4.09 4.9
Assessments/Settle Home Depot—2-27-17
RESOLUTION AUTHORIZING SETTLEMENT OF PENDING
ARTICLE 7 REAL PROPERTY ASSESSMENT CASES
COMMENCED BY HOME DEPOT U.S.A., INC.
RESOLUTION NO.: , 2017
INTRODUCED BY:
WHO MOVED ITS ADOPTION
SECONDED BY:
WHEREAS, Home Depot U.S.A., Inc., previously commenced Article 7 Real Property
Assessment Review cases against the Town of Queensbury for tax years 2012 - 2016 concerning
the assessment on property located in the Town of Queensbury at 820 State Route 9 (Tax Map
No.: 296.18-1-46) and
WHEREAS, the Town Assessor has recommended a settlement proposal to the Town
Board and the Town Board has reviewed the cases with Town Counsel, and
WHEREAS, the Queensbury Union Free School District will be recommending approval
of the proposed settlement,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby approves the settlement of the
pending Article 7 cases against the Town of Queensbury brought by Home Depot U.S.A., Inc.,
for the 2012 - 2016 tax years concerning the assessment on property located in the Town of
Queensbury at 820 State Route 9 (Tax Map No.: 296.18-1-46) whereby Home Depot U.S.A.,
Inc., will withdraw its cases against the Town of Queensbury for tax years 2012 - 2016 and its
respective demands for refunds, and
BE IT FURTHER,
RESOLVED, that assessments for the next four (4) tax years shall be set as follows:
Tax Year Assessment
2017 $6,000,000
2018 $5,750,000
2019 $5,500,000
2020 $5,000,000
and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor,
Town Assessor, Town Budget Officer 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 271h day of February, 2017, by the following vote:
AYES
NOES
ABSENT: