4.2 4.2
ASSESSMENTS\Settle Target—11-19-18
RESOLUTION AUTHORIZING SETTLEMENT OF
PROPERTY ASSESSMENT CASES FILED BY TARGET
RESOLUTION NO.: , 2018
INTRODUCED BY:
WHO MOVED ITS ADOPTION
SECONDED BY:
WHEREAS, Target ("Petitioner"), filed an Article 7 Real Property Assessment Review
case against the Town of Queensbury challenging the 2014 assessment on real property located
at 578 Aviation Road, Queensbury, New York (Tax Map Parcel 4302.5-1-92.12), 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 now recommends proposed settlement terms which have
been negotiated with Petitioner, and
WHEREAS, it is anticipated that the Queensbury Union Free School District will
approve the proposed settlement terms,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes the proposed settlement
of the tax assessment case filed by Target for assessment year 2014 as follows:
1) The 2014 assessment challenge shall be discontinued without reduction or refunds.
2) The assessed value for Tax Map Parcel 4302.5-1-92.12 shall be fixed at $3,267,864
for the 2019, 2020, 2021 and 2022 Assessment Rolls.
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 19th day of November, 2018, by the following vote:
AYES
NOES
ABSENT: