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Council authorizes redemption checks for two tax-sale certificates totaling more than $176,000
Summary
Council adopted resolutions to redeem two tax-sale certificates: one for 107 Taft Terrace redeemed for $79,393.74 with a $61,700 premium (check $141,093.74), and one for 245 Belvidere Ave redeemed for $21,516.64 with $14,300 premium (check $35,816.64).
Council adopted Resolution 2026‑17 authorizing the Treasurer to issue a check to FNA VI, LLC in the amount of $141,093.74 for redemption of Tax Sale Certificate #21‑00034 (107 Taft Terrace). The minutes record that Patricia Stewart paid $79,393.74 to redeem the certificate and that the total check amount includes a $61,700 premium.
Council also adopted Resolution 2026‑18 authorizing a check to Christiana Trust as custodian GSRAN‑Z LLC in the amount of $35,816.64 for redemption of Tax Sale Certificate #24‑00016 (245 Belvidere Ave). Minutes record CORELOGIC paid $21,516.64 to redeem the certificate and a $14,300 premium was included in the check. Both resolutions cite N.J.S.A. 54:5 as the statutory basis for redemption procedures. Both motions passed by roll call.
