311.2001
RESOLUTION AUTHORIZING ENGAGEMENT OF INDUSTRIAL &
UTILITY VALUATION CONSULTANTS, INC. TO REVIEW DRAFT
APPRAISAL IN CONNECTION WITH ARTICLE 7 ASSESSMENT CASE
COMMENCED BY NIAGARA MOHAWK POWER CORPORATION
RESOLUTION NO.:311, 2001
INTRODUCED BY: Mr. James Martin
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Theodore Turner
WHEREAS,
the Town is engaged in litigation with Niagara Mohawk Power Corporation
and Erie Boulevard Hydropower, Inc. regarding real property tax assessments on the Sherman
Island Hydroelectric Generating Facility for the years 1994 to 2000, and
WHEREAS,
the amounts in dispute are very substantial and could result in large refunds
to the property owners if the Petitioners prevail in the litigation, and
WHEREAS,
the Assessor and Town Counsel recommend that the Town Board engage
the services of Industrial & Utility Valuation Consultants, Inc. to review the draft appraisal
prepared by MDI Associates for the Town’s use in the litigation, with the cost for such review
service not to exceed $2,100 without prior approval of the Town Board, and which cost shall be
divided equally between the Town and the Queensbury Union Free School District, and
WHEREAS,
the Queensbury Union Free School District has approved engagement of the
services of Industrial & Utility Valuation Consultants, Inc. to perform the proposed review on the
stated terms,
NOW, THEREFORE, BE IT
RESOLVED,
that the Queensbury Town Board hereby authorizes engagement of the
services of Industrial & Utility Valuation Consultants, Inc. to review the draft appraisal of the
Sherman Island Hydroelectric Generating Facility prepared for the Town’s use in litigation with
Niagara Mohawk Power Corporation and Erie Boulevard Hydropower, Inc., with the cost for
such review service not to exceed $2,100 without prior approval of this Board to be paid for from
Account No.: 001-1355-4740, “Assessor’s Dept., Article 7”, and which cost shall be divided
equally between the Town and the Queensbury Union Free School District, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Assessor,
Town Counsel and/or Town Supervisor to take any action necessary to effectuate the terms of
this Resolution.
rd
Duly adopted this 23 day of July, 2001, by the following vote:
AYES : Mr. Stec, Mr. Brower, Mr. Martin, Mr. Turner
NOES : None
ABSENT :Mr. Brewer