Marina Jack will pay taxes

A two-year legal battle between Sarasota County Property Appraiser Bill Furst and Jack Graham Inc., the firm that owns Marina Jack, ended with a settlement that will yield $250,000 in back taxes and a portion of future taxes for the county.

A 1988 court ruling upheld a lease signed in the 1960s that declared the waterfront property a public good and exempt from property taxes. But, Furst began the push to end the tax-exempt status of Marina Jack after he was elected in 2008.

Jack Graham will not pay back taxes from 2007 through 2009, but will pay half the bill of the assessed property value from 2010 and 2011 and for the remainder of the lease that specifies it as tax exempt.