Loading...
4.09 4.9 Assessments/Settle Home Depot—2-27-17 RESOLUTION AUTHORIZING SETTLEMENT OF PENDING ARTICLE 7 REAL PROPERTY ASSESSMENT CASES COMMENCED BY HOME DEPOT U.S.A., INC. RESOLUTION NO.: , 2017 INTRODUCED BY: WHO MOVED ITS ADOPTION SECONDED BY: WHEREAS, Home Depot U.S.A., Inc., previously commenced Article 7 Real Property Assessment Review cases against the Town of Queensbury for tax years 2012 - 2016 concerning the assessment on property located in the Town of Queensbury at 820 State Route 9 (Tax Map No.: 296.18-1-46) and WHEREAS, the Town Assessor has recommended a settlement proposal to the Town Board and the Town Board has reviewed the cases with Town Counsel, and WHEREAS, the Queensbury Union Free School District will be recommending approval of the proposed settlement, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby approves the settlement of the pending Article 7 cases against the Town of Queensbury brought by Home Depot U.S.A., Inc., for the 2012 - 2016 tax years concerning the assessment on property located in the Town of Queensbury at 820 State Route 9 (Tax Map No.: 296.18-1-46) whereby Home Depot U.S.A., Inc., will withdraw its cases against the Town of Queensbury for tax years 2012 - 2016 and its respective demands for refunds, and BE IT FURTHER, RESOLVED, that assessments for the next four (4) tax years shall be set as follows: Tax Year Assessment 2017 $6,000,000 2018 $5,750,000 2019 $5,500,000 2020 $5,000,000 and BE IT FURTHER, RESOLVED, that the Town Board further 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 271h day of February, 2017, by the following vote: AYES NOES ABSENT: