Borough of Fort Lee Minutes Regular Meeting 2026-04-16
Settlement Reached in Lukoil North America Tax Appeals
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Description
Fort Lee authorized settlement of the Lukoil North America, LLC tax appeals for 2550 Fletcher Avenue, maintaining a $2.1 million assessment for 2020–2025 and reducing 2026 to $1.9 million with a tax credit. The agreement eliminates pre-judgment interest if the credit is promptly applied.
Contract Details
Vendor
LUKOIL NORTH AMERICA LLC
Agency
Borough of Fort Lee, NJ
Contract Type
LEGAL
Document Date
April 16, 2026
Contract Term
Tax years 2020–2026 (as to settlement terms)
Renewal Date
2026-12-31
Renewal Info
The settlement sets assessments for tax years 2020–2026; any subsequent appeals would require separate agreements.
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