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9~E-';; S-6 5 C' '" RESOLUTION #M~ A RESOLUTION PROVIDING FOR PAYMENT OF CERTAIN COURT ORDERED PERSONAL PROPERTY TAX REFUNDS. WHEREAS, the County of Hall, Nebraska is required, as a result of action of the Nebraska Supreme Court and the Nebraska State Board of Equalization, to pay personal property tax refunds to certain taxpayers as certified by the Hall County Assessor and/or Hall County Treasurer for the tax years 1989 and 1990; and WHEREAS, the County is required to formulate a written plan for the payment of such refunds and to file said plan with the Hall County Treasurer; and WHEREAS, the County Board of Hall County desires to formulate a payment plan for the payment of the amounts at the times as stated herein. IT IS THEREFORE RESOLVED as follows: 1. That payment of the refunds due for the 1989 tax year as set forth in exhibits A and B, attached hereto, shall be made on February 1, 1996 from the County General Fund. Provisions shall be made in the County budget for the fiscal year July 1, 1995 through June 30, 1996 for the transfer from the County Inheritance Tax Fund to the County General Fund of funds in an amount equal to the total amount of such refunds due for the payment of said refunds. Said funds shall be transferred on or prior February 1, 1996. 2. That payment of refunds due for the 1990 tax year as set forth in exhibits C and D, attached hereto, shall be made on July 1, 1996 from the County General Fund. Provisions shall be made in the County Budget for fiscal year July 1, 1996 through June 30, 1997 for the transfer from the County Inheritance Tax Fund to the County General Tax fund of funds in an amount equal to the total amount of such refunds due to be used for the payment of said refunds. Said funds shall be transferred on July 1, 1996. 3. That the refunds referred to above shall be made from funds on hand in the County Inheritance Tax Fund or from future funds credited to said fund either as a result of inheritance taxes paid or interest accruing to the credit of said fund, or both, or by some combination of funds currently on hand and future funds, as determined in the discretion of the Hall County Board of Supervisors. 4. That the Hall County Board of Supervisors hereby reserves all right, power, and authority to alter or amend this repayment plan at any time as found to be in the best interests of the County of Hall. 5. That a certified copy of this resolution shall be provided to the Hall County Treasurer in compliance with Neb. Rev. Stat. 177-1736.06, as amended. ~~ /~ ~ /9'?t5<. .