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