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2008-165D Resolution Authorizing Settle Ata regular meeting of the Town Bvaiu u, uiv vwu ui w uppingur, 1Jutcne55 wunty, New York, held at Town Hall, 20 Middlebush Road, Wappingers Falls, New York, on June 9t', 2008. The meeting was called to order by Christopher Colsey, Supervisor, and upon roll being called, the following were present: PRESENT: Supervisor Councilmembers ABSENT: Christopher J. Colsey William H. Beale Vincent F. Bettina Maureen McCarthy (arrived at 7:52 PM) Joseph P. Paoloni The following Resolution was introduced by Councilman Beale and seconded by Councilman Bettina WHEREAS, there are now pending in the Dutchess County Supreme Court tax certiorari proceedings commenced in 1999, 2000, 2001, 2002, 2004, 2005, 2006, and 2007 by the Hoeventure, L.L.C. regarding premises known as Holiday Bowl, 1677 Route 9, Grid #6158-14- 491476, seeking a reduction in the 1999 through 2007 (exclusive of 2003) tax assessment for those respective tax rolls; and WHEREAS, the Town Assessor and Special Counsel recommend a settlement on each of these tax review proceedings NOW, THEREFORE, BE IT RESOLVED, that the Town Board of the Town of Wappinger hereby approves a settlement on behalf of the Town of Wappinger of the tax review proceedings for the years 1996 though the year 2007 (exclusive of 2003), as it pertains to Grid No.: 6158-14-491476, as follows: REVISED YEAR ASSESSMENT ASSESSMENT REDUCTION 1999 $ 609,800 $ 609,800 -0- 2000 $ 609,800 $ 609,800 -0- 2001 $ 609,800 $ 609,800 -0- 2002 $ 609,800 $ 609,800 -0- 2003 NO FILING 2004 $ 609,800 $ 487,840 $121,960 2005 $ 609,800 $ 487,840 $121,960 2006 $ 609,800 $ 487,840 $121,960 2007 $2,200,000 $1,750,000 $450,000 BE IT FURTHER RESOLVED, that the Town Supervisor, Town Assessor, and Gellert & Klein, P.C., Special Counsel to the Town of Wappinger, are hereby authorized to take all action necessary and appropriate to effectuate the terms of this resolution. The foregoing was put to a vote which resulted as follows: CHRISTOPHER COLSEY, SUPERVISOR WILLIAM H. BEALE, COUNCILMAN Voting: AYE Voting: VINCENT F. BETTINA, COUNCILMAN AYE MAUREEN McCARTHY, COUNCILWOMAN VotingAYE JOSEPH P. PAOLONI, COUNCILMAN Voting: AYE Dated: Wappingers Falls, New York 6/9/2008 The Resolution is hereby duly declared adopted. i' -'j -L"4 %-- IVIAj I hjKSUN,•