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Resolution Authorizing Settlement of Article 7 Proceeding with 25 Old Farm Development, LLC

↑Meetings/Resolutions/17-2021
One-time (complete)formal_resolutionone_timeThe Town Board authorizes settlement of an Article 7 real property tax law proceeding with 25 Old Farm Development, LLC, reducing assessments on three parcels totaling $809,000 in reductions.
First seen
2021-02-24
Latest event
2021-02-24
adopted
Expires
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Resolution text

RESOLVED

  1. The Town Board does hereby agree to the settlement and to the entry of the consent judgment for reduction of assessment for Petitioner on the terms and conditions set forth herein
  2. The Assessor, the Receiver of Taxes, and the Town's other officers, employees and agents are hereby authorized and directed for, and in the name and on behalf of the Town, to carry out the provisions of the consent judgment
  3. Rodenhausen Chale & Polidoro LLP as Attorneys for the Town are authorized to execute such documents as may be necessary to effectuate this resolution
Show preamble — 3 WHEREAS clauses
  • WHEREAS, 25 Old Farm Development, LLC ("Petitioner"), with real property located in the Town of Red Hook, commenced proceedings pursuant to Article 7 of the Real Property Tax Law challenging the assessment on property located in the Town of Red Hook, Dutchess County, New York and designated as 6272-13-168311, 6272-13-168314, and 6272-13-169308 on the Official Assessment Map of the Town of Red Hook for the 2020 assessment roll
  • WHEREAS, the parties have agreed to settle the proceedings whereby the assessment on the parcels which are the subject of the proceedings will be reduced, corrected and fixed for the 2020 tax assessment roll
  • WHEREAS, a proposed consent order and judgment has been presented to the Town of Red Hook for reduction of the assessment as follows: Tax Map No. 6272-13-168311: 2020 – from $450,000 to $200,000 for a total reduction of $250,000; Tax Map No. 6272-13-168314: 2020 – from $450,000 to $200,000 for a total reduction of $250,000; and Tax Map No. 6272-13-169308: 2020 – from $509,000 to $200,000 for a total reduction of $309,000, which consent order and judgement provides that tax refunds are waived for the amount, if any, paid by Petitioners as taxes on the original 2021 Town taxes, and which consent judgment further provides that the parties acknowledge there has been a physical change (improvement) to the properties since the March 1, 2020 taxable status date

Lifecycle (1 event)

2021-02-24adoptedvote: unanimous
Adopt Resolution 17-2021 authorizing settlement of Article 7 tax assessment proceeding with 25 Old Farm Development, LLC.
moved by McKeon · seconded by O'Neill
Show text snapshot for this event
Resolved
  1. The Town Board does hereby agree to the settlement and to the entry of the consent judgment for reduction of assessment for Petitioner on the terms and conditions set forth herein
  2. The Assessor, the Receiver of Taxes, and the Town's other officers, employees and agents are hereby authorized and directed for, and in the name and on behalf of the Town, to carry out the provisions of the consent judgment
  3. Rodenhausen Chale & Polidoro LLP as Attorneys for the Town are authorized to execute such documents as may be necessary to effectuate this resolution
Whereas
  • WHEREAS, 25 Old Farm Development, LLC ("Petitioner"), with real property located in the Town of Red Hook, commenced proceedings pursuant to Article 7 of the Real Property Tax Law challenging the assessment on property located in the Town of Red Hook, Dutchess County, New York and designated as 6272-13-168311, 6272-13-168314, and 6272-13-169308 on the Official Assessment Map of the Town of Red Hook for the 2020 assessment roll
  • WHEREAS, the parties have agreed to settle the proceedings whereby the assessment on the parcels which are the subject of the proceedings will be reduced, corrected and fixed for the 2020 tax assessment roll
  • WHEREAS, a proposed consent order and judgment has been presented to the Town of Red Hook for reduction of the assessment as follows: Tax Map No. 6272-13-168311: 2020 – from $450,000 to $200,000 for a total reduction of $250,000; Tax Map No. 6272-13-168314: 2020 – from $450,000 to $200,000 for a total reduction of $250,000; and Tax Map No. 6272-13-169308: 2020 – from $509,000 to $200,000 for a total reduction of $309,000, which consent order and judgement provides that tax refunds are waived for the amount, if any, paid by Petitioners as taxes on the original 2021 Town taxes, and which consent judgment further provides that the parties acknowledge there has been a physical change (improvement) to the properties since the March 1, 2020 taxable status date
Subject key: tax_assessment_settlement_25_old_farm