Details of County’s Settlement With Carbon Creek/US Realm

Last week Johnson County’s Commissioners approved and accepted a tax settlement with Carbon Creek/US Realm in the amount of $22.7 million.

The dispute stems from back mineral extraction taxes that are owed to the county form 2016 through 2021.

The settlement calls for the company to pay an up-front amount of $10 million, and then pay the remaining $12.7 million in monthly payments of $125,000 over the next eight years.

County Treasurer Carla Bishop explained she had a rough draft of how the funds will be distributed.

According to County Attorney Tucker Ruby, the county should receive payment on the initial $10 million rather quickly once the agreement is accepted.

To view the detailed breakdown of the settlement payments to the special districts, click here:

Settlement payments