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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GRETCHEN WHITMER GOVERNOR es, “Cezar STATE OF MICHIGAN LANSING Fifth Third Mortgage -MI, LLC/Fifth Third Bank Nat Vv Petitioner(s) City of Kentwood Respondent(s) DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS MARLON |. BROWN, DPA DIRECTOR MICHIGAN TAX TRIBUNAL MTT Docket No. 25-002367 STIPULATION FOR ENTRY OF CONSENT JUDGMENT 1. The subject property is in KENT 2. Parcel Number: 41-18-01-351-006 (If more than one parcel is at issue, attach a completed Multiple Parcel Stipulation Form addressing all other parcels at issue.) (VALUATION) County. 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) 2025 $9,840,300 $7,326,136 4. The values for the property identified above as stipulated by the parties for settlement purposes are: Tax year True Cash Value AV Tv 2025 $12,600,000 $6,300,000 $6,300,000 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.) 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. 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): Petitioner agrees to the waiver of interest on refund for both parcels in this appeal. 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
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MTT Docket No. 25-002367 Page 2 of 2 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 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: /s/ Steven Nagengast Printed Name: Steven Nagengast, Ernst & Young, LLP Date: 8/5/25 Signature of Respondent's authorized representative: /s/Toby Koenig Printed Name: Toby Koenig Date: 8/1/2025
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rn STATE OF MICHIGAN GRETCHEN WHITMER DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS MARLON |. BROWN, DPA GOVERNOR 1 ANSING DIRECTOR Fifth Third Mortgage -MI, LLC/Fifth Third Bank National Association MICHIGAN TAX TRIBUNAL Petitioner(s) Vv MTT Docket No. 25-002367 City of Kentwood ’ Respondent(s) PROPERTY STIPULATION — MULTIPLE PARCEL FORM! __OF1 _ (To be attached to a completed Stipulation for Entry of Consent Judgment.) 1. The values for the property identified herein as estalished by Respondent's Board of Review are: Tax Year | Parcel Number Assessed Value | Taxable Value 2025 41-18-01-351-007 $7,483,500 $6,021,793 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 2025 41-18-01-351-007 $7,020,000 $3,510,000 $3,510,000 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