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2024-1742024-174 Resolution Authorizing Settlement Of The Tax Certiorari Proceeding In The Matter Of The Application Of L&M Wappingers Falls Housing Development Fund Corporation At a Regular Meeting of the Town Board of the Town of Wappinger, Dutchess County, New York, held at Town Hall, 20 Middlebush Road, Wappingers Falls, New York, on September 9, 2024. The meeting was called to order by Joseph D. Cavaccini, Town Supervisor, and upon roll being called, the following was recorded: ✓ Vote Record - Resolution RES -2024-174 Yes/Aye No/Nay Abstain Absent 2 Adopted ❑ Adopted as Amended Joseph D. Cavaccini Voter Q ❑ ❑ ❑ ❑ Defeated William H. Beale Voter Q ❑ ❑ ❑ ❑ Tabled Angela Bettina Voter Q ❑ ❑ ❑ ❑ Withdrawn Christopher Phillips Seconder Q ❑ ❑ ❑ Al Casella Mover Q ❑ ❑ ❑ The following Resolution was introduced by Casella and seconded by Councilman Phillips. WHEREAS, the Town of Wappinger is a parry respondent in a certain tax certiorari proceeding entitled In the Matter of the Application of L&M Wappingers Falls Housing Development Fund Corporation v. The Assessor of the Town of Wappinger, The Board of Review of the Town of Wappinger and Town of Wappinger, currently pending in the Supreme Court, State of New York, County of Dutchess, in which the total assessed valuation of certain real property located in the Town of Wappinger, New York and designated as Tax Map No. 135601-6158-19-646130- 0000 on the official assessment map of the Town of Wappinger for the 2023 and 2024 Assessment Roll are being contested; and WHEREAS, the Assessor of the Town of Wappinger and the Petitioner have agreed to settle the proceeding; and WHEREAS, the parties agree to reduce the assessed valuation as follows: Assessment Year Current Assessment Proposed Assessment 2023 $10,193,000 $9,260,000 2024 $11,212,300 $8,100,000 WHEREAS, the Petitioner has agreed to waive any and all refunds from the Town and Town Special Districts based on the reduction of the 2023 Assessment; and WHEREAS, the assessed valuation of $8,100,000 shall also held pursuant to RTL 727 and will not be subject to challenge for three years following this settlement; and WHEREAS, the Town Assessor and Town Counsel have recommended that the Town Board accept the settlement proposal as set forth above. NOW, THEREFORE, BE IT RESOLVED, as follows: 1. The Town Board hereby approves and ratifies the settlement of the above-described proceeding as recommended by the Town Assessor. 2. The Town Board hereby authorizes the Town Supervisor, Hogan, Rossi & Liguori, as Town Attorney, and/or the Town Assessor to execute any and all documents necessary to give effect to this resolution. The foregoing was put to a vote which resulted as follows: RESULT: ADOPTED [UNANIMOUS] MOVER: Al Casella, Councilman SECONDER: Christopher Phillips, Councilman AYES: Cavaccini, Beale, Bettina, Phillips, Casella Dated: Wappingers Falls, New York 9/9/2024 The Resolution is hereby duly declared Adopted. JOSEPH P. PAOLONI, TOWN CLERK PRESENT: At an IAS Term of the Supreme Court of the State of New York held in and for the County of Dutchess, at the courthouse thereof located in Poughkeepsie, New York. HON. JAMES V. BRANDS, J. H. O. Justice. ---------------------------------------------------------------------------X In the Matter of the Application of L&M WAPPINGERS FALLS HOUSING DEVELOPMENT FUND CORPORATION, CONSENT JUDGMENT Petitioner, Index Nos. - against - 52279123 THE ASSESSOR OF THE TOWN OF WAPPINGER, 52807/24 THE BOARD OF REVIEW OF THE TOWN OF WAPPINGER and TOWN OFWAPPINGER, Respondents, For Review Under Article 7 of the RPTL. --------------------------------------------------------------------- -X The above Petitioner having heretofore filed and served the Notices and Petitions to review the tax assessments fixed by the Town of Wappinger for the 2023 and 2024 assessment years upon certain real property located at 62-72 Imperial Blvd., Town of Wappinger, and designated as parcel 6158-19-646130-0000 on the Official Assessment Map of the Town of Wappinger, and The issues of these proceedings having duly come on for trial at an IAS Term of this Court, and the Petitioner having appeared by WILLIAM E. SULZER, ESQ., of Griffin, Coogan, Sulzer & Horgan, P.C., and the Respondents having appeared by BRENDAN LIBERATI, ESQ., of Hogan, Rossi & Liguori, and the parties having made their settlement, it is ORDERED, ADJUDGED, AND DECREED, that the assessments be and the same are hereby