254-26 TAX COURT JUDGMENT 76-80 MAIN ST.pdf

TAX COURT OF NEW JERSEY 254-26 COUNTY: Essex DOCKET NO. 007627-2025 IOP 80 MAIN LLC & RM 80 MAIN LLC Plaintiff(s), CIVIL ACTION Vv : JUDGMENT WEST ORANGE TOWNSHIP Defendant(s). The parties having agreed upon a settlement, the assessment shall be as set forth below: Block: 88 Lot: 17 Street Address: 76-80 Main Street Year: 2025 TAX COURT JUDGMENT Land: $ 2,958,600.00 Improvements: $ 7,041,400.00 Total: $10,000,000.00 /s/ Jeffrey T. Gallus, Clerk/Administrator Tax Court of New Jersey Entered: 8/31/2026 Plaintiff(s) Attorney: Jason S Lustbader Esq Defendant(s) Attorney: Eileen W Toll Esq User id: eCourts

THE LAW OFFICE OF JASON S, LUSTBADER, LLC 14 Pine Street ~- Suite 5 Morristown, NJ 0960 (973) 206-1819 Attorneys for Plaintiff Atty ID: 035552002 TOP 86 MAIN LLC & RM 80 MAIN LLC, Plaintiffs, vs. WEST ORANGE TOWNSHE, Defendants. DOCKET NOS.: 007627-2025; 006626-2026 TAX COURT OF NEW JERSEY CIVIL ACTION STIPULATION OF SETTLEMENT L It is hereby stipulated and agreed that the assessment of the following property be adjusted, and a Judgment entered as follows: * Block: 88 Lot: 7 Street: 76-80 MAIN STREET 2025 Land: Improvements: Total: 2026 Land: Improvements: Total: Original Assessment $ 2,958,600 L $ 9.164.400 $12,123,000 Original Assessment $ 2,958,600 $_9.164.400 $12,123,000 County Tax Board Judgment DIRECT APPEAL County Tax Board Judgment DIRECT APPEAL Requested Tax Court Judgment $ 2,958,600 $7,041,400 $10,000,000 Requested Tax Court Judgment $ 2,958,600 7,041.40 $10,000,000

2. The undersigned have made such examination of the value and proper assessment of the property and have obtained such appraisals, analysis and information with respect to the valuation and assessment of the property, as they deem necessary and appropriate for the purpose of enabling them to enter into the stipulation. The assessor of the taxing district has been. consulted by the attorney for the taxing district with respect to this settlement and has concurred. 3. Based upon the foregoing, the undersigned represent to the Court that the above seitlement will result in an assessment at the fair assessable value of the property consistent with assessing practices generally applicable in the taxing district as required by law. 4, The taxpayer waives any interest payable on any refund to the taxpayer, pursuant to N.J.S.A, 54:3-27.2 and/or any other applicable law, provided said refund is paid within sixty (60) days of the date of the Tax Court of New Jersey judgment issued in this matter, 5. Any refunds due as a result of the settlement shall be made payable to “The Law Office of Jason S. Lustbader, LLC e/o IOP 80 MAIN LLC” and sent to 14 Pine Street, Suite 5, Morristown, NJ 07960, THE LAW OFFICE OF JASON S. LUSTBADER, LLC Dated: § (Kg 4 BY: | Jasbn Lustbadet, Esq. Attorney for Plaintiff BLAU & BLAU pated: _/(9/ 3024, oe / / wa 2 , iieeh W. Toll, Esq. Attorney for Defendant, West Orange Township