All Legislation
Resolution26-0293Adopted

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) MRTRB Corp./1925/54/123-153 N 13th/West/2017/$1,421,800/-$0.00 MRTRB Corp./1925/54/123-153 N 13th/West/2018/$1,421,800/-$0.00 MRTRB Corp./1925/54/123-153 N 13th/West/2019/$1,260,000/-$0.00 MRTRB Corp./1925/54/123-153 N 13th/West/2020/$1,260,000/-$0.00 MRTRB Corp./1925/54/123-153 N 13th/West/2021/$1,260,000/-$0.00 MRTRB Corp./1925/54/123-153 N 13th/West/2022/$1,200,000/-$2,241.60 MRTRB Corp./1925/54/123-153 N 13th/West/2023/$1,200,000/-$2,236.80 39 McClellan St., LLC/3773/25/9-39 McClellan Street/South/2022/$2,402,000/-$0.00 39 McClellan St., LLC/3773/25/9-39 McClellan Street/South/2023/$2,402,000/-$0.00 39 McClellan St., LLC/3773/25/9-39 McClellan Street/South/2024/$2,100,000/-$11,485.06 39 McClellan St., LLC/3773/25/9-39 McClellan Street/South/2025/$1,800,000/-$0.00 109 Newark, LLC/3542/28(MERGED LOTS 28,30,36 INTO L30)/109-135 Meeker Avenue/South/2022/$1,500,800/-$3,736.00 109 Newark, LLC/3542/28(MERGED LOTS 28,30,36 INTO L30)/109-135 Meeker Avenue/South/2023/$1,400,800/-$7,456.00 109 Newark, LLC/3542/28(MERGED LOTS 28,30,36 INTO L30)/109-135 Meeker Avenue/South/2024/$1,400,800/-$7,606.00 109 Newark, LLC/3542/28(MERGED LOTS 28,30,36 INTO L30)/109-135 Meeker Avenue/South/2025/$1,400,800/-$0.00 555 Elizabeth Ave., LLC/3640/5/2-12 Renner Avenue/South/2020/$13,750,000/-$0.00 555 Elizabeth Ave., LLC/3640/5/2-12 Renner Avenue/South/2021/$13,750,000/-$0.00 555 Elizabeth Ave., LLC/3640/5/2-12 Renner Avenue/South/2022/$12,000,000/-$65,380.00 555 Elizabeth Ave., LLC/3640/5/2-12 Renner Avenue/South/2023/$10,000,000/-$139,800.00 555 Elizabeth Ave., LLC/3640/5/2-12 Renner Avenue/South/2024/$9,000,000/-$180,642.50 Regina Kornegay/3677/45/35 Pomona Avenue/South/2024/$210,000/-$1,528.81 New Generation Development, LLC/1976/19/213 Elm Street/East/2017/$173,200/-$0.00 New Generation Development, LLC/1976/19/213 Elm Street/East/2018/$150,000/-$856.78 New Generation Development, LLC/998/62/59 Garrison Street/East/2017/$0/-$3,965.84 New Generation Development, LLC/998/62/59 Garrison Street/East/2017/$0/-$4,114.00 HUSPRF NEWARK LP/Tenant: Storageblue Ferry Street LLC/2487/1.03/419-425 Ferry Street/East/2024/$8,250,000/-$0.00 HUSPRF NEWARK LP/Tenant: Storageblue Ferry Street LLC/2487/1.03/419-425 Ferry Street/East/2025/$6,000,000/-$46,350.00 Wilson Realty Corp./5050.02/1/B01/494-508 Wilson Avenue/East/2018/$125,000/-$4,331.89 Wilson Realty Corp./5050.02/1/B01/494-508 Wilson Avenue/East/2019/$125,000/-$4,411.65 115-119 Montclair Ave LLC/816/48/115 Montclair Avenue/North/2018/$365,000/-$0.00 115-119 Montclair Ave LLC/816/48/115 Montclair Avenue/North/2019/$365,000/-$0.00 115-119 Montclair Ave LLC/816/48/115 Montclair Avenue/North/2020/$300,000/-$763.80 115-119 Montclair Ave LLC/816/49/117 Montclair Avenue/North/2018/$363,000/-$0.00 115-119 Montclair Ave LLC/816/49/117 Montclair Avenue/North/2019/$363,000/-$0.00 115-119 Montclair Ave LLC/816/49/117 Montclair Avenue/North/2020/$300,000/-$1,216.00 115-119 Montclair Ave LLC/816/50/119 Montclair Avenue/North/2018/$365,500/-$0.00 115-119 Montclair Ave LLC/816/50/119 Montclair Avenue/North/2019/$365,500/-$0.00 115-119 Montclair Ave LLC/816/50/119 Montclair Avenue/North/2020/$300,000/-$1,820.20 Conrail c/o Tax Dept (United Rail Trans./Perry Cty. RR)/5042/70/X/Avenue I/East/2022/$3,599,900/-$0.00 Conrail c/o Tax Dept (United Rail Trans./Perry Cty. RR)/5042/70/X/Avenue I/East/2024/$3,901,700/-$93,108.85 Conrail c/o Tax Dept (United Rail Trans./Perry Cty. RR)/5042/70/X/Avenue I/East/2025/$3,750,000/-$53,560.00 Conrail c/o Tax Dept (United Rail Trans./Perry Cty. RR)/5088/60(66,122,123)/X/Avenue I/East/2022/$2,299,900/-$0.00 Conrail c/o Tax Dept (United Rail Trans./Perry Cty. RR)/5088/60(66,122,123)/X/Avenue I/East/2024/$2,151,700/-$43,669.85 Conrail c/o Tax Dept (United Rail Trans./Perry Cty. RR)/5088/60(66,122,123)/X/Avenue I/East/2025/$2,000,000/-$26,780.00 A&R Capital LLC/887/23/16-18 Oliver St/Central/2021/$1,590,000/-$0.00 A&R Capital LLC/887/23/16-18 Oliver St/Central/2022/$1,590,000/-$0.00 A&R Capital LLC/887/23/16-18 Oliver St/Central/2023/$2,840,000/-$0.00 A&R Capital LLC/887/23/16-18 Oliver St/Central/2024/$1,950,000/-$24,886.83 A&R Capital LLC/887/23/16-18 Oliver St/Central/2025/$1,800,000/-$16,570.64 Jose & Benito Lopez; 28 Cherry Street LLC/136/9/28-42 Cherry Street/Central/2016/$1,770,600/-$0.00 Jose & Benito Lopez; 28 Cherry Street LLC/137.01/120/29-39 River Street/Central/2016/$476,700/-$0.00 Jose & Benito Lopez; 28 Cherry Street LLC/137.01/13/842-862 McCarter Highway/Central/2015/$541,700/-$1,280.58 Jose & Benito Lopez; 28 Cherry Street LLC/137.01/13/842-862 McCarter Highway/Central/2016/$541,700/-$1,331.28 Jose & Benito Lopez; 28 Cherry Street LLC/137.01/13/B01/842-862 McCarter Highway/Central/2016/$111,000/-$0.00 Jose & Benito Lopez; 28 Cherry Street LLC/137.01/13/B01/842-862 McCarter Highway/Central/2015/$111,000/-$0.00 B8 McCarter Owner Urban Renewal LLC/829/10/2107-2143 McCarter Highway/North/2023/$5,000,000/-$130,480.00 ISUS (H&C Realty Assoc. LLC)/3791/112/590-638 Frelinghuysen Avenue/South/2023/$6,500,000/-$19,400.51 Jay & Sussex Company, LLC/2842/1/176-190 Sussex Avenue/Central/2017/$13,022,300/-$0.00 Jay & Sussex Company, LLC/2842/1/176-190 Sussex Avenue/Central/2018/$13,022,300/-$0.00 Jay & Sussex Company, LLC/2842/1/176-190 Sussex Avenue/Central/2019/$12,022,300/-$37,610.00 Jay & Sussex Company, LLC/2842/1/176-190 Sussex Avenue/Central/2021/$11,772,300/-$46,675.00 Jay & Sussex Company, LLC/2842/1/176-190 Sussex Avenue/Central/2022/$11,772,300/-$46,700.00 Jay & Sussex Company, LLC/2842/1/176-190 Sussex Avenue/Central/2023/$10,840,000/-$81,356.14 Bragaw Apartments LLC/3047/6/45-59 Bragaw Avenue/South/2020/$614,400/-$6,057.20 Joanne Johnson/2668/37(31,32,42,43,44,45)/241-265 Clinton Avenue/Central/2018/$913,900/-$0.00 Joanne Johnson/2668/37/T01(cell tower taken off the bldg.)/241-265 Clinton Avenue/Central/2018/$85,600/-$5,539.50 Adams Cornell; CDL Urban Renewal Corp./2806/16(17,18,19,20)/1191-1199 Mayor Gibson Boulevard/East/2021/$470,000/-$0.00 Adams Cornell; CDL Urban Renewal Corp./2806/16(17,18,19,20)/1191-1199 Mayor Gibson Boulevard/East/2022/$400,000/-$2,615.20 Adams Cornell; CDL Urban Renewal Corp./2806/21/1199- Mayor Gibson Boulevard/East/2021/$470,000/-$0.00 Adams Cornell; CDL Urban Renewal Corp./2806/9/65-71 Emmet Street/East/2021/$294,100/-$0.00 Adams Cornell; CDL Urban Renewal Corp./2806/9/65-71 Emmet Street/East/2022/$200,000/-$3,515.58 Additional Information: Total credits: $1,131,080.09

Progress

Introduced

Mar 5, 2026

In Committee

Apr 1, 2026

Passed

Apr 1, 2026

4

Enacted