243.2006
RESOLUTION AUTHORIZING SETTLEMENT OF PENDING
ARTICLE 7 REAL PROPERTY ASSESSMENT CASE
COMMENCED BY UJ LIMITED PARTNERSHIP
RESOLUTION NO.: 243, 2006
INTRODUCED BY: Mr. Roger Boor
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. John Strough
WHEREAS, UJ Limited Partnership (“Petitioner”), previously commenced an Article 7 Real
Property Assessment Review case against the Town of Queensbury in 2005 concerning the assessment
on property located at 475 Corinth Road, Queensbury (Tax Map Nos.: 308.19-1-65 and 308.19-1-
66), 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 is not a party to this case and is not
required to approve the proposed settlement (but it nonetheless endorses the proposed settlement),
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby approves the settlement of the pending
Article 7 case against the Town of Queensbury brought by Petitioner for the 2005/06 tax year, which
will result in revised assessments as follows:
Current Revised Applicable
Tax Map No. Address Assessment Assessment Assessment
Year
308.19-1-65 475 Corinth Road $ 23,700 $ 23,700 (unchanged) 2005
308.19-1-66 475 Corinth Road $347,600 $298,300 2005
Totals: $371,300 $322,000
and
BE IT FURTHER,
RESOLVED, that the Town Board authorizes and directs payment of any and all refunds
without interest to Petitioner within sixty (60) days from the date that a Demand for Refunds is served
upon the Town, and
BE IT FURTHER,
RESOLVED, that in accordance with Section 727 of the New York State Real Property Tax
Law, the assessments on the parcels, Tax Map # 308.19-1-65 and 308.19-1-66, shall remain at
$23,700 and $298,300, respectively, for the next three tax years (2006/07, 2007/08 and 2008/09)
unless the Town performs a Town-wide revaluation or some other exception provided for under
Section 727 becomes applicable to the assessment rolls for those tax years, 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. Strough, Mr. Stec, Mr. Boor, Mr. Sanford
NOES: None
ABSENT:Mr. Brewer