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HomeMy WebLinkAboutR-78-0255MEA/s 3/29/78 RESOLUTION NO, 7 8 "` 5 5 A RESOLUTION AUTHORIZING THE PAYMENT OF $1,807 FROM THE GENERAL FUND, SPECIAL PROGRAMS AND ACCOUNTS, CONTINGENT FUND TO PHILLIPS PETROLEUM COMPANY IN SETTLEMENT OF A DISPUTED CLAIM FOR PROPERTY TAXES. WHEREAS, Phillips Petroleum Company and the City of Miami entered into a lease on October 15, 1968; and WHEREAS, the City agreed that the rent paid would be in lieu of taxes; and WHEREAS, in error, Phillips paid said taxes on the property in the amount of $3,614; and WHEREAS, as a result of a controversy over the City's right to retain the aforesaid payment, the City Attorney has recommended, pursuant to an agreement with the Phillips Petroleum Corporation representative, that a compromise be approved whereby the City would retain one-half of the payment received and return the remaining one-half, the sum of $1,807; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The payment of $1,807 from the General Fund, Special Programs and Accounts, Contingent Fund to Phillips Petroleum Company in settlement of a disputed claim for property taxes be, and the same is hereby approved. PASSED AND ADOPTED this 7th day of April , 1978. Gt� '- . C52' TY CLERK PREPARED AND APPROVED BY: Kd1iNl' . F. CLARK ,, , { ;i ASSISTANT CITY ATTORNEY u�t1"�'�`'`� `fJ ITEM MO._ APPRO D AS TO FORM AND CO GEOR _ F. KN , JR. CITY ATTORN SS: Maurice A. Ferre MAYOR BUDGETARY REVIEW: RV, GAR D RECTOR DE,'ARTMENT OF MANAGEMENT ND BUDGET CITY CQMMISSIQN 1 MEETING OF APR/ 1978 1�I�IR1l. �N..'.• T�.. •.ff�• OP,OV*411111 88 CITY _{' !ItIA1,11. t LOI2IDA !Ntt.7;•OFt-lCr.t. MrEtAORAtIDDt:M1 FROM! Joseph R, Grassie City Manager Howard V, Gary, Director Department of Management & Budget March 29, 1978 Proposed Resolution to settle claim with Phillips Petroleum Company a'EFCRE4CF.S7 Phillips Petroleum Company entered into a lease with the City of Miami on October 15, 1968, wherein it was agreed that rent paid would be in lieu of taxes. In error, Phillips paid the City taxes on the property in the amount of $3,614. When the error was discovered, Phillips sought to recover the full amount. The City Attorney disputed Phillips Petroleum Company's claim, pointing out that after the lease was entered into, a new statute came into effect providing for taxation of leasehold interest of municipally owned property leased by a private corporation. In addition, the City Attorney maintained that a provision in the lease did not specifically cover leasehold taxes and, therefore, advised Phillips Petroleum that the City of Miami planned to retain these funds. As a result, the City Attorney and the Phillips Petroleum Company representative agreed upon a settlement of 50% based on an estimate that legal fees and costs would amount to approximately one-half of the disputed funds. The attached proposed Resolution would authorize the City Attorney to consummate the aforesaid agreement, refunding the sum of $1,807. to the Phillips Petroleum Company from the General Fund, Special Programs and Accounts, Contingent Fund. HVG/s Resolution attached. 7 8 - 255