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Council approves stipulations settling three tax appeals in executive session
Summary
After executive session, the council approved stipulation settlements in three pending tax appeals, adjusting assessed values for properties including 3.83 Middle Street and two Walmart parcels.
The Bristol City Council approved stipulation settlements in three property tax appeals after returning from executive session.
• Bristol Sports Center DST (Dover statutory trust) — The council approved a stipulation adjusting the full market values for 3.83 Middle Street (Assessor Map 3, Lot 35) with the following grand‑list values: 2023 — $22,720,000; 2024 — $24,100,000; 2025 — $25,425,000; 2026 — $26,500,000. The city authorized the assessor to adjust the grand list and authorized corporate counsel to execute the stipulation.
• Walmart Real Estate Trust — The council approved settlement stipulating a 2022 full‑market value of $11,500,000 for 1400 Farmington Avenue (Assessor Map 46, Lot 73). The assessor is authorized to adjust the grand list and corporate counsel is authorized to execute the stipulation.
• Walmart East Limited Partnership and Cedar Bristol LLC — The council approved settlement stipulating a 2022 full‑market value of $3,950,000 for 325 Oakland Street (Assessor Map 24, Lot 236‑14). The assessor is authorized to adjust the grand list and corporate counsel is authorized to execute the stipulation.
Councilors moved and seconded the stipulations and voted to approve each settlement. No votes were recorded in executive session; the recorded approvals occurred after the council reconvened in public session.
