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Treasurer reports $270,000 in tax-cert settlements, including $80,000 refund for 70 E Sunrise
Summary
Village treasurer reported 14 tax-cert settlements totaling about $270,000; the largest noted refund was $80,000 related to 70 E Sunrise after valuation adjustments and county settlement differences.
The village treasurer (speaker 1) presented the tax-certification settlements for the period and said the packet listed 14 total settlements totaling roughly $270,000. She highlighted two larger refunds: approximately $80,000 tied to 70 E Sunrise and about $38,000 tied to a large apartment complex near the train station.
"The $80,000 for 70 E Sunrise... we had that valued at over 25,000,000. The county settled at 15,000,000. We reduced it to 20,000,000 and had to give the $80,000 refund," the treasurer said, summarizing valuation changes that produced the refund. Trustees asked clarifying questions about why some settlements dated back several years (attorney delays and open tax issues were cited). The board did not object and accepted the treasurer's report into the record.
