038.98
RESOLUTION AUTHORIZING SETTLEMENT OF PENDING
ARTICLE 7 REAL PROPERTY ASSESSMENT CASES
COMMENCED BY THE GLENS FALLS CEMENT COMPANY
RESOLUTION NO.: 38, 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 the Glens Falls Cement Company against
the Town of Queensbury for the assessment years 1993, 1994, 1995,
1996 and 1997, 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
approves of settlement of the pending Article 7 cases against the
Town of Queensbury by the Glens Falls Cement Company in accordance
with the following revised assessment values:
Tax Map No.: Tax Year: New Assessment:
113.2-4 1993 $10,038,366.
1994 10,038,366.
1995 10,563,366.
1996 10,688,366.
1997 10,688,366.
and
BE IT FURTHER,
RESOLVED, that the settlement shall be without refunds or
interest to be paid by the Town, except that refunds, without
interest, may be paid by the Town for the 1997 tax year, if
necessary, 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. Tucker, Mr. Merrill, Mr. Turner, Mr. Irish, Mr.
Champagne
NOES: None
ABSENT:None