Stip for CJ - Encore Royal Oak (25-002364).pdf
Encore At Main LLC, Petitioner Vs. City Of Royal Oak, Respondent · 25-002364-TT
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61518203.2 STATE OF MICHIGAN DEPARTMENT OF LICENSING & REGULATORY AFFAIRS MICHIGAN TAX TRIBUNAL ENCORE AT MAIN LLC, Petitioner, v MTT Docket No. 25-002364 CITY OF ROYAL OAK, Respondent. _____________________________/ STIPULATION FOR ENTRY OF CONSENT JUDGMENT 1. The parcel is located in Oakland County. 2. The case is pending in the X Entire Tribunal OR __ Small Claims Division. 3. Property Parcel No: 72-25-21-433-022. 4. The values for the property identified above as established by Respondent’s Board of Review are: Tax Year True Cash Value Assessed Value Taxable Value 2025 $10,010,120 $5,005,060 $5,004,720 5. The values for the property identified above as stipulated by the parties for settlement purposes are: Tax Year True Cash Value State Equalized Value Taxable Value 2025 $9,400,000 $4,700,000 $4,700,000 6. If stipulation addresses tax years other than the tax year originally appealed or tax years added through motions to amend that have been granted by the Tribunal, list the separate facts upon which the parties rely to invoke the Tribunal’s authority over those tax year or years (attach additional page if necessary): 7. List separately any special terms or conditions being proposed by the parties that would affect the execution of this Consent Judgment including, but not limited to, the joint payment of the refund, the waiver of interest, etc.:
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MTT Docket No. 25-002364 Stipulation for Entry of Consent Judgment 2 61518203.2 By granting, approving and/or adopting the Parties’ Stipulation in this case, the Consent Judgment entered in this case further orders and adjudges that: Any refunds shall be made payable to Petitioner named herein and sent to Stewart Mandell, Honigman LLP, 660 Woodward, Suite 2290, Detroit, MI 48226; Calculations of any refund amount shall also be sent to Petitioner’s counsel at the same address; and All interest due on any refund is waived if, and only if, all refunds otherwise due are paid within 60 days of the entry of the consent judgment, however, otherwise interest shall be paid as provided in the Tax Tribunal Act, including MCL 205.737. HONIGMAN LLP HALLAHAN & ASSOCIATES, P.C. Attorneys for Petitioner Attorneys for Respondent By:/s/ Stewart L. Mandell By:/s/ Seth A O’Loughlin Stewart L. Mandell (P33781) 39400 Woodward Avenue, Suite 101 Bloomfield Hills, MI 48304-5151 (313) 465-7420 slmandell@honigman.com Laura M. Hallahan (P42101) Seth A. O’loughlin (P80257) 1750 S. Telegraph Road, Suite 202 Bloomfield Hills, MI 48302 (248) 731-3087 lhallahan@hallahanlaw.com soloughlin@hallahanlaw.com Dated: September 5, 2025 Dated: September 5, 2025