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File #: 051509    Version: 0
Type: Resolution Status: Passed
File created: 2/28/2006 In control: FINANCE & PERSONNEL COMMITTEE
On agenda: Final action: 3/23/2006
Effective date:    
Title: Resolution appropriating $700,000 from the 2006 Common Council Contingent Fund (0001-9990-C001-0066300) for expenditure through the SPA Remission of Taxes Fund Account (0001-9990-S163-006300) to provide funding for remitted taxes.
Sponsors: ALD. MURPHY
Indexes: CONTINGENT FUND, LITIGATION, TAXATION
Attachments: 1. Budget and Management Cover Letter.pdf, 2. Contingent Fund Form.pdf, 3. Fiscal Note.pdf, 4. Fiscal Analysis

Number

051509

 

Version:

 

Reference

 

Sponsor

ALD. MURPHY

 

Title

Resolution appropriating $700,000 from the 2006 Common Council Contingent Fund (0001-9990-C001-0066300) for expenditure through the SPA Remission of Taxes Fund Account (0001-9990-S163-006300) to provide funding for remitted taxes.

 

BODY:

Whereas, The City of Milwaukee is required to pay $700,000 to two manufacturing firms, Newark and Gagliano for remitted property taxes; and

 

Whereas, Newark won a court case that determined that their land, buildings, and additional equipment qualified for the waste treatment exemption pursuant to state statute 70.11(21); and

 

Whereas, Gagliano won a court case that determined that the ripening of fruits and vegetables constitutes a manufacturing process and were entitled to a personal property exemption for their processing equipment pursuant to state statute 70.11(27); and; now, therefore, be it

 

Resolved, By the Common Council of the City of Milwaukee, that up to $700,000 be appropriated from the 2006 Common Council Contingent Fund (0001-9990-C001-0066300) to the remission of taxes account (0001-9990-S163-006300).

 

Drafter

Budget and Management Division

Ref:06009: DY: 

February 28, 2006

FINANCE:rem of tax contingent 2006.rtf