Stipulation for Consent Judgment (Transend XIX v Southfield 25-002491) 8-25-25.pdf
Transend Properties Xix, LLC, Petitioner Vs. City Of Southfield, Respondent · 25-002491-TT
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1 STATE OF MICHIGAN DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS MICHIGAN TAX TRIBUNAL TRANSEND PROPERTIES XIX, LLC, Petitioner, v MTT Docket No. 25-002491 CITY OF SOUTHFIELD, Respondent. ________________________________/ STIPULATION FOR ENTRY OF CONSENT JUDGMENT (VALUATION) 1. The subject property is located in Oakland County. 2. The case is pending in the Entire Tribunal. 3. Property Parcel No. 76-24-18-451-004 / 26545 American Drive. 4. The values for the property identified above, as established by Respondent’s Board of Review are: 5. The values for the property identified above as stipulated by the parties for settlement purposes are: 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 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.: Tax Year True Cash Value Assessed Value Taxable Value 2025 $2,728,980 $1,364,490 $1,190,055 Tax Year True Cash Value State Equalized Value Taxable Value 2025 $2,000,000 $1,000,000 $1,000,000
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2 MTT Docket No. 25-002491 Stipulation for Entry of Consent Judgment IT IS FURTHER ORDERED that refunds shall be made payable jointly to the Petitioner named herein and its Representative, Property Tax Reduction Services, LLC, and sent to Jay A. Schwartz, Property Tax Reduction Services, LLC, 37887 West Twelve Mile Road, Suite B, Farmington Hills, Michigan 48331. Calculations of the refund amount shall also be sent to Petitioner’s Representative at the same address. IT IS FURTHER ORDERED all interest due hereunder is waived if, and only if, all refunds otherwise due are paid within 45 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. PROPERTY TAX REDUCTION SERVICES, LLC By: /s/ Jay A. Schwartz Jay A. Schwartz Representative for Petitioner 37887 West Twelve Mile Road, Suite B Farmington Hills, Michigan 48331 (248) 672-1922 jschwartz@propertytaxreductionservices.org Dated: August 25, 2025 HALLAHAN & ASSOCIATES, P.C. By: /s/ Seth A. O’Loughlin (w/Permission) Seth A. O’Loughlin (P80257) Attorneys for Respondent 1750 S. Telegraph Road, Suite 202 Bloomfield Hills, Michigan 48302 (248) 731-3089 soloughlin@hallahanlaw.com Dated: August 21, 2025