Number
111051
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution to authorize partial refund of 2009 personal property taxes levied against Pacific Rim Capital Inc., plus interest.
Analysis
This resolution authorizes payment of $36,318.07 plus statutory interest on the 2009 tax refund at the rate of 0.8% per month from May 12, 2011 through the date of payment of the refund.
Body
Whereas, Pacific Rim Capital, Inc., account number 9307-0175, has filed a claim under Wis. State Statute 74.35(5)b against the City of Milwaukee for allegedly unlawful taxes; and
Whereas, The City Assessor's Office has received the appropriate information to determine the eligibility for exemption for 2009 for a portion of the personal property; and
Whereas, The parties have entered into an agreement to settle the above referenced claim for the amount of $36,318.07, plus statutory interest on the tax refund at the rate of 0.8% from May 12, 2011 through the date of payment of the refund, said payment to be made by January 31, 2012; 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 of $36,318.07, plus interest at the rate agreed, said amounts to be charged to the 2012 Remission of Taxes Fund, 0001 Org 9990 Program 0001 Sub-class S163 Account 006300; and, be it
Further Resolved, That delinquent interest and penalties on any account covered by this resolution are hereby canceled.
Requestor
Assessor's Office
Drafter
mpr/kat
11/23/11