495.2007
RESOLUTION AUTHORIZING SETTLEMENT OF PENDING
ARTICLE 7 REAL PROPERTY ASSESSMENT CASE
COMMENCED BY LAKE GEORGE BOAT CO.
RESOLUTION NO.: 495, 2007
INTRODUCED BY: Mr. Tim Brewer
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Roger Boor
WHEREAS, Lake George Boat Co. previously commenced Article 7 Real Property
Assessment Review cases against the Town of Queensbury concerning the assessed value of
property located on a Tax Map No. 239.8-1-17 for the 2005, 2006 and 2007 assessment years,
and
WHEREAS, the Town Assessor has recommended a settlement proposal to the Town
Board and the Town Board has reviewed the case with Town Counsel, and
WHEREAS, the Lake George Central School District approves of the 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 by Lake George Boat Co., concerning
property located on Tax Map No. 239.8-1-17 for the 2005, 2006 and 2007 assessment years in
accordance with the following revised assessment value:
Tax Year Current Assessment Revised Assessment
2005 $ 1,482,500.00 $ 1,171,000.00
2006 $ 1,482,500.00 $ 1,171,000.00
2007 $ 1,482,500.00 $1,171,000.00
and
BE IT FURTHER,
RESOLVED, that the revised assessment of $1,171,000.00 will remain in place
throughout the next three (3) tax seasons (2008-2009, 2009-2010 and 2010-2011) on the
condition that there is no Town wide re-evaluation and that there is no new construction, and
BE IT FURTHER,
RESOLVED, that the Town Board authorizes and directs payment of any and all refunds
without interest to Petitioner’s counsel, Judge & Duffy, within sixty (60) days from the date that
a Demand for Refunds is served upon the Town of Queensbury and the Warren County
Treasurer, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor,
Town Assessor, Town Fiscal Manager 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.
th
Duly adopted this 19 day of November, 2007, by the following vote:
AYES: Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Boor, Mr. Sanford
NOES: None
ABSENT: None