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Controller’s office to accept settlement payment for Pier 1 special taxes; committee forwards resolution
Summary
A resolution to accept a $68,008.95 settlement payment from AMB Pier 1 LLC for delinquent special taxes in Improvement Area 1 was forwarded to the full board after the controller’s office explained the amount included the missed tax, a 10% penalty and interest.
The Budget and Finance Committee on March 19 voted 3–0 to forward to the full Board of Supervisors a resolution authorizing acceptance of a settlement payment from AMB Pier 1 LLC to resolve a delinquent special tax payment for Improvement Area No. 1 of the City and County’s special tax district.
Vishal Dreddy of the Controller’s Office of Public Finance explained the resolution would…
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