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Subject: Communication from the Finance Director requesting to appear before the Finance & Personnel Committee to discuss the State of Wisconsin Tax Appeals Commission's settlement with Cross Industrial Equipment Company regarding 2008 assessment and resulting property tax bill. (Res.11-2464)
Recommendation of the Finance & Personnel Committee on 3-21-11: The 2008 Tax Levy for Cross Industrial Equipment Company, Inc., 1600 Layard Ave., Tax Parcel No. 18098000, be reduced from $13,392.92 to 11,458.75 and that the resulting credit of $1,934.17 plus interest be charged against Account 101.990.5930 Real Estate and Personal Property Taxes.
Fiscal Note: There are sufficient funds available for this credit. Other taxing jurisdiction's portions will be charged back to them when appropriate.