Board of Education Regular Business Meeting/Public Budget Hearing/Safety Plan Hearing
School Board Attachment 2023.05.02

GOAL Investments Tax Settlement.pdf

May 2, 2023 · 4 min read · extracted text · View original

WEBSTER CENTRAL SCHOOL DISTRICT Brian Neenan Superintendent Brian_Neenan@webstercsd.org (585) 216-0001 Erin Land Assistant Superintendent for Instruction Erin_Land@webstercsd.org (585) 216-0130

David Swinson Assistant Superintendent for Administration and Human Resources David_Swinson@webstercsd.org (585) 216-0011 Brian Freeman Assistant Superintendent for Business Brian_Freeman@webstercsd.org (585) 216-0017

To

Brian Neenan,Superintendent From: Brian Freeman, Assistant Superintendent for Business Re: GOAL Investments Tax Certiorari Cc: Board of Education Date: 4/20/2023 The property is located at 1170 Ridge Road in the town of Webster. This case dates for the fiscal years 2019-20, 2020-21, 2021-22, and 2022-23 school tax years. The property is currently assessed at $2,342,600 for those tax years. The petitioners were looking to reduce the value of the property to $1,777,586, $1,777,586, $1,650,000, and $1,800,000 respectively. The potential refund exposure to the district totaled $62,517 for all four years. The petitioner has agreed to discontinue all proceedings for reduced assessments as follows: 2019-20 -$2,000,000, 2020-21 - $1,777,600, 2021-22 - $1,650,000, and 2022-23 - $1,800,000. Below you will find a resolution prepared by our school attorney for the proposed settlement. The total exposure mitigated to the district under this settlement agreement totals $5,681. The district will pay refunds for the four years totaling $56,836. In addition, the property was recently sold in 2021 for a market value of $1,800,000. Based on this information, the opinion of our school attorney in conjunction with the Town of Webster attorney, it is recommended that the Board of Education approve the attached resolution to settle the tax certiorari proceedings. This will require a general vote of the majority of the board of education. Please let me know if you have any additional questions. Thank you.

Cc

Katherine E. Gavett, Esq. Lori Schreiber, Treasurer

ADMINISTRATIVE OFFICE

119 South Avenue, Webster, New York 14580 Main Switchboard: (585) 265-3600 • Fax Machine: (585) 265-6561 • Web Site: www.websterschools.org

RESOLUTION At a Regular Meeting of the Board of Education of the Webster Central School District (the “Board of Education”), held on May 2, 2023; The meeting was called to order by the President of the Board of Education, and upon roll being called, the following members were: PRESENT: ABSENT: OTHERS ALSO PRESENT: The following Resolution was offered by ____________________________, and seconded by ________________________________________. WHEREAS, Goal Investments, Inc. (“Goal Investments”) filed tax certiorari petitions challenging the assessment of its property located at 1170 Ridge Road (Tax Map Parcel No. 080.09-3-1.31) in the Town of Webster for the 2019-20, 2020-21, 2021-22, and 2022-23 tax years; and WHEREAS, First Berkshire has proposed settlement of the proceedings upon the following terms: a. b. c. d.

Reduce the 2019-20 assessment to $2,000,000; Reduce the 2020-21 assessment to $1,777,600; Reduce the 2021-22 assessment to $1,650,000; and Reduce the 2022-23 assessment to $1,800,000.

WHEREAS, the Board of Education is willing to settle the proceedings pursuant to the terms outlined above. NOW, THEREFORE, BE IT RESOLVED that: 1. The Board of Education agrees to settle the tax certiorari proceedings commenced by Goal Investments in accordance with the terms set forth above and in the form approved by Ferrara Fiorenza PC and hereby delegates to Ferrara Fiorenza PC the authority to execute such settlement documents. 2.

This Resolution shall take effect immediately.

The question of the adoption of the foregoing Resolution was duly put to a vote, which resulted as follows: AYES: _____________________ NAYS: _______________________ The Resolution was thereupon declared adopted. Dated: _____________

____________________________________ Webster Central School District Cynthia Cushman, District Clerk

ADMINISTRATIVE OFFICE

119 South Avenue, Webster, New York 14580 Main Switchboard: (585) 265-3600 • Fax Machine: (585) 265-6561 • Web Site: www.websterschools.org

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