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Board authorizes mayor to settle three tax-assessment cases with CVS, Target and Torrington property owners
Summary
The Board voted to authorize settlement agreements and stipulations for three pending tax-assessment cases (involving Connecticut CVS Pharmacy LLC; Target Corporation; and SL Torrington LLC / GG Torrington LLC). Members thanked the assessor and legal staff for work to avoid court.
The Board of Finance voted on July 21 to authorize the mayor to enter into settlement agreements and approve proposed stipulations in three pending tax-assessment suits against the City of Torrington. The cases named in the executive session motion were Connecticut CVS Pharmacy LLC v. City of Torrington (docket HHB-CV-25-6098270-S), Target Corporation v. City of Torrington (docket HHB-CV-25-6098268-S) and SL Torrington LLC and GG Torrington LLC v. City of Torrington (docket HHB-CV-25-6097410-S), all in New Britain Superior Court.
The Chair moved the settlement authorizations in open session after executive session; motions were moved, seconded and approved by voice vote for each case. Several members publicly thanked tax-assessor staff and the city’s legal team for efforts to resolve complex assessment issues, with the Chair noting that avoiding court is generally preferable for taxpayers.
