I-78 Logistics Park Lopatcong Urban Renewal, LLC v. Lopatcong Township

CourtNew Jersey Tax Court
DecidedJuly 23, 2021
Docket006903-2020
StatusUnpublished

This text of I-78 Logistics Park Lopatcong Urban Renewal, LLC v. Lopatcong Township (I-78 Logistics Park Lopatcong Urban Renewal, LLC v. Lopatcong Township) is published on Counsel Stack Legal Research, covering New Jersey Tax Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
I-78 Logistics Park Lopatcong Urban Renewal, LLC v. Lopatcong Township, (N.J. Super. Ct. 2021).

Opinion

NOT FOR PUBLICATION WITHOUT THE APPROVAL OF THE TAX COURT COMMITTEE ON OPINIONS

--------------------------------------------------------x I-78 LOGISTICS PARK LOPATCONG : TAX COURT OF NEW JERSEY URBAN RENEWAL, LLC, : DOCKET NO. 006903-2020 : Plaintiff, : : v. : Civil Action : LOPATCONG TOWNSHIP, : : Defendant. : --------------------------------------------------------x

Decided: July 22, 2021

Michael J. Caccavelli for plaintiff (Pearlman & Miranda, LLC, attorneys).

Lawrence P. Cohen for defendant (Lavery, Selvaggi, Abromitis & Cohen, P.C., attorneys).

Richard M. Conley for Robert J. Sweeney, C.T.A., municipal tax assessor for Lopatcong Township (Richard M. Conley, LLC, attorneys).

NOVIN, J.T.C.

This shall constitute the court’s opinion on whether I-78 Logistics Park Lopatcong Urban

Renewal, LLC (“plaintiff”), lacks standing to institute the above matter.

For the reasons expressed herein, the court finds that the Tax Court is vested with

jurisdiction, and plaintiff possesses standing to bring the challenges asserted under its Complaint.

I. Procedural History

Plaintiff is the owner of the property located at 2900/1098 U.S. Highway Route 22,

Lopatcong Township, Warren County, New Jersey (the “subject property”). The subject property

is identified on Lopatcong Township’s (“defendant”) municipal tax map as Block 101, Lot 1,

qualifier Q0050.

1 In accordance with the Local Redevelopment and Housing Law, N.J.S.A. 40A:12A-1 to -

89 (the “Local Redevelopment and Housing Law”), defendant’s governing body delineated certain

property in Lopatcong Township, including the subject property, as blighted and “in need of

redevelopment.” 1 See N.J.S.A. 40A:12A-5. On December 15, 2015, defendant and Opus

Investments LLC executed a Redevelopment Agreement (the “Redevelopment Agreement”). The

Redevelopment Agreement called for the acquisition of the lands in need of redevelopment and

construction of approximately one million square feet of warehouse and light industrial space,

including public recreational space and infrastructure improvements (the “Redevelopment

Project”). On or about January 29, 2018, the area in need of redevelopment was sold to plaintiff

and plaintiff assumed all obligations under the Redevelopment Agreement as the urban renewal

entity for the Redevelopment Project. 2

By Ordinance No. 2018-12, dated August 23, 2018 (the “Ordinance”), defendant approved

plaintiff’s application for a long-term tax exemption and entry into a financial agreement with

plaintiff for the Redevelopment Project, including the subject property, under the Long Term Tax

Exemption Law, N.J.S.A. 40A:20-1 to -22 (the “LTTEL”). 3

On September 19, 2019, plaintiff and defendant executed a First Amended Financial

Agreement (the “First Amended Financial Agreement”). 4 The First Amended Financial

