266.98
RESOLUTION AUTHORIZING SETTLEMENT OF PENDING
ARTICLE 7 REAL PROPERTY ASSESSMENT CASE
COMMENCED BY KENNY PROPERTIES, LTD.
RESOLUTION NO.: 266.98
INTRODUCED BY: Mr. Theodore Turner
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Richard Merrill
WHEREAS, Kenny Properties, Ltd. has commenced Article 7 real property assessment review
cases against the Town of Queensbury for the 1995, 1996 and 1997 assessment years, 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,
and
WHEREAS, the Lake George Central School District has been informed of the proposed
settlement and the School District has advised that it has no objection,
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 Kenny Properties, Ltd. in
accordance with the following revised assessment value:
Tax Map No.: Tax Years: New Assessment:
36-1-31 1995/96 $ 2,300,000
1996/97 2,300,000
1997/98 2,300,000
and
BE IT FURTHER,
RESOLVED, that the settlement shall be with refunds to be paid by the Town without interest,
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.
th
Duly adopted this 6 day of July, 1998, by the following vote:
AYES : Mr. Merrill, Mr. Turner, Mr. Tucker, Mr. Champagne
NOES : None
ABSENT:Mr. Irish