HomeMy WebLinkAbout4.03 Civic Center Property Tax Bill 900-10
CITY OF DUBLIN
AGENDA STATEMENT
CITY COUNCIL MEETING DATE: December 8, 1986
SUBJECT Additional Appropriation of $38, 955 for payment of
Property Tax on Civic Center Property
EXHIBITS ATTACHED Budget Change Form
RECOMMENDATION Approve the appropriation of $38, 955 from the fund
^� balance of the Civic Center Enterprise Fund to pay
(under protest) , the property tax bill for the Civic
Center Property.
FINANCIAL STATEMENT: This action will require $38, 955 to be budgeted from
the Civic Center Enterprise Fund.
DESCRIPTION The Non-Profit Corporation of Dublin . Information, Inc .
(DII ) , acquired property for the Dublin Municipal Civic Center. The County
Assessor has . determined that non-profit corporations are not exempt from
property taxes unless a building is in progress, and therefore, Dublin
Information, Inc . , must pay property tax on the Divic Center property. The
City Attorney is reviewing this matter in hopes of exempting DII from the
tax.
The County recently submitted the. property tax bill to the City totalling
$38, 955 . The first installment of $19, 477 . 50 must be paid before December
10th to avoid penalty charges .
To minimize the contested matters between the City and the County Assessor
in this situation, Staff paid the first installment. If the City Attorney
is successful in obtaining the exemption against property tax for DII, the
County would be required to refund the payment.
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COPIES TO:
ITEM NO.
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roghl,: uI F,
CITY OF DUBLIN
BUDGET CHANGE FORM
FROM TO
APPROPRIATION ACCOUNT AA.OUNT ACCOUNT AMOUNT
TRANSFER
AMENDMENT 6-1 418 38,955. 6-1 705.26 38,955
USTIFICATI0N
PROPERTY TAX PAYMENT FOR FY 86/87 ON PROPERTY AQUISITION.
TEMITIZED COST
6-1 DUBLIN INFORMATION INC.
PROPERTY TAX 38,955.
T O T A L $38,955.00
I T Y
DATE
4ANAGER APPROVAL
I T Y
DATE
OUNCIL APPROVAL