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R-12-08-23-E3 - 8/23/2012 RESOLUTION NO. R-12-08-23-E3 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, Sherman-Kingsbridge Texas LP has made an overpayment or erroneous payment of 2009 taxes in the amount of $4,297.48; 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$4,297.48. k 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. RESOLVED this 23rd day of August, 2012. A, mayorWIC HWip,W City of Round Rock, Texas a RZV,.�-� ATTEST: MiVl V� rrAA nn tt� SARA L. WHITE, City C1erk 0iwdox\SCC1nts\0112\1204WUNICIPAU00256240.DOC s i ROUND ROCK TEXAS City Council Agenda Summary Sheet PURPOSE PASSION.PROSPERITY. Agenda Item No. E3. - CONSENT Consider a resolution authorizing a property tax refund to Sherman-Kingsbridge Texas, LP Agenda Caption: for 2009 taxes in the amount of$4,297.48. Meeting Date: August 23, 2012 Department: Finance Staff Person making presentation: Cheryl Delaney Finance Director Item Summary: State law requires that property tax refunds in excess of$500 be approved by the governing body. This refund is the result of an agreed judgment approved by the appraisal district reducing the taxable value on the 2009 tax rolls. Cost: $4,297.48 Source of Funds: General Fund Date of Public Hearing(if required): N/A Recommended Action: Approval 06/27/2012 09:16:31 TAX COLLECTION SYSTEM PAGE: 1 TN536 SELECTION SEQUENCE 1239798 REFUNDS SELECTED REPORT CITY OF ROUND ROCK FROM: 06/27/2012 TO: 06/27/2012 MINIMUM DOLLAR AMOUNT: $0 REFUNDS REPORTED FOR INSPECTION ONLY ACCOUNT NUMBER APPR DIST # SUIT DEPOSIT REFUND UNP TOT YEAR UNIT OWNER NAME REC TYPE RECEIPT DATE REMITTANCE# STAT AMOUNT REASON(S) 5069-000A-0001 R372310 RF120627 20120627 CHECK PAYEE: 3NE(�1hAh) RE32009 2 (bENTiAL L 136627202 06/27/2012 15281095 DA 4,297.48 ,./ --CKING HORSE RANCH, BLOCK A, LOT CHECK TOTAL: 4,297.48 dc (1 M A KK.._.4 L U 51-(Q ACRES 20.8907 50 LAKE COOK RD STE 280 DEERFIELD IL60015 - AGENT #: 24601049 FLANAGAN/BILTON/BRANNIGAN TOTAL AMOUNT DUE FOR ACCOUNT .00 TOTAL ALL ACCOUNTS 4,297.48 COUNT OF REFUND CHECKS 1.00 4t MCAD r 625 F.M.1460 Georgetown,Texas 78626 (512)930-3787—Austin Metro June 26, 2012 (512)930-0391—Facsimile www.wcad.oro Steve Norwood, City Manager City of Round Rock(CRR) Board of Directors 221 E. Main Round Rock,Texas 78681 Harry Gibbs,Chairman Deborah Hunt,Vice Chairman Re: Cause No:09-929-C368;Sherman-Kingsbridge Texas LP (Rocking Horse Ranch) s Cecilia M.Crowley,Secretary v. Williamson Central Appraisal District i Rufus Honeycutt F: Dear Mr. Norwood: i Charles Chadwell t A settlement has been reached on the attached referenced lawsuit for the tax year 2009. The settlement was the result of an Agreed Judgment between the District and the Plaintiff in this suit. The Plaintiff has agreed to waive the interest due, if Chief Appraiser the refund is paid within sixty (60) days of the change being certified to the tax assessor by the Appraisal District. (See attached Rule 11 Agreement and Agreed Alvin Lankford Judgment). (512)931-7826 ti alvinitaDwcad.ors If you have any questions, please feel free to call. x' Sincerely, ' I' "We wil/ provide quality �A service with the highest i standards of professionalism, Alvin Lankford integrity and respect We will Chief Appraiser uphold these standards while providing an accurate, fair AL/abl and cost-effective appraisal roll in compliance with the Enclosure laws ofthe