File #: ID 18-062    Version: 1 Name: real estate tax refund
Type: Public Hearing - No Action Status: Passed
File created: 3/5/2018 In control: City Council
On agenda: 3/13/2018 Final action: 3/13/2018
Title: Consider a refund request of real estate taxes for RMCO, LLC
Attachments: 1. Memorandum, 2. Certificate from Commissioner of the Revenue

Subject:

Title

Consider a refund request of real estate taxes for RMCO, LLC

body

Presented By:  Chris Brown, City Attorney

 

Recommendation and Review

In February 2016, RMCO LLC leased approximately 4,800 sq. ft. of property on the ground floor, a portion of the mezzanine level and 6 parking spaces at 60 W Market Street (Tax Map Parcel Number 034-W-3 5(3)) to The Rise Bakery, d/b/a RISE.  The landlord is requesting a refund of the taxes paid on this property.  The refund for 335 days of 2016 is $2,060.25 and the refund of the 1st half of 2017 taxes is $2,646.65.  RMCO LLC has agreed for the refunds from this property to be applied to the second half of 2017 taxes for another property at 60 W Market Street (Tax Map Parcel Number 034-W-3-5(3)T)