City of Racine - File #: 0278-16

• File #: 0278-16
• Version: A
• Name: Communication from the Finance Director requesting City Council acknowledgement and endorsement of payment mandated by Racine County Circuit Court Branch 1. (Res No. 0129-16)
• Type: Communication
• Status: Passed
• File created: 4/1/2016
• In control: Finance and Personnel Committee
• Final action: 4/18/2016
• Title: Subject: Communication from the Finance Director requesting City Council acknowledgement and endorsement of payment mandated by Racine County Circuit Court Branch 1. Money Judgment: 30301, dated February 4, 2016, in Case Number 10-CV-1235; Racine Joint Venture II LLC. vs. City of Racine, for refunds of 2009-2011 Real Estate Property Taxes, costs and interest totaling $440,284.20. (Res No. 0129-16) Recommendation of the Finance & Personnel Committee on 4/11/16: Recommend that Racine County Circuit Court Money Judgement Number 30301 of February 4, 2016 in Case Number 10-CV-1235, Racine Joint Venture II, LLC vs. City of Racine, in the amount of $440,284.20 be paid. Further recommend that $225,000 from account 11202-56200 Contingency, $168,500 from account 11201-51500 Sick Leave Payout, and $66,500 from account 11201-51020 Unemployment Compensation, for a total of $460,000, be transferred to account 11202-53420 Misc. RE and PP Taxes Cancelled in the 2015 Budget. Fiscal Note: There are...
• Related files: Res.0129-16

Date	Ver.	Action By	Action	Result
4/18/2016	A	Common Council	Approved	Pass
4/11/2016	A	Finance and Personnel Committee	Recommended For Approval
4/6/2016	A	Common Council	Referred	Pass

Title

Subject: Communication from the Finance Director requesting City Council acknowledgement and endorsement of payment mandated by Racine County Circuit Court Branch 1.  Money Judgment: 30301, dated February 4, 2016, in Case Number 10-CV-1235; Racine Joint Venture II LLC. vs. City of Racine, for refunds of 2009-2011 Real Estate Property Taxes, costs and interest totaling $440,284.20. (Res No. 0129-16)

Recommendation of the Finance & Personnel Committee on 4/11/16: Recommend that Racine County Circuit Court Money Judgement Number 30301 of February 4, 2016 in Case Number 10-CV-1235, Racine Joint Venture II, LLC vs. City of Racine, in the amount of $440,284.20 be paid.

Further recommend that $225,000 from account 11202-56200 Contingency, $168,500 from account 11201-51500 Sick Leave Payout, and $66,500 from account 11201-51020 Unemployment Compensation, for a total of $460,000, be transferred to account 11202-53420 Misc. RE and PP Taxes Cancelled in the 2015 Budget.

Fiscal Note: There are sufficient funds available for the transfer and payment.