New Jersey Tax Court April 27, 1999 (Tiffany Manor Associates, L.P. v. City of Newark)

SMALL, J.T.C.

On June 19, 1991, plaintiff, Tiffany Manor Associates, L.P., and the defendant, City of Newark (“City”), entered into a financial agreement calling for an abatement of taxes and a payment in lieu of taxes to be made to the City of Newark pursuant to the provisions of N.J.S.A. 55:14K-37b (the New Jersey Housing and Mortgage Financing Agency “NJHMFA” Law).