Greensburg OKs tax settlement on state building
Greensburg council approved on Monday a proposed tax settlement that would bring about $100,000 to the city.
Council, the Greensburg Salem School District and Westmoreland County reached the proposal with Columbia Greensburg SPE, owner of the state office building and an adjoining parking lot on North Main Street.
A county judge must approve the settlement before it takes effect.
Under the proposal, Columbia's assessment amounts go up for each year between 2009 and 2013.
Columbia would pay $99,862 over a two-year period to the city to cover additional taxes owed for the 2009-12 period, city officials said.
Columbia is receiving a 2 percent reduction on those payments, rather than paying face value, which would cost more, city officials said.
Columbia's payment would equal $4,160 per month and start 60 days after a county judge approves the settlement, said city fiscal director Mary Perez.
Officials have assessed the building at about $2 million for 2013 as part of the settlement.
The county assessment board had previously assessed the properties for $1.3 million for each of the five years. School district officials appealed that assessment.
The new assessment amounts are $2.4 million for 2009 and 2010; $2.3 million for 2011; and $2.1 million for 2012, according to city records.
In another matter, the city has reached a financial agreement with Dollar Bank for the purchase of a $48,960 dump truck for the street department.
The city will make an annual payment of $10,695 over a five-year period, using liquid fuels money.
Council approved buying the truck this past summer.
Bob Stiles is a staff writer for Trib Total Media. He can be reached at 724-836-6622 or email@example.com.