BOROUGH OF
HILLSDALE
09146
RESOLUTION
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Title: Authorizing Settlement of a Tax Appeals for the
Property Located
at 60
Broadway, also known as Block 1308, Lot 1.
WHEREAS, Nazarian, Vartan, DBA
Hillsdale Amoco, the owner of certain real property located at 60 Broadway,
Borough of Hillsdale, Bergen County, New Jersey, also known as Block 1308, Lot
1 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 004971-2007, 004015-2008 and 009026-2009
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 1308,
Tax
Year 2007
LAND: $ 776,200
IMPROVEMENTS: $ 98,800
TOTAL ASSESSMENT $
875,000
Tax
Year 2008
LAND: $ 776,200
IMPROVEMENTS: $ 98,800
TOTAL
ASSESSMENT $ 875,000
Tax
Year 2009
LAND: $ 776,200
IMPROVEMENTS: $ 98,800
TOTAL
ASSESSMENT $ 875,000; and
WHEREAS, the following reduced
assessment proposed for Block 1308,
Tax
Year 2007
LAND: $ 626,200
IMPROVEMENTS: $ 98,800
TOTAL
ASSESSMENT $ 725,000
Tax
Year 2008
LAND: $ 626,200
IMPROVEMENTS: $ 98,800
TOTAL
ASSESSMENT $ 725,000
Tax Year
2009
LAND: $ 626,200
IMPROVEMENTS: $ 98,800
TOTAL
ASSESSMENT $ 725,000; and
WHEREAS, all refunds due to Nazarian,
Vartan, DBA Hillsdale Amoco 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 “Nazarian, Vartan, DBA
Hillsdale Amoco.” 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 |
|
|
|
|
DeJoseph, Jonathan |
|
x |
x |
|
|
|
|
Giancarlo, Michael |
|
|
x |
|
|
|
|
Hanlon, Marie |
|
|
|
|
x |
|
|
Schiavone, Donna |
|
|
x |
|
|
|
|
Weinstein, Andy |
x |
|
x |
|
|
|
Adopted: December 1, 2009
Attest: ________________________ ___________________________________
Robert P. Sandt, RMC Mayor John Sapanara
Municipal Clerk