State of Texas." (' ,,./Cc: Forrest Child,A/C cc: Cheryl Delaney, Finance Director CRR t i f QUICK-REF ID PROPERTY CAUSE DATE YEARS MKT AMOUNT ID LAWSUIT NAME NUMBER FILED INVOLVED TAXING JURISDICTIONS INVOLVED DPMT Sherman-Kingsbridge TX(Rocking Horse R372310 Ranch) 09-929-C368 9/8/2009 2009 GWI RFM SRR CRR 101 W09 24,683,554 C Williamson Central Appraisal District Supplementary Change 2009 Entities: GWI RFM SRR CRR J01 W09 Parcel/Record No: R-16-5069-000A-0001 (R372310) Name: SHERMAN-KINGSBRIDGE TEXAS LP Address: 500 LAKE COOK RD Address: STE 280 Address: %BENJAMIN E SHERMAN&SONS INC City,State,ZIP: DEERFIELD, IL 60015-4959 Legal Description: SEE ATTACHED AGREED JUDGMENT Situs Address: 1801 E PALM VALLEY BLVD, ROUND ROCK TX 78664 i Old Value New Value Personal Property Value: Improvement Non-Homesite Value: 22,408,556 21,325,002 3 Improvement Homesite Value: i Land Non-Homesite Value: 2,274,998 2,274,998 Land Homesite Value: Ag Market Value: i' Ag Use: Total Appraised Value: 24,683,554 23,600,000 i t Non-Taxed Exempt: 5 Homestead: .. Over 65: id Disabled Veterans: 5 Homestead Disability: r Total Taxable Value: 24,683,554 23,600,000 r Frozen Tax: Year: 4.Amount: Reason for Changes: Per Agreed Judgment signed 6/15/12 z Alvin Lankford, Chief Appraiser Date: 6/25/2012 r Supplement# 36 i } �i Y i' CAUSE NO. 09-929-C368 SHERMAN-MGSBRIDGE TEXAS LP INTHE DISTRICT COURT OF (ROCKING HORSE RANCH Plaintiff, �• WILLIAMSON COUNTY,TEXAS WILLIAMSON CENTRAL APPRAISAL DISTRICT, Defendant. 368Tn JUDICIAL DISTRICT AGREED JUDGMENT j The parties,through their attorneys,have agreed to the terms of this judgment nt as evidenced by the signatures of their attorneys below. IT IS THEREFORE ORDERED, ADJUDGED, AND DECREED that the value of the subject property is as follows: Account No. Description 2009 Value 8372310 Rocking Horse Ranch $23,600,000 Block A,Lot 1 PT, Acres 20.8907 k }(i i, This is a final judgment disposing of all parties and issues. Each party is ordered to pay its costs. p Signed this_��day of ..1 012. t 4 JUDGE BURT CARNES ILED �. e o'clock------M 1 JUN 15 2012 ECEIVED 125112 6/25/1 c, 2 � District Clerk,WilliamsodL �o oma,caD 1 ix 11 i APPROVED AS TO FORM AND SUBSTANCE: Daniel P 0 an State Ba o.05990510 Amy Reilly Sallusti State Bar No.24013388 Geary,Porter&Donovan,P.C. One Bent Tree Tower 16475 Dallas Parkway,Suite 400 ! Addison,Texas 75001-6837 (972)931-9901 (972)931-9208(fax) R ATTORNEYS FOR PLAINTIFF Robert Mott State Bar No. 1459 JOV Sandra Griffin State Bar No.00791280 f Christopher S.Jackson State Bar No.00796816 =' Michael W. Balcezak State Bar No.24012236 Perdue,Brandon,Fielder, t' Collins&Mott,L.L.P. 3301 Northland Dr.,Ste.505 Austin,Texas 78731 (512)302-0190 (5 12)323-6963(fax) ATTORNEYS FOR DEFENDANT k i' 2 RECEIVED i 6/25/12 WILLIAMSON CAD s; . ' PerdueBrandonFielderCollinS&Mott LLP ATTORNEYS AT LAW 3301 Northland Dr. SUITE 505 AUSTIN,TEXAS 78731 TELEPHONE 512302-0190 FAX 512323-6963 www.pbfcm.com RULE 11 AGREEMENT June 6,2012 VIA FACSIlVIII.E(972)931-9208 Ms.Amy Reilly Sallusti Geary,Porter&Donovan',P.C. One Bent Tree Tower 16475 Dallas Parkway,Suite 400 Addison,Texas 75001-6837 RE: Cause No. 09-929-C368; Sherman-Kingsbridge Texas LP(Rocking Horse Ranch) v. Williamson Central Appraisal District Dear Amy: The parties have agreed to settle this lawsuit by setting the value at $23,600,000 for 2009 for account number 8372310. In addition the parties agree