002.99
RESOLUTION AUTHORIZING PAYMENT IN LIEU OF TAXES (PILOT)
AGREEMENT BETWEEN THE TOWN OF QUEENSBURY AND THE
GLEN AT HILAND MEADOWS, INC., THE GLENS FALLS HOME, INC.,
LTC (EDDY) INC., AND BEECHWOOD INC.
D/B/A EDDY PROPERTY SERVICES
RESOLUTION NO.: 2, 1999
INTRODUCED BY: MR. DOUGLAS IRISH
WHO MOVED ITS ADOPTION
SECONDED BY: MR. THEODORE TURNER
WHEREAS, The Glens Falls Home, Inc., LTC (Eddy), Inc. and Beechwood, Inc., d/b/a Eddy
Property Services have qualified for tax exempt status by an Internal Revenue Service ruling
recognizing them as 501(c )(3) Corporations, and
WHEREAS, The Glen at Hiland Meadows, Inc., is a not-for-profit corporation which will
provide for housing, financial security and health needs of seniors within the Town of Queensbury and
the surrounding region and which will qualify for tax exempt status by an IRS ruling recognizing it as a
501(c )(3) Corporation, and
WHEREAS, The Glens Falls Home, Inc., and Eddy Property Services have acquired title to
certain real property located within the Town bearing tax map no.: 46-2-2.2 (Parcel) on which they
intend to construct a retirement community to be known as The Glen at Hiland Meadows (Project),
which retirement community will utilize Town services and include adult home beds in accordance with
State of New York Department of Social Services standards, and
WHEREAS, The Glen at Hiland Meadows has made application to the Town for exemption
from the obligation to pay real property taxes on the Parcel, and
WHEREAS, The Glen at Hiland Meadows and the Town wish to authorize an agreement
whereby The Glen at Hiland Meadows would pay a portion of real property taxes which would be due
on the Parcel if it were not exempt from taxes, and
WHEREAS, a proposed Agreement between the Town and The Glen at Hiland Meadows for
payments in lieu of taxes (PILOT) has been presented to the Town Board before and at this meeting,
and
WHEREAS, the Town Board wishes to authorize the Town Supervisor to execute the PILOT
Agreement which 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
PILOT Agreement between the Town of Queensbury and The Glens Falls Home, Inc., LTC (Eddy),
Inc., Beechwood, Inc., d/b/a Eddy Property Services and The Glen at Hiland Meadows 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 Agreement in form approved by Town Counsel and to take such
other and further action necessary to effectuate the terms of this Resolution.
th
Duly adopted this 4 day of January, 1999, by the following vote:
AYES : Mr. Tucker, Mr. Merrill, Mr. Irish, Mr. Turner, Mr. Champagne
NOES : None
ABSENT: None
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