215.2012 Article 7 TD Banknorth RESOLUTION AUTHORIZING SETTLEMENT OF PENDING
ARTICLE 7 REAL PROPERTY ASSESSMENT CASES
COMMENCED BY TD BANKNORTH
RESOLUTION NO.: 215,2012
INTRODUCED BY: Mr. Ronald Montesi
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Tim Brewer
WHEREAS, TD Banknorth, (Petitioner) previously commenced an Article 7 Real Property
Assessment Review case in 2010 against the Town of Queensbury concerning the assessment on two
(2)parcels of property located at 54 Quaker Road, Town of Queensbury, further identified as Tax Map
No.'s: 302.6-1-64 and 302.6-1-65, (hereinafter the"Properties"), and
WHEREAS, the Town Assessor has reviewed the cases with Town Counsel and the Assessor
has recommended a settlement proposal to the Town Board, and
WHEREAS, counsel for the Queensbury Union Free School District advises that District
officials will recommend that the School Board approve the proposed settlement,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby approves the settlement of the pending
Article 7 proceedings filed by TD Banknorth, such that the assessment on the Properties shall be
revised as follows:
TAX MAP ID# ASSESSMENT ROLL CURRENT REDUCED
ASSESSMENT ASSESSMENT
302.6-1-64 2010 $966,000 $825,600
302.6-1-65 2010 $374,000 $272,600
and
BE IT FURTHER,
RESOLVED, that such revised assessments on the Properties for the final 2010
Assessment Roll shall remain effective for the 2011, 2012 and 2013 Assessment Rolls, subject to
the exceptions provided for in Real Property Tax Law §727, and
BE IT FURTHER,
RESOLVED, that the Town Board authorizes and directs payment of any and all refunds,
with interest if ordered by the Court, within sixty (60) days after Petitioner serves a copy of the
filed Court Order, with Notice of Entry, approving the settlement on the Warren County
Treasurer, and
BE IT FURTHER,
RESOLVED, that the Town Board authorizes and directs the Town Supervisor, Town
Assessor, Town Budget Officer and/or Town Counsel to execute settlement documents and take any
additional steps necessary to effectuate the proposed settlement in accordance with the terms of this
Resolution.
Duly adopted this 16'h day of July, 2012 by the following vote:
AYES: Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Metivier, Mr. Montesi
NOES: None
ABSENT: None