Document:

Exhibit 10.1

EXECUTION COPY

SETTLEMENT AGREEMENT

This SETTLEMENT AGREEMENT, dated as of the 13th day of December, 2006 (the “Agreement”) settles real property tax assessments and
litigation concerning the Bowline and Lovett electric generating facilities (and
certain properties adjacent thereto) and is by and among the TOWN OF HAVERSTRAW, a body corporate and politic existing
under the laws of the State of New York, with an office at 1 Rosman Road,
Garnerville, New York (“Haverstraw”),
the VILLAGE OF HAVERSTRAW, a body corporate
and politic existing under the laws of the State of New York, with an office at
40 New Main Street, Haverstraw, New York (“Haverstraw Village”),
the VILLAGE OF WEST HAVERSTRAW, a body
corporate and politic existing under the laws of the State of New York, with an
office at 130 Samsondale Ave, West Haverstraw, New York (“West
Haverstraw Village”), the HAVERSTRAW-STONY POINT
CENTRAL SCHOOL DISTRICT, a central school district of the State of
New York, with an office at 65 Chapel Street, Garnerville, New York (the “School District”), the COUNTY OF ROCKLAND,
a body corporate and politic existing under the laws of the State of New York,
with an office at 11 New Hempstead Road, New City, New York (the “County” and, collectively with Haverstraw, Haverstraw
Village, West Haverstraw Village, and the School District, the “Bowline Tax Jurisdictions”), the TOWN OF
STONY POINT, a body corporate and politic existing under the laws of
the State of New York, with an office at 74 East Main Street, Stony Point, New
York (“Stony Point”, and together with the
School District and the County, the “Lovett Tax Jurisdictions”)
(the Lovett Tax Jurisdictions and the Bowline Tax Jurisdictions are referred to
herein as the “Tax Jurisdictions”, or in the
singular, a “Tax Jurisdiction”), MIRANT BOWLINE, LLC, a limited liability company duly
organized and validly existing under the laws of the State of Delaware and
authorized to do business in the State of New York, with an office at 140
Samsondale Avenue, West Haverstraw, New York (“Mirant
Bowline”), MIRANT LOVETT, LLC,
a limited liability company duly organized and validly existing under the laws
of the State of Delaware and authorized to do business in the State of New
York, with an office at 37 Elm Street, Tompkins Cove, New York (“Mirant Lovett”), MIRANT NEW YORK, INC.,
a corporation duly organized and validly existing under the laws of the State
of Delaware, with an office at 140 Samsondale Avenue, West Haverstraw, New York
(“Mirant New York”), HUDSON
VALLEY GAS CORPORATION, a corporation duly organized and validly
existing under the laws of the State of New York, with an office at 140
Samsondale Avenue, West Haverstraw, New York (“HVG”,
and together with Mirant Bowline, Mirant Lovett, and Mirant New York, the “New York  Companies”, or
in the singular, a “New York Company”),
and MIRANT CORPORATION, a corporation duly
organized and validly existing under the laws of the State of Delaware, with an
office at 1155 Perimeter Center West, Atlanta, Georgia (“Mirant”
and, collectively with the New York Companies, the “Mirant
Parties”) (the Tax Jurisdictions and the Mirant Parties are referred
to herein as the “Parties”).

 

RECITALS:

A.            Bowline Facility Recitals

WHEREAS, Orange and Rockland
Utilities, Inc. (“O & R”)
commenced certain tax certiorari proceedings in the Supreme Court of the State
of New York, County of Rockland (the “New York  Court”), pursuant to Article 7 of the New York Real Property
Tax Law (“RPTL”) to review the assessments on
certain of its real properties located in Haverstraw as set forth on the 1995,
1996, 1997, and 1998 final assessment rolls of Haverstraw (the “1995 – 1998 Haverstraw Proceedings”); and

WHEREAS, Southern Energy
Bowline, LLC (which is now known as Mirant Bowline, LLC following a name
change) or its predecessor subsequently purchased from O & R some of the
property subject to the petitions in the 1995 –
1998 Haverstraw Proceedings, which properties are identified on Exhibit “A”
attached hereto, and are known commonly as the Bowline Electric Generating
Facility (the “Bowline Facility”); and

WHEREAS, by Order of the New
York Court dated November 10, 2000, Southern Energy Bowline, LLC was permitted
to intervene as a petitioner in the 1995 – 1998
Haverstraw Proceedings; and

WHEREAS, by Stipulation and
Order of the New York Court dated May 19, 2004, O & R’s claims
with respect to the assessments of its properties (transmission and
distribution properties) not identified on Exhibit “A” attached hereto were
severed from the 1995 – 1998
Haverstraw Proceedings and made the subject of separate proceedings that are
not the subject of this Agreement; and

WHEREAS, similar proceedings
in relation to the assessments of the Bowline Facility were commenced by
Southern Energy Bowline, LLC in connection with the 1999 and 2000 final
assessment rolls of Haverstraw (the “1999 – 2000 Haverstraw
Proceedings”); and

WHEREAS, Mirant Bowline and
Mirant New York represent that O & R no longer has an interest in the 1995 – 1998 Haverstraw Proceedings or the 1999 – 2000 Haverstraw Proceedings relating to the tax parcels
identified on Exhibit ”A” attached hereto; and

WHEREAS, similar proceedings
in relation to the assessments of the Bowline Facility were commenced by
certain of the New York Companies in connection with the 2001, 2002, and 2003
final assessment rolls of Haverstraw (the “2001 – 2003 Haverstraw
Proceedings”), and the 2004, 2005, and 2006 final assessment rolls
of Haverstraw (the “2004 – 2006 Haverstraw
Proceedings”); and

WHEREAS, by Decision and Order
of the New York Court dated November 24, 2004, Mirant Bowline was substituted
for Southern Energy Bowline, LLC in the 1999 –
2000 Haverstraw Proceedings, and further permitted to be added as a named
petitioner in the 2001 – 2003
Haverstraw Proceedings; and

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WHEREAS, by Stipulation and
Order of the New York Court, the 1995 – 1998
Haverstraw Proceedings, the 1999 – 2000
Haverstraw Proceedings and the 2001 – 2003
Haverstraw Proceedings (collectively, the “1995 – 2003 Haverstraw
Proceedings”) were joined for purposes of trial; and

WHEREAS, by order dated July
6, 2004, the New York Court dismissed on procedural grounds the portion of the
1995 – 1998 Haverstraw Proceedings
concerning the 1996 final assessment roll; and

WHEREAS, the 1995 – 2003 Haverstraw Proceedings have been fully tried; and

WHEREAS, the New York
Court issued a Decision and Order, dated August 11, 2006, and entered on August
16, 2006, regarding the 1995 – 2003 Haverstraw Proceedings
(excluding the 1996 final assessment roll of Haverstraw) (the “Haverstraw Decision”); and

WHEREAS, the New York Court issued a “Resettled
Order and Judgment,” dated September 18, 2006, and entered on September 21,
2006, regarding the 1995 – 2003 Haverstraw Proceedings (the “Haverstraw Resettled Order”); and

WHEREAS, the Bowline Tax Jurisdictions and
Mirant Bowline, Mirant New York and Mirant have reached agreement to: (a)
withdraw all pending appeals arising from or related to the 1995 –
2003 Haverstraw Proceedings, the Haverstraw Decision, and the Haverstraw
Resettled Order, (b) apply the revised 2003 assessed values determined for the
Bowline Facility in the Haverstraw Decision and the Haverstraw Resettled Order
to the 2004 and 2005 final assessment rolls of Haverstraw pursuant to
RPTL § 727, and (c) use the 2003 market value determined for the
Bowline Facility in the Haverstraw Decision and the Haverstraw Resettled Order
for purposes of the 2006 final assessment rolls for the Bowline Facility; and

B.            Lovett Facility Recitals

WHEREAS, Southern Energy
Lovett, LLC (which is now known as Mirant Lovett, LLC following a name change)
commenced certain tax certiorari proceedings in the New York Court pursuant to
Article 7 of the RPTL to review the assessments on certain of its real
properties, identified on Exhibit “B” attached hereto and collectively referred
to as the Lovett Electric Generating Facility (the “Lovett
Facility”), located in Stony Point as set forth on the 2000 final
assessment roll of Stony Point (the “2000 Stony Point
Proceeding”); and

WHEREAS, similar proceedings
in relation to the assessments of the Lovett Facility were commenced by certain
of the New York Companies in connection with the 2001, 2002, and 2003 final
assessment rolls of Stony Point (the “2001 – 2003 Stony Point
Proceedings”); and

WHEREAS, similar proceedings
in relation to the assessments of the Lovett Facility were commenced by certain
of the New York Companies in connection with the 2004, 2005, and 2006 final
assessment rolls of Stony Point (the “2004 – 2006 Stony Point
Proceedings”); and

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WHEREAS, by Decision and Order
of the New York Court dated May 16, 2005, Mirant Lovett was substituted for
Southern Energy Lovett, LLC in the 2000 Stony Point Proceeding, and further
permitted to be added as a named petitioner in the 2001 –
2003 Stony Point Proceedings; and

WHEREAS, by Stipulation and
Order of the New York Court, the 2000 Stony Point Proceeding and the 2001 – 2003 Stony Point Proceedings (together, the “2000 – 2003 Stony Point Proceedings”) were joined for
purposes of trial; and

WHEREAS, the 2000 – 2003 Stony Point Proceedings have been fully tried; and

WHEREAS, the New York
Court issued a Decision and Order, dated August 28, 2006, and entered on August
31, 2006, regarding the 2000 – 2003 Stony Point Proceedings (the “Stony Point Decision”); and

WHEREAS, the New York Court issued a “Resettled
Order and Judgment,” dated September 18, 2006, and entered on September 21,
2006, regarding the 2000 – 2003 Stony Point Proceedings (the “Stony Point Resettled Order”); and

WHEREAS, the Lovett Tax Jurisdictions and
Mirant Lovett, Mirant New York and Mirant have reached agreement to withdraw
all pending appeals arising from or related to the 2000 – 2003 Stony Point
Proceedings, the Stony Point Decision, and the Stony Point Resettled Order, and
apply the assessed values determined for the Lovett Facility in the Stony Point
Decision and the Stony Point Resettled Order to the 2004, 2005, and 2006 final
assessment rolls of Stony Point pursuant to RPTL § 727; and

C.            Hudson Valley Gas Recitals

WHEREAS, HVG is the owner of a twenty-four inch
natural gas pipeline (“HVG Property”),
as more fully identified on Exhibit “C”; and

WHEREAS, certain of the New York Companies challenged
the assessments of the HVG Property relative to the Haverstraw 2003 final
assessment roll, as part of the 2003 Haverstraw Proceeding; and

WHEREAS, the Bowline Tax Jurisdictions and certain of
the New York Companies agreed to dismiss the challenge of said assessments on
the HVG Property at the trial of the 1995-2003 Haverstraw Proceedings; and

WHEREAS, certain of the New York Companies challenged
the assessments of the HVG Property relative to the Haverstraw 2004, 2005, and
2006 final assessment rolls, as part of the 2004 – 2006 Haverstraw Proceedings, and those
challenges remain unresolved; and

WHEREAS, the Bowline Tax Jurisdictions and
Mirant Bowline, Mirant New York, HVG, and Mirant have reached agreement for the
2004, 2005, and 2006 final assessment rolls of Haverstraw for the HVG Property; and

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D.            Village Recitals

WHEREAS, O & R commenced
similar tax certiorari proceedings in the New York Court to review the
assessments on certain of its real properties located in West Haverstraw
Village as set forth on the 1996, 1997, 1998 and 1999 final assessment rolls of
West Haverstraw Village (the “1996 – 1999 West
Haverstraw Village Proceedings”); and

WHEREAS, Southern Energy
Bowline, LLC or its predecessor subsequently purchased from O & R the
property that was the subject of the petitions in the 1996 –
1999 West Haverstraw Village Proceedings, which property is identified in
Exhibit “A” attached hereto as tax map parcel number 600.00-324; and

WHEREAS, Mirant Bowline
represents that O & R no longer has an interest in the 1996 – 1999 West Haverstraw Village Proceedings relating to the
tax parcels (in whole or in part) identified on Exhibit “A”; and

WHEREAS, tax certiorari
proceedings were commenced by Mirant New York in the New York Court to review
the assessments on certain of its real properties located in West Haverstraw
Village as set forth on the 2001 and 2002 final assessment rolls of West
Haverstraw Village (the “2001 – 2002 West
Haverstraw Village Proceedings” and together with the 1996 – 1999 West Haverstraw Village Proceedings, the “West Haverstraw Village Proceedings”); and

WHEREAS, in the year 2002, West
Haverstraw Village ceased to be an assessing unit and became a levying unit
only, thereafter applying the prior year final assessment rolls of Haverstraw
to levy its taxes; and

WHEREAS, certain of the New
York Companies commenced similar tax certiorari proceedings in the New York
Court to review the assessments on one of their real properties located in
Haverstraw Village as set forth on the 2001, 2002, 2003, 2004, 2005, and 2006
final assessment rolls of Haverstraw Village (the “Haverstraw
Village Proceedings”, and together with the West Haverstraw Village
Proceedings, the “Village Proceedings”);
and

E.            Bankruptcy Recitals

WHEREAS, commencing on July
14, 2003, and continuing on various dates thereafter, MC 2005, LLC
(which was named Mirant Corporation prior to January 3, 2006) (“Old Mirant”), along with more than seventy (70) domestic affiliates,
including the New York Companies (collectively, the “Debtors”),
filed bankruptcy petitions pursuant to Chapter 11 of title 11, United States
Code (the “Bankruptcy Code”), in the United
States Bankruptcy Court for the Northern District of Texas (the “Bankruptcy Court”) (jointly administered under Case Number
03-46950-DML (the “Bankruptcy Cases”));
and

WHEREAS, on September 30,
2003, the Debtors filed in the Bankruptcy Cases their Motion
Pursuant to 11 U.S.C. §§ 105(a) and 505(a) for the Determination of
Tax Liability, whereby the Debtors requested the Bankruptcy Court to
determine the amount of property tax liability and

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property tax refund with respect to the Bowline
Facility and the Lovett Facility [Docket No. 1035] (the “505 Motion”);
and

WHEREAS, Haverstraw, Stony
Point, the County, and the School District opposed the relief requested in the
505 Motion and asserted, inter alia,
that the Bankruptcy Court lacked subject matter jurisdiction to determine the
tax liability that is the subject of the 505 Motion; and

WHEREAS, on December 16, 2003,
the County filed Proof of Claim No. 7117 against Mirant Bowline, Proof of Claim
No. 7118 against Mirant New York, and Proof of Claim No. 7119 against Mirant
Lovett (the “County Claims”) asserting
contingent claims for amounts the County would be obligated to pay to certain
other taxing authorities if Mirant Bowline, Mirant Lovett and/or Mirant New
York failed to pay the real property taxes with respect to the Bowline Facility
or the Lovett Facility.  The County also
filed Proof of Claim No. 7108 against Mirant NY-Gen, LLC, which was
subsequently withdrawn.  The County also
filed Proof of Claim No. 6663 against Mirant Bowline and Proof of Claim No.
6665 against Old Mirant seeking amounts owing for fire retardant services
provided by the County, and Proof of Claim No. 6664 against Mirant Bowline
relating to an environmental settlement (collectively, the “Non-Tax Claims”); and

WHEREAS, on January 9, 2004,
the Bankruptcy Court entered its Order Regarding Motions to
Dismiss and/or Abstain from Hearing Debtors’ Motion Pursuant to 11 U.S.C.
§§ 105(a) and 505(a) for a Determination of Tax Liability
[Docket No. 2463], pursuant to which the Bankruptcy Court abstained from
hearing and ruling on the tax issues that were the subject of the 1995 – 2003 Haverstraw Proceedings and the 2000 – 2003 Stony Point Proceedings in favor of the New York
Court; and

WHEREAS, on January 12, 2004,
the School District filed the following proofs of claim (the “School District Claims”) asserting amounts owing for taxes
and/or penalties: (a) Proof of Claim No. 7624 against Mirant Lovett, (b) Proof
of Claim No. 7627 against Mirant Bowline, (c) Proof of Claim No. 7628 against
Mirant New York, and (d) Proof of Claim No. 7629 against Old Mirant; and

