Loading...
337.2003 RESOLUTION AUTHORIZING SETTLEMENT OF PENDING ARTICLE 7 REAL PROPERTY ASSESSMENT CASES COMMENCED BY ADIRONDACK FACTORY OUTLET CENTER, INC. RESOLUTION NO.: 337. 2003 INTRODUCED BY: Mr. Roger Boor WHO MOVED ITS ADOPTION SECONDED BY: Mr. Tim Brewer WHEREAS, the Adirondack Factory Outlet Center, Inc. previously commenced Article 7 Real Property Assessment Review cases against the Town of Queensbury for tax years 1995/96 through 2002/03 concerning assessments on the factory outlet retail center located on two parcels on the east side of Route 9 in the Town of Queensbury (Tax Map Nos.: 36-1-29 and 36-1-28 for 1995 through 2000 and Tax Map No.’s: 288.12-1-22 and 288.12-1-23 for 2001 to present), 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 Lake George Central School District has not intervened in these cases and has indicated that it will accept a settlement approved by the Town Board, 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 the Adirondack Factory Outlet Center, Inc., for the 1995/96 through 2002/2003 tax years concerning assessments on the factory outlet retail center located on two parcels on the east side of Route 9 in the Town of Queensbury (Tax Map No.’s: 36-1-29 and 36-1-28 for 1995 through 2000 and Tax Map No.’s: 288.12-1-22 and 288.12-1-23 for 2001 to present) in accordance with the following revised combined assessment values: Current Revised Tax Year Assessment Assessment 1996/97 $4,500,000 $4,200,000 1998/99 $4,500,000 $4,200,000 1999/00 $4,500,000 $4,000,000 2000/01 $4,500,000 $3,900,000 2001/02 $4,500,000 $3,800,000 2002/03 $4,500,000 $3,600,000 and BE IT FURTHER, RESOLVED, that the Town Board authorizes and directs payment of any and all refunds without interest to the Adirondack Factory Outlet Center, Inc., within thirty (30) days from the date that a Demand for Refunds is served upon the Town of Queensbury, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor, Town Assessor 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. st Duly adopted this 21 day of July, 2003, by the following vote: AYES : Mr. Brewer, Mr. Brower, Mr. Boor, Mr. Turner, Mr. Stec NOES : None ABSENT: None