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497.98 RESOLUTION AUTHORIZING INTERMUNICIPAL SETTLEMENT AGREEMENT BETWEEN THE TOWN OF QUEENSBURY AND THE CITY OF GLENS FALLS REGARDING COLE’S WOODS PROPERTIES RESOLUTION NO.: 497, 98 INTRODUCED BY: Mr. Richard Merrill WHO MOVED ITS ADOPTION SECONDED BY: Mr. Theodore Turner WHEREAS, the City of Glens Falls is the owner of certain properties located in the Town of Queensbury generally known as Cole’s Woods, which properties consist of several parcels constituting approximately 90.4 acres which are generally utilized for public open space and recreational purposes, and WHEREAS, the City commenced formal, legal annexation proceedings to annex the Cole’s Woods properties by modifying the municipal boundary line between the Town and the City such that the Cole’s Woods properties would be located in and become part of the City and no longer be located in the Town, and WHEREAS, the Town of Queensbury opposed the annexation proceedings, and WHEREAS, trial of the annexation proceeding began on September 14, 1998 before Appellate Division Referees Dominic Viscardi, Charles Lewis and Arnold Proskin, and WHEREAS, the Town and City share the common goal of preserving the public open space and recreational use of the Cole’s Woods properties and preventing development of the properties or uses inconsistent with public open space recreational uses, and WHEREAS, during the trial and with the assistance of the Referees, the Town and City have negotiated terms for settlement of the annexation proceeding including discontinuance of the annexation proceeding by the City and the Town’s agreement to eliminate the City’s taxes on the properties for forty (40) years, and WHEREAS, an Intermunicipal Settlement Agreement has been proposed by the City and presented to the Town Board before and at this meeting, and WHEREAS, the Town Board wishes to authorize the Town Supervisor to execute the Intermunicipal Settlement Agreement for the mutual benefit of constituents and residents of both the Town and City, and WHEREAS, the Intermunicipal Settlement Agreement is in form approved by Town Counsel, NOW, THEREFORE, BE IT RESOLVED, that the Town Board of the Town of Queensbury hereby approves of the Intermunicipal Settlement Agreement with the City of Glens Falls regarding the Cole’s Woods properties substantially in the form presented at this meeting, and BE IT FURTHER, RESOLVED, that the Town Board of the Town of Queensbury hereby authorizes and directs the Town Supervisor to execute the Intermunicipal Settlement Agreement in form approved by Town Counsel and to take such other and further action necessary to effectuate the terms of this Resolution. st Duly adopted this 21 day of December, 1998, by the following vote: AYES : Mr. Merrill, Mr. Turner, Mr. Champagne NOES : Mr. Irish, Mr. Tucker ABSENT: None 2