45-22 Resolution Approving Tax Appeal Settlement with Verizon 4887-7029-9921 v.1.pdf

45-22 March 15, 2022 RESOLUTION WHEREAS, pursuant to Resolution of the Township Council of the Township of West Orange (the “Township”), the Township has retained Charles Blau, Esq. of Blau & Blau (“Special Tax Appeal Counsel”) to review and pursue certain affirmative tax appeals; and WHEREAS, the Township has filed affirmative tax appeals to increase the 2016, 2017, 2018, 2019, 2020, 2021 ad 2022 assessments of property owned by MCI Tele Corp./Verizon (the “Property Owner”) concerning real property located at 10 Marcella Avenue in the Township which is identified on the Tax Map of the Township as Block 84.01, Lot 22 (the “Property”); and WHEREAS, the Property was assessed as follows: YEAR CURRENT ASSESSMENT PROPOSED NEW ASSESSMENT 2016 $1,025,000 $2,175,700 2017 1,025,000 2,381,000 2018 1,025,000 2,415,900 2019 1,025,000 2,695,400 2020 1,025,000 2,656,700 2021 1,025,000 2,590,500 2022 1,025,000 2,500,200 WHEREAS, the Property Owner and Township have evaluated the assessments and agreed to a proposed settlement which is recommended by the Township’s Special Tax Appeal Counsel; and WHEREAS, as a result of the proposed settlement with increased assessments, the Township will receive an additional tax payment of approximately $426,776; and WHEREAS, the Law Department recommends approval of this settlement; and

2 4820-7596-8737, v. 1 NOW, BE IT HEREBY RESOLVED, THAT THE TOWNSHIP COUNCIL OF THE TOWNSHIP OF WEST ORANGE HEREBY APPROVES that the Stipulation of Settlement annexed hereto as Exhibit “A” be and is hereby approved; and IT IS FURTHER RESOLVED that the Tax Assessor and Special Tax Appeal Counsel be and are hereby authorized to take all steps necessary and appropriate to effectuate the settlement. ________________________________ Karen J. Carnevale, R.M.C. Susan McCartney Township Clerk Council President Adopted: March 15, 2022