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 from:

Laca, Inc.
335 Washington Ave
Elizabeth, NJ 07202

PROPERTY FOR SALE:

State of New Jersey, County of Union, City of Elizabeth
Plenary Retail Consumption Liquor License # 2004-33-031-004

LOCATION OF SALE:

New Jersey Division of Taxation
Newark Regional Office
B124 Halsey St., 2nd Floor
Newark, NJ 07101

DATE AND TIME: Wednesday, May 27, 2009 at 11:00 a.m.

MINIMUM BID: $50,000.00

PAYMENT TERMS:

• 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 due by 12 noon on May 28, 2009 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

OTHER CONDITIONS:

• This sale may be postponed or canceled at the discretion of the NJ Division of Taxation.
• The NJ Division of Taxation reserves the right to receive or reject bids or bidders. NJ Division of Taxation employees or member of the employees’ immediate family may not participate in auction.
• This liquor license is sold subject to any restriction imposed by the NJ Division of Alcoholic Beverage Control on this license 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 Wednesday, June 10, 2009.  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, 2009.  Unless the municipality approves the transfer of the liquor license prior to July 1, 2009, 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.

Regional Supervisor Rande Schutsky
(973) 648-4422