Finance Committee - 06/16/2021 Page 8
Steve Bolton, Corporation Counsel
It was not settled.
Alderwoman Lu
Okay.
Steve Bolton, Corporation Counsel
It went to trial — a hearing before the Board of Tax and Land Appeals and we've gotten a decision. It was not settled.
Alderwoman Lu
Oh I’m sorry. The decision — that’s what | meant. | guess the legalese is to a settlement is actually an agreement
between two parties. What | meant is you received a — okay. So did we prevail?
Steve Bolton, Corporation Counsel
The decision came down between the number we had originally assessed the property for and the number that her expert
was contending.
Alderwoman Lu
Okay. The reason I...
Steve Bolton, Corporation Counsel
Like most of these, it comes out somewhere in between.
Alderwoman Lu
The reason | ask is I’m concerned about the money we put into — I’m surprised, not concerned. | didn't realize it came as
a surprise to me that we spent this much money outside of what we see in the budget amounts for assessing and legal.
But no further questions.
Kim Kleiner, Administrative Services Director
Madam Chair?
Chairman Harriott-Gathright
Yes.
Kim Kleiner, Administrator Services Director
CFO Griffin and | have been speaking about this today and certainly Corporation Counsel is correct for the number of
years that | can speak of that I’ve been with the city, this is where you've seen these charges charged is the overlay
account. We certainly understand that there seems to be some interest in seeing the charges and the action within the
overlay account. CFO Griffin and | can work to put something together to prepare for probably most likely it will go to the
Board of Assessors and certainly then any members of the public that would like to see it. Both CFO Griffin and | watch
this account very closely. Assessing does a lot of calculation. Once we have received all the abatements in any given
year to calculate our exposure for how those abatements may be settled and what may be refunded to taxpayers, so
certainly we can provide more information and we will work to put something together to do that.
Chairman Harriott-Gathright
Thank you. Any other questions?
