HomeMy Public PortalAbout1999_03_23_r088The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED March 23, 1999
99-88 ADOPTED March 23, 1999
AUTHORIZING SETTLEMENT OF THE MASSACHUSETTS
MUTUAL LIFE INSURANCE COMPANY VERSUS THE
COUNTY OF LOUDOUN, VIRGINIA, et. al., AT LAW NO.
18621
WHEREAS, the Town of Leesburg and the Town Council of Leesburg, Virginia
are defendants in a law suit styled, Massachusetts Mutual Life Insurance Company,
Petitioner, vs. The County of Loudoun, Virginia et. al., at Law No. 18621, filed in the
Loudoun County Circuit Court for the correction of erroneous real estate assessments for
tax years 1994, 1995, 1996 and 1997; and
WHEREAS, the Town of Leesburg has reached a settlement with the Petitioner,
Massachusetts Mutual Life Insurance Company regarding the assessed values for the
above-referenced years; and
WHEREAS, Massachusetts Mutual Life Insurance Company, the Petitioner, is the
Owner of certain real property located at 741 Miller Drive, S.E., Leesburg, Virginia, and
known as Loudoun County Tax Map Number 60-6-F1.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia
as follows:
The assessed values for the property owned by Massachusetts Mutual Life
Insurance Company located at 741 Miller Drive, S.E., Leesburg, Virginia in the County of
Loudoun, known as Loudoun County Tax Map No. 60~6-F1, shall be assessed for the
following years, for the following amounts:
RESOLUTION:
-2-
AUTHORIZING SETTLEMENT
SECTION I.
1994 $4,200,000.00
1995 $3,700,000.00
1996 $3,800,000.00
1997 $4,000,000.00
SECTION II. The Director of Finance is hereby directed to rebate any and all
taxes to the Petitioner as a result of this settlement and reduction of assessed values.
SECTION tn. The Deputy Town Attorney is authorized to sign any and all
documents necessary to settle such case.
PASSED this 23rd day of March, 1999.
ATTEST:
Ja~s E. Clem, Mayor
Town of Leesburg
Clerk of Council
R: law18621