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Subject: Communication from the Finance Director requesting to appear before the Finance & Personnel Committee to discuss the State Board of Assessors Notice of Determination in the appeals of Great Northern Corporation regarding 2010 assessment and resulting property tax bill. (Res.11-2465)
Recommendation to the Finance & Personnel Committee on 3-21-11: The 2010 Tax Levy for Great Northern Corp., 1800 South Street, Tax Parcel No. 21249014, be reduced from $156,548.72 to $134,887.28 and that the resulting credit of $21,661.44 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.