349.2000
RESOLUTION AUTHORIZING CONSENT AGREEMENT IN
CONNECTION WITH PAYMENT IN LIEU OF TAXES (PILOT)
AGREEMENT BETWEEN THE TOWN OF QUEENSBURY AND THE
GLEN AT HILAND MEADOWS, INC., THE GLENS FALLS HOME, INC.,
LTC (EDDY) INC., AND BEECHWOOD INC.
D/B/A EDDY PROPERTY SERVICES
RESOLUTION NO.: 349, 2000
INTRODUCED BY: Mr. James Martin
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Theodore Turner
WHEREAS, by Resolution No.: 2.99 the Queensbury Town Board entered into a PILOT
Agreement between the Town of Queensbury, The Glens Falls Home, Inc., LTC (Eddy), Inc.,
Beechwood, Inc., d/b/a Eddy Property Services and The Glen at Hiland Meadows and
WHEREAS, the PILOT Agreement provided, among other things, that allocation of taxes
would be as detailed therein, and
WHEREAS, the parties to the PILOT Agreement wish to amend the PILOT Agreement to
allow for the revision of the allocation of taxes among the Town of Queensbury, Warren County and
the Queensbury Union Free School District during the period of Industrial Development Agency
financing, and
WHEREAS, a copy of a draft Consent Agreement which would allocate such PILOT
payments among the taxing authorities has been presented at this meeting and the Town Board has
determined that such Consent Agreement would be in the best interests of the Town and its residents,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby approves of a Consent Agreement
amending the allocation of payments among the taxing authorities concerning the PILOT Agreement
between the Town of Queensbury, The Glens Falls Home, Inc., LTC (Eddy), Inc., Beechwood, Inc.,
d/b/a Eddy Property Services and The Glen at Hiland Meadows substantially in the form presented at
this meeting, and
BE IT FURTHER,
RESOLVED, that the Town Board hereby authorizes and directs the Town Supervisor to
execute the Consent Agreement in form approved by Town Counsel and take such other and further
action necessary to effectuate the terms of this Resolution.
st
Duly adopted this 21 day of August, 2000, by the following vote:
AYES : Mr. Turner, Mr. Stec, Mr. Martin, Mr. Brower
NOES : None
ABSENT: Mr. Brewer
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