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Board approves settlement resolving Luxottica 2018 tax assessment dispute
Summary
The commission approved a settlement that fixes Luxottica of America's final 2018 tax assessment at $38,669,404; Luxottica will allow the county to retain a previously tendered payment and provide $50,000 to cover litigation costs.
Henry County commissioners on Oct. 21 approved a settlement resolving outstanding claims with Luxottica of America, Inc., relating to Luxottica’s 2018 tax assessment.
County Attorney CJ presented the resolution asking the board to approve settlement terms in which the county would agree to set Luxottica’s final 2018 tax assessment at $38,669,404. Under the proposed settlement Luxottica agreed to allow the county to retain a previously tendered payment of $1,083,397 and to pay the county $50,000 for costs associated with the litigation. The resolution authorized the chair or county manager, in coordination with the county attorney, to execute necessary documents to finalize the agreement.
Why it matters: the settlement resolves a tax assessment dispute and closes outstanding litigation risks and administrative proceedings connected to the company’s 2018 assessment. The board voted to approve the resolution by motion and second.
Board action: Motion to approve settlement carried by voice vote on Oct. 21. The county manager or chair and county attorney were authorized to execute settlement documents and complete the resolution’s terms.
