Remember how happy the Muskegon libs were when Barry's EPA czar bumped the CO2 regs?------------Agreement: Taxable value of B.C. Cobb plant to drop nearly 80 percent

Agreement: Taxable value of B.C. Cobb plant to drop nearly 80 percent | MLive.com:
"The two sides have been negotiating since September the value of the plant on the shores of Muskegon Lake that is set to close in 2016.
The settlement places the cash value at $24 million in 2014, $20 million in 2015 and $11 million in 2016. That makes the taxable values $12 million, $10 million and $5.5 million, respectively.
The agreement also calls for Consumers Energy to make payments to the city of $100,000 in 2014 and 2015 and $25,000 in 2016 to help pay for "essential services," which are police and fire.
The settlement avoids the two parties' further costs associated with taking the case to the Michigan Tax Tribunal for a ruling on their differences, said Muskegon City Manager Frank Peterson.
"If we went to tax appeal and lost, we wouldn't have been awarded an essential services fee," Peterson said.
The city commission will vote on the proposal Tuesday, Aug. 12, and then it will be forwarded to the Tax Tribunal for approval.
Earlier agreements set the taxable value of the power plant at $95.7 million in 2009, dropping to $60 million in 2012 and $26 million in 2013.
City assessors had placed the value at $134.5 million in 2009."