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TRU URB. RENEWAL CORP. v. CITY OF NEWARK

11 N.J. Tax 63 (1990)

TRU URBAN RENEWAL CORP., PLAINTIFF, v. CITY OF NEWARK, DEFENDANT.

Tax Court of New Jersey.

March 26, 1990.

Attorney(s) appearing for the Case

Steven R. Irwin, for plaintiff (Mandelbaum & Mandelbaum, attorneys).

Melvin Simon, for defendant (Glenn A. Grant, attorney).

CRABTREE, J.T.C.

Both parties move for summary judgment in these consolidated local property tax cases involving plaintiff's claim for exemption under the Urban Renewal Corporation and Association Law of 1961, L. 1961, c. 40, N.J.S.A. 40:55C-40 et seq., as amended, sometimes referred to as the Fox-Lance Law.

For reasons hereinafter stated, plaintiff's motion will be denied and defendant's motion will be granted on the exemption...

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