Number
041361
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution to cancel real estate taxes levied against a certain parcel identified by Tax Key No. 392-0970-100-X, 252-262 East Menomonee Street, Milwaukee, Wisconsin (Sampson Investments), on the 2002 and 2003 manufacturing tax rolls, plus interest applicable to date of repayment, if appropriate. (Assessor's Office)
Analysis
This resolution requires the cancellation of taxes because of a decrease in assessment as made by the Wisconsin Tax Appeals Commission of the Wisconsin Department of Revenue of Tax Key No. 392-0970-100-X for 2002 and 2003, the issuance of checks to the City Treasurer or taxpayer as applicable, and the proper reductions of State Tax Credits by journal entries.
Body
Whereas, Assessments were made against certain parcels of real estate for the year 2002 and 2003 as contained in Common Council Resolution File No. 041361; and
Whereas, The Wisconsin Tax Appeals Commission has decreased these assessments as shown in this file; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the proper city officers are authorized and directed to issue city checks in the amounts shown in this file, payable to the City Treasurer or taxpayer as applicable, to be refunded to the taxpayer where appropriate, plus interest at the rate of 9.6% applicable from date of payment to date of repayment, said amount to be charged to the Remission of Taxes Fund, 0001 Org 9990 Program 0001 Sub-class S163 Account 006300 and said check to be delivered to the Customer Services Unit of the Treasurer's Office for disbursement; and, be it
Further Resolved, That the proper city officers are authorized and directed to reflect the reduction in State Tax Credits as shown in this file by means of journal entries, charging the Remission of Taxes Fund, 0001 Org 9990 Program 0001 Sub-class S163 Account 006300, and crediting the State Tax Credit Fund; and, be it
Further Resolved, That delinquent interest and penalties on any account covered by this resolution are hereby canceled.
Requestor
Assessor' Office
Drafter
mpr/kat
1/26/05