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R-03-05-22-11C5 - 5/22/2003RESOLUTION NO. R- 03- 05- 22 -1105 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, CIN Boardwalk, LP has made an overpayment or erroneous payment of 2001 taxes in the amount of $9,133.81; 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 $9,133.81. 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. @PP➢esktop \::OOMA/ WORLDOX/ 0 : /WDO% /RESOLUTI /R70522C5.WP0 /sc ATTEST: RESOLVED this 22nd day of May, 2003. CHRISTINE R. MARTINEZ, City Secretary 2 ;,►T" E 'i W LL, Mayor ity of Round Rock, Texas 04/11/2003 09:40:41 TC536 ADJUSTMENT REFUNDS ACCOUNT NUMBER SUIT UNP TOT YEAR UNIT OWNER NAME PENDING RECEIPT DATE VALIDATION# STAT AMOUNT ADJ REASON(S) 3406 -0000 -0001 P 2001 02 CIN BOARDWALK L P 20053115 04/11/2003 30411092510 RF 8,125.15 VALUE DECREASED CHECK PAYEE: CIN BOARDWALK L P CHECK TOTAL: 8,125.15 2100 MCKINNEY AVE STE 700 DALLAS TX 75201- 4109 - 0000-0001 8 2001 02 CIN BOARDWALK L P 20053116 04/11/2003 30411093345 RF 1,008.66 VALUE DECREASED CHECK PAYEE: CIN BOARDWALK L P CHECK TOTAL: 1,008.66 2100 MCKINNEY AVE STE 700 DALLAS TX 75201- TOTAL POST PERIOD CREDIT 0.00 TAX COLLECTION SYSTEM REFUNDS SELECTED REPORT FROM: 04/11/2003 TO: 04/11/2003 MINIMUM DOLLAR AMOUNT: $ TOTAL ALL ACCOUNTS 9,133.81 PAGE: 1 0 Board of Directors Ercel Brashear, Chairman Robert Tagge, Vice - Chairman Deborah Hunt, secretary Leslie HUl Don Paull Bill Carroll, Curet Appraiser wtc-wcad@texas.net Williamson County Appraisal - District April 9, 2003 David Kautz, Chief Finance Director City of Round Rock 211 E. Main Round Rock, Texas 78681 Re: Cause No: 01- 461 -C277 CIN Boardwalk, LP v. Williamson CAD Dear Mr. Kautz: A settlement has been reached on the attached referenced lawsuit for the tax years 2001 and 2002. The settlement was the result of an Agreed Judgment between the District and the Plaintiff in this suit. (Please see attached Agreed Judgment.) The Plaintiff has agreed to waive the interest due. If you have any questions, please feel free to call. With Kindest Regards, age ewe Bill Carroll Chief Appraiser BC /Idb Enclosure cc: Forrest Child, A/C 510 W. 9 Street Georgetown, Texas 78626 (512) 930 -3787 — Austin Metro (512) 352 -8542 — Taylor Metro (512) 930 -0391 — Facsimile RECEIVED APR 0 8 2003 WILLIAMSON CAD CIN BOARDWALK, LP, IN THE DISTRICT COURT OF Plaintiff WILLIAMSON COUNTY, TEXAS WILLIAMSON COUNTY APPRAISAL DISTRICT, CAUSE NO. 01- 461 -C277 Defendant 277 JUDICIAL DISTRICT AGREED JUDGMENT CAME TO BE HEARD, CIN Boardwalk, LP, 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 DECREED that the following stipulations are agreed by the parties and entered by the Court as its judgment. 1. The undersigned parties agree and stipulate that bona fide disputes and controversies exist 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 agre ent is c f v ended h) party APR 022003 District Cl� C er Williamsonn o., Tx 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 terms and conditions of said judgment. 2. Pursuant to Section 42.41, Texas Tax Code, Defendant Williamson County Appraisal District shall revise the 2001 appraisal roll to reflect the following appraised values for the property that is the subject of this lawsuit: Account Number Property Description Appraised Value R362158 2601 IH 35 South $16,835,000 BOARDWALK 2 SUB SEC 6 LOT 1; 19.891 Acres R362159 2541 11135 South HOME DEPOT, LOT 1 1.349 Acres 3. There will be no value change for 2002. 6. All other relief not specifically granted herein is denied. 2 $1,665,000 4. The undersigned parties shall, as soon as possible following execution of this 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. 5. All costs and attorneys fees are to be borne by the party incurring them. r7PP. 10 '03 1520 FR FQPP IKFP.D 512 479 8013 TO 3021802 •■, •w ue,a reraue nranaon 512302,1802 I 10 '03 1529 Signed this Mark Hutcheson State Bar No. Popp & Beard, L.L.P. The Pierre Bremond House 402 W. 7 Street Austin, Texas 78701 (512) 473-2661 (512) 479-8013 (Fax) ATTORNEY FOR PLAINTIFF Robert Mott State Bar No. 1459 Karen Evertson State Bar No 00797745 Sandra Griffin State Bar No. 00791280 Perdue, Brandon, Fielder, Collins & Mott, L.L.Y. 6300 La Calma Drive, Suite 450 Austin, Texas 78752 (512) 302 -0190 (512) 302 -1802 (fax) . ATTORNEY FOR DEFENDANT day of JUDGE PRESIDING APPROVED AS TO FORM AND SUBSTANCE: , 2003. is/ 6,2._) 3 P.05/05 P .5 ** TOTAL PAGE. 05 ** Parcel / Record No: R362158 Name: Address: Address: City, State, ZIP: Total Appraised Value: Non -Taxed Exempt: Homestead: Over 65: Disabled Veterans: Homestead Disability: Total Taxable Value: Frozen Tax: Reason for Changes Wm. T. Carroll, Chief Apprais Appraiser: Williamson County Appraisal District Supplementary Change 2001 Entities: GWI, RFM, SRR, CRR, R70 CIN BOARDWALK L P 2100 MCKINNEY AVE STE 700 DALLAS, TX 75201 Legal Description: BOARDWALK 2 SUB SEC 6, LOT 1, ACRES 19.891 Situs Address: 2601 35 IH S RR Personal Property Value: Improvement Non - Homesite Value: Improvement Homesite Value: Land Non - Homesite Value: Land Homesite Value: Ag Market Value: Ag Use: Old Value Year: 4,332,260 19,357,790 Supplement # New Value 15,025,530 12,502,740 4,332,260 19,357,790 16,835,000 16,835,000 Amount: Agreed value judgment signed 4/1/03 Date: 4/9/03 Date: Entities: GWI, RFM, SRR, CRR, R70 Parcel / Record No: R362159 Name: CIN BOARDWALK L P Address: 2100 MCKINNEY AVE STE 700 Address: City, State, ZIP: DALLAS, TX 75201 Legal Description: HOME DEPOT, LOT 1, ACRES 1.349 Situs Address: 2541 35 IH S RR Personal Property Value: Improvement Non - Homesite Value: Improvement Homesite Value: Land Non - Homesite Value: Land Homesite Value: Ag Market Value: Ag Use: Total Appraised Value: Non -Taxed Exempt: Homestead: Over 65: Disabled Veterans: Homestead Disability: Frozen Tax: Wm. T. Carroll, Chief Appraiser Appraiser: Williamson County Appraisal District Supplementary Change 2001 Old Value New Value 1,331,799 1,018,618 646,382 646,382 1,978,181 1,665, 000 its Total Taxable Value: 1,978,181 1,665,000 Year: Reason for Changes Agreed judgment value signe 4/1/03 Supplement # ate: 4/9/03 Date: 4/9/03 DATE: May 15, 2003 SUBJECT: City Council Meeting — May 22, 2003 ITEM: * 11.C.5. Consider a resolution authorizing a property tax refund to CIN Boardwalk, LP for 2001 taxes in the amount of $9,133.81. Resource: David Kautz, Assistant City Manager Cindy Demers, Finance Director History: 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 2001 tax roll. Funding: Cost: $9,133.81 Source of Funds: The General and Debt Service Operating Budgets Outside Resources: N/A Impact/Benefit: Required process set by law. Public Comment: N/A Sponsor: Finance Department Mayor Nyle Maxwell Mayor Pro-tem Tom Nielson Council Members Alan McGraw Carrie Pin Scot Knight Isabel Gallahan Gary Coe City Manager Jim Nuse City Attorney Stephan L Sheets ROUND ROCK, TEXAS PURPOSE. PASSION. PROSPERITY. May 28, 2003 Mr. Forrest Child Round Rock ISD Tax Office 1311 Round Rock Avenue Round Rock, TX 78681 Dear Mr. Child: The Round Rock City Council approved Resolution No. R- 03- 05 -22- 1105 at their regularly scheduled meeting on May 22, 2003. This resolution approves the property tax refund to CIN Boardwalk, LP for 2001 taxes in the amount of $9,133.81. Enclosed is a copy of the resolution and original agreement for your files. If you have any questions, please do not hesitate to David Kautz at 218 -5401. Sincerely, Sherri Monroe Assistant City Secretary Enclosure CITY OF ROUND ROCK Administrative Dept, 221 East Main Street • Round Rock. Texas 78664 Phone: p2.218.5400 - Fax: 512.218.7097 • www.ci.round- rock.tx.us