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2013-1182013-118 Resolution Authorizing the Settlement of the Tax Certiorari Proceeding Regarding Phantom Hollow Equities 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 Apri18, 2013. The meeting was called to order by Barbara Gutzler, Supervisor, and upon roll being called, the following were present: PRESENT: Supervisor Councilmembers ABSENT: Barbara Gutzler William H. Beale Vincent F. Bettina Ismay Czarniecki Michael Kuzmicz The following Resolution was introduced by Councilwoman Czarniecki and seconded by Councilman Kuzmicz. WHEREAS, there is now pending in the Dutchess County Supreme Court a tax certiorari proceeding commenced in 2010, 2011 and 2012 by Phantom Hollow Equities, Inc., regarding real property located at Eck Road, bearing Grid # 6257-03-071167-0000, Eck Road, bearing Grid # 6257-03-206277-0000 and Cedar Hill Road, bearing Grid # 6257-03-267342- 0000 seeking a reduction in the 2010, 2011 and 2012 tax assessments for their respective tax rolls; and WHEREAS, the Town Assessor and Special Counsel have recommended a settlement 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 2010, 2011 and 2012, as it pertains to Grid # 6257-03-071167-0000, Grid # 6257-03-206277-0000 and Grid # 6257-03-267342-0000: ~..;a +~ ti~c~_nz_mi ~ ~~_nnnn ~~~u ,~ ..~., , -,,., ., Tax Year Original Total Assessment Revised Total Assessment Reduction 2010/2011 250,000.00 162,000.00 88,000.00 2011/2012 250,000.00 162,000.00 88,000.00 2012/2013 250,000.00 150,000.00 100,000.00 r..:a +~ ~~~~_nz_~nti~~~_nnnn Tax YearOriginal Total AssessmentRevised Total AssessmentReducti on 2010/2011 175,000.00 130,000.00 45,000.00 2011/2012 175,000.00 130,000.00 45,000.00 2012/2013 175,000.00 127,000.00 48,000.00 r..;a +~ ~~c~_nz_~~~za~_nnnn vuu rr v~./ i -vr ~. Tax YearOriginal Total AssessmentRevised Total AssessmentReducti on 2010/2011 200,000.00 145,000.00 55,000.00 2011 /2012 200,000.00 145,000.00 55,000.00 2012/2013 200,000.00 132,000.00 68,000.00 and BE IT FURTHER RESOLVED, that the Town Supervisor, Town Assessor and Scott L. Volkman, Esq., 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: BARBARA GUTZLER, SUPERVISOR Voting: AYE WILLIAM H. BEALE, COUNCILMAN Voting: AYE VINCENT F. BETTINA, COUNCILMAN Voting: AYE ISMAY CZARNIECKI, COUNCILWOMAN Voting: AYE MICHAEL KUZMICZ, COUNCILMAN Voting: AYE Dated: Wappingers Falls, New York 4/8/2013 The Resolution is hereby duly declared adopted. STINE FULTON, TOWN CLERK