New Jersey Division of Taxation
Public Auction of Seized Property
Under the authority granted in N.J.S.A. 54:49-13a and R.S. 33:1-26, the property to be sold was seized for unpaid State taxes due from:
JCR Management LLC
T/A Mercer & Barrow Restaurant
292 Barrow Street
Jersey City, NJ 07302
PROPERTY FOR SALE:
Plenary Retail Consumption License #0906-33-160-004
State of New Jersey, County of Hudson, City of Jersey City
LOCATION OF SALE:
280 Grove Street
Efrain Rosario Memorial Caucus Room, 2nd Floor
Jersey City, NJ 07306
DATE AND TIME: Wednesday, November 2, 2011, 11:00 am EST
MINIMUM BID: $65,000.00
Successful bidders must make a minimum deposit of 25% of respective bid IMMEDIATELY following their successful bid. Failure to do so will result in forfeiture of the bid.
Payment must be in guaranteed funds such as cash, certified check, bank check or money order. No third party instruments will be accepted.
- Balance, also in guaranteed funds, due by 12 noon on November 3, 2011 at the Newark Regional Office, 124 Halsey St., Newark, NJ 07101 or deposit monies will be forfeited.
Make checks payable to: New Jersey Division of Taxation
- This sale may be postponed or cancelled at the discretion of the N.J. Division of Taxation.
- The NJ Division of Taxation reserves the right to receive or reject all bids or bidders.
- NJ Division of Taxation employees or member of the employee’s immediate family may not participate in this public sale.
- This liquor license is sold subject to any restriction imposed by the NJ Division of Alcoholic Beverage Control on this license such as those set forth in N.J.A.C.13:2-24.
- The successful bidder for the liquor license must submit a complete “good faith” transfer application to the municipality and pay the fee for the transfer of the license by Thursday, November 17, 2011. Failure to do so will result in forfeiture of all monies paid to the NJ Division of Taxation for the license.
- The successful bidder for the liquor license must submit a renewal application to the municipality and pay the fee by June 30, 2012. Unless the municipality approves the transfer of the liquor license prior to July 1, 2012, failure to timely submit a renewal application will result in forfeiture of all monies paid to the NJ Division of Taxation for the license. The NJ Division of Taxation will assist with the renewal process at the request of the municipality. Any monies paid by the NJ Division of Taxation for the renewal of the liquor license will be reimbursed directly to the NJ Division of Taxation by the successful bidder.
- If the successful bidder makes proper application for the transfer and renewal of the license, passes the background check conducted by the municipality, follows all guidelines set by the municipality and the municipality denies the application, then the monies paid to the NJ Division of Taxation will be refunded. The NJ Division of Taxation then has the right to go to the next highest bidder or re-auction the license.
FURTHER INFORMATION REGARDING THIS SALE MAY BE OBTAINED FROM:
Regional Supervisor Rande Schutsky – (973) 648-4422