reduced, corrected, and fixed for the assessment years as follows: Assess. Assessed Valuation Amount of Year Reduced From Reduced To Reduction 2023 10,193,000 2024 11,212,300 and so reduced and confirmed, it is further 9,200,000 933,000 8,000,000 3,212,300 ORDERED, ADJUDGED, AND DECREED, that the officer or officers having custody of the assessment rolls upon which the above-mentioned assessments and any taxes levied thereon are entered shall correct the said entries in conformity with this Order and shall note upon the margin of said rolls, opposite of said entries, that the same have been corrected by the authority of this order, and it is further ORDERED, ADJUDGED, AND DECREED, that there shall be audited, allowed, and paid to the Petitioner by the WAPPINGERS CENTRAL SCHOOL DISTRICT the amount of all School and/ or library taxes, paid by the Petitioner as taxes against the said erroneous assessments in excess of what the taxes would have been if the said assessments made in the aforesaid years had been determined by this Order, together 2 with interest thereon from the date of payment thereof as provided by statute, and it is further ORDERED, ADJUDGED AND DECREED, that the COMMISSIONER OF FINANCE, COUNTY OF DUTCH ESS, State of New York, be and are hereby directed and authorized to audit, allow, and pay to the Petitioner the amount, if any of all ad valorem, State, County, Judiciary, Refuse, Sewer, Water, Library taxes and all other ad valorem taxes paid, together with the proportionate share of any interest or penalty paid by reason of delinquent payment of said excess taxes, paid by the Petitioner as taxes against the erroneous assessments in excess of what the taxes would have been if the said assessments had been determined by this Order, together with interest thereon from the date of payment thereof as provided by statute, and it is further ORDERED, ADJUDGED, AND DECREED, that there shall be audited, allowed, and paid to the Petitioner by the VILLAGE OF WAPPINGERS FALLS the amount of Village taxes, paid by the Petitioner as taxes against the said erroneous assessment in excess of what the taxes would have been if the said assessment made in the aforesaid years had been determined by this Order, together with interest thereon from the date of payment thereof as provided by statute, and it is further ORDERED, ADJUDGED AND DECREED, that Petitioner hereby waives the right to all refunds of Town and Town Special District taxes as it relates to the 2023 assessment year, if any, against the original assessments, in excess of what said taxes 3 would have been if said assessments had been made as determined, and it is further, ORDERED, ADJUDGED, AND DECREED, that all tax refunds are to be paid with interest pursuant to §726 of the Real Property Tax Law of the State of New York; provided, however, interest shall be waived in the event that payment is made within sixty (60) days from the date of service of this Order with notice of entry upon the respective taxing authorities, and it is further ORDERED, ADJUDGED AND DECREED, that the provisions of Real Property Tax Law §727 shall be applicable in all respects with regard to the terms of the settlement of these proceedings, and it is further ORDERED, ADJUDGED, AND DECREED, that all tax refunds hereinabove directed to be made by Respondent, be made by check or draft payable to the order of GRIFFIN, COOGAN, SULZER & HORGAN, P.C., as attorneys for the Petitioner, who are to hold the proceeds as trust funds for appropriate distribution, and who are to remain subject to the further j urisd iction of this Court in regard to their attorney's lien, pursuant to Judiciary Law §475 and it is further ORDERED, ADJUDGED, AND DECREED, that this Order hereby constitutes and represents the full settlement of each of the tax review proceedings herein, that there are no costs or allowances awarded to, by, or against any of the parties, and that upon compliance with the terms of this Order, the above -entitled proceedings be 4 and the same are settled and discontinued. Dated: ENTER, HON. JAMES V. BRANDS, J.H.O. SIGNING AND ENTRY OF THE WITHIN ORDER IS HEREBY CONSENTED TO: BRENDAN LIBERATI, ESQ Hogan, Rossi & Liguori Attorneys for Respondents 3 Starr Ridge Road, Suite 200 Brewster, New York 10509 (845) 279-2986 b I iberati@ h rl lawyers. corn WILLIAM E. SULZER, ESQ. Griffin, Coogan, Sulzer & Horgan, P.C. Attorneys for Petitioner 51 Pondfield Road Bronxville, New York 10708 (914) 961-1300 wes@gcshlaw.com 5