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404.94 RESOLUTION AUTHORIZING SETTLEMENT OF PENDING ARTICLE 7 TAX ASSESSMENT REVIEW CASES RESOLUTION NO.: 404.94 INTRODUCED BY: Mr. Nick Caimano WHO MOVED ITS ADOPTION SECONDED BY: Mr. Fred Champagne WHEREAS, certain Article 7 Real Property Tax Assessment Review Cases have been commenced against the Town of Queensbury, and WHEREAS, the Town Board of the Town of Queensbury has reviewed the tax assessment review cases with the legal counsel for the Town of Queensbury, such counsel and the Town Assessor having made recommendations to the Town Board, NOW, THEREFORE, BE IT RESOLVED, that the Town Board of the Town of Queensbury hereby approves and authorizes settlement of the following cases with respect to the 1993 and 1994 assessment rolls as indicated and as follows: Name Tax Map No.: 1993 1994 Highway Hosts, Inc. 98-1-2 $2.5 million $2.2 million Meadow Run Development Corp. 98-1-5.1 $ 100,000 $ 100,000 with the condition that both parcels will be consolidated into one parcel with a value of $2.3 million, with a tax identification number to be assigned by the Town Assessor or Warren County, and BE IT FURTHER, RESOLVED, that the Town Attorney is hereby authorized to enter into such stipulations and request such court orders as may be necessary to resolve the assessment cases referred to herein. Duly adopted this 15th day of August, 1994, by the following vote: AYES : Dr. Wiswall, Mr. Caimano, Mrs. Pulver, Mrs. Monahan, Mr. Champagne NOES : None ABSENT: None