November 2015 New York Transfer at $325,425 Resolved

The NYC Taxi and Limousine Commission (TLC) report for November listed only one transfer of an independent unrestricted medallion.

The report said the “Asset Sale” for “$325,545.00” was a “Foreclosure”

After several days of confusion, Allan Fromberg of the TLC has clarified the circumstances of the transfer:

It’s true…..mea culpa. Compounding the initial published misunderstanding was a misunderstanding on my own part. Regardless of whatever ownership arrangement there is, or however unique and unusual the transaction was, the foreclosure was technically for 100% interest. I regret terribly my personal error, but it is important to note that there was no error whatsoever on TLC’s part, or in the chart, as it accurately represented all the facts. Very simply, the confusion arose from interpretations of aspects of the transaction that were unfortunately akin to a children’s game of ‘telephone’. I apologize for any inconvenience this may have caused.

Allan J. Fromberg
Deputy Commissioner for Public Affairs
NYC TLC
212-676-1013

The original owners of medallion #8D81 were Tanis Anophene and Eric Gelin. Eric died in 2012. HIs wife Elisabette Gelin inherited his interest in the medallion.

According to UCC file no. 201503315325956 on March 31, 2015
LOMTO FEDERAL CREDIT UNION is the secured party

Debtor names listed are:
ELISABETTE GELIN OF 119 BLACKSTONE STREET, ELMONT, NY 11003
ANOPHENE TANIS OF 238-19 117TH ROAD, ELMONT, NY 11003
TAPY TAXI, INC.  OF 238-19 117TH ROAD, ELMONT, NY 11003

TAPY TAXI, INC. (DOS ID #: 4717363) was incorporated at the address above on February 27, 2015, one month before the UCC filing on March 31, 2015.

In November 2015, a 100% interest in medallion #8D81 was “purchased” out of foreclosure by Tapy Taxi, Inc. owned by Anophene Tanis.

Tanis put no additional cash down. He assumed the existing mortgage from LOMTO Credit Union in the name of Tapy Taxi, Inc.

This is the mortgage he previously  shared with Elisabette Gelin. The value of the transfer of the 100% interest was recorded by the TLC as $325,545.00.

That’s it.

 

 

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