1 The lands comprised the former Ingersoll Rand site and were commonly known as Block 100, Lot 1 and Block 101, Lot 1, Qualifier 0050 on defendant’s municipal tax map. 2 Plaintiff acquired the subject property by Deed dated January 29, 2018, for reported consideration of Thirteen Million Dollars. 3 The Ordinance further authorized issuance of up to $750,000 in non-recourse Redevelopment Area Bonds to assist plaintiff in financing a portion of the costs associated with the Redevelopment Project. The Ordinance further provided that the bonds would be secured by the annual service charge payments to be made by plaintiff under the financial agreement. 4 Plaintiff and defendant previously entered into a financial agreement, however, due to a “drafting error,” the financial agreement was amended and restated into the First Amended Financial Agreement. The revisions incorporated into the First Amended Financial Agreement clarified that 2 Agreement memorialized the long-term tax exemption afforded plaintiff and the Redevelopment

Project, the terms of plaintiff’s annual service charges, when payments commence under the

agreement, the dates by which all quarterly installments must be paid, how payments will be

applied, the offsets or credits plaintiff is entitled to against the annual service charges for land taxes

paid, and when the agreement and tax exemption expires. 5

On April 21, 2020, plaintiff instituted this action challenging the subject property’s land

assessment for the 2020 tax year. Plaintiff’s Complaint charges that the subject property’s land

assessment “is/are in excess of the true or assessable value of the property.” For the 2020 tax year,

the subject property bore a tax assessment as follows:

Land: $12,684,900 Improvements: $ 0 Total: $12,684,900

On November 6, 2020, plaintiff and defendant submitted a Stipulation of Settlement

(“Stipulation of Settlement”), requesting entry of a judgment reducing the subject property’s land

assessment from $12,684,900 to $2,660,000 for the 2020 tax year.

By Deficiency Notice dated November 18, 2020, the court informed the parties that the

Stipulation of Settlement could not be processed because it omitted the following language: “[t]he

assessor of the taxing district has been consulted by the attorney for the taxing district with respect

to this settlement and has concurred.” 6

the subject property may be leased to a third-party and that the third-party “is not required to be an urban renewal entity.” 5 The annual service charges were assigned by defendant to a bond trustee. Plaintiff agreed to pay the trustee the annual service charges quarterly, “at the same times taxes are due.” The trustee will apply a portion of the annual service charge to pay the debt service on the bonds. The portion of the annual service charge referred to as the “Township portion,” will be remitted to defendant upon receipt by the trustee. 6 R. 8:9-5(a) provides that a “[j]udgment in a local property tax matter may be entered upon stipulation of the parties supported by such proof as the Court may require.” Under this rule, the 3 By letter dated November 24, 2020, plaintiff’s counsel advised the court that “the

municipality and the taxpayer have reached a settlement on the above-captioned mater [sic] . . .

[t]he municipal tax assessor, however, has not agreed to the settlement and for that reason the

submitted Stipulation of Settlement does not have a representation to the effect that the tax assessor

concurs with the settlement.”

On December 8, 2020, the court conducted a telephone conference call with plaintiff’s

counsel and defendant’s counsel. As a result of defendant’s municipal tax assessor’s apparent

contention that plaintiff lacked standing to pursue the local property tax appeal in the above matter,

and rejection of the proposed settlement and the court advised the parties that an Order to Show

Cause would be entered, affording plaintiff, defendant, and defendant’s municipal tax assessor an

opportunity to be heard. 7 8

Tax Court requires the stipulation of settlement to recite the following: “The assessor of the taxing district has been consulted by the attorney for the taxing district with respect to this settlement and has concurred.” 7 The municipal tax assessor plays a “crucial role” in local property tax assessment and administration, therefore, the court “requires the direct involvement of the assessor.” Clinton Twp. Citizens Comm. v. Clinton Twp., 185 N.J. Super. 343, 355 (Law. Div. 1982).

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I-78 Logistics Park Lopatcong Urban Renewal, LLC v. Lopatcong Township, Counsel Stack Legal Research, https://law.counselstack.com/opinion/i-78-logistics-park-lopatcong-urban-renewal-llc-v-lopatcong-township-njtaxct-2021.