Summary
The council settled an excessive-assessment lawsuit with SBV Fox River LLC after discussing terms in closed session. Settlement terms and costs weren't disclosed in open session.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Jul 7, 2026.
Impact analysis
Settlement terms were discussed in closed session and are not disclosed in the public record.
The city avoids the cost and risk of continued litigation.
Taxpayers bear the $11.3 million cost.
Mentions & discussions (2)
City Council — July 7, 2026
The council settled an excessive-assessment lawsuit with SBV Fox River LLC after discussing terms in closed session. Settlement terms and costs weren't disclosed in open session.
City Council — February 19, 2026
The city settled a property-tax assessment lawsuit over a large apartment complex, dropping the assessed value to $11,337,200. That means an $18,766 tax refund, but recent court decisions have made these settlements far cheaper for the city than in years past.
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