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HomeMy Public PortalAboutr 95:093No. 95-93 Date of Adoption~arch 2: 1995 APPROVING SETTLEMENT OF TAX APPEAL OF ENGLEHARD CORPORATION WHEREAS, Englehard Corporation has filed a tax appeal for tax years 1993, 1994 and 1995; and WHEREAS, the matter has been filed in the Tax Court under Docket Numbers 007000-93, 002893-94 and 006125-94; and WHEREAS, the parties have reached an amicable settlement in the matters before the court; NOW, THEREFORE, BE IT RESOLVED that the Borough Council hereby approves the settlement as follows: 1993 Assessment Land $3,307,500 Imprvt 6,192,500 Total $9,500,000 1994 Assessment Land $3,307,500 Imprvt 5,692,500 Total $9,000,000 1995 Assessment Land $3,307,500 Imprvt 4,692,500 Total $8,000,000 Adopted this 2nd day of March, 1992 and certified as a tree copy of the original on March 3, 1995. SUSAN E. JACKLIN, KATHLEEN M. BARNEY, Assistant Municipal Clerk Municipal Clerk IECORD OF cOUNCIL VOTE X - Indicate Vote AB - Absent NV - Not Voting XOR - Indicates Vote to Overrule Veto S_..~ Adopted at a meeting of the Municipal Council March 2 ~ 1995 Assistant