BOROUGH OF HILLSDALE

                                                                                           10083

RESOLUTION

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Title:  Authorizing Settlement of a Tax Appeal for 799 Hillsdale Avenue, Block 504, Lot 2

 

WHEREAS, David C. and Lou Ross, the owners of certain real property located at 799 Hillsdale Avenue, Borough of Hillsdale, Bergen County, New Jersey, also known as Block 504, Lot 2 on the official Tax Map of the Borough of Hillsdale, Bergen County, State of New Jersey; and

WHEREAS, the owners have filed a Correction of Errors appeal to the Tax Court of New Jersey for said premises for the years 2007 and 2008, under docket number 015599-2009; 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 504, Lot 2, Address: 799 Hillsdale Avenue is as follows:

Tax Year 2007

LAND:                                    $   351,900

IMPROVEMENTS:              $   272,400

TOTAL ASSESSMENT        $   624,300

 

Tax Year 2008

LAND:                                    $   351,900

IMPROVEMENTS:              $   272,400

TOTAL ASSESSMENT        $   624,300

 

WHEREAS, the following reduced assessment proposed for Block 504, Lot 2, Address: 799 Hillsdale Avenue is as follows:

Tax Year 2007

LAND:                                    $   351,900

IMPROVEMENTS:              $   241,300

TOTAL ASSESSMENT        $   593,200

 


Tax Year 2008

LAND:                                    $   351,900

IMPROVEMENTS:              $   241,300

TOTAL ASSESSMENT        $   593,200; and

 

WHEREAS, all refunds due David C. and Lou Ross 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 “David C. and Lou Ross” and forwarded to David C. and Lou Ross, 799 Hillsdale Avenue, Hillsdale, NJ 07642; 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

Frank, Douglas

 

 

x

 

 

 

DeJoseph, Jonathan

 

 

 

 

 

x

Giancarlo, Michael

 

x

x

 

 

 

Hanlon, Marie

 

 

x

 

 

 

Schiavone, Donna

 

 

x

 

 

 

Weinstein, Andy

x

 

x

 

 

 

 

Adopted:  June 22, 2010

 

 

Attest: ________________________                         ___________________________________

Robert P. Sandt, RMC                         Mayor Max Arnowitz

Municipal Clerk