WHEREAS, on October 18, 2004,
the Debtors filed in the Bankruptcy Cases their Consolidated
Omnibus Objection to Proofs of Claim Filed by the County of Rockland and the
Haverstraw-Stony Point Central School District (Proofs of Claim Nos. 7117-7119
& Claim Nos. 7624, 7627-7629) [Docket No. 5929] (the “Claim Objection”), wherein the Debtors sought the entry of
an order disallowing the County Claims and the School District Claims; and

WHEREAS, on January 3, 2005,
the Debtors filed in the Bankruptcy Cases their Application
Pursuant to 11 U.S.C. § 502(c), Fed. R. Bank. P. 3007, Fed. R. Civ. P.
42(a) and the Claims Estimation Procedures for (i) the Estimation of Proofs of
Claim Filed by the County of Rockland and the Haverstraw-Stony Point Central
School District and (ii) the Consolidation of the Debtors’ Application with the
Debtors’ Claim Objections (Proofs of Claim Nos. 7117-7119 & Claim Nos.
7624, 7627-7629) [Docket No. 7551] (the “Estimation
Application”); and

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WHEREAS, on January 19, 2005,
the Bankruptcy Court adjourned the hearings on the Claim Objection and the
Estimation Application to allow the New York Court to address the 1995 – 2003 Haverstraw Proceedings and the 2000 – 2003 Stony Point Proceedings; and

WHEREAS, subsequent to the
commencement of the Bankruptcy Cases, the New York Companies did not pay any
real property taxes levied against: (a) the Bowline Facility and the HVG
Property by Haverstraw, any involved special districts, the County, the County
of Rockland Solid Waste Management Authority (the “County Solid
Waste Authority”), or the School District with respect to each of
the 2003, 2004, 2005, and 2006 final assessment rolls of Haverstraw (excluding
the 2003-2004 School District taxes, 2004 Haverstraw, County, and special
district taxes for the HVG Property, and excluding January 2007 Taxes, as
defined herein at Section 4(f)), (b) the Bowline Facility and the HVG
Property by West Haverstraw Village with respect to each of the 2003, 2004, and
2005 final assessment rolls of Haverstraw, (c) the Bowline Facility by
Haverstraw Village, with respect to each of the 2004, 2005, and 2006 final
assessment rolls of Haverstraw Village, and (d) the Lovett Facility by Stony
Point, any involved special districts, the County, the County Solid Waste
Authority, or the School District with respect to each of the 2003, 2004, 2005,
and 2006 final assessment rolls of Stony Point (excluding January 2007 Taxes as
defined herein at Section 4(f)) (collectively, “Unpaid Real
Property Taxes”); and

WHEREAS, pursuant to an order
dated December 9, 2005 [Docket No. 12569] (the “Confirmation
Order”), the Bankruptcy Court confirmed the Amended and
Restated Second Amended Joint Chapter 11 Plan of Reorganization for Mirant
Corporation and its Affiliated Debtors (the “Plan”)
with respect to each of the Debtors other than the New York Companies and
Mirant NY-Gen, LLC.  The effective date
of the Plan was January 3, 2006. 
Pursuant to Article VII, Section 8.2(a) of the Plan, Old Mirant
transferred substantially all of its assets to Mirant, including the claims of
Old Mirant related to and being compromised by this Agreement; and

WHEREAS, on October 3, 2006, the County filed in the
Bankruptcy Cases its Motion to Compel Payment
of Postpetition Taxes Filed by Interested Party County of Rockland
[Docket No. 14670] (the “Contested Matter”)
seeking immediate payment of approximately $111 million in unpaid taxes,
interest and penalties as of November 1, 2006. 
The foregoing aggregate amount is comprised of approximately $82.8
million in past-due taxes and approximately $28.1 million of penalties and
interest with respect to such past-due taxes, and does not include taxes,
interest and penalties related to the HVG Property.  Mirant Bowline, Mirant Lovett, Mirant New
York, and Mirant opposed the Contested Matter on the grounds, inter alia, that refunds were owed in excess of the taxes
owed to the County and that the taxes remained contingent and unliquidated; and

WHEREAS, on
October 5, 2006, Mirant New York, Mirant Bowline, Mirant Lovett, and Mirant
commenced the proceeding in the Bankruptcy Court styled Mirant
Corporation, et al. v. Town of Haverstraw, et al., Adversary Number
06-04202-DML (the “Adversary Proceeding”
and together with
the 505 Motion, the Estimation Application, and the Claim Objection, the “Bankruptcy Litigation”), asking the Bankruptcy Court
to determine, among other things: (a) the taxes for the Bowline Facility and
the Lovett Facility from 2004 – 2006, (b) that Mirant Bowline and
Mirant Lovett are not required to pay taxes owing for the Bowline Facility and
the Lovett Facility until all refunds owing to Mirant Bowline and Mirant Lovett
have been credited,

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(c) whether interest was owing on the Unpaid Real
Property Taxes, (d) that RPTL § 727
did not apply to the Adversary Proceeding, and (e) the Tax Jurisdictions
are not entitled to postpetition penalties or interest.  The Unpaid Real Property Taxes levied against
the HVG Property were not addressed in the Adversary Proceeding; and

WHEREAS, upon payment
of or offset for all Refunds (as defined below in Section 3 of this Agreement) by the Tax
Jurisdictions and payment of or offset for all Back Taxes (as defined below in
Section 4 of this Agreement) by the New York Companies in accordance with the
terms of this Agreement (as set forth in Section 5 of this Agreement), the
County Claims and the School District Claims (together with any and all claims
arising from or related to Unpaid Real Property Taxes), but not the Non-Tax Claims,
will be deemed satisfied in full and the Mirant Parties will have no further
liability pursuant to the County Claims and the School District Claims.  This Agreement does not relieve the Mirant
Parties, individually or collectively, of their obligation to timely pay future
taxes, fees or charges not specifically addressed by this Agreement; and

F.            Global Settlement Recitals

WHEREAS, following over two
years of negotiation, the Parties have reached an agreement for compromise and
settlement of all the 1995 – 2003
Haverstraw Proceedings, the 2000 – 2003 Stony
Point Proceedings, the 2004 – 2006
Haverstraw Proceedings, the 2004 – 2006 Stony
Point Proceedings, and the Village Proceedings (collectively, the “New York Proceedings”); and

WHEREAS, the Parties have
fully reviewed the settlement terms and each has determined that this Agreement
is in compliance with applicable legal requirements and is in the best
interests of all Parties; and

WHEREAS, the settlement of the
New York Proceedings is an element of and is contingent upon a comprehensive
settlement resolving the Bankruptcy Litigation and the Unpaid Real Property
Taxes; and

WHEREAS,
the settlements of the New York Proceedings and the Unpaid Real Property Taxes
are further the subject of a motion in the Bankruptcy Court pursuant to Rule
9019 of the Federal Rules of Bankruptcy Procedure for an Order approving such
settlements (the “9019 Order”), a
form of which order is attached hereto as Exhibit “D”; and

G.            Settlement Approvals

WHEREAS,
by resolution dated December 13, 2006 (“Haverstraw Authorizing
Resolution”), the Town Board of Haverstraw approved this Agreement
and authorized the execution and delivery of this Agreement by the Supervisor
of Haverstraw; and

WHEREAS,
by resolution dated December 12, 2006 (“Stony Point Authorizing
Resolution”), the Town Board of Stony Point approved this Agreement
and authorized the execution and delivery of this Agreement by the Supervisor
of Stony Point; and

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WHEREAS,
by resolution dated December 12, 2006 (“Haverstraw Village
Authorizing Resolution”), the Board of Trustees of Haverstraw
Village approved this Agreement and authorized the execution and delivery of
this Agreement by the Mayor of Haverstraw Village; and

WHEREAS,
by resolution dated December 11, 2006 (“West Haverstraw Village
Authorizing Resolution”), the Board of Trustees of West Haverstraw
Village approved a form of this Agreement, subject to such modifications as, in
the judgment of the Mayor, in consultation with counsel, might be necessary to
implement the terms of the settlement contemplated thereby, and authorized the
execution and delivery of such Agreement by the Mayor of West Haverstraw
Village; and

WHEREAS,
by resolution dated December 13, 2006 (“School District
Authorizing Resolution”), the Board of Education of the School
District approved this Agreement and authorized the execution and delivery of
this Agreement by the President of the Board of Education and by the
Superintendent of Schools of the School District; and

WHEREAS,
by resolution dated December 12, 2006 (“County Authorizing
Resolution”), the Board of Legislators of the County approved this
Agreement and authorized the execution and delivery of this Agreement by the
County Executive of the County; and

WHEREAS,
by all necessary corporate action, each of Mirant, Mirant Bowline, Mirant
Lovett, Mirant New York, and HVG has approved this Agreement and authorized the
execution and delivery of this Agreement by an authorized executive; and

NOW,
THEREFORE, for and in consideration of the premises and the
mutual covenants hereinafter contained, the receipt and sufficiency of which
are hereby acknowledged, the Parties hereby agree as follows:

Section 1.          Representations
and Covenants.

Each
of the Parties, each solely for itself, hereby represents and covenants that,
as of the date of this Agreement:

a.             It
is duly organized, validly existing, and in good standing under the laws of New
York State (the “State”) or the state in which it
is organized and has full legal right, power, and authority to execute, deliver,
and perform all applicable terms and provisions of this Agreement.

b.             All
necessary action has been taken to authorize its execution, delivery, and
performance of this Agreement, and this Agreement constitutes its legal, valid,
and binding obligation enforceable against it in accordance with the terms of
this Agreement and applicable law.

c.             With
exceptions of: (i) the Mirant Parties’ need to obtain the approval of the
Bankruptcy Court and (ii) one or more of the Tax Jurisdictions’ need to take
certain acts to obtain funds in order to satisfy their obligations in this
Agreement with respect to the Refunds (defined below), no governmental approval
by or with any government authority is required for

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the valid execution, delivery, and performance under this Agreement by
it except such as have been duly obtained or made.

d.             To
the best of its knowledge, none of the execution or delivery of this Agreement,
the performance of the obligations in connection with the transaction
contemplated hereby, or the fulfillment of the terms and conditions
hereof will  (i) conflict with or violate any of its
resolutions, or any of its formation documents, as amended, or of any
restriction or any agreement or instrument to which it is a party and by which
it is bound; (ii) conflict with, violate, or result in a breach of any
applicable law, rule, regulation, or order of any court or other agency or
authority of government or ordinance of the State or any political subdivision
thereof; or (iii) conflict with, violate, or result in a breach of or
constitute a default under or result in the imposition or creation of any
mortgage, pledge, lien, security interest, or other encumbrance under this
Agreement or under any term or condition of any bond, indenture, or any other
agreement or instrument to which it is a party or by which it or any of its
properties or assets is bound.

e.             To
the best of its knowledge, other than the motion to approve this Agreement
before the Bankruptcy Court, there is no action, suit, or proceeding, at law or
in equity, or official investigation before or by any government authority
pending or, to its knowledge, threatened against it, wherein an anticipated
decision, ruling, or finding would result in a material adverse effect on its
ability to perform its obligations under this Agreement or on the validity or
enforceability of this Agreement.

f.              To
the best of its knowledge, the conduct of its business is in compliance with
all applicable governmental approvals with respect to which a failure to
comply, in any case or in the aggregate, would result in a material adverse
effect on its ability to perform its obligations under this Agreement or on the
validity or enforceability of this Agreement.

Section 2.          Revision
of Assessment Rolls and Dismissal of New York Proceedings.

a.             Revision of Assessment Rolls.  Upon the Effective Date (as defined below in
Section 8), the assessors or other officers having custody of the assessment
rolls for each of Haverstraw, Stony Point, West Haverstraw Village, and
Haverstraw Village shall correct and revise the entries for the assessments
relating to the Bowline Facility and the Lovett Facility on their respective
assessment rolls to reflect the assessments set forth on Exhibits “E”, “F”,
“G”, and “H”, respectively, attached hereto. 

b.             Dismissal of New York Proceedings Not Yet
Fully Tried.  Upon payment of all Refunds by the Tax
Jurisdictions and payment of all Back Taxes and the January 2007 Taxes by the
New York Companies in accordance with the terms of this Agreement (as more
specifically set forth below in Section 5), the 2004 – 2006 Haverstraw
Proceedings, the 2004 – 2006 Stony Point Proceedings, and the
Village Proceedings shall be dismissed with prejudice.

c.             Withdrawal of Appeals.  Upon payment of all Refunds by the Tax Jurisdictions
and payment of all Back Taxes by the New York Companies in accordance with the
terms of this Agreement (as more specifically set forth below in Section 5),
Mirant New York, Mirant Bowline (as Mirant Bowline and as Southern Energy
Bowline, LLC), Mirant Lovett (as Mirant

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Lovett and as Southern Energy Lovett, LLC), and the Tax
Jurisdictions shall withdraw or cause to be withdrawn their respective appeals
relating to the New York Proceedings (appellate Case Numbers 2004-7179,
2004-10485, 2005-3454, 2005-6605, 2006-9254, 2006-9567, 2006-9564), and shall
notify the New York Appellate Division, Second Department of such withdrawal.

d.             Dismissal or Withdrawal of the
County Claims, the School District Claims, the Contested Matter, and the
Bankruptcy Litigation.  Upon payment
of all Refunds by the Tax Jurisdictions and payment of all Back Taxes by the
New York Companies in accordance with the terms of this Agreement, the County
Claims and the School District Claims will be deemed satisfied in full and the
New York Companies will have no further liability pursuant to such claims.  Upon payment of all Refunds by the Tax
Jurisdictions and payment of all Back Taxes by the New York Companies in
accordance with the terms of this Agreement, the Mirant Parties shall take all
reasonable action necessary to effectuate the withdrawal or dismissal, with
prejudice, of the Bankruptcy Litigation and the County shall take all
reasonable action necessary to effectuate the withdrawal or dismissal of the
Contested Matter, with prejudice.

e.             New York Court Orders.  The Parties agree to the forms of Stipulation
of Settlement and Order for the New York Court covering each of (i) 2004 – 2006
Haverstraw Proceedings and the 2004 – 2006 Stony Point Proceedings, (ii) the
Haverstraw Village Proceedings, and (iii) the West Haverstraw Village
Proceedings, attached hereto as Exhibits “I”, “J”, and “K”, respectively.

Section 3.          Refunds
to Mirant Bowline and Mirant Lovett.

The County, on its own and on behalf of the other
Tax Jurisdictions and the County Solid Waste Authority, shall pay and/or
advance in accordance with Section 5 hereof the real property tax refunds,
and accrued simple statutory interest on such refunds pursuant to
RPTL § 726, which they respectively owe to Mirant Bowline and/or
Mirant Lovett (“Refunds”) pursuant to the Haverstraw
Decision, the Haverstraw Resettled Order, the Stony Point Decision, the Stony
Point Resettled Order, or as agreed with Haverstraw Village or West Haverstraw
Village; provided, however, that this provision is not intended to create
liability on the part of any Tax Jurisdiction for Refunds owed by another Tax
Jurisdiction pursuant to those rulings or village refund agreements.  Notwithstanding the effect of any other
provision of this Agreement, the Parties agree that as of January 31, 2007, the
aggregate amount of the Refunds, inclusive of accrued simple statutory
interest, is $ 163,260,497, with $ 140,305,884 of that Refund amount being owed
to Mirant Bowline and $ 22,954,613 of that Refund amount being owed to Mirant
Lovett, which amounts will be adjusted to reflect differences in accrued
interest to the extent January 31, 2007 is not the actual date of payment and
which amounts are allocated to the account of each of the Tax Jurisdictions and
the New York Companies as shown on Exhibit “L”, attached hereto.  Interest accrual on the Refunds shall cease
as of the time of offset or payment by the Tax Jurisdictions (as set forth
below in Section 5).  Only Mirant Bowline
and Mirant Lovett, as owners of the Bowline Facility and Lovett Facility,
respectively, are entitled to any Refunds and all other Mirant entities,
including, but not limited to Mirant New York, waive any rights they have
thereto.

