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265.98 RESOLUTION AUTHORIZING SETTLEMENT OF PENDING ARTICLE 7 REAL PROPERTY ASSESSMENT CASE COMMENCED BY D&C MANAGEMENT ASSOCIATES RESOLUTION NO.: 265.98 INTRODUCED BY: Mr. Richard Merrill WHO MOVED ITS ADOPTION SECONDED BY: Mr. Theodore Turner WHEREAS, D&C Management Associates has commenced an Article 7 real property assessment review case against the Town of Queensbury for the 1997 assessment year, and WHEREAS, the Town Board of the Town of Queensbury has reviewed this case with Town Counsel and the Town Assessor has recommended the following settlement to the Town Board, NOW, THEREFORE, BE IT RESOLVED, that the Town Board of the Town of Queensbury hereby approves of settlement of the pending Article 7 case against the Town of Queensbury by D&C Management Associates in accordance with the following revised assessment value: Tax Map No.: Tax Year: New Assessment: 71.-2-14.2 1997 $ 633,600 1998 633,600 1999 633,600 2000 633,600 and BE IT FURTHER, RESOLVED, that the settlement shall be with a refund to be paid by the Town, without interest, and BE IT FURTHER, RESOLVED, that the Town Supervisor and Town Counsel are authorized to execute settlement documents and take any additional steps that may be necessary to effectuate the proposed settlement in accordance with the above terms. th Duly adopted this 6 day of July, 1998, by the following vote: AYES : Mr. Tucker, Mr. Merrill, Mr. Turner, Mr. Champagne NOES : None ABSENT:Mr. Irish