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Eau Claire council approves settlement with Sam's Club, limits city refund to about $12,355
Summary
The Eau Claire City Council unanimously approved a proposed settlement with Sam’s Real Estate Business Trust over disputed property assessments; the deal reduces the city’s exposure to a much larger refund and avoids costly litigation.
The Eau Claire City Council on July 26 approved a resolution to settle four pending excessive-taxation cases brought by Sam’s Real Estate Business Trust, the property owner for the local Sam’s Club, avoiding further litigation and a potentially much larger refund.
Deputy City Attorney Stromberger told the council that the proposed resolution would resolve four cases in circuit court and that the city is recommending a settlement to limit litigation costs and taxpayer exposure. “The valuation on the Sam’s Club property in Eau Claire was $6,850,000 for ’21 to ’24,” Stromberger said. “We are proposing that we agree to a $6,500,000 valuation for ’21–’22. Sam’s…
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