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600.92 RESOLUTION REGARDING SETTLEMENT AGREEMENT ON ASSESSMENT CASE FOR JOHN BURKE APARTMENTS, INC. RESOLUTION NO. 600, 92 INTRODUCED BY: Mr. Nick Caimano who moved for its adoption SECONDED BY: Mr. Pliney Tucker WHEREAS, the Town of Queensbury has been party to an assessment challenge brought by John P. Burke Apartments, Inc. contesting tax assessments for the tax years 1989-90, 1990- 91, 1991-92, and 1992-93 on a certain parcel of property bearing tax map number 97-2-5.2 and WHEREAS, settlement negotiations have been entered into and the settlement negotiations have been reviewed with the Town Board by the Town Attorney NOW, THEREFORE BE IT RESOLVED, the Town Board of the Town of Queensbury hereby approves of the settlement of the case of John P. Burke Apartments, Inc. against the Town of Queensbury and with the understanding that such approvement will still have to be approved by the Supreme Court, and be it further RESOLVED, that the Town Board of the Town of Queensbury acknowledges as part of the settlement a tax refund will be owed in the amount of Ten Thousand Eight Hundred and thirty eight dollars ($10,838.00) said tax rate to be paid for from the appropriate district accounts. Duly adopted this 4th day of November, 1992 by the following vote: AYES: Mrs. Monahan, Mrs. Goetz, Mr. Caimano, Mr. Tucker, Mr. Brandt NOES: None ABSENT: None