 11
 

 

Section 4.          Unpaid
Real Property Taxes.

a.             Bowline and Lovett Back Taxes.  With respect to that portion of Unpaid Real Property Taxes relating to the Bowline
Facility and the Lovett Facility, the New York Companies shall pay or
cause to be paid (through offset of Bowline and Lovett Back Taxes against a
portion of the Refunds) to the County in accordance with Section 5 of this
Agreement all owed and unpaid taxes with respect to the Bowline Facility and
the Lovett Facility for years 2003 through 2006 (excluding January 2007 Taxes
as defined herein), and accrued simple interest with respect to such taxes
calculated at the rate of eight percent (8%) per annum (“Bowline and
Lovett Back Taxes”); provided, however, that only Mirant Bowline shall be liable for the
Bowline and Lovett Back Taxes owed with respect to the Bowline Facility and
only Mirant Lovett shall be liable for the Bowline and Lovett Back Taxes owed
with respect to the Lovett Facility. 
Subject to Section 4(c) below and in accordance with
Section 10 of this Agreement, the base tax amounts of the Bowline and Lovett
Back Taxes shall be set through the application of the 2003 assessments for the
Bowline Facility and the Lovett Facility, as set forth in the Haverstraw
Decision, the Haverstraw Resettled Order, the Stony Point Decision, and the
Stony Point Resettled Order, which the Parties agree result in assessments as
set forth in Exhibits “E”, “F”, “G”, and “H”.

b.             HVG Back Taxes. 
With respect to that portion of
Unpaid Real Property Taxes relating to the HVG Property, HVG shall pay
or cause to be paid to the County in accordance with Section 5 of this
Agreement all owed and unpaid taxes with respect to the HVG Property for years
2004 through 2006 (excluding January 2007 Taxes as defined herein), and accrued
simple interest with respect to such taxes calculated at the rate of twelve
percent (12%) per annum (“HVG Back Taxes”, and together with the Bowline and Lovett Back
Taxes, “Back Taxes”).  The base tax amounts of the HVG Back Taxes
shall be the amount of the taxes set forth on the tax bills issued in 2004,
2005, and 2006 by the Bowline Tax Jurisdictions for said HVG Property.

c.             Back Tax Amounts. 
Notwithstanding the effect of any other provision of this Agreement, the
Parties agree that as of January 31, 2007, the aggregate amount of Back Taxes
(excluding January 2007 Taxes as defined herein but inclusive of accrued
interest) owed is $ 115,215,705, with $ 70,704,285 of that Back Tax amount
being owed to the County by Mirant Bowline, $ 42,971,760 of that Back Tax
amount being owed to the County by Mirant Lovett, and $ 1,539,660 of that Back
Tax amount being owed to the County by HVG, which amounts will be adjusted to
reflect differences in accrued interest to the extent that January 31, 2007 is
not the actual date of payment and which amounts are allocated to the account
of each of the Tax Jurisdictions and the New York Companies as shown on Exhibit
“L”, attached hereto.  Interest accrual
on the Back Taxes shall cease as of the time of offset or payment by the Tax
Jurisdictions (as set forth below in Section 5).

d.             Usage
Charges.  Each of the New York
Companies shall pay or cause to be paid, within the later of thirty (30) days
after the Effective Date or thirty (30) days of such New York Company’s receipt
of a notice(s) setting forth such usage charges in detail, all lawfully levied
or assessed usage charges to the extent such usage charges have been previously
billed and remain unpaid by such New York Company; provided,
however, this Section 4(d) is not
intended to affect usage charges not yet billed in the ordinary course for
current or future use.

 12
 

 

e.             Unpaid
Real Property Tax Years.  Payments of
the Back Taxes shall cover the following assessment roll years, tax years and
payments (by due date).

	
  Haver./St. Pt.

  	
   

  	
  Haver./St. Pt./Co.

  	
   

  	
  Haver./St. Pt./County

  	
   

  	
  School

  	
   

  	
  School

  	
   

  
	
  Roll Year

  	
   

  	
  Tax Year

  	
   

  	
  Payment (Due Date)

  	
   

  	
  Tax Year

  	
   

  	
  Payment (Due Date)

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2003

  	
   

  	
  2004

  	
   

  	
  January
  31, 2004

  	
   

  	
  2003-2004

  	
   

  	
  September
  30, 2003

  	
   

  
	
  2004

  	
   

  	
  2005

  	
   

  	
  January
  31, 2005

  	
   

  	
  2004-2005

  	
   

  	
  September
  30, 2004

  	
   

  
	
  2005

  	
   

  	
  2006

  	
   

  	
  January
  31, 2006

  	
   

  	
  2005-2006

  	
   

  	
  September
  30, 2005

  	
   

  
	
  2006

  	
   

  	
  2007

  	
   

  	
  NA

  	
   

  	
  2006-2007

  	
   

  	
  September 30, 2006

  	
   

  

 

	
  Vill. of W. Hav.

  	
   

  	
  Vill. of W. Hav.

  	
   

  	
  Vill. of W. Hav.

  	
   

  	
  Vill. of Hav.

  	
   

  	
  Vill. of Hav.

  	
   

  	
  Vill. of Hav.

  	
   

  
	
  Roll Year

  	
   

  	
  Tax Year

  	
   

  	
  Payment (Due Date)

  	
   

  	
  Roll Year

  	
   

  	
  Tax Year

  	
   

  	
  Payment (Due Date)

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2003

  	
   

  	
  2004-2005

  	
   

  	
  June
  30, 2004

  	
   

  	
  2004

  	
   

  	
  2004-2005

  	
   

  	
  June
  30, 2004

  	
   

  
	
  2004

  	
   

  	
  2005-2006

  	
   

  	
  June
  30, 2005

  	
   

  	
  2005

  	
   

  	
  2005-2006

  	
   

  	
  June
  30, 2005

  	
   

  
	
  2005

  	
   

  	
  2006-2007

  	
   

  	
  June 30, 2006

  	
   

  	
  2006

  	
   

  	
  2006-2007

  	
   

  	
  June 30, 2006

  	
   

  

 

f.              January
2007 Haverstraw, Stony Point, County and Special District Taxes.  Tax bills will be issued in January 2007 by
Haverstraw, Stony Point, the County, and certain special districts based on the
2006 assessments on the Bowline Facility, the Lovett Facility and the HVG
Property (but excluding any re-levy of any taxes, including any penalties or
interest, by the County as more fully described below) (the “January 2007 Taxes”). 
Haverstraw, Stony Point, the County, and such special districts shall
take all reasonable actions to base the January 2007 Taxes upon the reduced
2006 assessments set forth on Exhibits “E”, “F” and “G”.  To the extent that the January 2007 Taxes
cannot be issued based on the 2006 assessments set forth on Exhibits “E”, “F”
and “G” and without any re-levy of prior taxes, the Parties agree that the New
York Companies shall only be obligated to pay amounts in satisfaction of the
January 2007 Taxes equal to what the January 2007 Taxes would have been if
based on the reduced 2006 assessments.  Haverstraw,
Stony Point, the County, and certain special districts shall accept such
payments from the New York Companies as full satisfaction of the January 2007
Taxes; provided, however,
if such payments are not timely paid, the Tax Jurisdictions shall be entitled
to whatever remedies under the law would normally apply, including penalties
and interest on such taxes.  To the
extent that the taxes billed in January 2007 include any re-levy of amounts
previously billed by any Tax Jurisdiction, the Parties acknowledge that such
re-levied amounts, including penalties and interest, are fully satisfied
through the payment of Back Taxes pursuant to the terms of this Agreement.

Section 5.          Payment
of Amounts Owed.

a.             Payment
and/or Offset.  As soon as
practicable following the Effective Date: (i) the County, on its own behalf and
on the behalf of the other Tax Jurisdictions and the County Solid Waste
Authority, shall pay and/or advance (a) the Refunds of $ 22,954,613 owed
to Mirant Lovett, which shall be offset by the County against the Back Taxes of
$ 42,971,760 owed by Mirant Lovett to the County; (b) the Refunds of
$ 140,305,884 owed to Mirant Bowline, which shall be offset by the County
against the Back Taxes of $ 70,704,285 owed by Mirant Bowline to the
County; and (c) the remaining Refunds of $ 69,601,599 owed to Mirant
Bowline, which the County shall pay by wire transfer to Mirant Bowline; (ii)
Mirant Lovett shall pay to the County

 13
 

 

by wire transfer the remaining Back Taxes of $ 20,017,147 owed by
Mirant Lovett; and (iii) HVG shall pay to the County by wire transfer the Back
Taxes of $ 1,539,660 owed by HVG; provided, however,
that the intent of the Parties is that such payments and offsets shall be
scheduled to occur on the same date (the “Payment Date”).  Unless otherwise agreed to in writing by each
of the Parties, the Payment Date shall be no later than February 15, 2007.  The Parties agree that the payments and
offsets provided for by this Section 5 shall, upon its occurrence, result
in the satisfaction of the obligations of the Tax Jurisdictions to pay Refunds
to the New York Companies under this Agreement and the obligations of the New
York Companies to pay Back Taxes under this Agreement.

b.             Reimbursement
of County with Respect to the Refunds. 
No later than March 15, 2007, each of the Tax Jurisdictions (except the
County) shall reimburse the County their respective portion of the Refunds
advanced by the County, in accordance with this Agreement and as determined in
Exhibit “L” attached to this Agreement, to Mirant Bowline and Mirant
Lovett.  If a Tax Jurisdiction does not
fully reimburse the County by no later than March 15, 2007, the defaulting Tax
Jurisdiction shall pay, in addition to the amount of the Refunds advanced on
behalf of such defaulting Tax Jurisdiction, to the County: (i) interest on such
unreimbursed amount calculated at a rate of 9% per annum until payment in full
is received by the County; and (ii) the defaulting Tax Jurisdiction’s
proportional share (i.e., the
percentage of the total amount of the Refunds advanced by the County
attributable to such defaulting Tax Jurisdiction) of all costs and expenses
incurred by the County, including reasonable outside legal fees, to borrow
funds in order to pay the Refunds.  If
such liability to the County is not satisfied in full by the defaulting Tax
Jurisdiction by no later than March 30, 2007, the County may, in addition to
all other legal rights and remedies (including, but not limited to, seeking
specific performance of payment), offset any such unpaid amounts against any
amounts that may be owed by the County (including, but not limited to, unpaid
real property taxes, sales tax collections, and/or mortgage tax collections) to
such defaulting Tax Jurisdiction.

c.             Reimbursement of County with Respect to the
Unpaid Real Property Taxes.  No later than March 15, 2007, each of the
Tax Jurisdictions (excluding the County) shall
(i) reimburse the County for all amounts advanced (or to be advanced with
respect to the 2006 – 2007 School District, Haverstraw Village
and West Haverstraw Village taxes in accordance with applicable law) by the
County on behalf of such Tax Jurisdiction pursuant to the County’s duty to
indemnify the Tax Jurisdictions with respect to the Unpaid Real Property Taxes
in excess of the Back Taxes; and (ii) pay to the County their respective
portion of the accrued interest on the Unpaid Real Property Taxes (net of any
such amount already paid to the County), with such interest being calculated at
a simple interest rate of 4% per annum. 
As of January 31, 2007, the amount of such payments to the County are
calculated as follows:

	
  Tax Jurisdiction

  	
   

  	
  Excess of Back Tax

  	
   

  	
  Net Interest

  	
   

  	
  Total

  	
   

  
	
  Haverstraw

  	
   

  	
  $

  	
  9,262,128

  	
   

  	
  $

  	
  464,892

  	
   

  	
  $

  	
  9,727,020

  	
   

  
	
  Stony Point

  	
   

  	
  $

  	
  5,618,866

  	
   

  	
  $

  	
  380,996

  	
   

  	
  $

  	
  5,999,862

  	
   

  
	
  Haverstraw
  Village

  	
   

  	
  $

  	
  2,071,156

  	
   

  	
  $

  	
  77,879

  	
   

  	
  $

  	
  2,149,035

  	
   

  
	
  West Haverstraw
  Village

  	
   

  	
  $

  	
  265,465

  	
   

  	
  $

  	
  8,722

  	
   

  	
  $

  	
  274,187

  	
   

  
	
  School District

  	
   

  	
  $

  	
  88,219,550

  	
   

  	
  $

  	
  5,108,711

  	
   

  	
  $

  	
  93,328,261

  	
   

  
	
  County Solid Waste
  Authority

  	
   

  	
  $

  	
  262,146

  	
   

  	
  $

  	
  19,813

  	
   

  	
  $

  	
  281,959

  	
   

  

 

 14
 

 

The foregoing
stated net interest calculations will be adjusted to reflect differences in
accrued interest to the extent January 31, 2007 is not the actual date of
payment.  Any amount required to be paid
under this subsection (c) that is not reimbursed and/or paid to the County by a
Tax Jurisdiction shall be charged back by the County to such Tax Jurisdiction
less any amount previously paid to the County by such Tax Jurisdiction and
agreed to by the County.

d.             County’s
Indemnification of Unpaid 2006 – 2007 School
District Taxes.  Notwithstanding the
payments to be made pursuant to subsections (a), (b) and (c) of this Section of
the Agreement, and provided that the School District pays to the County all
amounts required under subsections (b) and (c) of this Section of the
Agreement, on or before April 1, 2007 the County shall advance to the School
District the total amount of the 2006 – 2007 School District taxes duly
levied on the tax parcels identified in Exhibits “A”, “B” and “C” of this
Agreement.

Section 6.          Treatment
of Penalties and Interest Regarding Back Taxes.

With
respect to the New York Companies, all penalties and interest, to the extent
such interest is calculated at a rate greater than eight percent (8%) per annum
(other than with respect to the interest applicable to the HVG Back Taxes,
which shall be governed by Section 4(b) of this Agreement), that may have
accrued with respect to the Back Taxes shall not be collected by the Tax
Jurisdictions from the New York Companies, shall be cancelled, and shall no
longer be owed by the New York Companies.

Section 7.          Mutual
Release.

Except for the obligations arising under this
Agreement, upon the payment of or offset for all Back Taxes and all January
2007 Taxes as set forth herein, each of Mirant Bowline, Mirant Lovett, Mirant
New York, HVG, and Mirant, their predecessors, successors, affiliates or
subsidiary companies (past and present), and their present and former
directors, officers, officials, agents, employees, professionals, and
representatives in their individual and representative capacities shall be
discharged and released by each of the Tax Jurisdictions from each and every
claim, charge, complaint or cause of action whether known or unknown,
pertaining to any and all Unpaid Real Property Taxes, the January 2007 Taxes,
or any other real property taxes, fees or charges assessed against the Bowline
Facility, the Lovett Facility and the HVG Property (relating to tax parcels
listed in Exhibits “A”, “B” and “C”) based on any assessment or tax roll through
2006, including without limitation any claim, charge, complaint or cause of
action asserted in the County Claims, the School District Claims, and the
Contested Matter; provided, however, this release
specifically excludes the Non-Tax Claims. 
Except for the obligations arising under this Agreement, upon receipt of
payment of or offset for all Refunds, each of Mirant Bowline, Mirant Lovett,
Mirant New York, HVG, and Mirant (as petitioners, debtors,
debtors-in-possession, or as reorganized debtors), their predecessors,
successors, bankruptcy estates, and any successors-in-interest thereto, to
include, but not limited to, under or pursuant to any confirmed plan of
reorganization or liquidation confirmed by the Bankruptcy Court in the
Bankruptcy Cases, shall discharge and release each of the Tax Jurisdictions and
their present and former directors, officers, officials, agents, employees,
professionals, and representatives in their individual and representative
capacities, from each and every refund, claim, charge, complaint or cause of
action, whether known or unknown,

 15
 

 

pertaining to any and all Refunds and any other claims related to the
Bowline Facility, the Lovett Facility and the HVG Property (relating to tax
parcels listed in Exhibits “A”, “B” and “C”) based on any assessment or tax
roll through 2006, including without limitation any refund, claim, charge,
complaint, or cause of action asserted in the New
York Proceedings and the Bankruptcy Litigation.

Section 8.          Effective
Date.

This
Agreement shall become effective on the first business day (the “Effective Date”) after the tenth day after the entry of the
9019 Order; provided that if the 9019 Order is stayed, the Effective Date shall
be the date on which the 9019 Order becomes final and non-appealable.  The Parties shall use reasonable best efforts
to seek entry of the 9019 Order on or before December 15, 2006.  In the event this Agreement is not executed
by all of the Parties by December 8, 2006, then the Parties shall use
reasonable best efforts to seek entry of the 9019 Order on or before the date
that is five (5) business days after the date on which all Parties have
executed the Agreement and delivered the executed Agreement to the other
Parties.

Section 9.          No
Admission or Precedent.

