Red Hook WatchIndependent Community Resource

Resolution Authorizing Settlement of Article 7 Proceeding Lyceum Six Partners

↑Meetings/Resolutions/73-2024
One-time (complete)formal_resolutionone_timeThe Town Board agreed to settle the tax assessment challenge by Lyceum Six Partners for property at 15 Old Farm Road, reducing assessments for 2023 and 2024 by $336,000 and $469,640 respectively.
First seen
2024-08-13
Latest event
2024-08-13
adopted
Expires
—

Resolution text

RESOLVED

  1. The Town Board does hereby agree to the settlement and to the entry of the stipulated final 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, Lyceum Six Partners ("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 134889-6272-00-220253-0000 (15 Old Farm Road) on the Official Assessment Map of the Town of Red Hook for the 2021, 2022, 2023 and 2024 assessment rolls and filed a grievance challenging the 2021, 2022, 2023, and 2024 tentative assessment rolls; and
  • WHEREAS, the parties have proposed 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 2021, 2022, 2023 and 2024 tax assessment rolls; and
  • WHEREAS, a proposed stipulated final judgment has been presented to the Town of Red Hook for reduction of the assessment, as follows: Tax Map No. 134889-6272-00-220253-0000 with assessment reductions of $0 (2021), $0 (2022), $336,000 (2023), and $469,640 (2024).

Lifecycle (1 event)

2024-08-13adoptedvote: 4-1
Authorize settlement of Article 7 tax assessment proceeding for Lyceum Six Partners.
moved by Hamel · seconded by Kane
Show text snapshot for this event
Resolved
  1. The Town Board does hereby agree to the settlement and to the entry of the stipulated final 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, Lyceum Six Partners ("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 134889-6272-00-220253-0000 (15 Old Farm Road) on the Official Assessment Map of the Town of Red Hook for the 2021, 2022, 2023 and 2024 assessment rolls and filed a grievance challenging the 2021, 2022, 2023, and 2024 tentative assessment rolls; and
  • WHEREAS, the parties have proposed 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 2021, 2022, 2023 and 2024 tax assessment rolls; and
  • WHEREAS, a proposed stipulated final judgment has been presented to the Town of Red Hook for reduction of the assessment, as follows: Tax Map No. 134889-6272-00-220253-0000 with assessment reductions of $0 (2021), $0 (2022), $336,000 (2023), and $469,640 (2024).
Subject key: lyceum_six_partners_tax_settlement