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092.2000 RESOLUTION AUTHORIZING SETTLEMENT OF PENDING ARTICLE 7 REAL PROPERTY ASSESSMENT CASE COMMENCED BY PLAZA @ LATHAM ASSOCIATES RESOLUTION NO.: 92, 2000 INTRODUCED BY: Mr. Tim Brewer WHO MOVED ITS ADOPTION SECONDED BY: Mr. James Martin WHEREAS, Plaza @ Latham Associates has commenced Article 7 Real Property Assessment Review cases against the Town of Queensbury for the 1997 and 1998 assessment years, and WHEREAS, the Town Assessor has recommended a settlement proposal to the Town Board and the Town Board has reviewed this case 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 no objection, NOW, THEREFORE, BE IT RESOLVED, that the Town Board of the Town of Queensbury hereby approves of settlement of the pending Article 7 cases against the Town of Queensbury by Plaza @ Latham Associates for the 1997 and 1998 tax years in accordance with the following revised assessment value: Parcel - Tax Map No.: Revised Assessment for 1997 and 1998: Meadow Lane, Queensbury $30,000 59-3-1.25 and BE IT FURTHER, RESOLVED, that any refunds paid to Plaza @ Latham Associates as a result of this settlement shall be without interest, 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. th Duly adopted this 28 day of February, 2000, by the following vote: AYES : Mr. Turner, Mr. Stec, Mr. Brewer, Mr. Martin, Mr. Brower NOES : None ABSENT: None