2026-03-11 stipulation for entry of consent judgment 25-001727.pdf
Magnum Equities, LLC, Petitioner Vs. City Of Saginaw, Respondent · 25-001727-TT
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1 4926-1822-5557.1 STATE OF MICHIGAN MICHIGAN TAX TRIBUNAL MAGNUM EQUITIES, LLC, Petitioner, MTT Docket No. 25-001727 v. CITY OF SAGINAW, Respondent. _____________________________________________/ STIPULATION FOR ENTRY OF CONSENT JUDGMENT 1. The case is pending in the X Entire Tribunal OR __ Small Claims Division. 2. Property Parcel Nos: 21-4453-00000 and 21-2612-00200 3. The values for the properties identified above as established by Respondent’s Board of Review for the tax year at issue are: Year Parcel No. True Cash Value Assessed Value Taxable Value 2025 21-4453-00000 $510,000 $255,000 $218,923 2025 21-2612-00200 $38,600 $19,300 $19,300 4. The values for the properties identified above as stipulated by the parties for settlement purposes for the tax year at issue are: Year Parcel No. True Cash Value Assessed Value Taxable Value 2025 21-4453-00000 $177,600 $88,800 $88,800 2025 21-2612-00200 $29,000 $14,500 $14,500 5. 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: NA 6. 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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2 4926-1822-5557.1 IT IS FURTHER ORDERED AND ADJUDGED that refunds shall be made payable jointly to Petitioner named herein and its counsel, Foley & Lardner LLP, and sent in care of such counsel. Calculations of the refund amount shall also be sent to Petitioner’s counsel at the same address. FOLEY & LARDNER LLP CITY OF SAGINAW Attorneys Petitioner Attorney for Respondent By: /s/ Jason Conti By: /s/ Amy L. Lusk (with permission Jason Conti (P55617) Amy L. Lusk (P63702) 500 Woodward Avenue, Suite 2700 1315 S. Washington Avenue Detroit, Michigan 48226 Saginaw, Michigan 48601 (313) 234-7177 (989) 759-1404 Dated: March 9, 2026 Dated: March 9, 2026