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File #: Res.0160-16    Version: A Name: Target Corporation vs. City of Racine Case Number 10-CV-1963
Type: Resolution Status: Passed
File created: 5/3/2016 In control: City Attorney's Office
On agenda: 5/3/2016 Final action: 5/3/2016
Title: 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.
Sponsors: Q.A. Shakoor II
Related files: 0356-16

Sponsor

Alderman Shakoor

 

Title

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.