Nothing herein shall represent or constitute an
admission by any party of any fact or matter, the Parties acknowledging that
the assessment reductions and other payments to be made by any party hereto are
in settlement of litigation only, nor shall any provision of this Agreement or
the 9019 Order be admissible in any court in any jurisdiction other than in an
action in the New York Court or in the Bankruptcy Court to obtain approval of
or to enforce the express terms of this Agreement.  In addition, the agreement in Section 6 of
this Agreement with respect to penalties and interest, as well as the
assessments established pursuant to this Agreement, and under the Haverstraw
Decision, the Haverstraw Resettled Order, the Stony Point Decision and the
Stony Point Resettled Order, shall not be admissible, have any precedential
effect or value, or be admitted into evidence in any proceeding in any
jurisdiction, except to the extent required to obtain approval of or enforce
this Agreement, or the 9019 Order.

Section 10.        Application
of RPTL § 727 for Future Assessments.

For the 2004, 2005, and 2006 final assessment rolls, the Parties agree
that the assessed values for the Bowline Facility and Lovett Facility shall be
reduced pursuant to RPTL § 727, or as otherwise set forth in this
Agreement with respect to the Bowline Facility for 2006, to the assessed values
set forth in Exhibits “E”, “F”, “G”, and “H”. 
To the extent RPTL § 727 would cause the 2006 values set by this
Agreement to apply to year 2007 or any subsequent year, the Parties agree that
RPTL § 727 is waived and shall not cause such values to apply in any year
subsequent to 2006; provided, however, this waiver of RPTL § 727 is not intended to
affect application of RPTL § 727 where assessed values may be determined
through litigation commenced subsequent to the Effective Date of this
Agreement.

Section 11.        Default.

In the
event any Party fails to perform its obligations hereunder, monetary or
otherwise, each non-defaulting party shall have all rights in law and equity to
seek redress for such default

 16
 

 

(and shall be
entitled to recover reasonable attorney’s fees, disbursements and other
expenses associated with seeking such redress), to the extent such default
remains uncured for a period of ten (10) days following receipt by the defaulting
party of a written notice of default.

Section 12.        Plan
of Reorganization.

Any
plan(s) of reorganization or liquidation of Mirant Bowline, Mirant Lovett,
Mirant New York, and/or HVG shall: (i) incorporate the terms and provisions
hereof without modification; (ii) shall provide that this Agreement is binding
upon any successor to the bankruptcy estates, including without limitation the
appointment of a trustee in the Bankruptcy Cases of the New York Companies; and
(iii) provide for the payment, by no later than the effective date of such
plan(s) of reorganization or liquidation, of any tax amount, accrued interest
or charge that may be due and owing to the Tax Jurisdictions as of the date of
the confirmation hearing(s).

Section 13.        Miscellaneous.

a.             Governing
Law.  This Agreement shall be
governed by and construed in accordance with the laws of the State without
giving effect to the conflict of laws principles thereof.

b.             No Recourse. 
All obligations of the Parties contained in this Agreement shall be
deemed to be the corporate obligations of the respective Parties and not
obligations of any member, officer, official, agent, servant, employee, or
affiliate of the Parties.  No recourse
upon any obligation contained in this Agreement, or otherwise based on or in
respect of this Agreement, shall be had against any past, present, or future
member, officer, official, agent, servant, employee, or affiliate of the
Parties.

c.             Entire
Agreement; Amendment.  This Agreement constitutes the entire
agreement and understanding of the Parties with respect to the settlement and
releases contemplated herein and it supersedes all prior agreements and
understandings, written or oral, between the Parties with respect to such
settlement and releases.  This
Agreement may not be amended except by an instrument in writing signed by the
Parties hereto.

d.             Binding
Effect.  This Agreement shall inure
to the benefit of, and shall be binding upon each of the Parties, and, as
permitted by this Agreement, their respective successors and assigns.

e.             Execution
in Counterpart.  This Agreement may
be executed by the Parties hereto in several counterparts, and each such
counterpart shall be deemed to be an original and all of which constitute
together but one and the same agreement. This Agreement may be executed by a signature delivered electronically
by facsimile or by the use of Adobe portable document format, which shall be
deemed the same as an original signature.

 17
 

 

f.              Section
Headings Not Controlling.  The
section headings in this Agreement have been prepared for convenience of
reference only and shall not control, affect the meaning of, or be taken as an
interpretation of any provision of this Agreement.

g.             Effective
Date.  This Agreement shall be
effective as of the Effective Date.

h.             Right
to Contest Assessments.  Nothing
herein shall prevent the New York Companies from challenging any real property
tax assessments relating to the Bowline Facility, the Lovett Facility, or the
HVG Property based upon an assessment that becomes final after December 31,
2006 (excluding the 2006 assessments addressed in this Agreement).

i.              Arms Length Agreement.  Each
of the Tax Jurisdictions and the Mirant Parties acknowledges that (i) this
Agreement is the result of negotiations among the Parties, and has been
reviewed by each party and its counsel, and (ii) all Parties contributed to the
drafting of this Agreement.  Accordingly,
this Agreement shall be deemed the product of each Party, and no ambiguity
shall be construed in favor of or against any Party on the basis that it was
the drafter of the Agreement.

j.              Recitals
Binding.  The recitals in this
Agreement constitute an integral part of the agreement of the Parties and are
legally binding to the same extent as if the same were set forth in a section
of this Agreement.

k.             Tax
Parcel Consolidation.  The Parties
shall endeavor to consolidate tax parcels to provide for as few tax map numbers
as possible for the Bowline Facility and the Lovett Facility, to the extent not
inconsistent with State laws.

l.              Further
Assurances.  The Parties shall
cooperate to take such actions or obtain such other orders of the New York
Court or the Bankruptcy Court as may be reasonably necessary to effectuate the
terms of this Agreement.

 18
 

 

IN
WITNESS WHEREOF, the undersigned have caused this Agreement
to be executed their respective duly
authorized officers or representatives as of the day and year first
above written.

 

 

	
  TOWN OF HAVERSTRAW

  	
  TOWN OF STONY POINT

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Howard T.
  Phillips, Jr.

  	
   

  	
  Phillip A. Marino

  
	
   

  	
  Supervisor

  	
   

  	
  Supervisor

  
	
   

  	
   

  
	
   

  	
   

  
	
  VILLAGE
  OF HAVERSTRAW

  	
  VILLAGE OF WEST HAVERSTRAW

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Francis J.
  Wassmer, Jr.

  	
   

  	
  Edward P. Zugibe

  
	
   

  	
  Mayor

  	
   

  	
  Mayor

  
	
   

  	
   

  
	
   

  	
   

  
	
  HAVERSTRAW-STONY
  POINT

  	
  COUNTY OF ROCKLAND

  
	
  CENTRAL
  SCHOOL DISTRICT

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Dr. Brian
  Monahan

  	
   

  	
  C. Scott Vanderhoef

  
	
   

  	
  Superintendent

  	
   

  	
  County Executive

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
  Elliot Gillies

  	
   

  
	
   

  	
  President of the
  Board of Education

  	
   

  

 

 19
 

 

 

	
  MIRANT CORPORATION, a Delaware Corporation

  
	
   

  
	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Hugh M. Davenport

  
	
   

  	
  Senior Vice President and

  
	
   

  	
  Deputy General Counsel

  

 

 

 

MIRANT
BOWLINE, LLC, a Delaware limited liability company

MIRANT
LOVETT, LLC, a Delaware limited liability company

MIRANT
NEW YORK, INC., a Delaware corporation

HUDSON
VALLEY GAS CORPORATION, a New York corporation

 

 

	
  By:

  	
   

  	
   

  
	
   

  	
  Jeffrey R. Perry

  
	
   

  	
  President of Mirant Bowline, LLC

  
	
   

  	
  President of Mirant Lovett, LLC

  
	
   

  	
  President of Mirant New York, Inc.

  
	
   

  	
  President of Hudson Valley Gas Corporation

  

 

 20
 

 

 

	
  STATE OF NEW YORK

  	
  )

  
	
   

  	
  ) SS.:

  
	
  COUNTY
  OF

  	
  )

  

 

On
the          day of December in the year 2006, before me,
the undersigned, personally appeared HOWARD T. PHILLIPS, JR.,
Supervisor of Haverstraw, personally known to me or proved to me on
the basis of satisfactory evidence to be the individual whose name is
subscribed to the within instrument and he acknowledged to me that he executed
the same in his capacity, and that by his signature on the instrument, the
individual(s) or the person upon behalf of which the individual(s) acted,
executed the instrument.

 

 

	
  

  	
   

  	
   

  
	
   

  	
  NOTARY PUBLIC

  	
   

  

 

	
  STATE OF NEW YORK

  	
  )

  
	
   

  	
  )  SS.:

  
	
  COUNTY
  OF

  	
  )

  

 

On
the          day of December in the year 2006, before me,
the undersigned, personally appeared PHILIP A. MARINO,
Supervisor of Stony Point, personally known to me or proved to me on
the basis of satisfactory evidence to be the individual whose name is
subscribed to the within instrument and he acknowledged to me that he executed
the same in his capacity, and that by his signature on the instrument, the
individual(s) or the person upon behalf of which the individual(s) acted,
executed the instrument.

 

 

	
  

  	
   

  	
   

  
	
   

  	
  NOTARY PUBLIC

  	
   

  

 

	
  STATE OF NEW YORK

  	
  )

  
	
   

  	
  )  SS.:

  
	
  COUNTY OF 

  	
  )

  

 

On
the          day of             
in the year 2006, before me, the undersigned, personally appeared FRANCIS J. WASSMER, JR., Mayor of Haverstraw Village,
personally known to me or proved to me on the basis of satisfactory evidence to
be the individual whose name is subscribed to the within instrument and he
acknowledged to me that he executed the same in his capacity, and that by his
signature on the instrument, the individual(s) or the person upon behalf of
which the individual(s) acted, executed the instrument.

 

 

	
  

  	
   

  	
   

  
	
   

  	
  NOTARY PUBLIC

  	
   

  

 

 21
 

 

 

	
  STATE OF NEW YORK

  	
  )

  
	
   

  	
  )  SS.:

  
	
  COUNTY OF 

  	
  )

  

 

On
the          day of              
in the year 2006, before me, the undersigned, personally appeared EDWARD P. ZUGIBE, Mayor of West Haverstraw Village,
personally known to me or proved to me on the basis of satisfactory evidence to
be the individual whose name is subscribed to the within instrument and he
acknowledged to me that he executed the same in his capacity, and that by his
signature on the instrument, the individual(s) or the person upon behalf of
which the individual(s) acted, executed the instrument.

 

 

	
  

  	
   

  	
   

  
	
   

  	
  NOTARY PUBLIC

  	
   

  

 

	
  STATE OF NEW YORK

  	
  )

  
	
   

  	
  )  SS.:

  
	
  COUNTY OF

  	
  )

  

 

On
the          day of December in the year 2006, before me,
the undersigned, personally appeared DR. BRIAN MONAHAN,
Superintendent of the School District, personally known to me or
proved to me on the basis of satisfactory evidence to be the individual whose
name is subscribed to the within instrument and he acknowledged to me that he
executed the same in his capacity, and that by his signature on the instrument,
the individual(s) or the person upon behalf of which the individual(s) acted,
executed the instrument.

 

 

	
  

  	
   

  	
   

  
	
   

  	
  NOTARY PUBLIC

  	
   

  

 

	
  STATE OF NEW YORK

  	
  )

  
	
   

  	
  )  SS.:

  
	
  COUNTY OF

  	
  )

  

 

On
the          day of December in the year 2006, before me,
the undersigned, personally appeared ELLIOT GILLIES, President
of the Board of Education of the School District, personally known
to me or proved to me on the basis of satisfactory evidence to be the
individual whose name is subscribed to the within instrument and he
acknowledged to me that he executed the same in his capacity, and that by his
signature on the instrument, the individual(s) or the person upon behalf of
which the individual(s) acted, executed the instrument.

 

 

	
  

  	
   

  	
   

  
	
   

  	
  NOTARY PUBLIC

  	
   

  

 

 22
 

 

 

	
  STATE OF
  NEW YORK

  	
  )

  
	
   

  	
  )  SS.:

  
	
  COUNTY
  OF

  	
  )

  

 

On
the          day of December in the year
2006, before me, the undersigned, personally appeared C. SCOTT
VANDERHOEF, County Executive of the County, personally known to me
or proved to me on the basis of satisfactory evidence to be the individual
whose name is subscribed to the within instrument and he acknowledged to me
that he executed the same in his capacity, and that by his signature on the
instrument, the individual(s) or the person upon behalf of which the
individual(s) acted, executed the instrument.

 

 

	
  

  	
   

  	
   

  
	
   

  	
  NOTARY PUBLIC

  	
   

  

 

	
  STATE OF GEORGIA

  	
  )

  
	
   

  	
  )  SS.:

  
	
  COUNTY OF

  	
  )

  

 

On
the          day of December in the year 2006, before me,
the undersigned, personally appeared HUGH M. DAVENPORT, Senior
Vice President and Deputy General Counsel of Mirant Corporation,
personally known to me or proved to me on the basis of satisfactory evidence to
be the individual whose name is subscribed to the within instrument and he acknowledged
to me that he executed the same in his capacity, and that by his signature on
the instrument, the individual(s) or the person upon behalf of which the
individual(s) acted, executed the instrument.

 

 

	
  

  	
   

  	
   

  
	
   

  	
  NOTARY PUBLIC

  	
   

  

 

	
  STATE OF MASSACHUSETTS

  	
  )

  
	
   

  	
  )  SS.:

  
	
  COUNTY OF

  	
  )

  

 

On
the          day of December in the year 2006, before me,
the undersigned, personally appeared JEFFREY R. PERRY,
President of Mirant Bowline, Mirant Lovett, Mirant New York and HVG,
personally known to me or proved to me on the basis of satisfactory evidence to
be the individual whose name is subscribed to the within instrument and he
acknowledged to me that he executed the same in his capacity, and that by his
signature on the instrument, the individual(s) or the person upon behalf of
which the individual(s) acted, executed the instrument.

 

 

	
  

  	
   

  	
   

  
	
   

  	
  NOTARY PUBLIC

  	
   

  

 

 23

 

List of
Exhibits

	
  Exhibit “A”

  	
  Bowline Facility Description and Tax Parcels

  
	
  Exhibit “B”

  	
  Lovett Facility Description and Tax Parcels

  
	
  Exhibit “C”

  	
  HVG Property Description and Tax Parcels

  
	
  Exhibit “D”

  	
  Form of 9019 Order

  
	
  Exhibit “E”

  	
  Haverstraw Assessment Roll Revisions Regarding
  Bowline Facility

  
	
  Exhibit “F”

  	
  Stony Point Assessment Roll Revisions

  
	
  Exhibit “G”

  	
  Haverstraw Village Assessment Roll Revisions

  
	
  Exhibit “H”

  	
  West Haverstraw Village Assessment Roll Revisions

  
	
  Exhibit “I”

  	
  Form of Haverstraw and Stony Point Stipulation of
  Settlement and Order

  
	
  Exhibit “J”

  	
  Form of Haverstraw Village Stipulation of Settlement
  and Order

  
	
  Exhibit “K”

  	
  Form of West Haverstraw Village Stipulation of
  Settlement and Order

  
	
  Exhibit “L”

  	
  Refund and Back Tax Amounts

  

 

 L-1

 

EXHIBIT “A”

DESCRIPTION
OF BOWLINE FACILITY

All
real property, fixtures and improvements located on the following tax parcels,
as such tax parcels may be modified from time to time:

Tax Parcels Located in Haverstraw (outside of
Haverstraw Village and West Haverstraw Village):

622.089-9999-134.200/1001
(formerly 600.00-277-1)

622.089-9999-134.200/1011
(formerly 600.00-277-2)

622.089-9999-134.200/1021
(formerly 600.00-277-3)

622.089-9999-134.200/1031
(formerly 600.00-277-4)

622.089-9999-134.200/1041
(formerly 600.00-277-5)

622.089-9999-134.200/1051
(formerly 600.00-277-6)

622.089-9999-134.200/1061
(formerly 600.00-277-7)

20.16-2-4

21.17-1-2

21.17-1-3

21.17-1-4

21.17-1-5

27.05-1-1

27.05-1-2

27.05-1-3

27.05-1-4

27.05-1-5

Tax Parcels Located in West Haverstraw Village

26.07-4-4

26.07-4-5

26.07-4-6

26.07-5-71

26.07-5-72

26.08-2-39

26.08-3-32

26.08-3-33

622.003-9999-134.200/1001
(formerly 600.00-324)

622.003-9999-134.200/2001
(formerly 600.00-325)

 A-1
 

 

Tax Parcels Located in Haverstraw Village:

27.05-2-2

27.05-2-3

27.05-2-4

27.05-2-6

27.09-1-2

27.09-1-1

on the official tax maps
of the County, Haverstraw, Haverstraw Village and West Haverstraw Village, as
the case may be.

