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526.2005 RESOLUTION AUTHORIZING SETTLEMENT OF PENDING ARTICLE 7 REAL PROPERTY ASSESSMENT CASES COMMENCED BY JOHN AND KATHLEEN SALVADOR RESOLUTION NO.: 526, 2005 INTRODUCED BY: Mr. Roger Boor WHO MOVED ITS ADOPTION SECONDED BY: Mr. John Strough WHEREAS, John and Kathleen Salvador (Petitioners) previously commenced Article 7 Real Property Assessment Review cases against the Town of Queensbury concerning the Dunham’s Bay Lodge and marina facilities for tax years 1996/97 through 1998/99, and concerning the marina facilities alone for tax years 2002/03 through 2004/05, with the parcels at issue more specifically identified below, and WHEREAS, Petitioners have proposed terms for settlement of these cases, and WHEREAS, the Town Assessor and the Town Board have reviewed the cases and the proposed settlement terms with Town Counsel, and WHEREAS, the Lake George Central School District has approved the proposed settlement terms, 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 John and Kathleen Salvador concerning the Dunham’s Bay Lodge and marina facilities for tax years 1996/97 through 1998/99 and concerning the marina facilities alone for tax years 2002/03 through 2004/05 as follows: YEAR 1996/97 Parcel No. Current Assessment Revised Assessment Reduction 4-1-9 $ 231,500 $ 231,500 $ 0 4-1-11 770,100 566,000 204,100 10-1-17.1 1,949,000 1,415,000 534,000_ $2,950,600 $2,212,500 $738,100 1997/98 Parcel No. Current Assessment Revised Assessment Reduction 4-1-9 $ 231,500 $ 231,500 $ 0 4-1-11 770,100 566,000 204,100 10-1-17.1 1,949,000 1,415,000 534,000_ $2,950,600 $2,212,500 $738,100 1998/99 Parcel No. Current Assessment Revised Assessment Reduction 4-1-9 $ 231,500 No Change $ 0 4-1-11 566,000 No Change 0 10-1-17.1 1,415,000 No Change 0_ $2,212,500 No Change $ 0 2002/03 Parcel No. Current Assessment Revised Assessment Reduction 239.20-1-1 $ 231,500 $ 206,600 $ 24,900 (Old # 4-1-9) 252-1-75.3 566,000 505,900 60,100 (Old # 4-1-11) 252-1-89 100 100 0 252-1-90 100 100 ___ 0_ $ 797,700 $ 712,700 $ 85,000 2003/04 Parcel No. Current Assessment Revised Assessment Reduction 239.20-1-1 $ 231,500 $ 214,000 $ 17,500 252-1-75.3 566,000 524,000 42,000 252-1-89 100 100 0 252-1-90 100 _____ 100 ____0_ $ 797,700 $ 738,200 $ 59,500 2004/05 Parcel No. Current Assessment Revised Assessment Reduction 239.20-1-1 $ 231,500 No Change $ 0 252-1-75.3 566,000 No Change 0 252-1-75.2 142,000 No Change 0 252-1-89 100 No Change 0 252-1-90 100 No Change 0 252-1-91 10,000 _____ No Change 0_ $ 949,700 No Change $ 0 and BE IT FURTHER, RESOLVED, that the Town Board authorizes and directs payment of any and all refunds with interest upon the filing of a Stipulation of Settlement and Order signed by all parties and by the Supreme Court Judge presiding over these cases, and BE IT FURTHER, RESOLVED, that any documents prepared and filed to finalize the settlement of these cases shall state that Real Property Tax Law Section 727 does not apply to this settlement, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor, Town Assessor 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 7 day of November, 2005, by the following vote: AYES : Mr. Turner, Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Boor NOES : None ABSENT: None