Case No. 02-B02474 (Jointly Administered).United States Bankruptcy Court, N.D. Illinois, Eastern Division.
July 26, 2005
ORDER APPROVING DEBTORS’ MOTION TO DETERMINE PRE-PETITION AD VALOREM TAXES UNDER 11 U.S.C. § 505 AND FED. R. BANK. P. 3007 AND 3012
SUSAN SONDERBY, Chief Judge, Bankruptcy
UPON the motion (the “Motion”),[1] dated June 27, 2005, of the above-captioned reorganized debtors (the “Debtors”), to Determine Pre-Petition Ad Valorem Taxes Claims Under 11 U.S.C. Section 505 and Fed.R.Bank.P. 3007 and 3012
filed by the City of Laredo, Texas, and after due notice, it appearing that no other or further notice need be provided, and upon consideration of the Motion, IT IS, THEREFORE, ORDERED, ANDTHE COURT ENTERS FINDINGS, AS FOLLOWS:
The Motion is GRANTED, and it is further
ORDERED THAT each claim listed in Exhibit “A” hereto is hereby determined to be, and allowed in, the amount listed in the “Reduced Allowed Amount” column of Exhibit “A” opposite the original amount shown on Laredo’s records; and it is further
ORDERED THAT the determinations and findings set forth herein shall be conclusive as to the claims and claimants listed on Exhibit “A” hereto, to the exclusion of any additional rights of audit or other review or re-determination of taxes or taxable value
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as might otherwise have existed under Texas procedural law, provided, however, that this Order in no way adjudicates the appraised values as to any of the property which is the subject of the claims for any tax years other than those to which the subject claims pertain. Upon entry of this Order, Kmart shall place the Reduced Allowed Amount as listed on Exhibit “A” in line for immediate payment.
EXHIBIT “A”
Claimant Original Principal Amount Shown As Reduced Allowed Amount Due Per Laredo Records
City of Laredo $20,760.58 plus accrued interest $14,532.41
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