 A-2

 

EXHIBIT “B”

DESCRIPTION
OF LOVETT FACILITY

All
real property, fixtures and improvements located on the following tax parcels,
as such tax parcels may be modified from time to time:

	
  10.04-2-2

  	
  10.04-2-3

  
	
  10.04-2-4

  	
  10.04-2-5

  
	
  10.04-2-6

  	
  10.04-2-7

  
	
  10.04-2-8

  	
  10.04-2-9

  
	
  10.04-2-10

  	
  10.04-2-11

  
	
  10.04-2-12

  	
  10.04-2-13

  
	
  10.04-2-14

  	
  10.04-2-15

  
	
  10.04-2-16

  	
  10.04-2-17

  
	
  10.04-2-18

  	
  10.04-2-19

  
	
  10.02-3-17

  	
   

  

 

on the official tax maps
of the County and Stony Point, as the case may be.

 B-1

 

EXHIBIT “C”

DESCRIPTION
OF HVG PROPERTY

All
real property, fixtures and improvements located on the following tax parcels,
as such tax parcels may be modified from time to time:

622.003-9999-134.200/2011
(formerly 600.00-330)

622.089-9999-134.200/2001
(formerly 600.00-333)

622.089-9999-134.200/2011 (formerly 600.00-334)

on the official tax maps
of the County, Haverstraw and West Haverstraw Village, as the case may be.

 C-1

 

EXHIBIT “D”

FORM OF
9019 ORDER

IN THE UNITED STATES BANKRUPTCY COURT

FOR THE NORTHERN DISTRICT OF TEXAS

FORT WORTH DIVISION

	
   

  	
  )

  	
   

  
	
  In re

  	
  )

  	
  Chapter 11
  Case

  
	
   

  	
  )

  	
   

  
	
  MIRANT
  CORPORATION, et al.,

  	
  )

  	
  Case No.
  03-46590 (DML)

  
	
   

  	
  )

  	
  Jointly
  Administered

  
	
                                              Debtors.

  	
  )

  	
   

  
	
   

  	
  )

  	
   

  

 

ORDER GRANTING DEBTORS’ MOTION PURSUANT TO 11 U.S.C.
§§ 105 AND 363 AND RULE 9019 OF THE FEDERAL RULES OF BANKRUPTCY PROCEDURE FOR
AN ORDER APPROVING THE SETTLEMENT AGREEMENT BY AND AMONG MIRANT CORPORATION,
MIRANT BOWLINE, LLC, MIRANT LOVETT, LLC, MIRANT NEW YORK, INC., HUDSON VALLEY
GAS CORPORATION, THE COUNTY OF ROCKLAND, TOWN OF HAVERSTRAW, THE
HAVERSTRAW-STONY POINT CENTRAL SCHOOL DISTRICT, THE VILLAGE OF HAVERSTRAW, THE
VILLAGE OF WEST HAVERSTRAW, AND THE TOWN OF STONY POINT

Upon the motion,(1) dated
December 7, 2006 (the “Motion”) of the New York Debtors, for an order
approving that certain
Settlement Agreement (the “Agreement”) by and among Mirant Bowline, LLC (“Mirant
Bowline”), Mirant Lovett, LLC (“Mirant Lovett”), Mirant New York,

(1)  Unless otherwise defined herein, capitalized
terms have the same meaning ascribed to them in the Motion.

 D-1
 

 

Inc. (“Mirant New York”), Hudson Valley Gas
Corporation (“HVG” and, collectively with Mirant Bowline, Mirant Lovett,
and Mirant New York, the “New York Debtors”), and Mirant Corporation
(f/k/a Newco 2005 Corporation prior to January 3, 2006) (“Mirant Corp.”,
and collectively with the New York Debtors, the “Mirant Settling Parties”),
and the County of Rockland (the “County”), Town of Haverstraw (“Haverstraw”),
the Haverstraw-Stony Point Central School District (the “School District”),
the Village of Haverstraw (“Haverstraw Village”), the Village of West
Haverstraw (“West Haverstraw Village,” and together with the County,
Haverstraw, the School District, and Haverstraw Village, the “Haverstraw Tax
Jurisdictions”), and the Town of Stony Point (“Stony Point,” and
when used collectively with the County and the School District, the “Stony
Point Tax Jurisdictions”) (the Haverstraw Tax Jurisdictions and Stony Point
Tax Jurisdictions are together the “Tax Jurisdictions”); and it
appearing that the Court has jurisdiction over this matter and the relief
requested in accordance with 28 U.S.C. §§ 157(b)(2)(a), (b), (k), and (o) and
1334; and it appearing that the Agreement is “fair and equitable and in the
best interest of the estate” and satisfies the requirements for approval of
settlements set forth In re Cajun Electric
Power Cooperative, Inc., 119 F.3d 349, 355 (5th Cir. 1997); and it
appearing that due notice of the Motion has been provided as set forth in the
certificate of service attached to the Motion, and that no other or further
notice need be provided; upon all of the proceedings had before the Court; and
after due deliberation and sufficient cause appearing therefor,

IT IS HEREBY:

ORDERED, that the Motion is
hereby GRANTED; it is further

 D-2
 

 

ORDERED, that the Agreement, the terms of which are
incorporated herein and a copy of which is attached hereto as Exhibit A,
is approved and that the Mirant Settling Parties and the Tax Jurisdictions are
authorized and directed to perform as required thereunder; it is further

ORDERED,  upon payment of all Refunds (as defined in
Section 4 of the Agreement) by the Tax Jurisdictions and payment of all Back
Taxes (as defined in Section 3 of the Agreement) by the New York Debtors in
accordance with the terms of the Agreement, that the following proofs of claim
will be deemed satisfied in full and the Debtors will have no further liability
pursuant to such claims: (i) Proof of Claim No. 7117 filed by the County
against Mirant Bowline; (ii) Proof of Claim No. 7118 filed by the County
against Mirant New York; (2) (iii)
Proof of Claim No. 7119 filed by the County against Mirant Lovett; (iv) Proof
of Claim No. 7624 filed by the School District against Mirant Lovett; (v) Proof
of Claim No. 7627 filed by the School District against Mirant Bowline; (vi)
Proof of Claim No. 7628 filed by the School District against Mirant New York;
and (vi) Proof Of Claim No. 7629 filed by the School District against Old
Mirant; it is further

ORDERED,
that the Refunds owed by the Tax Jurisdictions to any Mirant Settling Party may
be offset against Back Taxes owed by another of the Mirant Settling Parties in
accordance with Section 5 of the Agreement and, where such offset or payment
results in a Refund owed to one Mirant Settling Party being used to satisfy
Back Taxes due from another Mirant Settling Party, the net effect will be
evidenced by Intercompany Notes providing for the repayment of the funds by the
Mirant Settling Party owing to the Mirant Settling Party in accordance with the
Cash Management Order; it is further

(2)  Proof
of Claim No. 7118 against Mirant New York previously was partially withdrawn by
the County, and the County also filed Proof of Claim No. 7108 against Mirant
NY-Gen, LLC, which was fully withdrawn.

 D-3
 

 

ORDERED, that the ten-day stay provided for
in Rule 6004 of the Bankruptcy Rules is waived and the Agreement is effective
immediately; it is further

ORDERED, this Court shall, and hereby does, retain
jurisdiction with respect to all matters arising or related to the
implementation of this Order and performance under the terms of the Agreement
except for any dispute solely among the Tax Jurisdictions.

### End of Order ###

 D-4

 

EXHIBIT “E”

HAVERSTRAW
FINAL ASSESSMENT ROLLS REDUCTIONS

AND ESTABLISHMENT OF ASSESSED VALUES REGARDING

BOWLINE FACILITY

1995 Final Assessment
Rolls

Court Ordered Values and Reductions

	
  Tax ID No.

  	
   

  	
  Court

  Ordered

  Full Value

  	
   

  	
  Court

  Ordered

  Assessed

  Value

  	
   

  	
  Town’s

  Assessed

  Value

  	
   

  	
  Court

  Ordered

  Reduction

  	
   

  
	
  27.-5-1-1

  	
   

  	
  348,116

  	
   

  	
  39,581

  	
   

  	
  59,650

  	
   

  	
  20,069

  	
   

  
	
  27.-5-1-2

  	
   

  	
  54,049,843

  	
   

  	
  6,145,467

  	
   

  	
  9,261,500

  	
   

  	
  3,116,033

  	
   

  
	
  20.16-2-4

  	
   

  	
  1,189,079

  	
   

  	
  135,198

  	
   

  	
  203,750

  	
   

  	
  68,552

  	
   

  
	
  600-324

  	
   

  	
  5,394,188

  	
   

  	
  613,319

  	
   

  	
  924,300

  	
   

  	
  310,981

  	
   

  
	
  600-277.1

  	
   

  	
  58,359,707

  	
   

  	
  6,635,499

  	
   

  	
  10,000,000

  	
   

  	
  3,364,501

  	
   

  
	
  600-277.2

  	
   

  	
  58,359,707

  	
   

  	
  6,635,499

  	
   

  	
  10,000,000

  	
   

  	
  3,364,501

  	
   

  
	
  600-277.3

  	
   

  	
  58,359,707

  	
   

  	
  6,635,499

  	
   

  	
  10,000,000

  	
   

  	
  3,364,501

  	
   

  
	
  600-277.4

  	
   

  	
  58,359,707

  	
   

  	
  6,635,499

  	
   

  	
  10,000,000

  	
   

  	
  3,364,501

  	
   

  
	
  600-277.5

  	
   

  	
  58,359,707

  	
   

  	
  6,635,499

  	
   

  	
  10,000,000

  	
   

  	
  3,364,501

  	
   

  
	
  600-277.6

  	
   

  	
  58,359,707

  	
   

  	
  6,635,499

  	
   

  	
  10,000,000

  	
   

  	
  3,364,501

  	
   

  
	
  600-277.7

  	
   

  	
  32,729,291

  	
   

  	
  3,721,320

  	
   

  	
  4,062,415

  	
   

  	
  341,095

  	
   

  
	
  Totals

  	
   

  	
  443,868,761

  	
   

  	
  50,467,878

  	
   

  	
  74,511,615

  	
   

  	
  24,043,737

  	
   

  

 

1997 Final Assessment
Rolls

Court Ordered Values and Reductions

	
  Tax ID No.

  	
   

  	
  Court

  Ordered

  Full Value

  	
   

  	
  Court

  Ordered

  Assessed

  Value

  	
   

  	
  Town’s

  Assessed

  Value

  	
   

  	
  Court

  Ordered

  Reduction

  	
   

  
	
  20.16-2-4

  	
   

  	
  989,299

  	
   

  	
  118,023

  	
   

  	
  203,750

  	
   

  	
  85,727

  	
   

  
	
  21.17-1-2

  	
   

  	
  585,325

  	
   

  	
  69,829

  	
   

  	
  120,550

  	
   

  	
  50,721

  	
   

  
	
  27.05-1-2

  	
   

  	
  44,968,779

  	
   

  	
  5,364,775

  	
   

  	
  9,261,500

  	
   

  	
  3,896,725

  	
   

  
	
  600-277.1

  	
   

  	
  48,554,531

  	
   

  	
  5,792,556

  	
   

  	
  10,000,000

  	
   

  	
  4,207,444

  	
   

  
	
  600-277.2

  	
   

  	
  48,554,531

  	
   

  	
  5,792,556

  	
   

  	
  10,000,000

  	
   

  	
  4,207,444

  	
   

  
	
  600-277.3

  	
   

  	
  48,554,531

  	
   

  	
  5,792,556

  	
   

  	
  10,000,000

  	
   

  	
  4,207,444

  	
   

  
	
  600-277.4

  	
   

  	
  48,554,531

  	
   

  	
  5,792,556

  	
   

  	
  10,000,000

  	
   

  	
  4,207,444

  	
   

  
	
  600-277.5

  	
   

  	
  48,554,531

  	
   

  	
  5,792,556

  	
   

  	
  10,000,000

  	
   

  	
  4,207,444

  	
   

  
	
  600-277.6

  	
   

  	
  48,554,531

  	
   

  	
  5,792,556

  	
   

  	
  10,000,000

  	
   

  	
  4,207,444

  	
   

  
	
  600-277.7

  	
   

  	
  27,230,352

  	
   

  	
  3,248,581

  	
   

  	
  4,062,415

  	
   

  	
  813,834

  	
   

  
	
  600-324

  	
   

  	
  4,487,895

  	
   

  	
  535,406

  	
   

  	
  924,300

  	
   

  	
  388,894

  	
   

  
	
  Totals

  	
   

  	
  369,588,837

  	
   

  	
  44,091,948

  	
   

  	
  74,572,515

  	
   

  	
  30,480,567

  	
   

  

 

 E-1
 

 

1998 Final Assessment
Rolls

Court Ordered Values and Reductions

	
  Tax ID No.

  	
   

  	
  Court

  Ordered

  Full Value

  	
   

  	
  Court

  Ordered

  Assessed

  Value

  	
   

  	
  Town’s

  Assessed

  Value

  	
   

  	
  Court

  Ordered

  Reduction

  	
   

  
	
  20.16-2-4

  	
   

  	
  1,019,383

  	
   

  	
  122,020

  	
   

  	
  203,750

  	
   

  	
  81,730

  	
   

  
	
  21.17-1-2

  	
   

  	
  603,124

  	
   

  	
  72,194

  	
   

  	
  120,550

  	
   

  	
  48,356

  	
   

  
	
  21.17-1-3

  	
   

  	
  80,050

  	
   

  	
  9,582

  	
   

  	
  16,000

  	
   

  	
  6,418

  	
   

  
	
  21.17-1-4

  	
   

  	
  107,567

  	
   

  	
  12,876

  	
   

  	
  21,500

  	
   

  	
  8,624

  	
   

  
	
  21.17-1-5

  	
   

  	
  337,710

  	
   

  	
  40,424

  	
   

  	
  67,500

  	
   

  	
  27,076

  	
   

  
	
  26.07-4-4

  	
   

  	
  134,333

  	
   

  	
  16,080

  	
   

  	
  26,850

  	
   

  	
  10,770

  	
   

  
	
  26.07-4-5

  	
   

  	
  18,762

  	
   

  	
  2,246

  	
   

  	
  3,750

  	
   

  	
  1,504

  	
   

  
	
  26.07-4-6

  	
   

  	
  12,758

  	
   

  	
  1,527

  	
   

  	
  2,550

  	
   

  	
  1,023

  	
   

  
	
  26.07-5-71

  	
   

  	
  139,336

  	
   

  	
  16,679

  	
   

  	
  27,850

  	
   

  	
  11,171

  	
   

  
	
  26.07-5-72

  	
   

  	
  80,050

  	
   

  	
  9,582

  	
   

  	
  16,000

  	
   

  	
  6,418

  	
   

  
	
  26.08-2-39

  	
   

  	
  118,824

  	
   

  	
  14,223

  	
   

  	
  23,750

  	
   

  	
  9,527

  	
   

  
	
  26.08-3-32

  	
   

  	
  193,870

  	
   

  	
  23,206

  	
   

  	
  38,750

  	
   

  	
  15,544

  	
   

  
	
  26.08-3-33

  	
   

  	
  77,548

  	
   

  	
  9,283

  	
   

  	
  15,500

  	
   

  	
  6,217

  	
   

  
	
  27.05-1-1

  	
   

  	
  298,435

  	
   

  	
  35,723

  	
   

  	
  59,650

  	
   

  	
  23,927

  	
   

  
	
  27.05-1-3

  	
   

  	
  331,456

  	
   

  	
  39,675

  	
   

  	
  66,250

  	
   

  	
  26,575

  	
   

  
	
  27.05-1-4

  	
   

  	
  125,828

  	
   

  	
  15,062

  	
   

  	
  25,150

  	
   

  	
  10,088

  	
   

  
	
  27.05-1-5

  	
   

  	
  85,053

  	
   

