4.4
4.4
ASSESSMENTS\\Settle Wal-Mart – 6-1-2020
RESOLUTION AUTHORIZING SETTLEMENT OF
PROPERTY ASSESSMENT CASES FILED BY WAL-MART
RESOLUTION NO.: _____________________________________________________, 2020
INTRODUCED BY: _____________________________________________________
WHO MOVED ITS ADOPTION
SECONDED BY: ______________________________________________________
WHEREAS, Wal-Mart (“Petitioner”), filed Article 7 Real Property Assessment Review
cases against the Town of Queensbury challenging the 2017 through 2019 assessments on real
property located at 891 Route 9, Queensbury, New York (Tax Map Parcel # 296.17-1-36), 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 School District is expected to approve 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 Wal-Mart as follows:
1) The 2017, 2018 and 2019 Proceedings shall be discontinued without reduction of
the assessments or refunds.
2) The assessed value for Tax Map Parcel # 296.17-1-36 shall be fixed at
$11,850,000 for the 2020, 2021, 2022 and 2023 assessment rolls and will remain
fixed in the event of a Town-wide revaluation.
and
BE IT FURTHER,
RESOLVED, that approval of this settlement agreement is contingent upon Town Counsel’s
review and approval of the Stipulation 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.
st
Duly adopted this 1 day of June, 2020, by the following vote:
AYES :
NOES :
ABSENT: