BOROUGH OF
HILLSDALE
10045
RESOLUTION
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Title: Authorizing Settlement of a Tax Appeal for Property
Located
at
WHEREAS, 74 Prospect Place LLC,
the owner of certain real property located at 74 Prospect Placer, Borough of
Hillsdale, Bergen County, New Jersey, also known as Block 1208, Lot 2 on the
official Tax Map of the Borough of Hillsdale; 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 001711-2007, 003271-2008 and 002567-2009
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 1208,
Tax
Year 2007
LAND: $ 625,000
IMPROVEMENTS: $ 197,000
TOTAL
ASSESSMENT $ 822,000
Tax
Year 2008
LAND: $ 625,000
IMPROVEMENTS: $ 197,000
TOTAL
ASSESSMENT $ 822,000
Tax
Year 2009
LAND: $ 625,000
IMPROVEMENTS: $ 197,000
TOTAL
ASSESSMENT $ 822,000; and
WHEREAS, the following reduced
assessment proposed for Block 1208,
Tax Year 2007
LAND: $ 625,000
IMPROVEMENTS: $ 100,000
TOTAL
ASSESSMENT $ 725,000
Tax
Year 2008
LAND: $ 625,000
IMPROVEMENTS: $ 100,000
TOTAL
ASSESSMENT $ 725,000
Tax
Year 2009
LAND: $ 625,000
IMPROVEMENTS: $ 100,000
TOTAL
ASSESSMENT $ 725,000; and
WHEREAS, all refunds due to 74
Prospect Place, LLC 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 “Brach Eichler L.L.C. and 74
Prospect Place” c/o Daniel J. Pollak, Esq., Brach Eichler L.L.C., attorneys for
Plaintiff and forwarded to Daniel J. Pollak, Esq., Brach Eichler L.L.C.,
Roseland, New Jersey 07068-1067; 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, 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 |
|
|
|
|
Giancarlo, Michael |
|
|
X |
|
|
|
|
Hanlon, Marie |
|
|
X |
|
|
|
|
Schiavone, Donna |
|
x |
X |
|
|
|
|
Weinstein, Andy |
x |
|
X |
|
|
|
Adopted: April 6, 2010
Attest: ________________________ ___________________________________
Robert P. Sandt, RMC Mayor John Sapanara
Municipal Clerk