CITY OF CHARLOTTESVILLE, VIRGINIA
                  CITY COUNCIL AGENDA



  Agenda Date:     July 18, 2022

  Action           Approval of Resolution
  Required:

  Presenter:       Lisa Robertson, City Attorney

  Staff            Lisa Robertson, City Attorney
  Contacts:

  Title:           Approving Settlement of Disputed Real Estate Assessment
                   (Omni Hotel) (1 of 2 readings)


Background
In March 2021 the Omni Charlottesville Virginia Corporation ("Omni") filed an action in
the Charlottesville Circuit Court, challenging the City's real estate assessment for Tax
Year 2020; subsequently, the lawsuit was amended to include a challenge to the City's
real estate assessment for Tax Year 2021. The Omni currently has an appeal pending
before the City's Board of Equalization (BOE) challenging its real estate assessment for
Tax Year 2022.

Discussion
Over the course of the past year, attorneys for the Omni and for the City (the law firm of
Gentry Locke) have engaged in mutual discussions regarding the challenged
assessments. At this time the parties have reached a tentative settlement agreement,
which would not become effective unless approved by action of City Council.

Alignment with City Council's Vision and Strategic Plan
N/A

Community Engagement
N/A

Budgetary Impact
The fiscal impact of the proposed settlement to the City is a total of $150,099.19.

Recommendation
Approval.

Suggested Motion: "I move the RESOLUTION approving the Settlement
Agreement and Release between the Omni Charlottesville Virginia Corporation
and the City of Charlottesville, made as of July 1, 2022."

Alternatives
If the City Council elects not to approve the Settlement Agreement and Release, then
City City and the Omni would proceed to trial in Charlottesville Circuit Court Case No.
CL21-116 and within the Board of Equalization appeal of the Omni's assessment for
Tax Year 2022.

Attachments
1.   RESOLUTION for Omni Settlement Agreement