Title
PTAB Appeals Intervention Costs - Intergovernmental Agreement
History
The Village Board has previously authorized Intergovernmental Agreements between the Village, the Orland Park Public Library and the Orland Park Fire Protection District in order to formalize cost sharing agreements between the three parties with regard to all Property Tax Appeals Board appeal interventions handled by Klein, Thorpe and Jenkins (KTJ) involving tax years 2007, 2008, 2009 and 2010. This has allowed us to share costs incurred in these interventions that affect each of our assessed valuations and property tax collections. At the time these agreements were entered into, School District 135 and 230 had their own representation and choose not to join our cost sharing consortium.
Recently, KTJ contacted the Village to determine if we want to continue the cost sharing agreement going foward with the addition of School District 135 and 230. The cost sharing allocation would be based on 2010 tax rates, with costs allocated as follows - SD 135 42%, SD 230 31%, OFPD 15%, Village of Orland Park 8.5% and Orland Park Public Library 3.5%. Going forward, the allocation would be reevaluated each year based on the prior year's final tax rate and adjusted if there is a material difference in allocation.
On October 7, 2013, this item was reviewed and approved by the Finance Committee and referred to the Board for approval.
Financial Impact
This Intergovernmental Agreement provides for cost sharing between the Village, the Orland Park Library, the Orland Park Fire District, School District 135 and School District 230 for all PTAB Appeal interventions.
Recommended Action/Motion
I move to approve the Intergovernmental Agreement for the cost-sharing of PTAB appeal intervention costs.