037.98
RESOLUTION AUTHORIZING SETTLEMENT OF PENDING
ARTICLE 7 REAL PROPERTY ASSESSMENT CASES
COMMENCED BY JAY GROSSMAN AND RICHARD A. GROSSMAN
RESOLUTION NO.: 37, 98
INTRODUCED BY: Mr. Richard Merrill
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Pliney Tucker
WHEREAS, certain Article 7 real property assessment review
cases have been commenced by Jay Grossman and Richard A. Grossman
against the Town of Queensbury for the assessment years 1993/94,
1994/95, 1995/96, 1996/97 and 1997/98, and
WHEREAS, the Town Board of the Town of Queensbury has reviewed
these cases with Town Counsel and the Town Assessor has recommended
the following settlement to the Town Board,
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby
agrees to discontinue the 1993/94 and 1994/95 proceedings, to
discontinue all of the proceedings with respect to the parcel
containing the Wal-Mart Store, known as Tax Map #71-1-3.2, and
hereby approves of settlement of the remaining Article 7 cases
against the Town of Queensbury by Jay Grossman and Richard A.
Grossman in accordance with the following revised assessment
values, with refunds and without interest to be paid by the Town:
Assessed Proposed
Tax Map No.: Year Value Settlement
71-1-3.1 1995/96 $2,603,700 $2,321,500
1996/97 $2,672,500 $2,400,000
1997/98 $2,672,500 $2,400,000
and
BE IT FURTHER,
RESOLVED, that the Town Supervisor and Town Counsel are
authorized to execute settlement documents and take any additional
steps that may be necessary to effectuate the proposed settlement
in accordance with the above terms.
Duly adopted this 19th day of January, 1998, by the following
vote:
AYES: Mr. Irish, Mr. Tucker, Mr. Merrill, Mr. Turner, Mr.
Champagne
NOES: None
ABSENT:None