  	
  10,181

  	
   

  	
  17,000

  	
   

  	
  6,819

  	
   

  
	
  27.05-2-2

  	
   

  	
  3,002

  	
   

  	
  359

  	
   

  	
  600

  	
   

  	
  241

  	
   

  
	
  27.05-2-3

  	
   

  	
  6,254

  	
   

  	
  749

  	
   

  	
  1,250

  	
   

  	
  501

  	
   

  
	
  27.05-2-4

  	
   

  	
  25,016

  	
   

  	
  2,994

  	
   

  	
  5,000

  	
   

  	
  2,006

  	
   

  
	
  27.05-2-6

  	
   

  	
  28,337,590

  	
   

  	
  3,392,010

  	
   

  	
  5,664,000

  	
   

  	
  2,271,990

  	
   

  
	
  27.09-1-1

  	
   

  	
  6,004

  	
   

  	
  719

  	
   

  	
  1,200

  	
   

  	
  481

  	
   

  
	
  27.09-1-2

  	
   

  	
  22,014

  	
   

  	
  2,635

  	
   

  	
  4,400

  	
   

  	
  1,765

  	
   

  
	
  27.05-1-2

  	
   

  	
  46,336,262

  	
   

  	
  5,546,451

  	
   

  	
  9,261,500

  	
   

  	
  3,715,049

  	
   

  
	
  600-277.1

  	
   

  	
  50,031,056

  	
   

  	
  5,988,717

  	
   

  	
  10,000,000

  	
   

  	
  4,011,283

  	
   

  
	
  600-277.2

  	
   

  	
  50,031,056

  	
   

  	
  5,988,717

  	
   

  	
  10,000,000

  	
   

  	
  4,011,283

  	
   

  
	
  600-277.3

  	
   

  	
  50,031,056

  	
   

  	
  5,988,717

  	
   

  	
  10,000,000

  	
   

  	
  4,011,283

  	
   

  
	
  600-277.4

  	
   

  	
  50,031,056

  	
   

  	
  5,988,717

  	
   

  	
  10,000,000

  	
   

  	
  4,011,283

  	
   

  
	
  600-277.5

  	
   

  	
  50,031,056

  	
   

  	
  5,988,717

  	
   

  	
  10,000,000

  	
   

  	
  4,011,283

  	
   

  
	
  600-277.6

  	
   

  	
  50,031,056

  	
   

  	
  5,988,717

  	
   

  	
  10,000,000

  	
   

  	
  4,011,283

  	
   

  
	
  600-277.7

  	
   

  	
  28,058,417

  	
   

  	
  3,358,592

  	
   

  	
  4,062,415

  	
   

  	
  703,823

  	
   

  
	
  600-324

  	
   

  	
  4,624,370

  	
   

  	
  553,537

  	
   

  	
  924,300

  	
   

  	
  370,763

  	
   

  
	
  600-325

  	
   

  	
  1,275,792

  	
   

  	
  152,712

  	
   

  	
  255,000

  	
   

  	
  102,288

  	
   

  
	
  Totals

  	
   

  	
  412,645,141

  	
   

  	
  49,393,623

  	
   

  	
  80,932,015

  	
   

  	
  31,538,392

  	
   

  

 

 E-2
 

 

1999 Final Assessment
Rolls

Court Ordered Values and Reductions

	
  Tax ID No.

  	
   

  	
  Court

  Ordered

  Full Value

  	
   

  	
  Court

  Ordered

  Assessed

  Value

  	
   

  	
  Town’s

  Assessed

  Value

  	
   

  	
  Court

  Ordered

  Reduction

  	
   

  
	
  20.16-2-4

  	
   

  	
  1,084,076

  	
   

  	
  125,319

  	
   

  	
  203,750

  	
   

  	
  78,431

  	
   

  
	
  21.17-1-2

  	
   

  	
  641,401

  	
   

  	
  74,146

  	
   

  	
  120,550

  	
   

  	
  46,404

  	
   

  
	
  21.17-1-3

  	
   

  	
  85,130

  	
   

  	
  9,841

  	
   

  	
  16,000

  	
   

  	
  6,159

  	
   

  
	
  21.17-1-4

  	
   

  	
  114,393

  	
   

  	
  13,224

  	
   

  	
  21,500

  	
   

  	
  8,276

  	
   

  
	
  21.17-1-5

  	
   

  	
  359,142

  	
   

  	
  41,517

  	
   

  	
  67,500

  	
   

  	
  25,983

  	
   

  
	
  26.07-4-4

  	
   

  	
  142,859

  	
   

  	
  16,514

  	
   

  	
  26,850

  	
   

  	
  10,336

  	
   

  
	
  26.07-4-5

  	
   

  	
  19,952

  	
   

  	
  2,306

  	
   

  	
  3,750

  	
   

  	
  1,444

  	
   

  
	
  26.07-4-6

  	
   

  	
  13,568

  	
   

  	
  1,568

  	
   

  	
  2,550

  	
   

  	
  982

  	
   

  
	
  26.07-5-71

  	
   

  	
  148,179

  	
   

  	
  17,130

  	
   

  	
  27,850

  	
   

  	
  10,720

  	
   

  
	
  26.07-5-72

  	
   

  	
  85,130

  	
   

  	
  9,841

  	
   

  	
  16,000

  	
   

  	
  6,159

  	
   

  
	
  26.08-2-39

  	
   

  	
  126,365

  	
   

  	
  14,608

  	
   

  	
  23,750

  	
   

  	
  9,142

  	
   

  
	
  26.08-3-32

  	
   

  	
  206,174

  	
   

  	
  23,834

  	
   

  	
  38,750

  	
   

  	
  14,916

  	
   

  
	
  26.08-3-33

  	
   

  	
  82,470

  	
   

  	
  9,533

  	
   

  	
  15,500

  	
   

  	
  5,967

  	
   

  
	
  27.05-1-1

  	
   

  	
  317,375

  	
   

  	
  36,689

  	
   

  	
  59,650

  	
   

  	
  22,961

  	
   

  
	
  27.05-1-3

  	
   

  	
  352,491

  	
   

  	
  40,748

  	
   

  	
  66,250

  	
   

  	
  25,502

  	
   

  
	
  27.05-1-4

  	
   

  	
  133,814

  	
   

  	
  15,469

  	
   

  	
  25,150

  	
   

  	
  9,681

  	
   

  
	
  27.05-1-5

  	
   

  	
  90,451

  	
   

  	
  10,456

  	
   

  	
  17,000

  	
   

  	
  6,544

  	
   

  
	
  27.05-2-2

  	
   

  	
  3,192

  	
   

  	
  369

  	
   

  	
  600

  	
   

  	
  231

  	
   

  
	
  27.05-2-3

  	
   

  	
  6,651

  	
   

  	
  769

  	
   

  	
  1,250

  	
   

  	
  481

  	
   

  
	
  27.05-2-4

  	
   

  	
  26,603

  	
   

  	
  3,075

  	
   

  	
  5,000

  	
   

  	
  1,925

  	
   

  
	
  27.05-2-6

  	
   

  	
  30,135,993

  	
   

  	
  3,483,721

  	
   

  	
  5,664,000

  	
   

  	
  2,180,279

  	
   

  
	
  27.09-1-1

  	
   

  	
  6,385

  	
   

  	
  738

  	
   

  	
  1,200

  	
   

  	
  462

  	
   

  
	
  27.09-1-2

  	
   

  	
  23,411

  	
   

  	
  2,706

  	
   

  	
  4,400

  	
   

  	
  1,694

  	
   

  
	
  27.05-1-2

  	
   

  	
  49,276,924

  	
   

  	
  5,696,412

  	
   

  	
  9,261,500

  	
   

  	
  3,565,088

  	
   

  
	
  600-277.1

  	
   

  	
  53,206,202

  	
   

  	
  6,150,637

  	
   

  	
  10,000,000

  	
   

  	
  3,849,363

  	
   

  
	
  600-277.2

  	
   

  	
  53,206,202

  	
   

  	
  6,150,637

  	
   

  	
  10,000,000

  	
   

  	
  3,849,363

  	
   

  
	
  600-277.3

  	
   

  	
  53,206,202

  	
   

  	
  6,150,637

  	
   

  	
  10,000,000

  	
   

  	
  3,849,363

  	
   

  
	
  600-277.4

  	
   

  	
  53,206,202

  	
   

  	
  6,150,637

  	
   

  	
  10,000,000

  	
   

  	
  3,849,363

  	
   

  
	
  600-277.5

  	
   

  	
  53,206,202

  	
   

  	
  6,150,637

  	
   

  	
  10,000,000

  	
   

  	
  3,849,363

  	
   

  
	
  600-277.6

  	
   

  	
  53,206,202

  	
   

  	
  6,150,637

  	
   

  	
  10,000,000

  	
   

  	
  3,849,363

  	
   

  
	
  600-277.7

  	
   

  	
  29,839,102

  	
   

  	
  3,449,400

  	
   

  	
  4,062,415

  	
   

  	
  613,015

  	
   

  
	
  600-324

  	
   

  	
  4,917,849

  	
   

  	
  568,503

  	
   

  	
  924,300

  	
   

  	
  355,797

  	
   

  
	
  600-325

  	
   

  	
  1,356,758

  	
   

  	
  156,841

  	
   

  	
  255,000

  	
   

  	
  98,159

  	
   

  
	
  Totals

  	
   

  	
  438,833,050

  	
   

  	
  50,729,101

  	
   

  	
  80,932,015

  	
   

  	
  30,202,914

  	
   

  

 

 E-3
 

 

2000 Final Assessment
Rolls

Court Ordered Values and Reductions

	
  Tax ID No.

  	
   

  	
  Court

  Ordered

  Full Value

  	
   

  	
  Court

  Ordered

  Assessed

  Value

  	
   

  	
  Town’s

  Assessed

  Value

  	
   

  	
  Court

  Ordered

  Reduction

  	
   

  
	
  20.16-2-4

  	
   

  	
  842,393

  	
   

  	
  78,848

  	
   

  	
  203,750

  	
   

  	
  124,902

  	
   

  
	
  21.17-1-2

  	
   

  	
  498,407

  	
   

  	
  46,651

  	
   

  	
  120,550

  	
   

  	
  73,899

  	
   

  
	
  21.17-1-3

  	
   

  	
  66,151

  	
   

  	
  6,192

  	
   

  	
  16,000

  	
   

  	
  9,808

  	
   

  
	
  21.17-1-4

  	
   

  	
  88,891

  	
   

  	
  8,320

  	
   

  	
  21,500

  	
   

  	
  13,180

  	
   

  
	
  21.17-1-5

  	
   

  	
  279,075

  	
   

  	
  26,121

  	
   

  	
  67,500

  	
   

  	
  41,379

  	
   

  
	
  26.07-4-4

  	
   

  	
  111,010

  	
   

  	
  10,391

  	
   

  	
  26,850

  	
   

  	
  16,459

  	
   

  
	
  26.07-4-5

  	
   

  	
  15,504

  	
   

  	
  1,451

  	
   

  	
  3,750

  	
   

  	
  2,299

  	
   

  
	
  26.07-4-6

  	
   

  	
  10,543

  	
   

  	
  987

  	
   

  	
  2,550

  	
   

  	
  1,563

  	
   

  
	
  26.07-5-71

  	
   

  	
  115,144

  	
   

  	
  10,778

  	
   

  	
  27,850

  	
   

  	
  17,072

  	
   

  
	
  26.07-5-72

  	
   

  	
  66,151

  	
   

  	
  6,192

  	
   

  	
  16,000

  	
   

  	
  9,808

  	
   

  
	
  26.08-2-39

  	
   

  	
  98,193

  	
   

  	
  9,191

  	
   

  	
  23,750

  	
   

  	
  14,559

  	
   

  
	
  26.08-3-32

  	
   

  	
  160,210

  	
   

  	
  14,996

  	
   

  	
  38,750

  	
   

  	
  23,754

  	
   

  
	
  26.08-3-33

  	
   

  	
  64,084

  	
   

  	
  5,998

  	
   

  	
  15,500

  	
   

  	
  9,502

  	
   

  
	
  27.05-1-1

  	
   

  	
  246,620

  	
   

  	
  23,084

  	
   

  	
  59,650

  	
   

  	
  36,566

  	
   

  
	
  27.05-1-3

  	
   

  	
  273,907

  	
   

  	
  25,638

  	
   

  	
  66,250

  	
   

  	
  40,612

  	
   

  
	
  27.05-1-4

  	
   

  	
  103,981

  	
   

  	
  9,733

  	
   

  	
  25,150

  	
   

  	
  15,417

  	
   

  
	
  27.05-1-5

  	
   

  	
  70,286

  	
   

  	
  6,579

  	
   

  	
  17,000

  	
   

  	
  10,421

  	
   

  
	
  27.05-2-2

  	
   

  	
  2,481

  	
   

  	
  232

  	
   

  	
  600

  	
   

  	
  368

  	
   

  
	
  27.05-2-3

  	
   

  	
  5,168

  	
   

  	
  484

  	
   

  	
  1,250

  	
   

  	
  766

  	
   

  
	
  27.05-2-4

  	
   

  	
  20,672

  	
   

  	
  1,935

  	
   

  	
  5,000

  	
   

  	
  3,065

  	
   

  
	
  27.05-2-6

  	
   

  	
  23,417,501

  	
   

  	
  2,191,878

  	
   

  	
  5,664,000

  	
   

  	
  3,472,122

  	
   

  
	
  27.09-1-1

  	
   

  	
  4,961

  	
   

  	
  464

  	
   

  	
  1,200

  	
   

  	
  736

  	
   

  
	
  27.09-1-2

  	
   

  	
  18,192

  	
   

  	
  1,703

  	
   

  	
  4,400

  	
   

  	
  2,697

  	
   

  
	
  27.05-1-2

  	
   

  	
  38,291,170

  	
   

  	
  3,584,054

  	
   

  	
  9,261,500

  	
   

  	
  5,677,446

  	
   

  
	
  600-277.1

  	
   

  	
  41,344,459

  	
   

  	
  3,869,841

  	
   

  	
  10,000,000

  	
   

  	
  6,130,159

  	
   

  
	
  600-277.2

  	
   

  	
  41,344,459

  	
   

  	
  3,869,841

  	
   

  	
  10,000,000

  	
   

  	
  6,130,159

  	
   

  
	
  600-277.3

  	
   

  	
  41,344,459

  	
   

  	
  3,869,841

  	
   

  	
  10,000,000

  	
   

  	
  6,130,159

  	
   

  
	
  600-277.4

  	
   

  	
  41,344,459

  	
   

  	
  3,869,841

  	
   

  	
  10,000,000

  	
   

  	
  6,130,159

  	
   

  
	
  600-277.5

  	
   

  	
  41,344,459

  	
   

  	
  3,869,841

  	
   

  	
  10,000,000

  	
   

  	
  6,130,159

  	
   

  
	
  600-277.6

  	
   

  	
  41,344,459

  	
   

  	
  3,869,841

  	
   

  	
  10,000,000

  	
   

  	
  6,130,159

  	
   

  
	
  600-277.7

  	
   

  	
  23,186,799

  	
   

  	
  2,170,284

  	
   

  	
  4,062,415

  	
   

  	
  1,892,131

  	
   

  
	
  600-324

  	
   

  	
  3,821,468

  	
   

  	
  357,689

  	
   

  	
  924,300

  	
   

  	
  566,611

  	
   

  
	
  600-325

  	
   

  	
  1,054,284

  	
   

  	
  98,681

  	
   

  	
  255,000

  	
   

  	
  156,319

  	
   

  
	
  Totals

  	
   

  	
  341,000,000

  	
   

  	
  31,917,600

  	
   

  	
  80,932,015

  	
   

  	
  49,014,415

  	
   

  

 

 E-4
 

 

2001 Final Assessment
Rolls

Court Ordered Values and Reductions

	
  Tax ID No.

