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Target Corporation vs. City of Racine Case No. 10-CV-1963
Resolved, that the money judgment ordered in Case No. 10-CV-1963, Target Corporation vs. City of Racine, for refunds of 2009-2010 real estate property taxes in the amount of $62,009.50 are authorized to be paid from the 2015 Budget.
Further resolved, that the Mayor and City Clerk are authorized and directed to execute a settlement agreement with Target Corporation for partial refunds of 2011, 2013 and 2014 real estate taxes in the amounts of $81,517.65, $93,204.36 and $93,258.92 respectively for a total of $267,980.93 to be paid from the 2015 Budget.
Fiscal Note: There are sufficient funds available for the payment. Approximately half of payment amounts will be charged back to the other taxing jurisdictions.
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