City of Racine - File #: Res.14-0360

• File #: Res.14-0360
• Version: A
• Name: Sears Holdings Corporation v. City of Racine, Racine County Case No. 13 CV 1451
• Type: Resolution
• Status: Passed
• File created: 9/3/2014
• In control: City Attorney's Office
• Final action: 9/3/2014
• Title: Sears Holdings Corporation v. City of Racine, Racine County Case No. 13 CV 1451 Resolved, that the potential settlement of Sears Holdings Corporation v. City of Racine, Racine County Case No. 13 CV 1451 is approved. Fiscal Note: Refund of $205,748.00 will be budgeted and paid out of the General Fund in 2015. Approximately $97,700.00 or 47% of this payment will be charged back to the overlying taxing jurisdictions and collected at some point in the future. Additionally, the 2014 real estate assessment will be set at $4,500,000.00.
• Sponsors: Q.A. Shakoor II
• Related files: 14-10500

Date	Ver.	Action By	Action	Result
9/3/2014	A	Common Council	Adopted	Pass

Sponsor

Alderman Shakoor

Title

Sears Holdings Corporation v. City of Racine, Racine County Case No. 13 CV 1451

Resolved, that the potential settlement of Sears Holdings Corporation v. City of Racine, Racine County Case No. 13 CV 1451 is approved.

Fiscal Note: Refund of $205,748.00 will be budgeted and paid out of the General Fund in 2015. Approximately $97,700.00 or 47% of this payment will be charged back to the overlying taxing jurisdictions and collected at some point in the future. Additionally, the 2014 real estate assessment will be set at $4,500,000.00.