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2013-07-03Leonard Klein Counsel Arthur L. Gellert John A. Geoghegan Elizabeth M. Corrado Roderick J. MacLeod Stephen E. Ehlers Keith G. Ingber S. Nina Gellert Robert E. Noe Justice George D. Marlow Pamela B. Richardson' Appellate Division (Ret.) Senator Stephen M. Saland 'Also Admitted in NJ Lillian 5. Weigert Joseph H. Gellert (1907-1989) Gellert & K1ein,P.C Attorneys at Law 75 Washington Street • Poughkeepsie, NY 12601 (845) 454-3250 (845) 454-4652 fax Westchester County Office 3010 Westchester Avenue Suite 302 Purchase, NY 10577 (914) 249-0100 (914) 249-0111 fax www.gklaw.us July 3, 2013 Sedore & Company, CPA's, PC P.O. Box 918 Wappingers Falls, New York 12590 RE: Audit of Financial Statements of the Town of Wappinger, for the period of January 1, 2012 to December 31, 2012 Dear Sir/Madam: ` .~ JUL ft',3 Please accept this letter as a response to your annual audit of the Town of Wappinger. In connection with the examination of the books and records of the Town of Wappinger as of December 31, 2012 and in accordance with the request for the Town of Wappinger through their Town Supervisor, I submit the following which involves matters with respect to which we were engaged that existed as of December 31, 2012, and for the year then ended. This information is submitted with the caveat that matters and things contained herein are subject to all the privileges available between attorney and client and are further subject to all objections to produce, including the fact that they are work-product and/or in the alternative reflect the work product of counsel in connection with pending tax certioraris and litigation. The Town of Wappinger has been advised that the furnishing of the enclosed information might be considered as a waiver of the aforesaid privileges, notwithstanding which the Town of Wappinger has requested that we furnish the foregoing. During the year ending December 31, 2012, this firm was engaged in pending or threatened litigation involving the Town of Wappinger, and acted as Tax Certiorari Counsel, Labor Counsel and Conflict Counsel. Gellert & Klein, P.C. Attorneys at Law PENDING OR THREATENED LITIGATION BY OR AGAINST THE MUNICIPALITY The following is a list of tax certioraris that existed as of December 31, 2010, against the Town of Wappinger for which we were representing the Town. These cases were in various stages of litigation as of December 31, 2012, and may be still at this time. However, as of December 31, 2012, Scott L. Volkman, Esq., the primary attorney on these matters, is no longer with this firm. We recommend that you reach out to Mr. Volkman at Stenger, Roberts, Davis & Diamond, located at 1136 Route 9, Suite 2, Wappingers Falls, NY 12590, telephone number 845-236-5186, for an assessment of potential outcomes or to estimate the amount, and range, of potential loss to the Town of Wappinger in connection therewith. There is the potential for exposure of tax refund liability in each case. We believe the Town intends to vigorously defend the cases where appropriate or seek to settle cases where appropriate however, we recommend that you reach out to Mr. Volkman for confirmation. The pending cases are as follows: a. Tax Certioraris Bank of America Cross Court Associates Con Ed. Maloney Road, LLC Foundation of Chapel of Sacred Mirrors Wappinger RE, LLC Lafayette Lemle, LLC Porco Stanley DCH Imports, Inc. Lopane, Joseph ZVI Segal Longhitano Frosted Glass, LLC Dutchess Airport Realty, Inc. Imperial Improvements R&R Realty Associates NES Rentals PNL Newco, LLC Hansen Associates Airport Drive Properties, LLC Robert's Running Creek Mobile Home Park Foreclosure Sale, Inc. Route 376, LLC Millpond Management 1070-1072 Route 9, LLC Locust Tree Eckerd Corp. Progressive Casualty Insurance Home Depot Cranberry Hills Associates Dutchess Gardens Realty, LLC Garewal, Karen Phantom Hollow Equities DCH NY Motors, Inc. MHV Realty, LLC Segal Rental Associates, LLC 1032 Rt 9 Wappinger Falls Holding Hollowbrook Associates LLC Blue Chip Properties Alpine Improvements Wappinger Falls Owners Corp. 2345 LLC Widmer Properties, LLC Legal Ease Properties Rawls Leisure Living, Inc. Outback Steakhouse #3354 Neave, William & Kathleen Route 55 Property, LLC Myers Property, LLC DCH Investments, LLC Hark Kandr, LLC DBVan Properties North LLC F:\USER\CLIENTS~W\WAPPINGER- TOWN\TAX CERTSIFORMS\AUDIT LETTER 517-13 - SEDORE & COMPANY.WPD Gellert & Klein, P.C. Attorneys at Law b. List of Settled cases: Refund Liability: Scott L. Volkman, Esq. would have this information. The following non-tax certiorari related matters Town of Wappinger vs. Silver Fox Subdivision -Zoning Enforcement Town of Wappinger vs. Thomas Masch -Zoning Enforcement Town of Wappinger vs. Rag Properties, LTD. -Zoning Enforcement Town of Wappinger vs. RJA Holdings Inc. -Zoning Enforcement Town of Wappinger vs. Old Troy Corners Subdivision -Planning Board Town of Wappinger w/O'Donnell, Sean and John -Escrow matter The above cause no financial exposure to the Town General Labor issues* Highway Local 1000 Negotiations Local 445 Negotiations * Please note, labor matters are handled by David Wise who is no longer with this firm. You may contact Mr. Wise at Iseman, Cunningham, Reister and Hyde, 2649 South Road, Poughkeepsie, NY 12601 and phone number (845) 473-8100 to estimate the amount or for an assessment of potential outcome range of potential loss to the Town of Wappinger in connection therewith. UNASSERTED CLAIM AND ASSESSMENTS a. At this time it appears that there are no unasserted claims or assessments against the Town that I am familiar with or that this office has been retained to participate in. Be further advised that our legal fees have been paid when submitted. As of December 31, 2012, the amount indebted to our firm was $8,630.97. This response is limited by the ABA Statement of Policy regarding Lawyers' Response to Auditors' Request for Information (December 1975). Without limiting the generality of the foregoing, the limitations as set forth in such statement on the scope and use for this response (paragraphs "2" and "7") are specifically incorporated herein by reference, and any description herein to any "loss contingencies" is qualified in its entirety by paragraph "6" of the ABA Statement of Policy. This will confirm as correct the Town's understanding that whenever, in the course of performing legal services for the Town with respect to a matter recognized to involve an asserted possible claim or assessment that may call for financial statement disclosure, I have formed a professional conclusion that the Town must disclose or consider disclosure concerning such possible F:IUSER\CLIENTSW\WAPPINGER- TOWN\TAX CERTSIFORMS\AUDIT LETTER 517-13 - SEDORE & COMPANY.WPD Gellert & K1ein,p.C. Attorneys at Law claim or assessment. I, as a matter of professional responsibility to the Town, will so advise the Town and will consult with the Town concerning the question of such disclosure and the applicable requirements of Statement of Financial Accounting Standards No. 5. Yours very truly, GELLERT & KLEIN, P.C. BY: PBR\br F:\USER\CLIENTSW~WAPPINGER- TOWN\TAX CERTSIFORMS\AUDIT LETTER 517-13 - SEDORE & COMPANY.WPD