382.2000
RESOLUTION AUTHORIZING ADDENDUM TO PAYMENT IN LIEU OF
TAXES (PILOT) AGREEMENT BETWEEN TOWN OF QUEENSBURY,
GLEN AT HILAND MEADOWS, INC., GLENS FALLS HOME, INC., LTC
(EDDY) INC., AND BEECHWOOD INC.
D/B/A EDDY PROPERTY SERVICES
RESOLUTION NO.: 382. 2000
INTRODUCED BY: Mr. James Martin
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Daniel Stec
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, by Resolution No.: 349,2000, the Town Board authorized a Consent Agreement
amending the allocation of payments among the taxing authorities concerning the PILOT Agreement,
and
WHEREAS, the parties to the PILOT Agreement wish to again amend the PILOT Agreement
to allow for the transfer of The Glens Falls Home’s real property interest in the land on which the Glen
at Hiland Meadows is being constructed to its related property holding corporation, Glens Falls
Resources, Inc., and make it a party to the agreement and to also correct a typographical error in the
original PILOT Agreement, and
WHEREAS, a copy of a proposed Addendum has been presented at this meeting and the
Town Board has determined that the Addendum is in the best interests of the Town and its residents,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby approves of the Addendum to 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 Addendum in form approved by Town Counsel and take such other and further action
necessary to effectuate the terms of this Resolution.
th
Duly adopted this 25 day of September, 2000, by the following vote:
AYES : Mr. Stec, Mr. Brewer, Mr. Martin, Mr. Brower
NOES : None
ABSENT:Mr. Turner
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