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Council authorizes staff to accept "walk-away" settlement in Rural Industries tax appeal
Summary
Warren City Council authorized staff to proceed with a settlement in a 2023 real-estate tax appeal by Rural Industries that would leave assessments as currently in effect; county and school district indicated they will accept the offer.
The Warren City Council on May 19 authorized city counsel to proceed with a settlement offer in a 2023 real-estate tax appeal filed by Rural Industries concerning three properties at 140 Commerce Street.
According to staff, after a hearing in April the parties negotiated a "walk-away" settlement that would leave the current assessed value in place. The memo presented to council said the county commissioners and the Warren County School District indicated they wish to accept the proposed settlement. Staff warned that if the settlement were rejected the case would proceed to trial, exposing the city to additional legal expense and the risk of a larger reduction in assessed value.
A motion to authorize city counsel to finalize and execute an appropriate settlement agreement was made and approved by roll call (Miss Flasher, Mr. Cashman, Mr. Gilbert, Mrs. McCain, Mr. Valella and Mayor Wertman). The motion carried 6–0. Staff noted no dollar amounts were announced in the public meeting record and said the settlement would leave assessments "as is."
