
OFFERED BY: MENESES SECONDED BY: SASSO ______
WHEREAS, Niloc N.J. Co. is the owner and taxpayer of certain real property designated as Block 349, Lot 29, known as 279 – 293 Passaic Street; and
WHEREAS, the taxpayer filed appeals to its 2002, 2003 and 2004 real property tax assessments which matters are presently pending in the Tax Court of New Jersey; and
WHEREAS, the yearly assessment is $660,000; and
WHEREAS, upon review of information submitted, a reduction appears appropriate for both parcels; and
WHEREAS, it is the recommendation of the Tax Attorney and Tax Assessor that these matters should be settled; and
WHEREAS, said settlement is in the best interest of the City of Hackensack;
NOW THEREFORE BE IT RESOLVED by the Mayor and Council of the City of Hackensack that the Tax Counsel be and is hereby authorized and directed to execute any and all documents, including requests for the application of the Freeze Act (N.J.S.A. 54:51 A-8), which may be necessary to effectuate the settlement of litigation entitled “Niloc N.J. Co. v. Hackensack City”, Docket Nos: 002987-2002; 005500-2003 and 006783-2004, presently pending in the Tax Court of New Jersey, so that the assessment be reduced to $520,000 for 2003 and 2004 with the current assessment being retained at $660,000 for 2002; and
BE IT FURTHER RESOLVED, that the foregoing settlement is predicated upon a full waiver of any interest payable to the taxpayer on the refund.
Roll Call: Ayes – Melfi, Sasso, Meneses, McAuliffe, Townes
NO. 274
OFFERED BY: MENESES SECONDED BY: SASSO ______
WHEREAS, Stanley Lee is the owner of certain real property known as Block 511, Lot 11, designated as 54-78 Temple Avenue; and
WHEREAS, the taxpayer filed appeals to his 2002, 2003 and 2004 real property tax assessment, which matters are presently pending in the Tax Court of New Jersey; and
WHEREAS, the assessment is $815,800 for both years under appeal; and
WHEREAS, upon review of information submitted, a reduction appears appropriate; and
WHEREAS, it is the recommendation of the Tax Attorney and Tax Assessor that this matter should be settled; and
NOW THEREFORE BE IT RESOLVED by the Mayor and Council of the City of Hackensack that the Tax Counsel be and he is hereby authorized and directed to execute any and all documents, including documents providing for application of the Freeze Act (N.J.S.A. 54:51A-8), which may be necessary in order to effectuate a settlement of litigation entitled “Stanley Lee v. City of Hackensack”, Docket Nos. 001287-2002; 000427-2003 and 001772-2004, presently pending in the Tax Court of New Jersey, so that the assessment be reduced to $1,940,000 for 2004 with the assessment being maintained at $2,200,000 for 2002 and 2003; and
BE IT FURTHER RESOLVED, that the foregoing settlement is predicated upon a full waiver of any interest payable to the taxpayer on the refund.
Roll Call: Ayes – Melfi, Sasso, Meneses, McAuliffe, Townes
NO. 275
OFFERED BY: MENESES SECONDED BY: SASSO ______
WHEREAS, 139 Rt. 17 S. LLC is the owner and taxpayer of certain real property designated as Block 105, Lot 3.A and known as 139 Rt. 17 S.; and
WHEREAS, the taxpayer filed an appeal to its 2003 real property tax assessment which matter is presently pending in the Tax Court of New Jersey; and
WHEREAS, the yearly assessment is $616,500; and
WHEREAS, upon review of information supplied, a reduction appears appropriate; and
WHEREAS, it is the recommendation of the Tax Attorney and Tax Assessor that these matters should be settled; and
WHEREAS, said settlement is in the best interest of the City of Hackensack;
NOW THEREFORE BE IT RESOLVED by the Mayor and Council of the City of Hackensack that the Tax Counsel be and hereby is authorized and directed to execute any and all documents, including requests for application of the Freeze Act (N.J.S.A. 54:51A-8); which may be necessary to effectuate the settlement of litigation entitled “139 Rt. 17 S. LLC v. Hackensack”, Docket No: 005517-2003, presently pending in the Tax Court of New Jersey, so that the assessment for 2003 shall be reduced to $423,800; and
BE IT FURTHER RESOLVED, that the foregoing settlement is predicated upon a full waiver of any interest payable to the taxpayer on the refund.
Roll Call: Ayes – Melfi, Sasso, Meneses, McAuliffe, Townes
NO. 276
OFFERED BY: MENESES SECONDED BY: SASSO ______
WHEREAS, LJL Realty is the owner and taxpayer of certain real properties known as Block 349, Lot 33, designated as 401 Passaic Street and Block 349, Lot 34, designated as 402 Passaic Street; and
WHEREAS, the taxpayer filed appeals to its 2002, 2003 and 2004 real property tax assessments, which matters are presently pending in the Tax Court of New Jersey; and
WHEREAS, the yearly assessment is $685,000 for Block 349, Lot 33 and $1,065,000 for Block 349, Lot 34; and
WHEREAS, upon review of information submitted, reductions appear appropriate; and
WHEREAS, it is the recommendation of the Tax Attorney and Tax Assessor that these matters should be settled; and
WHEREAS, said settlement is in the best interest of the City of Hackensack;
NOW THEREFORE BE IT RESOLVED by the Mayor and Council of the City of Hackensack that the Tax Counsel be and is hereby authorized and directed to execute any and all documents, including requests for application of the Freeze Act (N.J.S.A. 54:51A-8), which may be necessary to effectuate the settlement of litigation entitled “LJL Realty v. City of Hackensack”, Docket Nos. 000795-2002, 000425-03 and 001768-04 presently pending in the Tax Court of New Jersey, so that the assessment for Block 349, Lot 33 be maintained at $685,000 for 2002 and reduced to $625,000 for 2003 and $585,000 for 2004; that the assessment for Block 349, Lot 34 be maintained at $1,065,000 for 2002 and reduced to $975,600 for 2003 and $915,600 for 2004; and
BE IT FURTHER RESOLVED, that the foregoing settlement is predicated upon a full waiver of any interest payable to the taxpayer on the refund.