  	
   

  	
  Court

  Ordered

  Full Value

  	
   

  	
  Court

  Ordered

  Assessed

  Value

  	
   

  	
  Town’s

  Assessed

  Value

  	
   

  	
  Court

  Ordered

  Reduction

  	
   

  
	
  20.16-2-4

  	
   

  	
  690,712

  	
   

  	
  59,401

  	
   

  	
  203,750

  	
   

  	
  144,349

  	
   

  
	
  21.17-1-2

  	
   

  	
  408,664

  	
   

  	
  35,145

  	
   

  	
  120,550

  	
   

  	
  85,405

  	
   

  
	
  21.17-1-3

  	
   

  	
  54,240

  	
   

  	
  4,665

  	
   

  	
  16,000

  	
   

  	
  11,335

  	
   

  
	
  21.17-1-4

  	
   

  	
  72,885

  	
   

  	
  6,268

  	
   

  	
  21,500

  	
   

  	
  15,232

  	
   

  
	
  21.17-1-5

  	
   

  	
  228,825

  	
   

  	
  19,679

  	
   

  	
  67,500

  	
   

  	
  47,821

  	
   

  
	
  26.07-4-4

  	
   

  	
  91,021

  	
   

  	
  7,828

  	
   

  	
  26,850

  	
   

  	
  19,022

  	
   

  
	
  26.07-4-5

  	
   

  	
  12,712

  	
   

  	
  1,093

  	
   

  	
  3,750

  	
   

  	
  2,657

  	
   

  
	
  26.07-4-6

  	
   

  	
  8,644

  	
   

  	
  743

  	
   

  	
  2,550

  	
   

  	
  1,807

  	
   

  
	
  26.07-5-71

  	
   

  	
  94,411

  	
   

  	
  8,119

  	
   

  	
  27,850

  	
   

  	
  19,731

  	
   

  
	
  26.07-5-72

  	
   

  	
  54,240

  	
   

  	
  4,665

  	
   

  	
  16,000

  	
   

  	
  11,335

  	
   

  
	
  26.08-2-39

  	
   

  	
  80,512

  	
   

  	
  6,924

  	
   

  	
  23,750

  	
   

  	
  16,826

  	
   

  
	
  26.08-3-32

  	
   

  	
  131,362

  	
   

  	
  11,297

  	
   

  	
  38,750

  	
   

  	
  27,453

  	
   

  
	
  26.08-3-33

  	
   

  	
  52,545

  	
   

  	
  4,519

  	
   

  	
  15,500

  	
   

  	
  10,981

  	
   

  
	
  27.05-1-1

  	
   

  	
  202,213

  	
   

  	
  17,390

  	
   

  	
  59,650

  	
   

  	
  42,260

  	
   

  
	
  27.05-1-3

  	
   

  	
  224,587

  	
   

  	
  19,315

  	
   

  	
  66,250

  	
   

  	
  46,935

  	
   

  
	
  27.05-1-4

  	
   

  	
  85,258

  	
   

  	
  7,332

  	
   

  	
  25,150

  	
   

  	
  17,818

  	
   

  
	
  27.05-1-5

  	
   

  	
  57,630

  	
   

  	
  4,956

  	
   

  	
  17,000

  	
   

  	
  12,044

  	
   

  
	
  27.05-2-2

  	
   

  	
  2,034

  	
   

  	
  175

  	
   

  	
  600

  	
   

  	
  425

  	
   

  
	
  27.05-2-3

  	
   

  	
  4,237

  	
   

  	
  364

  	
   

  	
  1,250

  	
   

  	
  886

  	
   

  
	
  27.05-2-4

  	
   

  	
  16,950

  	
   

  	
  1,458

  	
   

  	
  5,000

  	
   

  	
  3,542

  	
   

  
	
  27.05-2-6

  	
   

  	
  19,200,937

  	
   

  	
  1,651,281

  	
   

  	
  5,664,000

  	
   

  	
  4,012,719

  	
   

  
	
  27.09-1-1

  	
   

  	
  4,068

  	
   

  	
  350

  	
   

  	
  1,200

  	
   

  	
  850

  	
   

  
	
  27.09-1-2

  	
   

  	
  14,916

  	
   

  	
  1,283

  	
   

  	
  4,400

  	
   

  	
  3,117

  	
   

  
	
  27.05-1-2

  	
   

  	
  31,396,447

  	
   

  	
  2,700,094

  	
   

  	
  9,261,500

  	
   

  	
  6,561,406

  	
   

  
	
  600-277.1

  	
   

  	
  33,899,959

  	
   

  	
  2,915,396

  	
   

  	
  10,000,000

  	
   

  	
  7,084,604

  	
   

  
	
  600-277.2

  	
   

  	
  33,899,959

  	
   

  	
  2,915,396

  	
   

  	
  10,000,000

  	
   

  	
  7,084,604

  	
   

  
	
  600-277.3

  	
   

  	
  33,899,959

  	
   

  	
  2,915,396

  	
   

  	
  10,000,000

  	
   

  	
  7,084,604

  	
   

  
	
  600-277.4

  	
   

  	
  33,899,959

  	
   

  	
  2,915,396

  	
   

  	
  10,000,000

  	
   

  	
  7,084,604

  	
   

  
	
  600-277.5

  	
   

  	
  33,899,959

  	
   

  	
  2,915,396

  	
   

  	
  10,000,000

  	
   

  	
  7,084,604

  	
   

  
	
  600-277.6

  	
   

  	
  33,899,959

  	
   

  	
  2,915,396

  	
   

  	
  10,000,000

  	
   

  	
  7,084,604

  	
   

  
	
  600-277.7

  	
   

  	
  19,011,775

  	
   

  	
  1,635,013

  	
   

  	
  4,062,415

  	
   

  	
  2,427,402

  	
   

  
	
  600-324

  	
   

  	
  3,133,373

  	
   

  	
  269,470

  	
   

  	
  924,300

  	
   

  	
  654,830

  	
   

  
	
  600-325

  	
   

  	
  864,449

  	
   

  	
  74,343

  	
   

  	
  255,000

  	
   

  	
  180,657

  	
   

  
	
  Totals

  	
   

  	
  279,599,400

  	
   

  	
  24,045,548

  	
   

  	
  80,932,015

  	
   

  	
  56,886,467

  	
   

  

 

 E-5
 

 

2002 Final Assessment
Rolls

Court Ordered Values and Reductions

	
  Tax ID No.

  	
   

  	
  Court

  Ordered

  Full Value

  	
   

  	
  Court

  Ordered

  Assessed

  Value

  	
   

  	
  Town’s

  Assessed

  Value

  	
   

  	
  Court

  Ordered

  Reduction

  	
   

  
	
  20.16-2-4

  	
   

  	
  1,015,319

  	
   

  	
  81,327

  	
   

  	
  203,750

  	
   

  	
  122,423

  	
   

  
	
  21.17-1-2

  	
   

  	
  600,720

  	
   

  	
  48,118

  	
   

  	
  120,550

  	
   

  	
  72,432

  	
   

  
	
  21.17-1-3

  	
   

  	
  79,731

  	
   

  	
  6,386

  	
   

  	
  16,000

  	
   

  	
  9,614

  	
   

  
	
  21.17-1-4

  	
   

  	
  107,138

  	
   

  	
  8,582

  	
   

  	
  21,500

  	
   

  	
  12,918

  	
   

  
	
  21.17-1-5

  	
   

  	
  336,363

  	
   

  	
  26,943

  	
   

  	
  67,500

  	
   

  	
  40,557

  	
   

  
	
  26.07-4-4

  	
   

  	
  133,798

  	
   

  	
  10,717

  	
   

  	
  26,850

  	
   

  	
  16,133

  	
   

  
	
  26.07-4-5

  	
   

  	
  18,687

  	
   

  	
  1,497

  	
   

  	
  3,750

  	
   

  	
  2,253

  	
   

  
	
  26.07-4-6

  	
   

  	
  12,707

  	
   

  	
  1,018

  	
   

  	
  2,550

  	
   

  	
  1,532

  	
   

  
	
  26.07-5-71

  	
   

  	
  138,781

  	
   

  	
  11,116

  	
   

  	
  27,850

  	
   

  	
  16,734

  	
   

  
	
  26.07-5-72

  	
   

  	
  79,731

  	
   

  	
  6,386

  	
   

  	
  16,000

  	
   

  	
  9,614

  	
   

  
	
  26.08-2-39

  	
   

  	
  118,350

  	
   

  	
  9,480

  	
   

  	
  23,750

  	
   

  	
  14,270

  	
   

  
	
  26.08-3-32

  	
   

  	
  193,097

  	
   

  	
  15,467

  	
   

  	
  38,750

  	
   

  	
  23,283

  	
   

  
	
  26.08-3-33

  	
   

  	
  77,239

  	
   

  	
  6,187

  	
   

  	
  15,500

  	
   

  	
  9,313

  	
   

  
	
  27.05-1-1

  	
   

  	
  297,245

  	
   

  	
  23,809

  	
   

  	
  59,650

  	
   

  	
  35,841

  	
   

  
	
  27.05-1-3

  	
   

  	
  330,134

  	
   

  	
  26,444

  	
   

  	
  66,250

  	
   

  	
  39,806

  	
   

  
	
  27.05-1-4

  	
   

  	
  125,326

  	
   

  	
  10,039

  	
   

  	
  25,150

  	
   

  	
  15,111

  	
   

  
	
  27.05-1-5

  	
   

  	
  84,714

  	
   

  	
  6,786

  	
   

  	
  17,000

  	
   

  	
  10,214

  	
   

  
	
  27.05-2-2

  	
   

  	
  2,990

  	
   

  	
  239

  	
   

  	
  600

  	
   

  	
  361

  	
   

  
	
  27.05-2-3

  	
   

  	
  6,229

  	
   

  	
  499

  	
   

  	
  1,250

  	
   

  	
  751

  	
   

  
	
  27.05-2-4

  	
   

  	
  24,916

  	
   

  	
  1,996

  	
   

  	
  5,000

  	
   

  	
  3,004

  	
   

  
	
  27.05-2-6

  	
   

  	
  28,224,613

  	
   

  	
  2,260,792

  	
   

  	
  5,664,000

  	
   

  	
  3,403,208

  	
   

  
	
  27.09-1-1

  	
   

  	
  5,980

  	
   

  	
  479

  	
   

  	
  1,200

  	
   

  	
  721

  	
   

  
	
  27.09-1-2

  	
   

  	
  21,926

  	
   

  	
  1,756

  	
   

  	
  4,400

  	
   

  	
  2,644

  	
   

  
	
  27.05-1-2

  	
   

  	
  46,151,528

  	
   

  	
  3,696,737

  	
   

  	
  9,261,500

  	
   

  	
  5,564,763

  	
   

  
	
  600-277.1

  	
   

  	
  49,831,591

  	
   

  	
  3,991,510

  	
   

  	
  10,000,000

  	
   

  	
  6,008,490

  	
   

  
	
  600-277.2

  	
   

  	
  49,831,591

  	
   

  	
  3,991,510

  	
   

  	
  10,000,000

  	
   

  	
  6,008,490

  	
   

  
	
  600-277.3

  	
   

  	
  49,831,591

  	
   

  	
  3,991,510

  	
   

  	
  10,000,000

  	
   

  	
  6,008,490

  	
   

  
	
  600-277.4

  	
   

  	
  49,831,591

  	
   

  	
  3,991,510

  	
   

  	
  10,000,000

  	
   

  	
  6,008,490

  	
   

  
	
  600-277.5

  	
   

  	
  49,831,591

  	
   

  	
  3,991,510

  	
   

  	
  10,000,000

  	
   

  	
  6,008,490

  	
   

  
	
  600-277.6

  	
   

  	
  49,831,591

  	
   

  	
  3,991,510

  	
   

  	
  10,000,000

  	
   

  	
  6,008,490

  	
   

  
	
  600-277.7

  	
   

  	
  27,946,553

  	
   

  	
  2,238,519

  	
   

  	
  4,062,415

  	
   

  	
  1,823,896

  	
   

  
	
  600-324

  	
   

  	
  4,605,934

  	
   

  	
  368,935

  	
   

  	
  924,300

  	
   

  	
  555,365

  	
   

  
	
  600-325

  	
   

  	
  1,270,706

  	
   

  	
  101,784

  	
   

  	
  255,000

  	
   

  	
  153,216

  	
   

  
	
  Totals

  	
   

  	
  411,000,000

  	
   

  	
  32,921,100

  	
   

  	
  80,932,015

  	
   

  	
  48,010,915

  	
   

  

 

 E-6
 

 

2003 Final Assessment
Rolls

Court Ordered Values and Reductions

	
  Tax ID No.

  	
   

  	
  Court

  Ordered

  Full Value

  	
   

  	
  Court

  Ordered

  Assessed

  Value

  	
   

  	
  Town’s

  Assessed

  Value

  	
   

  	
  Court

  Ordered

  Reduction

  	
   

  
	
  20.16-2-4

  	
   

  	
  934,830

  	
   

  	
  74,880

  	
   

  	
  203,750

  	
   

  	
  128,870

  	
   

  
	
  21.17-1-2

  	
   

  	
  553,098

  	
   

  	
  44,303

  	
   

  	
  120,550

  	
   

  	
  76,247

  	
   

  
	
  21.17-1-3

  	
   

  	
  73,410

  	
   

  	
  5,880

  	
   

  	
  16,000

  	
   

  	
  10,120

  	
   

  
	
  21.17-1-4

  	
   

  	
  98,645

  	
   

  	
  7,901

  	
   

  	
  21,500

  	
   

  	
  13,599

  	
   

  
	
  21.17-1-5

  	
   

  	
  309,698

  	
   

  	
  24,807

  	
   

  	
  67,500

  	
   

  	
  42,693

  	
   

  
	
  26.07-4-4

  	
   

  	
  123,191

  	
   

  	
  9,868

  	
   

  	
  26,850

  	
   

  	
  16,982

  	
   

  
	
  26.07-4-5

  	
   

  	
  17,205

  	
   

  	
  1,378

  	
   

  	
  3,750

  	
   

  	
  2,372

  	
   

  
	
  26.07-4-6

  	
   

  	
  11,700

  	
   

  	
  937

  	
   

  	
  2,550

  	
   

  	
  1,613

  	
   

  
	
  26.07-5-71

  	
   

  	
  127,779

  	
   

  	
  10,235

  	
   

  	
  27,850

  	
   

  	
  17,615

  	
   

  
	
  26.07-5-72

  	
   

  	
  73,410

  	
   

  	
  5,880

  	
   

  	
  16,000

  	
   

  	
  10,120

  	
   

  
	
  26.08-2-39

  	
   

  	
  108,968

  	
   

  	
  8,728

  	
   

  	
  23,750

  	
   

  	
  15,022

  	
   

  
	
  26.08-3-32

  	
   

  	
  177,790

  	
   

  	
  14,241

  	
   

  	
  38,750

  	
   

  	
  24,509

  	
   

  
	
  26.08-3-33

  	
   

  	
  71,116

  	
   

  	
  5,696

  	
   

  	
  15,500

  	
   

  	
  9,804

  	
   

  
	
  27.05-1-1

  	
   

  	
  273,682

  	
   

  	
  21,922

  	
   

  	
  59,650

  	
   

  	
  37,728

  	
   

  
	
  27.05-1-3

  	
   

  	
  303,963

  	
   

  	
  24,347

  	
   

  	
  66,250

  	
   

  	
  41,903

  	
   

  
	
  27.05-1-4

  	
   

  	
  115,391

  	
   

  	
  9,243

  	
   

  	
  25,150

  	
   

  	
  15,907

  	
   

  
	
  27.05-1-5

  	
   

  	
  77,998

  	
   

  	
  6,248

  	
   

  	
  17,000

  	
   

  	
  10,752

  	
   

  
	
  27.05-2-2

  	
   

  	
  2,753

  	
   

  	
  221

  	
   

  	
  600

  	
   

  	
  379

  	
   

  
	
  27.05-2-3

  	
   

  	
  5,735

  	
   

  	
  459

  	
   

  	
  1,250

  	
   

  	
  791

  	
   

  
	
  27.05-2-4

  	
   

  	
  22,941

  	
   

  	
  1,838

  	
   

  	
  5,000

  	
   

  	
  3,162

  	
   

  
	
  27.05-2-6

  	
   

  	
  25,987,126

  	
   

  	
  2,081,569

  	
   

  	
  5,664,000

  	
   

  	
  3,582,431

  	
   

  
	
  27.09-1-1

  	
   

  	
  5,506

  	
   

  	
  441

  	
   

  	
  1,200

  	
   

  	
  759

  	
   

  
	
  27.09-1-2

  	
   

  	
  20,188

  	
   

  	
  1,617

  	
   

  	
  4,400

  	
   

  	
  2,783

  	
   

  
	
  27.05-1-2

  	
   

  	
  42,492,897

  	
   

  	
  3,403,681

  	
   

  	
  9,261,500

  	
   

  	
  5,857,819

  	
   

  
	
  600-277.1

  	
   

  	
  45,881,225

  	
   

  	
  3,675,086

  	
   

  	
  10,000,000

  	
   

  	
  6,324,914

  	
   

  
	
  600-277.2

  	
   

  	
  45,881,225

  	
   

  	
  3,675,086

  	
   

  	
  10,000,000

  	
   

  	
  6,324,914

  	
   

  
	
  600-277.3

  	
   

  	
  45,881,225

  	
   

  	
  3,675,086

  	
   

  	
  10,000,000

  	
   

  	
  6,324,914

  	
   

  
	
  600-277.4

  	
   

  	
  45,881,225

  	
   

  	
  3,675,086

  	
   

  	
  10,000,000

  	
   

  	
  6,324,914

  	
   

  
	
  600-277.5

  	
   

  	
  45,881,225

  	
   

  	
  3,675,086

  	
   

  	
  10,000,000

  	
   

  	
  6,324,914

  	
   

  
	
  600-277.6

  	
   

  	
  45,881,225

  	
   

  	
  3,675,086

  	
   

  	
  10,000,000

  	
   

  	
  6,324,914

  	
   

  
	
  600-277.7

  	
   

  	
  25,731,109

  	
   

  	
  2,061,062

  	
   

  	
  4,062,415

  	
   

  	
  2,001,353

  	
   

  
	
  600-324

  	
   

  	
  4,240,802

  	
   

  	
  339,688

  	
   

  	
  924,300

  	
   

  	
  584,612

  	
   

  
	
  600-325

  	
   

  	
  1,169,971

  	
   

  	
  93,715

  	
   

  	
  255,000

  	
   

  	
  161,285

  	
   

  
	
  Totals

  	
   

  	
  378,418,254

  	
   

  	
  30,311,302

  	
   

  	
  80,932,015

  	
   

  	
  50,620,713

  	
   

  

 

 E-7
 

 

2004
and 2005 Final Assessment Rolls,

Each parcel identification number shall be reduced as follows:

	
  Tax ID No.

