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Commission approves settlement in Caris Natural Buttes LLC appeal (3rd District Court case 240900571)
Summary
The Commission approved a valuation settlement in litigation involving Caris Natural Buttes LLC pending in Third District Court (case no. 240900571), authorizing counsel to sign related documents; commissioners said the county and taxpayer negotiated a higher county value and all parties were ready to inform the court the case is settled.
The Commission approved a settlement agreement for Caris Natural Buttes LLC v. Utah State Tax Commission that had been litigated in the Third District Court, authorizing agency counsel to sign related documents. A commissioner summarized the negotiations, saying staff, the taxpayer and counties collaborated and ultimately reached a valuation settlement after county negotiation produced a higher county value than the Commission had previously agreed to: "We were able to collaborate with the division and the taxpayer and, reach a valuation settlement on the years that are in question."
The motion specified the Commission approve settlement of case number 240900571 and authorize legal counsel to execute related documents; the Commission voted unanimously to approve the settlement. Commissioners recorded no request for closed-session counsel discussion and proceeded in open session to finalize the authorization to sign.
