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File #: 091270    Version: 0
Type: Resolution Status: Passed
File created: 1/20/2010 In control: JUDICIARY & LEGISLATION COMMITTEE
On agenda: Final action: 2/9/2010
Effective date:    
Title: Resolution authorizing payment of an Arbitration award in the cases of Metropolitan Associates v. City, Granville Holding v. City, Servite Village Apartments v. City, Rainbow Terrace Apartments v. City, Riverwood Apartments Assn. v. City and Northland Apartments v. City for the years 2006, 2007 and 2008 for the total amount of $58,976.74 plus statutory interest.
Sponsors: THE CHAIR
Indexes: LITIGATION, SUITS SETTLEMENT, TAX CANCELLATIONS
Attachments: 1. Fiscal Note, 2. Assessment Reduction Table, 3. Arbitration Spreadsheet, 4. Cover Letter, 5. Hearing Notice List
Number
091270
Version
ORIGINAL
Reference

Sponsor
THE CHAIR
Title
Resolution authorizing payment of an Arbitration award in the cases of Metropolitan Associates v. City, Granville Holding v. City, Servite Village Apartments v. City, Rainbow Terrace Apartments v. City, Riverwood Apartments Assn. v. City and Northland Apartments v. City for the years 2006, 2007 and 2008 for the total amount of $58,976.74 plus statutory interest.
Analysis
This resolution authorizes payment of an Arbitration award in the cases of Metropolitan Associates v. City, Granville Holding v. City, Servite Village Apartments v. City, Rainbow Terrace Apartments v. City, Riverwood Apartments Assn. v. City and Northland Apartments v. City, in the total amount of $58,976.74 plus interest, if applicable.
Body
Whereas, The cases of Metropolitan Associates v. City (07CV14475), Granville Holding v. City (07CV14477), Servite Village Apartments v. City (07CV14473), Rainbow Terrace Apartments v. City (07CV14474), Riverwood Apartments Assn. v. City (08CV7044) and Northland Apartments v. City (07CV14471) are Wis. State Statute. 74.37 claims for Excessive Assessment for years 2006, 2007 and 2008 and have claimed property tax refunds; and

Whereas, The parties have submitted this issue to Arbitration and an award has been granted; and

Whereas, The Assessor’s Office has calculated the net property refund amount to be as shown in this file for each owner; 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 city checks in the amounts as shown in this file, to be refunded to the taxpayer, plus interest at the average annual discount rate determined by the last auction of 6-month U.S. treasury bills before the objection per day for the period of time between the time when the tax was due and the date that the claim was paid pursuant to Section 74.37(5) of Wisconsin Statutes, for an appeal that was filed ...

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