MATTER OF ANITEC IMAGE CORP. v. ASSESSOR OF THE CITY OF BINGHAMTON


109 A.D.2d 962 (1985)

In the Matter of Anitec Image Corporation, Respondent-Appellant, v. Assessor of the City of Binghamton et al., Appellants-Respondents

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

March 14, 1985


Casey, J.

Following extended negotiations, petitioner purchased the worldwide graphic arts division of GAF Corporation in August 1981. Included in the assets purchased by petitioner were certain production facilities located in the City of Binghamton, consisting of approximately 40 acres of land and some 48 buildings. Out of a total purchase price in excess of $15,000,000, petitioner and GAF Corporation allocated $3,824,000 to the Binghamton facilities...

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