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File #: 151823    Version: 0
Type: Resolution Status: Passed
File created: 4/15/2016 In control: COMMON COUNCIL
On agenda: Final action: 5/24/2016
Effective date:    
Title: Resolution to cancel real estate taxes levied against certain parcel identified by tax key number 155-9983-200-6, 6161 N. 64th Street, (64th St LLC), on the 2010, 2011 and 2012 manufacturing tax rolls, interest waived per settlement agreement.
Sponsors: THE CHAIR
Indexes: MUNICIPAL LIABILITY, PROPERTY TAXES
Attachments: 1. Spreadsheet of Tax Reduction, 2. Cover Letter, 3. Claim Forms

Number

151823

 

Version

ORIGINAL

 

Reference

 

 

Sponsor

THE CHAIR

 

Title

 

Resolution to cancel real estate taxes levied against certain parcel identified by tax key number 155-9983-200-6, 6161 N. 64th Street,  (64th St LLC), on the 2010, 2011 and 2012 manufacturing tax rolls, interest waived per settlement agreement.

Analysis

This resolution requires the cancellation of taxes because of a settlement agreement as made between the Wisconsin Tax Appeals Commission of the Wisconsin Department of Revenue and 64th St LLC, the issuance of check to the City Treasurer or taxpayer as applicable, and the proper reductions of State Tax Credits by journal entries.

Body

 Whereas, The Wisconsin Tax Appeals Commission of the Wisconsin Department of Revenue 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 a city check in the amount as shown in this file, payable to the City Treasurer or taxpayer as applicable, to be refunded to the taxpayer where appropriate, no interest applicable pursuant to Section 70.511(2)(b) of Wisconsin Statutes, for an appeal that was filed as shown in this file, said amount to be charged to the 2016 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 2016 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 this account is hereby canceled.

 

Requestor

Assessor’ Office

 

Drafter

jfreda

 

4/4/2016