241.2006
RESOLUTION AUTHORIZING SETTLEMENT OF PENDING
ARTICLE 7 REAL PROPERTY ASSESSMENT CASES
COMMENCED BY FIRST NIAGARA BANK
RESOLUTION NO.: 241, 2006
INTRODUCED BY: Mr. John Strough
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Daniel Stec
WHEREAS, First Niagara Bank (“First Niagara”), previously commenced Article 7 Real
Property Assessment Review cases against the Town of Queensbury in 2004 and 2005 concerning the
assessments on property located at 123 Quaker Road, Queensbury (Tax Map No.: 296.19-1-2) 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 Board of the Queensbury Union Free School District is anticipated to
approve 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 First Niagara for the 2004/05 and 2005/06
tax years on its parcel (Tax Map # 296.19-1-2) by fixing the assessed values for that parcel as follows:
123 Quaker Road :
(Tax Map No.: 296.19-1-2)
Tax Year Assessment
2004/05 $1,412,400 (unchanged)
2005/06 $1,641,100 (unchanged)
2006/07 $1,475,000
2007/08 $1,475,000
2008/09 $1,475,000
and
BE IT FURTHER,
RESOLVED, that no refunds shall be paid in the settlement of the pending cases, and
BE IT FURTHER,
RESOLVED, that the assessment on the parcel (Tax Map # 296.19-1-2) shall be remain at
$1,475,000 for the next three tax years (2006/07, 2007/08 and 2008/09) even if the Town undertakes a
Town-wide revaluation or update that might otherwise increase the assessment, and
BE IT FURTHER
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor, Town
Assessor, 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.
st
Duly adopted this 1 day of May, 2006, by the following vote:
AYES : Mr. Boor, Mr. Sanford, Mr. Strough, Mr. Stec
NOES : None
ABSENT: Mr. Brewer