R-06-09-14-11C4 - 9/14/2006RESOLUTION NO. R -06-09-14-11C4
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.L.P. has
made an overpayment or erroneous payment of 2004 taxes in the amount of
$46,785.65; 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 $46,785.65.
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.
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RESOLVED this 14th day of September, 2006.
ATTEST:
LL, Mayor
ity of Round Rock, Texas
CHRISTINE R. MARTINEZ, City Secretary
PHOTRONICS TEXAS I, L.P.,
Plaintiff,
VS.
TRAVIS CENTRAL APPRAISAL
DISTRICT,
Defendant.
NO. GN403058
IN THE DISTRICT COURT OF
TRAVIS COUNTY, TEXAS
126TH JUDICIAL DISTRICT
AGREED JUDGMENT
ON THIS DAY CAME ON TO BE HEARD Photonics Texas I, L.P., Plaintiff herein,
and Travis Central Appraisal District, Defendant herein, appearing by and through their
respective attorneys of record, and announced to the Court that the parties herein desired to
resolve and settle the matters in controversy, and avoid the trouble, expense and uncertainty of
litigation, and have reached an agreement to that effect. Having heard these announcements and
reviewed the evidence and arguments of counsel, the Court is of the opinion that such terms and
conditions are well taken and should form the basis of a 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 partiesconcerning 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 as to each other. No other use of this Stipulation may be made by
the parties hereto as conce
AGREED JUDGMENT
-Pagel
d cl f either party as to the other, whether having arisen in
`04OEC—,3 Pm x:48
• i's r'
.
the past, now pending, or to arise in the future, including without limitation, subsequent disputes
as to the market or appraised value of the subject property within Defendant's appraisal
jurisdiction in any subsequent years. This agreement is not intended by either party as an
admission of the market value of the subject property, nor shall same be represented by either
party as to the other, as an admission. Further, the existence, terms, and contents of the Agreed
Judgment shall not b e 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, either
party as to the other.
2. Pursuant to section 42.41 of the Texas Tax Code, Defendant Travis Central Appraisal
District shall revise the appraisal rolls to reflect the following appraised values:
Parcel 2004 Appraised Value
049783-00 $16,500,000
02-8223-0102 $3,922,400
3. The undersigned parties shall, as soon as possible following the execution of this
agreement, do, or cause their attorneys to do, whatever is reasonably necessary to effect this
agreement, including compliance with the provisions of sections 42.41 through 42.43 of the
Texas Property Tax code.
4. The parties herein acknowledge that Section 42.43, Texas Property Tax Code,
provides for payment of interest on any refund made as a result of a final determination of an
appeal which decreases a property owner's tax liability; however, •Plaintiff hereby agrees to
waive any such applicable right to receive interest on any such refund.
• 5. All costs and attorney's fees are to be borne by the party incuning same.
6. A11 other relief not specifically granted herein is denied.
AGREED JUDGMENT
- Page 2
7. This judgment finally disposes of all claims and all parties.
Signed this the 56
AGREED JUDGMENT
- Pagc 3
day of 60i11IGvr
, 2004.
NUV-Ga- UU'{ flUN UC i i rrl
APPROVED AS TO FORM AND SUBSTANCE:
POPP & IABD LLP
1301 S. Mopac, Suite 430 (78746)
P.O. Box 2242
Austin, Texas 78768
(512) 473-2661
(51 ij;,79-8
BY
Raymond
State Bar No. 08 28250
Darlene A. Sullivan
State Bar No. 24031705
ATTORNEYS FOR PLAINTIFF
Linebarger Goggan Blair & Sa=npson, LLP
P.O. Box 17428
Austin, Texas 78760
(512) 477-6675
(512) 443-3494 [Facsimile)
Br
Judith A. Hargrove Lor; Rabev tQn
State Bar No, 11595050 Rs1,1 aero' 1 z$'3
ATTORNEYS FOR TRAVIS CENTRAL APPRAISAL DISTRICT
rnn nv.
¢c4113EP JUDOMRNr
• Page 4
WILLIAMSON COUNTY
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Current Values Prior Values Gain/Loss
Personal Value 16,500,000 28,821,090
CRR Assessed 16,500,000 28,821,090 -12,321,090
Taxable 1,885.301 14,206,391 -12,321,090
.SRR Assessed 16,500,000 28,821,090 -12,321,090
Taxable 16,500,000 28,821,090 -12,321,090
Land NHS 960 960
SRR Assessed 0 960 -960
Taxable 0 68 -68
Land NHS 300 300
SRR Assessed 0 300 -300
Taxable 0 300 -300
Property Description
INVENTORY SUPPLIES FURNITURE FIXTURES
MACHINERY EQUIPMENT @ 201 MICHAEL ANGELO WAY
RR
Situs: 201 MICHAEL ANGELO WAY
Taxing Units: CAD, CRR, GTR, SRR
Active Exemptions: AB
Change Reason: CHANGE
Land State Code:
Improvement State Code:
Supplement Code: CHG - Change of value to roll
Comment: DV/V; SECTION 6.025-CHG TO MATCH TCAD
AGREED VALUE
CHANDLER CREEK SEC 21, BLOCK A, LOT 1A
(GREENBELT), ACRES 3.2
Situs: PHEASANT RIDGE
Taxing Units: CAD, GWI, M16, RFM, SRR, W09
Active Exemptions: EX
Change Reason: CHANGE
Land State Code: C7
Improvement State Code:
Supplement Code: CHG - Change of value to roll
Comment: CGP; ADD TAX EXEMPT STATUS PER SWD
2004009398 1/27/04.
CHANDLER CREEK SEC 21, BLOCK A, LOT 38A
(GREENBELT)
Situs: PHEASANT RIDGE
Taxing Units: CAD, GWI, M16, RFM, SRR, W09
Active Exemptions: EX
Change Reason: CHANGE
Land State Code: C7
Improvement State Code:
Supplement Code: CHG - Change of value to roll
Comment: CGP; ADD TAX EXEMPT PER DEED 2004009398
1/27/04.
IDs and Owner Information
PID: P -16-P294-7040-3704-01
QID: P375639
PHOTRONICS
ATTN:TAX DEPT
PO BOX 5226
BROOKFIELD, CT 06804-5226
Owner ID: 0462040
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MEADOWS AT CHANDLER CREEK Mt
% ST ENVIRONMENTAL SERVICES
2809 LONGHORN BLVD
AUSTIN, TX 78758
OwnerlD: 00320271
PID: R -16 -3298 -000A -0038A
QID: R430904
MEADOWS AT CHANDLER CREEK Mt
% ST ENVIRONMENTAL SERVICES
2809 LONGHORN BLVD
AUSTIN, TX 78758
OwnerlD: 00320271
Printed on 05/30/2006 at 10:48 AM
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DATE: September 6, 2006
SUBJECT: City Council Meeting - September 14, 2006
ITEM: *11.C.4. Consider a resolution authorizing a property tax refund to Photronics
Texas, L.L.P. for 2004 taxes in the amount of $46,785.65.
Department: Finance
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 an agreed judgment approved by the Travis Central Appraisal
District through the Williamson Central Appraisal District reducing the taxable value on the 2004
tax roll.
Funding:
Cost:
Source of funds:
$46,785.65
General and Debt Service Operating Budgets
Outside Resources: N/A
Background Information:
Required process set by law.
Public Comment: N/A