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Settlement lowers Browns Falls Dam assessment, trims Clifton's tax share by about $6,800
Summary
The Town reported a settlement reducing Erie Boulevard Hydro's Browns Falls Dam assessment from $5,323,000 to $3,724,000 for five years; the board was told this lowers the Town's tax share by an estimated $6,800 and provides no retroactive refunds.
Supervisor William Griffin told the board that the assessment lawsuit involving Erie Boulevard Hydro (the Browns Falls Dam) has been settled among the Town, the school district, and Erie Boulevard Hydro.
Under the settlement, the prior assessment of $5,323,000 will be reduced to $3,724,000 for the next five years; the settlement does not include retroactive refunds. The Supervisor said the change is estimated to lower the Town of Clifton’s share of taxes by approximately $6,800. The transcript notes the settlement was completed through the court and "must be accepted as final."
Board members did not record additional motions on the settlement in the minutes beyond the Supervisor’s summary. The meeting record does not include the settlement documents, taxable valuation adjustments, or the exact method used to calculate the Town’s $6,800 reduction; those items are expected to appear in formal settlement paperwork and tax-roll updates.
