File #: 23-595    Version: 1 Name:
Type: Resolution-Council Status: Passed
File created: 7/28/2023 In control: Common Council
On agenda: 8/1/2023 Final action: 8/1/2023
Title: Resolution authorizing the settlement of Nordstrom property tax litigation for tax years 2020-2023 and fund transfer from the Reserve for Contingencies
Attachments: 1. R-23-152 - Authorizing the settlement of Nordstrom property tax litigation for tax years 2020-2023 and fund transfer from the Reserve for Contingencies

By: Financial Affairs Committee

title
Resolution authorizing the settlement of Nordstrom property tax litigation for tax years 2020-2023 and fund transfer from the Reserve for Contingencies

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BE IT RESOLVED, by the Common Council of the City of Wauwatosa THAT execution of a Settlement Agreement in the matter of  Nordstrom, Inc. vs. City of Wauwatosa, Milwaukee County Circuit Court Case no. 2021CV005244, be authorized consistent with the parameters presented to the Financial Affairs Committee at its meeting of July 25, 2023.

 

BE IT FURTHER RESOLVED that a fund transfer from the Reserve for Contingencies in the amount of the city's share of the settlement hereby be approved.

recommendation

Recommendation: Approve 5-0