TOWNSHIP OF RARITAN

COUNTY OF HUNTERDON, NEW JERSEY

RESOLUTION #15-133

Authorizing the Township Attorney to Enter Into a Stipulation of Settlement Relative to the Tax Appeal captioned 206 Bedford Falls, LLC v. Raritan Township, Tax Court of New Jersey, Docket Nos.: 015421-2012; 011237-2013 and 011966-2014.

WHEREAS, 206 Bedford Falls, LLC (“Taxpayer”), the owner of 206 Highway 202-31, Block 71, Lot 5 (“Property”) on the Township of Raritan’s Tax Assessment Maps, filed an appeal of its 2012, 2013 and 2014 tax assessments in the Tax Court of New Jersey, Docket Nos.: 015421-2012; 011237-2013 and 011966-2014; and

WHEREAS, the Township Committee of the Township of Raritan met and discussed the aforesaid tax appeal and the recommendations of its Township Tax Assessor and Township Attorney; and

WHEREAS, the form of Stipulation of Settlement is annexed hereto, having been reviewed by the Township Committee of the Township of Raritan; and

WHEREAS, an acceptable settlement of the aforesaid tax appeal has been negotiated in which the Taxpayer agrees to withdraw all of the tax appeals on the Property, and that subject to the conditions in the annexed form of Stipulation of Settlement, the 2015 total tax assessment will remain unchanged for the 2016, 2017, and 2018 tax years; and

WHEREAS, the Township Attorney and Tax Assessor recommend the settlement because as a result of the settlement all of the tax appeals will be dismissed; and

WHEREAS, the Township Attorney and Tax Assessor also recommend the settlement because based upon the conditions in the annexed Stipulation of Settlement, the Assessor will not be substantially circumscribed from performing her assessing functions in the 2016, 2017 and/or 2018 tax years; and

WHEREAS, the aforesaid settlement has no general application to other properties within the Township of Raritan as a result of the aforesaid specific facts situation; and

Resolution #15-133

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WHEREAS, the Township Committee will make this settlement with the Taxpayer without prejudice to its dealing with any other Raritan Township taxpayer’s request for tax assessment reduction.

NOW, THEREFORE, BE IT RESOLVED by the Township Committee of the Township of Raritan, County of Hunterdon, State of New Jersey, as follows:

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1. The Township Attorney is authorized to execute a Stipulation of Settlement in the form annexed hereto, relative to the tax appeal of 206 Bedford Falls, LLC in the Tax Court of New Jersey, Docket Nos.: 015421-2012; 011237-2013 and 011966-2014, with regard to the property located at 206 Highway 202-31, Block 71, Lot 5 (the “Property”), which Stipulation of Settlement provides that all of these tax appeals will be withdrawn and dismissed; and the settlement further provides that that subject to the conditions in the annexed form of Stipulation of Settlement, the 2015 total tax assessment will remain unchanged for the 2016, 2017, and 2018 tax years.

2. The form of Stipulation of Settlement is annexed hereto, having been reviewed by the Township Committee of the Township of Raritan.

3. The settlements outlined above shall be without prejudice to the Township’s dealings with any Township’s taxpayers’ request for tax assessment reductions.

Dated: June 16, 2015

Explanatory Statement:
This resolution authorized the Township’s Attorney to enter into a stipulation of settlement relative to the tax appeal captioned 206 Bedford Falls, LLC v. Raritan Township, Tax Court of New Jersey, Docket Nos.: 015421-2012; 011237-2013 and 011966-2014.
Martin Allen /

Resolution #15-133

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TOWNSHIP COMMITTEE OF THE

ATTEST: TOWNSHIP OF RARITAN

______

Rose Sollena, RMC/CMC Craig O’Brien

Township Clerk Mayor

CERTIFICATION

I, Rose Sollena, Township Clerk of the Township of Raritan, hereby certify that the foregoing resolution is a true, complete and accurate copy of a resolution adopted by the Township Committee of the Township of Raritan at a meeting held on June 16, 2015.

Rose Sollena, RMC/CMC

Township Clerk

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