BOROUGH OF
HILLSDALE
09145
RESOLUTION
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Title: Authorizing Settlement of a Tax Appeals for the
Property Located
at 2 and
16 Broadway, also known as Block 1306, Lots 1 & 11.
WHEREAS, Hasbrouck Heights Inc.,
the owner of certain real property located at 2 and 16 Broadway, Borough of
Hillsdale, Bergen County, New Jersey, also known as Block 1306, Lots 1 & 11
on the official Tax Map of the Borough of Hillsdale, Bergen County, State of
New Jersey; and
WHEREAS, the owner has filed an
appeal to the Tax Court of New Jersey for said premises for the years 2007,
2008 and 2009, under docket numbers 004966-2007, 004009-2008 and 009028-2009
respectively; and
WHEREAS, the parties have
engaged in settlement negotiations; and
WHEREAS, as a result of those
settlement negotiations, a settlement has been reached; and
WHEREAS, the current assessment
on Block 1306,
Tax
Year 2007
LAND: $ 820,800
IMPROVEMENTS: $ 447,600
TOTAL
ASSESSMENT $1,268,400
Tax
Year 2008
LAND: $ 820,800
IMPROVEMENTS: $ 447,600
TOTAL
ASSESSMENT $1,268,400
Tax
Year 2009
LAND: $ 820,800
IMPROVEMENTS: $ 447,600
TOTAL
ASSESSMENT $1,268,400; and
WHEREAS, the current assessment
on Block 1306,
is
as follows:
Tax
Year 2007
LAND: $ 385,000
IMPROVEMENTS: $ 0
TOTAL
ASSESSMENT $ 385,000
Tax
Year 2008
LAND: $ 385,000
IMPROVEMENTS: $ 0
TOTAL
ASSESSMENT $ 385,000
Tax
Year 2009
LAND: $ 385,000
IMPROVEMENTS: $ 0
TOTAL
ASSESSMENT $ 385,000; and
WHEREAS, the following reduced
assessment proposed for Block 1306,
Tax
Year 2007
LAND: $ 820,800
IMPROVEMENTS: $ 447,600
TOTAL
ASSESSMENT $1,268,400
Tax
Year 2008
LAND: $ 820,800
IMPROVEMENTS: $ 347,600
TOTAL
ASSESSMENT $1,168,400
Tax
Year 2009
LAND: $ 820,800
IMPROVEMENTS: $ 297,600
TOTAL
ASSESSMENT $1,118,400; and
WHEREAS, the following
assessment proposed for Block 1306,
Tax
Year 2007
LAND: $ 385,000
IMPROVEMENTS: $ 0
TOTAL
ASSESSMENT $ 385,000
Tax
Year 2008
LAND: $ 285,000
IMPROVEMENTS: $ 0
TOTAL
ASSESSMENT $ 285,000
Tax
Year 2009
LAND: $ 235,000
IMPROVEMENTS: $ 0
TOTAL
ASSESSMENT $ 235,000; and
WHEREAS, all refunds due to Hasbrouck
Heights Inc. shall be without interest, provided that payment is made within
sixty (60) days of the date of any entry of Judgment in this action; and
WHEREAS, any refunds due as a
result of this settlement shall be made payable to “Hasbrouck Heights Inc.” c/o
Michael A. Vespasiano, Esq., The Law Office of Michael A. Vespasiano, attorneys
for Plaintiff and forwarded to Michael A. Vespasiano, Esq., The Law Office of
Michael A. Vespasiano, 331 Main Street, Chatham, New Jersey 07928; and
WHEREAS, the Tax Counsel and
the Tax Assessor have recommended said settlement to the Mayor and Council; and
WHEREAS, the Mayor and Council
is of the opinion that said settlement is in the best interests of the Borough
of Hillsdale.
NOW, THEREFORE, BE IT RESOLVED, BY THE Mayor and Council of the
Borough of Hillsdale, County of Bergen, State of New Jersey, being the
governing body thereof, that the settlement in this matter as set forth
hereinabove be and is hereby approved and the Tax Counsel, Christopher E.
Martin, Esq., is hereby authorized and directed to affect said settlement.
|
Council
member |
Motion |
Second |
Yes |
No |
Absent |
Abstain |
|
Arnowitz, Max |
|
|
x |
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DeJoseph, Jonathan |
|
x |
x |
|
|
|
|
Giancarlo, Michael |
|
|
x |
|
|
|
|
Hanlon, Marie |
|
|
|
|
x |
|
|
Schiavone, Donna |
|
|
x |
|
|
|
|
Weinstein, Andy |
x |
|
x |
|
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|
Adopted: December 1, 2009
Attest: ________________________ ___________________________________
Robert P. Sandt, RMC Mayor John Sapanara
Municipal Clerk