3.11 3.11
ASSESSMENTSMorgan Olde Coach Settlement—5-2-16
RESOLUTION AUTHORIZING SETTLEMENT OF
PROPERTY ASSESSMENT CASE
FILED BY MORGAN OLDE COACH, LLC
RESOLUTION NO.: ,2016
INTRODUCED BY:
WHO MOVED ITS ADOPTION
SECONDED BY:
WHEREAS, Morgan Olde Coach, LLC ("Petitioner"), filed an Article 7 Real Property
Assessment Review case against the Town of Queensbury in 2015 challenging the 2015 assessment
on its property located at 565 Bay Road, more specifically identified by its Tax Map Number:
296.11-1-45, and
WHEREAS, it appears to be in the best interests of the Town to avoid the significant costs
that would result if the litigation continues and goes to trial, and
WHEREAS, the Town Assessor recommends proposed settlement terms which have been
negotiated with Petitioner; and
WHEREAS, it is anticipated that the Queensbury Union Free School District will accept the
proposed settlement terms,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby approves the proposed settlement of
the assessment case filed by Morgan Olde Coach, LLC for 2015 as follows:
1) The Proceeding challenging the 2015 assessment shall be discontinued without
refunds; and
2) The assessed values for the 2016, 2017 and 2018 assessment years shall be set at
$3,000,000; and
BE IT FURTHER,
RESOLVED, that approval of this Settlement Agreement is contingent upon Town
Counsel's review and approval of the Stipulation of Settlement and Order, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor,
Town Assessor, Town Clerk and/or Town Counsel to execute settlement documents and take any
additional steps necessary to effectuate the proposed settlement in accordance with the terms of this
Resolution.
Duly adopted this 2"d day of May, 2016, by the following vote:
AYES
NOES
ABSENT: