The Surf City Borough Council last week unanimously approved a personal property tax appeal settlement with Verizon New Jersey Inc., which permits the town to keep more than $34,000 collected since the telecommunications conglomerate filed to have its taxes repealed five years ago. In agreeing to the terms, the borough will no longer collect that money from the company.

“It equates to about $6,500 a year that they’ve been paying on their personal business tax,” Council President William Hodgson…