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ERRICO v. CITY OF JERSEY CITY

290 N.J. Super. 669 (1996)

676 A.2d 607

ANTHONY D. ERRICO, AND HIS ASSIGNS, PLAINTIFFS-APPELLANTS-CROSS-RESPONDENTS, v. CITY OF JERSEY CITY, MAUREEN DOLCE, TAX COLLECTOR, AND HER PREDECESSOR, ACTING TAX COLLECTOR, BETTY MCGRATH, REMEDIATION FINANCIAL, INC., LINCOLN PROPERTY, N.C., INC., DEFENDANTS-RESPONDENTS-CROSS-APPELLANTS.

Superior Court of New Jersey, Appellate Division.

Decided May 30, 1996.

Attorney(s) appearing for the Case

Carmine R. Alampi, argued the cause for appellants-cross-respondents (Smith, Don, Alampi & D'Argenio, attorneys; Mr. Alampi, of counsel; Mark D. Madaio, on the brief).

Carol Zylbert, Assistant Corporation Counsel, argued the cause for respondent-cross-appellant City of Jersey City (Sean M. Connelly, Corporation Counsel, attorney; Ms. Zylbert, on the brief).

Eugene Paolino, argued the cause for respondents-cross-appellants Remediation Financial, Inc. and Lincoln Property, N.C., Inc. (Schumann, Hanlon & Panepinto, attorneys, joined in brief of respondent-cross-appellant City of Jersey City).

Before Judges PETRELLA and SKILLMAN.

The opinion of the court was delivered by SKILLMAN, J.A.D.

On November 22, 1994, defendant City of Jersey City (Jersey City) adopted a resolution authorizing the bulk sale of 102 tax sale certificates having an approximate face value of $4,400,000. Pursuant to this resolution, bids for the certificates were to include a cash payment of at least 17.5% of the total lien amount and a note or other obligation of the purchaser...

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