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File #: 141830    Version: 0
Type: Resolution Status: Passed
File created: 3/31/2015 In control: COMMON COUNCIL
On agenda: Final action: 4/21/2015
Effective date:    
Title: Resolution authorizing $631,220.82 from the 2015 Common Council Contingent Fund for expenditures relating to the remission of taxes for a settlement payment to US Bank.
Sponsors: THE CHAIR
Indexes: CONTINGENT FUND, PROPERTY TAXES
Attachments: 1. Budget Response, 2. Fiscal Impact Statement, 3. Hearing Notice List
Number
141830
Version
ORIGINAL
Reference
141708
Sponsor
THE CHAIR
 
Title
Resolution authorizing $631,220.82 from the 2015 Common Council Contingent Fund for expenditures relating to the remission of taxes for a settlement payment to US Bank.
 
Body
Whereas, The city and U.S. Bank have reached a compromise on US Bank property assessments for 2012 and 2013; and
 
Whereas, Common Council Resolution 141708 authorized the Comptroller to refund 2012 and 2013 property taxes in the amount of $631,220.82 to U.S. Bank from the remission of taxes fund; now, there be it
 
Resolved, By the Common Council of the City of Milwaukee that $631,220.82 be authorized from the Common Council Contingent Fund (#0001-9990-C001-006300) (2015) to the Special Purpose Account Remission of Taxes (#0001-9990-S163-006300) (2015).
 
Requestor
Department of Administration
Budget and Management Division
Drafter
Ref: 15009 DY:dmr
March 25, 2015
Finance: CCCF - Remission of Taxes 3-2015