Kentwood - Fifth Third Mortgage 25-002367 - Stipulation with the Multi-Parcel Form 8-6-25.pdf
Fifth Third Mortgage Mi LLC / Fifth Third Bank National Association, Petitioner Vs. City Of Kentwood, Respondent · 25-002367-TT
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STATE OF MICHIGAN GRETCHEN WHITMER GOVERNOR DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS LANSING MARLON I. BROWN, DPA DIRECTOR MICHIGAN TAX TRIBUNAL · 611 W. OTTAWA ST., LANSING, MI 48933 · 517-335-9760 PO BOX 30232, LANSING, MI 48909 · Other Carriers: 2407 N. GRAND RIVER AVE., LANSING, MI 48906 _____________________________, MICHIGAN TAX TRIBUNAL Petitioner(s) v MTT Docket No. _____________________________, Respondent(s) STIPULATION FOR ENTRY OF CONSENT JUDGMENT (VALUATION) 1. The subject property is in _________________________________ County. 2. Parcel Number: ____________________________________________. (If more than one parcel is at issue, attach a completed Multiple Parcel Stipulation Form addressing all other parcels at issue.) 3. The values for the property identified above as established by Respondent’s Board of Review are: Tax year Assessed Value (AV) Taxable Value (TV) 4. The values for the property identified above as stipulated by the parties for settlement purposes are: Tax year True Cash Value AV TV 5. If the stipulated TV does not equal the prior year TV multiplied by the applicable inflation rate multiplier, explain why (e.g., transfer of ownership, additions, losses, omitted property etc.) ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ 6. List any special terms or conditions being proposed by the parties that would affect the execution of a Consent Judgment including, but not limited to, the joint payment of the refund, the waiver of interest, etc. (attach additional page if necessary): ___________________________________________________________________ Fifth Third Mortgage -MI, LLC/Fifth Third Bank Nat 25-002367 City of Kentwood KENT 41-18-01-351-006 2025 $9,840,300 $7,326,136 2025 $12,600,000 $6,300,000 $6,300,000 Settlement agreement reached in both the 2024 tax year appeal and the instant appeal stipulate to the same AV/TCV for both 2024 and 2025 tax year appeals. Petitioner agrees to the waiver of interest on refund for both parcels in this appeal.
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MTT Docket No. ___________ Page 2 of 2 ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ NOTE: The Stipulation MUST include ALL parcels and ALL tax years included in the appeal (including subsequent tax years on or after April 1 of each year for appeals pending in the Small Claims Division). The parties may agree, however, to withdraw the appeal of specific parcels and/or tax year(s). IF APPLICABLE, complete the following section(s). Otherwise, LEAVE BLANK. 7. The parties agree to the withdrawal of parcel number: __________________________________________. (If more than one parcel is being withdrawn, attach a separate page addressing all other parcels being withdrawn.) 8. The parties agree to the withdrawal of tax year(s) ____________________. Signature of Petitioner’s Authorized Representative or, if none, Petitioner: __________________________________________________________________ Printed Name:_______________________________________________________ Date: ______________________________________________________________ Signature of Respondent’s authorized representative: __________________________________________________________________ Printed Name:_______________________________________________________ Date: ______________________________________________________________ 25-002367 Refund Checks are to made payable to "FIFTH THIRD BANK" and mailed to: Fifth Third Bank c/o Mail Drop 10903K, 38 Fountain Sq. Plaza, Cincinnati, OH 45263 /s/ Steven Nagengast Steven Nagengast, Ernst & Young, LLP 8/5/25 /s/Toby Koenig Toby Koenig 8/1/2025
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STATE OF MICHIGAN GRETCHEN WHITMER GOVERNOR DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS LANSING MARLON I. BROWN, DPA DIRECTOR MICHIGAN TAX TRIBUNAL · 611 W. OTTAWA ST., LANSING, MI 48933 · 517-335-9760 PO BOX 30232, LANSING, MI 48909 · Other Carriers: 2407 N. GRAND RIVER AVE., LANSING, MI 48906 _____________________________, MICHIGAN TAX TRIBUNAL Petitioner(s) v MTT Docket No. _____________________________, Respondent(s) PROPERTY STIPULATION – MULTIPLE PARCEL FORM___ OF___ (To be attached to a completed Stipulation for Entry of Consent Judgment.) 1. The values for the property identified herein as established by Respondent’s Board of Review are: Tax Year Parcel Number Assessed Value Taxable Value 2. The values for the property identified herein as stipulated by the parties for settlement purposes are: Tax Year Parcel Number True Cash Value Assessed Value Taxable Value Fifth Third Mortgage -MI, LLC/Fifth Third Bank National Association 25-002367 City of Kentwood 1 1 2025 41-18-01-351-007 $7,483,500 $6,021,793 2025 41-18-01-351-007 $12,600,000 $3,510,000 $3,510,000