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2010-2702010-270 Resolution Authorizing the Settlement of Tax Certiorari Regarding Alpine Improvements, LLC, Stop & Shop, Inc., and BJ's Whole Sale Club, Inc. 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 13, 2010. The meeting was called to order by Christopher Colsey, Supervisor, and upon roll being called, the following were present: PRESENT: Supervisor - Christopher J. Colsey Councilmembers - William H. Beale (Departed 8:28 PM) Vincent F. Bettina Ismay Czarniecki Joseph P. Paoloni ABSENT: The following Resolution was introduced by Councilman Bettina and seconded by Councilwoman Czarniecki. WHEREAS, there is now pending in the Dutchess County Supreme Court tax certiorari proceedings commenced in 2007, 2008, 2009 and 2010 by Alpine Improvements, LLC, regarding Grid No. 6157-02-707773, located at 1404 Route 9, in the Town of Wappinger, commonly known as Alpine Commons Shopping Center, seeking a reduction in the 2007, 2008, 2009 and 2010 tax assessment for those respective tax rolls; and WHEREAS, there is also pending proceedings commenced by the tenant Stop & Shop, Inc., and BJ's Wholesale Club, Inc. for the years 2005, 2006, 2007, 2008, 2009 and 2010; and WHEREAS, the Town Assessor and Special Counsel have recommended a settlement on 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 Alpine Improvement, Inc., tax review proceeding and Stop & Shop /BJ's Wholesale tax review proceedings, for the years 2005, 2006, 2007, 2008, 2009 and 2010, as it pertains to Grid No.6157-02-707773, as follows: Grid No.: 6157-02-707773 Tax Year Original Total Assessment Revised Total Assessment Reduction 2005 9,200,000 9,200,000 -0- 2006 9,200,000 9,200,000 -0- 2007 34,000,000 27,200,000 6,800,000 2008 34,000,000 27,200,000 6,800,000 2009 34,000,000 27,200,000 6,800,000 2010 34,000,000 25,500,000 8,500,000 :and BE IT FURTHER RESOLVED, that the Stop & Shop/BJ's proceedings should be discontinued as a condition of the settlement; and 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 ISMAY CZARNIECKI, COUNCILWOMAN Voting: AYE JOSEPH P. PAOLONI, COUNCILMAN Voting: AYE Dated: Wappingers Falls, New York 9/13/2010 The Resolution is hereby duly declared adopted. JOHN C. MASTERSON, TOWN CLERK Gellert & Klein, P.C. Leonard Klein Arthur L. Gellert Stephen E. Ehlers John A. Geoghegan Lillian S. Weigert Scott L. Volkman David R. Wise' Roderick J. MacLeod Bevin S. Harrington Kelly L. Traver' Robert E. Noe Pamela B. Richardson • (914) 249-0100 (518) 329-1533 tel/fax Elizabeth M. Corrado Town Board Town of Wappinger 20 Middlebush Road Wappingers Falls, NY 12590 Attorneys at Law Counsel 75 Washington Street • Poughkeepsie, NY 12601 S. Nina Gellert (845) 454-3250 Raina E. Maissel0 (845) 454 4652 fax Justice George D. Marlow Appellate Division (Ret.) Senator Stephen M. Saland Robert C. Vincent, Jr. Westchester County Office Columbia County Office 3010 Westchester Avenue Suite 302 2210 Route 7 Joseph H. Gellert Purchase, NY 10577 Copake, NY 12516 (1907-1989) 10 14) Re: Alpine Improvements vs. Town of Wappinger Stop & ShopBJ's vs. Town of Wappinger Grid No.: 6157-02-707773 Our File No.: 27036.1629 Dear Supervisor Colsey and Town Board Members: Please be advised that the above referenced proceeding is a tax certiorari matter for the tax years of 2005, 2006, 2007, 2008, 2009 and 2010. The Assessor has negotiated a settlement of the above referenced proceeding by reducing the assessment from $34,000,000 to $27,200,000 for 2007 through 2009 and $25,500,000 for 2010. Since we have a 100% equalization rate that reflects fair market value. There are no reductions for 2005 and 2006. The Assessor will provide you with a recommendation and a analysis for your consideration. Additionally, refunds will be payable without interest if paid within 60 days. I enclose herewith a Resolution for your consideration at the September 13, 2010. Town Board meeting. Your consideration at that time, would be greatly appreciated. Very truly yours, SLV/br Enc. cc: Christian Harkins, Assessor Chris Masterson, Town Clerk Loretta Brunello, Deputy Assessor FAUSER\clients\W\Wappinger - Town\Tax Certs\Alpine\9-7-10 Itr to Town Board w settlement docs.wpd 249-01 1 1 fax 'Also Admitted in CT WWW.gkIc1W.U5 Also Admitted in NJ OAlso Admitted in England September 7, 2010 Re: Alpine Improvements vs. Town of Wappinger Stop & ShopBJ's vs. Town of Wappinger Grid No.: 6157-02-707773 Our File No.: 27036.1629 Dear Supervisor Colsey and Town Board Members: Please be advised that the above referenced proceeding is a tax certiorari matter for the tax years of 2005, 2006, 2007, 2008, 2009 and 2010. The Assessor has negotiated a settlement of the above referenced proceeding by reducing the assessment from $34,000,000 to $27,200,000 for 2007 through 2009 and $25,500,000 for 2010. Since we have a 100% equalization rate that reflects fair market value. There are no reductions for 2005 and 2006. The Assessor will provide you with a recommendation and a analysis for your consideration. Additionally, refunds will be payable without interest if paid within 60 days. I enclose herewith a Resolution for your consideration at the September 13, 2010. Town Board meeting. Your consideration at that time, would be greatly appreciated. Very truly yours, SLV/br Enc. cc: Christian Harkins, Assessor Chris Masterson, Town Clerk Loretta Brunello, Deputy Assessor FAUSER\clients\W\Wappinger - Town\Tax Certs\Alpine\9-7-10 Itr to Town Board w settlement docs.wpd