223.2001
RESOLUTION AUTHORIZING SETTLEMENT OF PENDING
ARTICLE 7 REAL PROPERTY ASSESSMENT CASES
COMMENCED BY NORTHWAY PLAZA ASSOCIATES, LLC
RESOLUTION NO.: 223. 2001
INTRODUCED BY: Mr. Theodore Turner
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. James Martin
WHEREAS, Northway Plaza Associates, LLC previously commenced Article 7 Real Property
Assessment Review cases against the Town of Queensbury for the 1994/95 – 2000/01 tax years, 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 has been informed of the proposed
settlement and the School District has advised that it has approved the proposed settlement contingent
upon Queensbury Town Board approval,
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 Northway Plaza Associates, LLC for the 1994/95
– 2000/01 tax years concerning the Northway Plaza property located at the intersection of Route 9
and Quaker Road, Queensbury, Tax Map No.: 72-7-4 in accordance with the following revised
assessment values:
Tax YearCurrent Total Current Exemption Reduced Total Reduced
AssessmentAmountAssessmentExemption
Amount
1994/95 $11,802,800 n/a $11,402,800 n/a
1995/96 $13,143,800 Town: $670,500 $12,073,300 Town: $615,891
1996/97 $12,743,800 Town: $423,500 $12,073,300 Town: $401,218
1997/98 $12,743,800 Town: $376,444 $12,073,300 Town: $356,638
1998/99 $12,743,800 Town: $329,400 $12,073,300 Town: $312,069
1999/2000 $13,443,800 Town: $632,300 $12,773,300 Town: $600,700
County: $350,000 County: $350,000
2000/01 $13,443,800 Town: $550,300 $12,635,348 Town: $517,300
County: $315,000
County: $296,100
and
BE IT FURTHER,
RESOLVED, that the Town Board authorizes and directs payment of any and all refunds
without interest to Northway Plaza Associates, LLC within forty-five (45) 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 May, 2001, by the following vote:
AYES : Mr. Stec, Mr. Brewer, Mr. Brower, Mr. Martin, Mr. Turner
NOES : None
ABSENT: None