303.2000
RESOLUTION AUTHORIZING SETTLEMENT OF PENDING
ARTICLE 7 REAL PROPERTY ASSESSMENT CASE
COMMENCED BY NMM GLENS FALLS ASSOCIATES
RESOLUTION NO.: 303, 2000
INTRODUCED BY: Mr. Tim Brewer
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Daniel Stec
WHEREAS, NMM Glens Falls Associates (NMM) has commenced Article 7 Real Property
Assessment Review cases against the Town of Queensbury for the 1997, 1998, 1999 and 2000
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 Queensbury Town Board hereby approves of settlement of the pending
Article 7 cases against the Town of Queensbury by NMM Glens Falls Associates (NMM) for the 1997,
1998, 1999 and 2000 tax years in accordance with the following revised assessment values:
Parcel - Tax Map No.: Tax Years: Revised Assessment
Regency Park Apartments 1997, 1998 $5,000,000
Meadowbrook Road
Queensbury, New York 12804
59-3-1.22
" 1999 $5,400,000
" 2000 $6,000,000
and
BE IT FURTHER,
RESOLVED, that any refunds paid to NMM a result of this settlement shall be without interest
so long as the refunds are paid to NMM within 90 days of service of the Order of Settlement, 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.
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Duly adopted this 24 day of July, 2000, by the following vote:
AYES : Mr. Stec, Mr. Brewer, Mr. Martin, Mr. Turner, Mr. Brower
NOES : None
ABSENT: None