NUMB:
000454
VERS:
ORIGINAL
REF:
XXBY:
THE CHAIR
TITL:
Resolution authorizing the settlement of the judgment entered for personal property taxes in the amount of $137,857.94 on June 20, 2000, in favor of the City of Milwaukee, and against The Finishing Group, Inc., Circuit Court Case No. 99-CV-005507, for the amount of $92,438.91. (City Attorney)
ANLS:
_____________________________________________________________
-Analysis-
This resolution authorizes the settlement of the judgment entered for personal property taxes in the amount of $137,857.94 on June 20, 2000, in favor of the City of Milwaukee, and against The Finishing Group, Inc., Circuit Court Case No. 99-CV-005507, for the amount of $92,438.91. _____________________________________________________________
BODY:
Whereas, On July 8, 1999, the City of Milwaukee filed a summons and complaint in Circuit Court, Milwaukee County, Case No. 99-CV-005507 against The Finishing Group, Inc. for the recovery of personal property taxes for 1993 through 1998 at 312 East Buffalo Street in the amount of $92,438.91, plus interest and penalties; and
Whereas, With the adoption of sec. 70.11(39), Stats., a substantial part of the personal property of The Finishing Group, Inc.'s personal property is now exempt from taxation as computers, and
Whereas, The Circuit Court, Milwaukee County entered an Order on June 20, 2000, therein ordering judgment in the amount of $92,438.91, taxes, plus $45,419.03, interest and penalties, for a total of $137,857.94; and
Whereas; The parties stipulated to the Circuit Court entering the judgment, subject to the approval of the payment of said judgment by The Finishing Group, Inc. in the amount of the personal property taxes; and
Whereas, The Finishing Group, Inc. will be ceasing business operations in Milwaukee, now, therefore be it
Resolved, By the Common Council of the City of Milwaukee that the judgment entered on June 20, 2000, in favor of the Ci...
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