that Plaintiff will waive interest on the refund so long as the refund is paid :within 60 days of the date the change is certified to the tax assessor by the A raisal District. Each PP party will bear their own costs and attorney's fees. The parties will execute the attached agreed judgment reflecting the change in value. { 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. Pursuant to Tax Code sections 42.43(f) and 42.43(g), the property owner has made a designation k for refund purposes. See attached completed Form 50-765,Exhibit A. If this accurately reflects our agreement, please sign and return this letter and completed Form x, 50-765 to me for filing. FILED 2t O'clock' M •h' JUN 14 2012 F AMARILLO ARLINGTON AUSTIN CONROE HOUSTON LUBBOCK MCALLEN MIDLAND SAN ANTONIO TYLER WICHITA F'ftrict+Cerk,'W111I amson Co.,TX. RECEIVED 6/25/12 WILLIAMSON CAD 1. Y 1 3 t' Page 2 Rl! Settlement Agreement Sincerely, Saacina GriW n? Attorney for D emdant Agreed: 1 Amy R Usti Attomeffor Plaintiff 4 4 x ¢¢t- [g} ' S 1 2: E v C� S' k k i L i x F' Y RECEIVED 6/25/12 WILLIAMSON CAD j! EXHIBIT RECEIVED 6/25/12 WILLIAMSON CAD Designation of Tax Refund property Tax Form 50-7es Pursuant toii9xas7hx Code Section 42A8,a property owner who prevails In an appeal of an appraisal reviawboard determination of value to diatrlet court may designate to whom and/or where a property tax refund Is to ba sent. By completlmg this form,you(Prcpedy Owner)provide that the refund resuhing.trum a post appeal Ju0nment will be d.fivered to the deslg. noted Individual cr flare.The entire form must be completed for the local tax oiifoa to process the refund Cofleatko(ttt�&q thdq olYoe rteria Round Rock independent School Dlstriet At Adttnrse i 1311 Round Rock Avemm ; ah 7bxelorAastOtlaa.bT�SaPl+oda Round Rock,Texas 78681 Piopenyt3rmer'IfetasartdAtfdress: Sherman-I tgsbddge TX LP 300 Lake Cook Road,Stdte 280 i Deerfield.Illinois 60015 I PtopedyemtaTplion(P�ovldeb8e►de�sa+p�flonarofherhtfbmrallonlmmeAl�ebarromrchealtlClanfrnldenil lyfhapyRarp.ara►fecnecopyerfhefoxr.eaiptJ Rocking Morse Rands,Block A.Lot 1 PT,Acres 20.8007 P+epenYP�siRIJuM1�berorSlsOrmardN4m�ber. 372310 i Ffn Lftionaaeauammbei(mawpmtdaboada&avegj t 0&929•t;3B8 tjZQ09 t0.lt year) • r � t I am the property owner or a duly authorized representative of the property owner entitled 1b a nifund of ad valorem taxes arcs- ' Ing from an appf al underTexasTax Code Chapter 42 By executing this Assignment of Right to a Refund,the property owner assigns all tights and interest for the tax refund to he delivered to the designated individual or firm. 1, Mark Giufkin ,harebydea 990 fro remold Onft QbM netted pMWV be eatt tothe Maw6V Pteasedietkaapto➢rfeiatwx(dtadcontyatteba� Owner—II PropeRll oft dH[eterd addroee thin above Intmntalimi•PTaase pmv5fe lA the space ttetara Q sus Am otaoe of of mw of amid h ft appeal basted at do tst w tp mwr4 ROOM: 0 A umorbtde dud and addfm as deo!mwd In the Mwft rnfon a W6 s N,na Shemlan Residengal.db Mark Gluskin Address 500 Lake Cook Road,Sulfa 280 DeerfieldCk ' t3teta IL ` ZIP 60015 g t. (0 2, tlSrownerar r ado Tha P1%eflY1bxAaeialsnce DMsltrn al lin1i nas Cfrrnpuolier of PditAtx;ourts provides pmpertytox Ebrmore Intorrae*rk Mour Webelle informatlan and resaumas for texpepa%Igaal taxing enfties,approbal diftis and appratsai reitiew boards. www.window alai.lx ua/tnxinf.lproplex -'D'765*%9 EIVED 6125!12 WILLIAMSON CAD k d F: