Resolution20-0534
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)
Diversified Capital-Newark, LLC/145/19/24-30 Commerce Street/Central/$12,985,900/2014/-$31,447.24
Diversified Capital-Newark, LLC/145/19/24-30 Commerce Street/Central/$12,985,900/2015/-$33,556.57
Diversified Capital-Newark, LLC/145/19/24-30 Commerce Street/Central/$11,985,900/2016/-$69,285.04
Diversified Capital-Newark, LLC/145/19/24-30 Commerce Street/Central/$10,985,900/2017/-$501.96
Diversified Capital-Newark, LLC/145/19/24-30 Commerce Street/Central/$10,485,900/2018/-$520.71
IPT Newark DC, LLC/3791/115/640-644 Frelinghuysen Avenue/South/$5,399,600/2018/-$0.00
IPT Newark DC, LLC/3791/115/640-644 Frelinghuysen Avenue/South/$1,999,600/2019/-$127,874.00
Centre Market Building, LLC/150/4/1088-1132 Raymond Boulevard/East/$49,080,300/2016/-$0.00
Centre Market Building, LLC/150/4/1088-1132 Raymond Boulevard/East/$49,080,300/2017/-$0.00
Centre Market Building, LLC/150/4/1088-1132 Raymond Boulevard/East/$49,080,300/2018/-$0.00
Centre Market Building, LLC/150/4/1088-1132 Raymond Boulevard/East/$46,000,000/2019/-$115,850.08
Pavilion Towers, LLC/49/1(B50 L1)/138-162 ML King Boulevard/Central/$18,500,000/2019/-$206,855.00
Pavilion Towers, LLC/451/1(B452 L1)/108-136 ML King Boulevard/Central/$18,500,000/2019/-$206,855.00
Additional Information:
Total tax credit difference: -$792,745.60
Invitation: Corporation Counsel
Introduced Apr 29, 2020· Finance