HSBC Bank USA
Leonard Klein
Arthur l. Gellert
Stephen E. Ehlers
John A Geoghegan
Lillian S. Weigert
James M. Fedorchak
Scott L. Volkman
David R. Wise'
Roderick 1. Macleod
Bevin S. Harrington
Kelly L. Traver'
Daniel H. Stock
Pamela B. Richardson .t.
laura E. Vincenzi
.. Gellert & Klein, P.c.
IIIiIa Attorneys at Law
75 Washington Street. Poughkeepsie, NY 12601
(845) 454-3250
(845) 454-4652 fax
Counsel
S. Nina Gellert
Raina E. Maissel 0
Senator Stephen M. Saland
Robert C Vincent, Jr
Westchester office
3010 Westchester Avenue Suite 302
Purchase, NY 10577
(914) 249-0100
(914) 249-0111 fax
Joseph H. Gellert
(1907-1989)
www.gklaw.us
August 5, 2009
'Also Admitted in CT
.t.Also Admitted in NJ
oAlso Admitted in England
Town Board
Town of Wappinger
20 Middlebush Road
Wappingers Falls, NY 12590
HECE/VEu
AUG 1 2 2009
7-""1111I" ,
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HSBC Bank USA vs. Town of Wappinger
Our File No.: 27036.0929
Re:
Dear Supervisor Colsey and Town Board Members:
Please be advised that the above referenced proceeding is a tax certiorari matter for the
tax years 2001 through 2009. With the assistance of the Assessor and the Town Appraisal
Consultant we have negotiated a settlement of the above referenced proceeding. There is no
reduction for any of the years at issue. The Court ordered appraisal exchange date is December
7,2009, and the trial is scheduled to commence on January 21, 2010.
I enclose herewith a Resolution for your consideration at the August 10, 2009, Town
Board meeting. Your consideration at that time, would be greatly appreciated.
---
SLV/br
Ene.
cc: Christian Harkins, Assessor
Loretta Brunello, Deputy Assessor
Chris Masterson, Town Clerk
F:\USER\clients\W\Wappinger - Town\Tax Certs\HSBC Bank\8-5-091tr to TB w resolution.wpd
TOWN OF WAPPINGER
TOWN BOARD RESOLUTION
WHEREAS, there is now pending in the Dutchess County Supreme Court tax
certiorari proceedings commenced in 2001,2002,2003,2004,2005,2006,2007,2008 and 2009
by HSBC BANK USA, NATIONAL ASSOCIATION, regarding premises located at, 1555 Route
9, Wappingers Falls, New York seeking a reduction in the 2001 through 2009 tax assessment for
the respective tax roll; and
WHEREAS, the Town Assessor and Special Counsel recommend a settlement on this
tax review proceeding; now, therefore be it
RESOLVED, that the Town Board of the Town of Wappinger hereby does not approve
a reduction to the assessment on behalf of the Town of Wappinger of the tax review proceeding
for the years 2001 through 2009, as it pertains to Grid #'s 6158-19-532136-0001, 6158-19-
532136-0000,6158-1952150-0001 and 6158-19-527150-0000, as follows:
Grid No.: 6158-19-532136-0001
Tax Year
2001
2002
2003
2004
2005
2006
2007
Original
Assessment
420,000
420,000
420,000
420,000
420,000
420,000
1,200,000
Revised
Assessment
420,000
420,000
420,000
420,000
420,000
420,000
1,200,000
Reduction
o
o
o
o
o
o
o
Grid No.: 6158-19-532136-0000
Tax Year
2007
Original
Assessment
300,000
Revised
Assessment
300,000
Reduction
o
...
Grid No.: 6158-19-527150-0001
Tax Year
2008
2009
Original
Assessment
1,200,000
1,200,000
Revised
Assessment
1,200,000
1,200,000
Reduction
o
o
Grid No.: 6158-19-527150-0000
Tax Year
2008
2009
Original
Assessment
2,850,000
2,850,000
Revised
Assessment
2,850,000
2,850,000
Reduction
o
o
: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.
Dated: August 10, 2009