Roll Call: Ayes – Melfi, Sasso, Meneses, McAuliffe, Townes
NO. 277
OFFERED BY: MENESES SECONDED BY: SASSO ______
WHEREAS, LJL Realty is the owner and taxpayer of certain real properties known as Block 16, Lot 16, designated as 414 Hudson Street and Block 17, Lot 1, designated as 421 Hudson Street; and
WHEREAS, the taxpayer filed appeals to its 2002, 2003 and 2004 real property tax assessments, which matters are presently pending in the Tax Court of New Jersey; and
WHEREAS, the yearly assessment is $1,750,000 for Block 16, Lot 16 and $850,000 for Block 17, Lot 1; and
WHEREAS, upon review of information submitted, reductions appear appropriate; and
WHEREAS, it is the recommendation of the Tax Attorney and Tax Assessor that these matters should be settled; and
WHEREAS, said settlement is in the best interest of the City of Hackensack;
NOW THEREFORE BE IT RESOLVED by the Mayor and Council of the City of Hackensack that the Tax Counsel be and is hereby authorized and directed to execute any and all documents, including requests for application of the Freeze Act (N.J.S.A. 54:51A-8), which may be necessary to effectuate the settlement of litigation entitled “LJL Realty v. City of Hackensack”, Docket Nos. 000792-2002; 000325-03, 001799-04, 000793-2002, 000326-03 and 001797-04 presently pending in the Tax Court of New Jersey, so that the assessment for Block 16, Lot 16 be reduced to $1,700,000 for 2002, $1,600,000 for 2003 and $1,450,000 for 2004; that the assessment for Block 17, Lot 1 be reduced to $825,000 for 2002, $775,000 for 2003 and $725,000 for 2004; and
BE IT FURTHER RESOLVED, that the foregoing settlement is predicated upon a full waiver of any interest payable to the taxpayer on the refund.
Roll Call: Ayes – Melfi, Sasso, Meneses, McAuliffe, Townes
NO. 278
OFFERED BY: MENESES SECONDED BY: SASSO ______
WHEREAS, Marshall Brothers are the owners and taxpayers of certain real property designated as Block 336, Lot 30, and known as 315 Central Avenue; and
WHEREAS, the taxpayers filed appeals to their 2003 and 2004 real property tax assessments, which matters are presently pending in the Tax Court of New Jersey; and
WHEREAS, the yearly assessment is $824,000; and
WHEREAS, upon review of information submitted, a reduction appears appropriate; and
WHEREAS, it is the recommendation of the Tax Attorney and Tax Assessor that this matter should be settled; and
WHEREAS, said settlement is in the best interest of the City of Hackensack;
NOW, THEREFORE BE IT RESOLVED by the Mayor and Council of the City of Hackensack that the Tax Counsel be and is hereby authorized and directed to execute any and all documents, including requests for application of the Freeze Act (N.J.S.A. 54:51A-8), which may be necessary to effectuate the settlement of litigation entitled “Marshall Brothers v. City of Hackensack”, Docket Nos: 000423-2003 and 001777-2004 presently pending in the Tax Court of New Jersey, so that the assessment for 2003 be retained at $824,000 and the assessment for 2004 be reduced to $770,000; and
BE IT FURTHER RESOLVED, that the foregoing settlement is predicated upon a full waiver of any interest payable to the taxpayer on the refund.
Roll Call: Ayes – Melfi, Sasso, Meneses, McAuliffe, Townes
NO. 279
OFFERED BY: MENESES SECONDED BY: SASSO ______
WHEREAS, W. & S. Karas and C. Zucchie are the owners and taxpayers of certain real property designated as Block 321, Lot 1, and known as 334-340 Park Street; and
WHEREAS, the taxpayer filed appeals to their 2002, 2003 and 2004 real property tax assessments, which matters are presently pending in the Tax Court of New Jersey; and
WHEREAS, the yearly assessment is $1,202,500; and
WHEREAS, upon review of information submitted, a reduction appears appropriate; and
WHEREAS, it is the recommendation of the Tax Attorney and Tax Assessor that this matter should be settled; and
WHEREAS, such settlement is in the best interest of the City of Hackensack;
NOW THEREFORE BE IT RESOLVED by the Mayor and Council of the City of Hackensack that the Tax Counsel be and is hereby authorized and directed to execute any and all documents, including requests for application of the Freeze Act (N.J.S.A. 54:51A-8), which may be necessary to effectuate the settlement of litigation entitled “Karas, W & S & Zucchie, E. v. City of Hackensack”, Docket Nos: 000688-2002, 000525-2003 and 001780-2004 presently pending in the Tax Court of New Jersey, so that the assessment for 2002 be retained at $1,202,500, the assessment for 2003 be reduced to $1,175,000 and the assessment for 2004 be reduced to $1,100,000; and