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3.17
ASSESSMENTS\\Settle NMM Associates – 6-17-19
RESOLUTION AUTHORIZING SETTLEMENT OF
PROPERTY ASSESSMENT CASES FILED BY
FILED BY NMM GLENS FALLS ASSOCIATES, LLC
RESOLUTION NO.: _____________________________________________________, 2019
INTRODUCED BY: _____________________________________________________
WHO MOVED ITS ADOPTION
SECONDED BY: ______________________________________________________
WHEREAS, NMM Glens Falls Associates, LLC (“Petitioner”), filed Article 7 Real
Property Assessment Review cases against the Town of Queensbury challenging the 2015, 2016,
2017 and 2018 assessments on real property located at 160 Cronin Road, Queensbury, New York
(Tax Map Parcel #297.17-1-17), 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, the Town Board understands that the Queensbury Union Free School
District’s Board of Education has approved the proposed settlement terms,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby approves the proposed settlement of
the tax assessment cases filed by NMM Glens Falls Associates, LLC as follows:
1) The 2015, 2016, 2017 and 2018 assessment challenges shall be discontinued without
reduction or refunds;
2) The assessed value for Tax Map Parcel #297.17-1-17 shall be fixed at $11,400,000 for
the 2019, 2020, 2021 and 2022 Assessment Rolls unless the property is further
improved or the assessment is subject to some other exception under Real Property
Tax Law Section 727;
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.
th
Duly adopted this 17 day of June, 2019, by the following vote:
AYES :
NOES :
ABSENT: