221.2005
RESOLUTION RESCINDING RESOLUTION NO.: 184,2005 AND
AUTHORIZING REVISED SETTLEMENT TERMS PERTAINING TO
SETTLEMENT OF PENDING ARTICLE 7 REAL PROPERTY
ASSESSMENT CASES COMMENCED BYCONROY REALTY, LLC
RESOLUTION NO.: 221, 2005
INTRODUCED BY: Mr. Roger Boor
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Theodore Turner
WHEREAS, by Resolution No.: 184,2005 the Queensbury Town Board authorized the
settlement of pending Article 7 cases against the Town of Queensbury by Conroy Realty, LLC
concerning properties located at 53 Quaker Road (tax map no.: 296.18-1-2) and 407 Bay Road
(tax map no.: 296.19-1-38) for the 2003/04 and 2004/05 tax years, and
WHEREAS, Town Counsel has advised that there have been subsequent negotiations
between the parties and amended settlement terms have been proposed, and
WHEREAS, Town Counsel has discussed the proposed, amended settlement terms with
the Town Assessor, the Town Assessor has reviewed the proposed revisions in settlement terms,
the Town Assessor recommends the revised settlement proposal to the Town Board and Town
Counsel has reviewed the cases and revised settlement proposal with the Town Board, and
WHEREAS, counsel for the Queensbury Union Free and Glens Falls School Districts have
advised that the School Districts have not yet acted on the proposed revised settlement but both
School Districts are anticipated to approve it, and
WHEREAS, the Town Board wishes to therefore rescind Resolution No. 184,2005 and
authorize the proposed, revised settlement terms,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby rescinds Resolution No.:
184,2005, and
BE IT FURTHER,
RESOLVED, that the Town Board hereby authorizes and approves the revised settlement
terms relating to the pending Article 7 cases against the Town of Queensbury brought by Conroy
Realty, LLC, for the 2003/04 and 2004/05 tax years by fixing the assessed values for its
properties as follows:
53 Quaker Road :
(Tax Map No.: 296.18-1-2)
Tax Year Assessment
2003/04 $496,400 (unchanged)
2004/05 $496,400 (unchanged)
2005/06 $425,000
2006/07 $425,000
2007/08 $425,000
2008/09 $425,000
407 Bay Road :
(Tax Map No.: 296.19-1-38)
Tax Year Assessment
2003/04 $752,400 (unchanged)
2004/05 $752,500 (unchanged)
2005/06 $528,000
2006/07 $528,000
2007/08 $528,000
2008/09 $528,000
and
BE IT FURTHER,
RESOLVED, that no refunds shall be paid in the settlement of the pending cases, and
BE IT FURTHER,
RESOLVED, that the values for future tax years set forth above shall be subject to change
if the Town conducts a Town-wide revaluation using any services of an outside appraiser, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor,
Town Assessor, 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.
nd
Duly adopted this 2 day of May, 2005, by the following vote:
AYES : Mr. Brewer, Mr. Stec, Mr. Boor, Mr. Turner, Mr. Strough
NOES : None
ABSENT: None