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R-04-10-26-15E4 - 10/26/2004 RESOLUTION NO. R-04-10-26-15E4 WHEREAS, the City of Round Rock is mandated by V.T.C.A. , Tax Code §31 . 11 to refund, upon taxpayer application to the tax collector of its taxing unit and upon verification by the auditor of its taxing unit, any overpayment or erroneous payment of taxes; and WHEREAS, if such amount exceeds $500 . 00, then the governing body of the taxing unit must also determine that the payment was erroneous or excessive and must approve the refund, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the following named taxpayer, Photronics Texas, L.P. has made an overpayment or erroneous payment of 2000, 2001, 2002, and 2003 taxes in the amount of $10, 000 . 00; that such amount is in excess of $500 . 00; that such overpayment or erroneous payment has been verified by the Tax Collector; and that application for refund has been made to the Tax Collector by said taxpayers . The Council further finds and makes a determination that the payment was erroneous or excessive; and further approves such refund in the amount of $10, 000 . 00 . The City Council hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Resolution was adopted was posted and that such meeting was open to the public as required by law at all times during which this Resolution and the subject matter hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended. QPFDesktop\::ODMA/WORLDOX/O:/WDOX/RESOLUTI/R41026E4.WPD/sc RESOLVED this 26th day of October, 2004 . NO AWL ELL, Mayor ty of Round Rock, Texas ATTEST: CHRISTINE R. MARTINEZ, City Secretar 2 =-- A Williamson CountyAppraisafDistrict t ar''s v t 510 W. 9t'Street < Georgetown, Texas 78626 . (512)930-3787—Austin Metro (512)352-8542—Taylor Metro „i (512) 930-0391 —Facsimile Board of Directors Don Paull,Chairman Robert Tagge,Vice-Chairman Harry Gibbs,Secretary October 12, 2004 Deborah Hunt Brig Mireles Jim Nuse, City Manager City of Round Rock 221 E. Main Round Rock, Texas 78681 Bill Carroll,Chief Appraiser Re: Cause No: 00-471-C26 (Consolidated); Photronics Texas, Inc. and Photronics Texas I, L.P. v. Williamson CAD billlc@wcad.org Dear Mr. Nuse: A settlement has been reached on the attached referenced lawsuit for the tax years 2000, 2001, 2002 and 2003. The settlement was the result of an Agreed Judgment between the District and the Plaintiff in this suit. (Please see attached Agreed Judgment.) If you have any questions, please feel free to call. Sincerely, Bill Carroll Chief Appraiser BC/Idb Enclosure cc: Forrest Child, A/C CAUSE NO. 00-471-C26 (Consolidated) PHOTRONICS TEXAS,INC., IN THE DISTRICT COURT And PHOTRONICS TEXAS I,L.P. Plaintiff V. WILLIAMSON COUNTY, TEXAS WILLIAMSON COUNTY APPRAISAL DISTRICT, Defendant 26Th JUDICIAL DISTRICT AGREED JUDGMENT CAME TO BE HEARD, Photronics Texas, Inc., and Photronics Texas L.P., Plaintiff, and Williamson County Appraisal District, Defendant, appearing by and through their attorneys of record, and announced to the Court that the parties desired to resolve and settle the matters in controversy in order to avoid the trouble, expense, and uncertainty of litigation. The parties announced that they have reached a final settlement regarding all issues of law and fact,including the appraised value of Plaintiff's property. Having heard these announcements 'and reviewed the evidence'and arguments of counsel,the Court is of the opinions that such terms and conditions are well taken and should form the basis of judgment. IT IS THEREFORE ORDERED, ADJUDGED, AND DECRY fC L ED stipulations are agreed by the parties and entered by the Court as its judgment. 2004 I. The undersigned parties agree and stipulate that bona fide dis &t� i between the parties concerning the market or appraised value of the subject property. These stipulations are entered.into by the parties solely for the purpose of compromising and settling their various claims, each as to the other. No other use of this stipulation may be made by the parties concerning the claim of either party as to the other,whether having arisen in the past,now pending, or to arise in the future,including subsequent disputes concerning the market or appraised value of the subject property within Defendant's jurisdiction. The agreement is not intended by either party as an admission concerning the issues in dispute nor shall it be represented by either party as to the Other as an admission. Further,the existence,terms,and contents of this Agreed Judgment shall not , be admissible in any judicial or administrative proceeding as against either party, except as may be necessary to enforce the terns and conditions of said judgment. 2. Pursuant to Section 42.41, Texas Tax Code, Defendant Williamson County Appraisal District shall revise the relevant appraisal roll to reflect the following appraised values for the property that is the subject of this lawsuit: Realty Personalty Year (R327030) (P375639) Total 2000 $3,922,400 $16,500,000 $20,422,400 2001 $3,922,400 $16,500,000 $20,422,400 2002 $3,922,400 $16,500,000 $20,422,400 2003 $3,922,400 $16,500,000 $20,422,400 3. The undersigned parties shall,as soon as possible following execution ofthis Agreement, do or cause their attorneys to do whatever is reasonably necessary to effect this Agreement. Defendant Williamson County Appraisal District shall advise the appropriate assessor-collector to (1) change the tax roll and other appropriate records according to the terms of this Agreement; (2) prepare and deliver a corrected supplemental tax bill as required by Chapters 31 and 42,Texas Tax Code; and(3)refund to Plaintiff any amount due pursuant to Section 42.43,Texas Tax Code,except for any interest on the refund which is hereby waived by Plaintiff so long as the applicable refund is made on or before October 29, 2004. 4. All costs and attorneys fees are to be borne by the party incurring them. 5._Nothwithstanding any other provision of this agreement,Plaintiff waives any refund as a result of this litigation in excess of$10,000 from the City of Round Rock and accepts this amount as the total refund due under this judgment. 6. Notwithstanding any other provision of this agreement,Plaintiff waives any refund as a result of this litigation in excess of$1,490,000 from Round Rock Independent School District and 2 accepts this amount as the total refund due under this judgment. 7. All other relief not specifically granted herein is denied: Signed this �� day of 2004. JUDGE PRESIDING APPROVED AS TO FORM AND SUBSTANCE: 1 James P p Robert Mott State Bar No. 16139280 / State Bar No. 1459 Raymond Gray Karen Evertson State Bar No. 08328250 State Bar No. 00797745 Popp &Ikard LLP Sandra Griffin P.O. Box 2242 State Bar No. 00791280 Austin, Texas 78768 Perdue,Brandon, Fielder, Collins (512) 473-2661 &Mott,L.L.P. (512) 479-8013 (fax) 6300 La Calma Drive, Suite 450 ATTORNEY FOR PLAINTIFF Austin,Texas 78752 (512) 302-0190 (512) 302-1802 (fax) ATTORNEY FOR DEFENDANT 3 DATE: October 21, 2004 SUBJECT: City Council Meeting - October 26, 2004 ITEM: *15.E.4. Consider a resolution authorizing property tax refund to Photronics Texas, L.P. for 2000, 2001, 2002, and 2003 taxes totaling $10,000.00. Department: Finance Department Staff Person: Cindy Demers, Finance Director Justification: State law requires that property tax refunds in excess of $500 be approved by the governing body. This refund is the result of agreed judgments approved by the appraisal district reducing the taxable values on the 2000, 2001, 2002, and 2003 tax rolls. Funding• Cost: $10,000.00 Source of funds: General and Debt Service Operating Budgets Outside Resources: N/A Background Information: Required process set by law. Public Comment: N/A