4.11 4.11
ASSESSMENTS\Settle Roberts Gardens—7-21-14
RESOLUTION AUTHORIZING SETTLEMENT OF PENDING
ARTICLE 7 REAL PROPERTY ASSESSMENT CASES
COMMENCED BY ROBERTS GARDENS NORTH, LLC
RESOLUTION NO.: ,2014
INTRODUCED BY:
WHO MOVED ITS ADOPTION
SECONDED BY:
WHEREAS, Roberts Gardens North, LLC, previously commenced Article 7 Real Property
Assessment Review cases for 2012 and 2013 against the Town of Queensbury concerning certain
property located off Weeks Road, developed with apartment buildings and identified as Tax Map
Number 296.17-1-41, with an assessment for each year of $7,700,000, 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, the Queensbury Union Free School District has approved the proposed
settlement terms,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby approves the settlement of the pending
Article 7 cases against the Town brought by Roberts Gardens North, LLC for 2012 and 2013
concerning the property identified as Tax Map Number 296.17-1-41, in accordance with the
following:
1) For the 2014 Assessment Roll, the assessed value of the parcel shall be $7,100,000
(Seven Million One Hundred Thousand Dollars),
2) For the 2015, 2016 and 2017 Assessment Rolls, the assessment shall be based upon a
full market value of$8,600,000 (Eight Million Six Hundred Thousand Dollars).
3) For the 2012 and 2013 Assessment Rolls, the assessed value of the property shall be
reduced from $7,700,000 to $7,100,000 but no refunds shall be paid as long the
assessments on the parcel on the Assessment Rolls for 2014 through 2017 are set as
provided for in Paragraphs 1 and 2 above.
4) The property owner shall discontinue all pending cases.
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 on behalf of
the Town and take any additional steps necessary to effectuate the proposed settlement in accordance
with the terms of this Resolution.
Duly adopted this 21St day of July, 2014, by the following vote:
AYES
NOES
ABSENT: