GLENS FALLS SCH. v. IDA


196 A.D.2d 334 (1994)

In the Matter of Glens Falls City School District, Appellant, v. City of Glens Falls Industrial Development Agency et al., Respondents

Appellate Division of the Supreme Court of the State of New York, Third Department.

April 7, 1994


Attorney(s) appearing for the Case

Bartlett, Pontiff, Stewart & Rhodes, P. C., Glens Falls (J. Lawrence Paltrowitz of counsel), for appellant.

FitzGerald Morris Baker Firth, P. C., Glens Falls (Peter A. Firth of counsel), for City of Glens Falls Industrial Development Agency, respondent.

Newell & Toomey (Ronald L. Newell, City Attorney of Glens Falls, of counsel), for City of Glens Falls, respondent.

MIKOLL, WEISS and PETERS, JJ., concur.


CARDONA, P. J.

In the 1980's respondent City of Glens Falls in Warren County, through its Urban Renewal Agency, acquired and improved certain real property to induce CB Sports to locate within the City. The project, which cost about $1.6 million, was funded by the issuance of Urban Renewal Agency bonds, payment of which was guaranteed by the City. The property was transferred to a subsidiary of the State Urban...

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