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Show School Board Escrow Motion Dismissed The Park City Board of Education lost its motion Monday to have county property taxes escrowed as part of their suit against the redevelopment agency. Judge Homer F. Wilkinson issued his ruling that the disbursement of taxes would not endanger the board collecting if it were to be ultimately successful in the suit. The board had filed the motion, asking the court to impound all personal property proper-ty taxes which would accrue to it if there were no redevelopment agency, and escrow the funds until the I suit is decided. It was something of a "tit for tat" motion since the city had won a previous motion in which the court ruled the payments by the city for Marsac School were to be escrowed rather than paid directly to the school board. HTVia riT ivoe tinl urittintlt loss due to the motion, however. The tax funds were held by the county pending a decision by the judge, and were not in an interest bearing account. Had the city had the monies during the period of time between the day the taxes would have been released to the city and when they were, they would have made about $265.00 per day in interest. For the time when the motion was under consideration, the total rose to approximately $8,000.00, an amount which was figured into the city budget. While there can be no appeal from the judge's ruling, the school board could take a writ to a higher court in an effort to seek a reversal of the court's findings. There has been no announcement by the board as to their proposed actions. The matter was discussed, in executive session, at the board's meeting Tuesday night. City Attorney Tom Clyde, upon hearing of the judge's decision, said he was happy with the finding since it would allow the redevelop-, ment agency to meet its current obligations and none of its projects would fall through for lack of funds. Clyde said the city would be filing another motion to dismiss in the action within the week. |