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<br />. REQUEST FOR CITY COUNCIL IENDA ITEM <br /> <br />Agenda Date Requested: December 7, 1987 <br /> <br />Requested By: C. Eldridge <br /> <br />Department: <br /> <br />Finance <br /> <br />X Report <br /> <br />Resolution <br /> <br />Ordinance <br /> <br />Exhibits: Memorandum Date 11-25-87 and attached backup. <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />Liquid Air Products Co. has paid full Ad Valorem taxes for the <br />tax years 1984, 1985, and 1986. This company did acquire an <br />industrial district contract in 1984 and should have been <br />paying taxes at the reduced in-lieu rate. Neither the City <br />nor Liquid Air Products Co. was aware of the error until <br />recently. A review of the contract and payments has been <br />conducted and I recommend a refund be made. <br /> <br />Action Required by Council: <br />Products Co. <br /> <br />Approval of the refund to Liquid Air <br /> <br />Availability of Fundsi <br /> <br />x <br /> <br />General Fund <br />Capital Improvement <br />Other <br /> <br />Water/Wastewater <br />General Revenue Sharing <br /> <br />Account Number: 001400401~1~ <br /> <br />Funds Available: <br /> <br />YES <br /> <br />NO <br /> <br />Approved for City Council Agenda <br /> <br />t\l~-k 1, ~MMV <br />Robert T. Herrera <br />City Manager <br /> <br />\.~~ l.\~/ <br />DATE <br /> <br />\. <br />