Board of Estimate and Contract:
RESOLVED, that an Ordinance adopted by the City Council on October 19, 2026, and signed by the Mayor on October 20, 2026, authorizing the Execution of a Stipulation of Settlement Between the City of Mount Vernon and the Mount Vernon City School District Regarding Uncollected School District Taxes for the 2020-2021 and 201-2022 School Years – (the City Council acknowledges the outstanding amounts identified in the proposed Stipulation of Settlement as follows:
School Year 2020–2021
Uncollected school tax principal: $1,493,963.54.
Interest and fees due from taxpayers: $986,016.02.
Total outstanding amount: $2,479,979.56.
School Year 2021–2022
Uncollected school tax principal: $1,665,123.01.
Interest and fees due from taxpayers: $899,166.54.
Total outstanding amount: $2,564,289.55.
The combined total of the outstanding amounts identified for both school years is $5,044,269.11, subject to the terms and conditions of the executed Stipulation of Settlement. The City is hereby authorized to make payments to the School District in accordance with the payment schedule set forth in Schedule A of the Stipulation of Settlement, consisting of monthly installments of $450,000.00 and a final payment of $472,564.48, with the schedule commencing July 1, 2026, and continuing through June 1, 2027, as provided in the agreement); be, and the same is hereby approved.
City Council:
AN ORDINANCE AUTHORIZING THE EXECUTION
OF A STIPULATION OF SETTLEMENT BETWEEN
THE CITY OF MOUNT VERNON AND THE MOUNT
VERNON CITY SCHOOL DISTRICT REGARDING
UNCOLLECTED SCHOOL DISTRICT TAXES FOR
THE 2020–2021 AND 2021–2022 SCHOOL YEARS
Whereas, by correspondence dated October 16, 2026, the Comptroller has respectfully requested authorization for the City Council to approve the Stipulation of Settlement between the City of Mount Vernon, acting through the Office of the City Comptroller, and the Mount Vernon City School District, concerning the reconciliation, colle...
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