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042.2017 Article 7 Conroy Realty, LLC RESOLUTION AUTHORIZING SETTLEMENT OF PENDING ARTICLE 7 REAL PROPERTY ASSESSMENT CASES COMMENCED BY CONROY REALTY, LLC RESOLUTION NO.: 42, 2017 INTRODUCED BY: Mr. William VanNess WHO MOVED ITS ADOPTION SECONDED BY: Mr. Doug Irish WHEREAS, Conroy Realty, LLC, previously commenced Article 7 Real Property Assessment Review cases against the Town of Queensbury for tax years 2015 and 2016 concerning assessments on properties located in the Town of Queensbury at 53 Quaker Road (Tax Map No.: 296.18-1-2) and 407 Bay Road (Tax Map No.: 296.19-1-38) 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 and the Glens Falls School District have approved 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 Conroy Realty, LLC, for the 2015 and 2016 tax years concerning assessments on properties located in the Town of Queensbury at 53 Quaker Road (Tax Map No.: 296.18-1-2) and 407 Bay Road (Tax Map No.: 296.19-1-38), whereby Conroy Realty, LLC will withdraw its cases against the Town of Queensbury for tax years 2015 and 2016 and its respective demands for refunds, and BE IT FURTHER, RESOLVED, that assessments for future tax years shall be set as follows: 53 Quaker Road ( Tax Map No.: 296.18-1-2): Tax Year Assessment 2017 $500,000 2018 $500,000 2019 $500,000 407 Bay Road (Tax Map No.: 296.19-1-38): Tax Year Assessment 2016/17 $550,000 2017/18 $550,000 2018/19 $550,000 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 131h day of February, 2017, by the following vote: AYES Mr. VanNess, Mr. Strough, Mr. Metivier, Mr. Irish NOES None ABSENT: Mr. Clements