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Council approves $34,880 settlement with refund clause tied to Walmart assessment
Summary
The Merrill council approved a $34,880 settlement with a provision that any 2026 assessed value above $10,000,000 will have the tax amount refunded within 60 days after Walmart pays in full. The motion passed by voice vote.
The Merrill City Council reconvened by telephone and approved a settlement requiring a payment of $34,880, with a conditional refund tied to the 2026 assessed value of the property in question.
Laurie (S4) read the motion: the settlement is approved with payment of $34,880, and “if 2026 assessment cannot be reduced to 10,000,000, then amount over 10,000,000 in value will be refunded in 60 days of Walmart paying in full.” Chair (S1) called for a voice vote; the motion carried after members signified “aye.”
Why it matters: the clause ties the city’s payment and any subsequent tax refund to the final 2026 assessment for the Walmart property and to Walmart’s payment timeline. Council minutes show no further debate recorded on the settlement during this session, and staff did not provide additional legal citations during the motion.
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