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MATTER OF PARKWAY ASSOCS. v. BD. OF ASSESSORS

202 A.D.2d 431 (1994)

608 N.Y.S.2d 529

In the Matter of Parkway Associates, Appellant, v. Board of Assessors et al., Respondents

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

March 7, 1994

Ordered that the judgment is affirmed, with costs.

RPTL 485-b (7), in pertinent part, provides: "[A] school district * * * may, by resolution, reduce the per centum of exemption otherwise allowed pursuant to this section; provided, however, that a project in course of construction * * * prior in time to passage of any such * * * resolution shall not be subject to any such reduction so effected."

In the present case...

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