(A) Closing agreements authorized. The Finance Director, with approval of the City Manager, is authorized to enter into an agreement in writing with any person relating to the liability of such person (or of the person or estate for whom he or she acts) in respect of the tax administered by the Finance Director under this subchapter, for any taxable period.
(B) Finality of closing agreement. If a closing agreement is entered into by the Finance Director, with approval of the City Manager, within such time as may be stated in such agreement, or later agreed to, such agreement shall be final and conclusive and except upon a showing of fraud or malfeasance or misrepresentation of a material fact:
(1) The matters so agreed upon shall not be reopened or the agreement modified by any officer, employee or agent of this city; and
(2) In any civil action or administrative proceeding, the closing agreement or any determination, assessment, collection, payment, abatement, refund or credit made in accordance therewith, shall not be annulled, modified, set aside or disregarded.
(C) Compromises authorized. The Finance Director, with the approval of the City Manager, may compromise all or part of any civil case arising under the provisions of this subchapter.
(Ord. passed 11-12-2019)