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2008-2441r im 2008-244 Resolution Authorizing Settlement of Wappinger Shopping Center Tax Certiorari 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 August 11, 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 (arrived at 7:07 PM) Vincent F. Bettina (departed at 9:32 PM) Joseph P. Paoloni Maureen McCarthy The following Resolution was introduced by Councilman Beale and seconded by Councilman Paoloni. WHEREAS, there are now pending in the Dutchess County Supreme Court tax certiorari proceeding commenced in 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007 and 2008 by Wappinger Shopping Center, LLC f/k/a Wappinger Associates, LLC f/k/a Wappinger Acquisition, L.P., regarding premises known as Hannaford Plaza, located at 1486- 1506 Route 9, Grid # 6157-02-653974, seeking a reduction in the 1996 though 2008 tax assessment for those respective tax rolls; and WHEREAS, the Town Assessor and Special Counsel have recommend a settlement on this tax review proceeding; 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 through 2008, as it pertains to Grid No.: 6157-02-653974 as follows: Original Revised Tax Year Assessment Assessment Reduction 1996 4,900,000 4,900,000 -0- 1997 4,900,000 4,900,000 -0- 1998 4,900,000 4,900,000 -0- 1999 4,900,000 4,900,000 -0- 2000 4,900,000 4,900,000 -0- 2001 4,900,000 4,900,000 -0- 2002 4,900,000 4,900,000 -0- 2003 4,900,000 4,900,000 -0- 2004 4,900,000 4,532,990 367,010 2005 4,900,000 4,337,970 562,030 2006 4,900,000 4,115,020 784,980 2007 17,150,000 12,600,000 4,550,000 2008 17,150,000 12,600,000 4,550,000 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 Voting: AYE WILLIAM H. BEALE, COUNCILMAN Voting: AYE VINCENT F. BETTINA, COUNCILMAN Voting: AYE MAUREEN McCARTHY, COUNCILWOMAN Voting: ABSENT JOSEPH P. PAOLONI, COUNCILMAN Voting: AYE Dated: Wappingers Falls, New York 8/11/2008 =j The Resolution is hereby duly declared adopted. HNC. STERSON, TOWN CLERK