  	
   

  	
  Court

  Ordered

  Full Value

  	
   

  	
  Court

  Ordered

  Assessed

  Value

  	
   

  	
  Town’s

  Assessed

  Value

  	
   

  	
  Court

  Ordered

  Reduction

  	
   

  
	
  20.16-2-4

  	
   

  	
  934,830

  	
   

  	
  74,880

  	
   

  	
  203,750

  	
   

  	
  128,870

  	
   

  
	
  21.17-1-2

  	
   

  	
  553,098

  	
   

  	
  44,303

  	
   

  	
  120,550

  	
   

  	
  76,247

  	
   

  
	
  21.17-1-3

  	
   

  	
  73,410

  	
   

  	
  5,880

  	
   

  	
  16,000

  	
   

  	
  10,120

  	
   

  
	
  21.17-1-4

  	
   

  	
  98,645

  	
   

  	
  7,901

  	
   

  	
  21,500

  	
   

  	
  13,599

  	
   

  
	
  21.17-1-5

  	
   

  	
  309,698

  	
   

  	
  24,807

  	
   

  	
  67,500

  	
   

  	
  42,693

  	
   

  
	
  26.07-4-4

  	
   

  	
  123,191

  	
   

  	
  9,868

  	
   

  	
  26,850

  	
   

  	
  16,982

  	
   

  
	
  26.07-4-5

  	
   

  	
  17,205

  	
   

  	
  1,378

  	
   

  	
  3,750

  	
   

  	
  2,372

  	
   

  
	
  26.07-4-6

  	
   

  	
  11,700

  	
   

  	
  937

  	
   

  	
  2,550

  	
   

  	
  1,613

  	
   

  
	
  26.07-5-71

  	
   

  	
  127,779

  	
   

  	
  10,235

  	
   

  	
  27,850

  	
   

  	
  17,615

  	
   

  
	
  26.07-5-72

  	
   

  	
  73,410

  	
   

  	
  5,880

  	
   

  	
  16,000

  	
   

  	
  10,120

  	
   

  
	
  26.08-2-39

  	
   

  	
  108,968

  	
   

  	
  8,728

  	
   

  	
  23,750

  	
   

  	
  15,022

  	
   

  
	
  26.08-3-32

  	
   

  	
  177,790

  	
   

  	
  14,241

  	
   

  	
  38,750

  	
   

  	
  24,509

  	
   

  
	
  26.08-3-33

  	
   

  	
  71,116

  	
   

  	
  5,696

  	
   

  	
  15,500

  	
   

  	
  9,804

  	
   

  
	
  27.05-1-1

  	
   

  	
  273,682

  	
   

  	
  21,922

  	
   

  	
  59,650

  	
   

  	
  37,728

  	
   

  
	
  27.05-1-3

  	
   

  	
  303,963

  	
   

  	
  24,347

  	
   

  	
  66,250

  	
   

  	
  41,903

  	
   

  
	
  27.05-1-4

  	
   

  	
  115,391

  	
   

  	
  9,243

  	
   

  	
  25,150

  	
   

  	
  15,907

  	
   

  
	
  27.05-1-5

  	
   

  	
  77,998

  	
   

  	
  6,248

  	
   

  	
  17,000

  	
   

  	
  10,752

  	
   

  
	
  27.05-2-2

  	
   

  	
  2,753

  	
   

  	
  221

  	
   

  	
  600

  	
   

  	
  379

  	
   

  
	
  27.05-2-3

  	
   

  	
  5,735

  	
   

  	
  459

  	
   

  	
  1,250

  	
   

  	
  791

  	
   

  
	
  27.05-2-4

  	
   

  	
  22,941

  	
   

  	
  1,838

  	
   

  	
  5,000

  	
   

  	
  3,162

  	
   

  
	
  27.05-2-6

  	
   

  	
  25,987,126

  	
   

  	
  2,081,569

  	
   

  	
  5,664,000

  	
   

  	
  3,582,431

  	
   

  
	
  27.09-1-1

  	
   

  	
  5,506

  	
   

  	
  441

  	
   

  	
  1,200

  	
   

  	
  759

  	
   

  
	
  27.09-1-2

  	
   

  	
  20,188

  	
   

  	
  1,617

  	
   

  	
  4,400

  	
   

  	
  2,783

  	
   

  
	
  27.05-1-2

  	
   

  	
  42,492,897

  	
   

  	
  3,403,681

  	
   

  	
  9,261,500

  	
   

  	
  5,857,819

  	
   

  
	
  600-277.1

  	
   

  	
  45,881,225

  	
   

  	
  3,675,086

  	
   

  	
  10,000,000

  	
   

  	
  6,324,914

  	
   

  
	
  600-277.2

  	
   

  	
  45,881,225

  	
   

  	
  3,675,086

  	
   

  	
  10,000,000

  	
   

  	
  6,324,914

  	
   

  
	
  600-277.3

  	
   

  	
  45,881,225

  	
   

  	
  3,675,086

  	
   

  	
  10,000,000

  	
   

  	
  6,324,914

  	
   

  
	
  600-277.4

  	
   

  	
  45,881,225

  	
   

  	
  3,675,086

  	
   

  	
  10,000,000

  	
   

  	
  6,324,914

  	
   

  
	
  600-277.5

  	
   

  	
  45,881,225

  	
   

  	
  3,675,086

  	
   

  	
  10,000,000

  	
   

  	
  6,324,914

  	
   

  
	
  600-277.6

  	
   

  	
  45,881,225

  	
   

  	
  3,675,086

  	
   

  	
  10,000,000

  	
   

  	
  6,324,914

  	
   

  
	
  600-277.7

  	
   

  	
  25,731,109

  	
   

  	
  2,061,062

  	
   

  	
  4,062,415

  	
   

  	
  2,001,353

  	
   

  
	
  600-324

  	
   

  	
  4,240,802

  	
   

  	
  339,688

  	
   

  	
  924,300

  	
   

  	
  584,612

  	
   

  
	
  600-325

  	
   

  	
  1,169,971

  	
   

  	
  93,715

  	
   

  	
  255,000

  	
   

  	
  161,285

  	
   

  
	
  Totals

  	
   

  	
  378,418,254

  	
   

  	
  30,311,302

  	
   

  	
  80,932,015

  	
   

  	
  50,620,713

  	
   

  

 

 E-8
 

 

2006
Final Assessment Rolls,

Each parcel identification number shall be reduced as follows:

	
  Tax ID No.

  	
   

  	
  Court Determined

  Full Value

  	
   

  	
  Court Determined

  Assessed Value

  	
   

  
	
  20.16-2-4

  	
   

  	
  3,302,300

  	
   

  	
  3,302,300

  	
   

  
	
  21.17-1-2

  	
   

  	
  1,953,800

  	
   

  	
  1,953,800

  	
   

  
	
  21.17-1-3

  	
   

  	
  259,300

  	
   

  	
  259,300

  	
   

  
	
  21.17-1-4

  	
   

  	
  348,500

  	
   

  	
  348,500

  	
   

  
	
  21.17-1-5

  	
   

  	
  1,094,000

  	
   

  	
  1,094,000

  	
   

  
	
  26.07-4-4

  	
   

  	
  435,200

  	
   

  	
  435,200

  	
   

  
	
  26.07-4-5

  	
   

  	
  60,800

  	
   

  	
  60,800

  	
   

  
	
  26.07-4-6

  	
   

  	
  41,300

  	
   

  	
  41,300

  	
   

  
	
  26.07-5-71

  	
   

  	
  451,400

  	
   

  	
  451,400

  	
   

  
	
  26.07-5-72

  	
   

  	
  259,300

  	
   

  	
  259,300

  	
   

  
	
  26.08-2-39

  	
   

  	
  384,900

  	
   

  	
  384,900

  	
   

  
	
  26.08-3-32

  	
   

  	
  628,000

  	
   

  	
  628,000

  	
   

  
	
  26.08-3-33

  	
   

  	
  251,200

  	
   

  	
  251,200

  	
   

  
	
  27.05-1-1

  	
   

  	
  966,800

  	
   

  	
  966,800

  	
   

  
	
  27.05-1-3

  	
   

  	
  1,073,700

  	
   

  	
  1,073,700

  	
   

  
	
  27.05-1-4

  	
   

  	
  407,600

  	
   

  	
  407,600

  	
   

  
	
  27.05-1-5

  	
   

  	
  275,500

  	
   

  	
  275,500

  	
   

  
	
  27.05-2-2

  	
   

  	
  9,700

  	
   

  	
  9,700

  	
   

  
	
  27.05-2-3

  	
   

  	
  20,300

  	
   

  	
  20,300

  	
   

  
	
  27.05-2-4

  	
   

  	
  81,000

  	
   

  	
  81,000

  	
   

  
	
  27.05-2-6

  	
   

  	
  36,637,994

  	
   

  	
  36,637,994

  	
   

  
	
  27.09-1-1

  	
   

  	
  19,400

  	
   

  	
  19,400

  	
   

  
	
  27.09-1-2

  	
   

  	
  71,300

  	
   

  	
  71,300

  	
   

  
	
  27.05-1-2

  	
   

  	
  57,957,962

  	
   

  	
  57,957,962

  	
   

  
	
  622.089-9999-134.200/1001

  	
   

  	
  39,156,428

  	
   

  	
  39,156,428

  	
   

  
	
  622.089-9999-134.200/1011

  	
   

  	
  39,156,428

  	
   

  	
  39,156,428

  	
   

  
	
  622.089-9999-134.200/1021

  	
   

  	
  39,156,428

  	
   

  	
  39,156,428

  	
   

  
	
  622.089-9999-134.200/1031

  	
   

  	
  39,156,428

  	
   

  	
  39,156,428

  	
   

  
	
  622.089-9999-134.200/1041

  	
   

  	
  39,156,428

  	
   

  	
  39,156,428

  	
   

  
	
  622.089-9999-134.200/1051

  	
   

  	
  39,156,428

  	
   

  	
  39,156,428

  	
   

  
	
  622.089-9999-134.200/1061

  	
   

  	
  34,359,670

  	
   

  	
  34,359,670

  	
   

  
	
  622.003-9999-134.200/1001

  	
   

  	
  566,457

  	
   

  	
  566,457

  	
   

  
	
  622.003-9999-134.200/2011

  	
   

  	
  1,562,303

  	
   

  	
  1,562,303

  	
   

  
	
  Totals

  	
   

  	
  378,418,254

  	
   

  	
  378,418,254

  	
   

  

 

 E-9

 

EXHIBIT “F”

STONY
POINT FINAL ASSESSMENT ROLLS REDUCTIONS

AND ESTABLISHMENT OF ASSESSED VALUES

2000
Final Assessment Rolls

Court Ordered Values and Reductions

	
  Tax ID No.

  	
   

  	
  Court

  Ordered

  Full Value

  	
   

  	
  Court

  Ordered

  Assessed

  Value

  	
   

  	
  Town’s

  Assessed

  Value

  	
   

  	
  Court

  Ordered

  Reduction

  	
   

  
	
  10.02-3-17 MH

  	
   

  	
  134,190

  	
   

  	
  30,099

  	
   

  	
  50,725

  	
   

  	
  20,626

  	
   

  
	
  10.04-2-10 HM

  	
   

  	
  142,854

  	
   

  	
  32,042

  	
   

  	
  54,000

  	
   

  	
  21,958

  	
   

  
	
  10.04-2-11 IF

  	
   

  	
  14,457

  	
   

  	
  3,243

  	
   

  	
  5,465

  	
   

  	
  2,222

  	
   

  
	
  10.04-2-12 IV

  	
   

  	
  6,719

  	
   

  	
  1,507

  	
   

  	
  2,540

  	
   

  	
  1,033

  	
   

  
	
  10.04-2-13 JR

  	
   

  	
  74,601

  	
   

  	
  16,733

  	
   

  	
  28,200

  	
   

  	
  11,467

  	
   

  
	
  10.04-2-14 KK

  	
   

  	
  76,109

  	
   

  	
  17,071

  	
   

  	
  28,770

  	
   

  	
  11,699

  	
   

  
	
  10.04-2-15 LD

  	
   

  	
  103,437

  	
   

  	
  23,201

  	
   

  	
  39,100

  	
   

  	
  15,899

  	
   

  
	
  10.04-2-16 LW

  	
   

  	
  26,454

  	
   

  	
  5,934

  	
   

  	
  10,000

  	
   

  	
  4,066

  	
   

  
	
  10.04-2-17 MP

  	
   

  	
  17,989

  	
   

  	
  4,035

  	
   

  	
  6,800

  	
   

  	
  2,765

  	
   

  
	
  10.04-2-18 NI

  	
   

  	
  17,724

  	
   

  	
  3,976

  	
   

  	
  6,700

  	
   

  	
  2,724

  	
   

  
	
  10.04-2-19 OB

  	
   

  	
  1,322,719

  	
   

  	
  296,686

  	
   

  	
  500,000

  	
   

  	
  203,314

  	
   

  
	
  10.04-2-2 IG

  	
   

  	
  43,385

  	
   

  	
  9,731

  	
   

  	
  16,400

  	
   

  	
  6,669

  	
   

  
	
  10.04-2-3 IZ

  	
   

  	
  22,208

  	
   

  	
  4,981

  	
   

  	
  8,395

  	
   

  	
  3,414

  	
   

  
	
  10.04-2-4 JS

  	
   

  	
  61,903

  	
   

  	
  13,885

  	
   

  	
  23,400

  	
   

  	
  9,515

  	
   

  
	
  10.04-2-5 KL

  	
   

  	
  52,909

  	
   

  	
  11,867

  	
   

  	
  20,000

  	
   

  	
  8,133

  	
   

  
	
  10.04-2-6 LE

  	
   

  	
  4,418

  	
   

  	
  991

  	
   

  	
  1,670

  	
   

  	
  679

  	
   

  
	
  10.04-2-8 MQ

  	
   

  	
  42,327

  	
   

  	
  9,494

  	
   

  	
  16,000

  	
   

  	
  6,506

  	
   

  
	
  10.04-2-9 NJ

  	
   

  	
  29,100

  	
   

  	
  6,527

  	
   

  	
  11,000

  	
   

  	
  4,473

  	
   

  
	
  10.04-2-7 LX

  	
   

  	
  211,386,495

  	
   

  	
  47,413,991

  	
   

  	
  79,906,020

  	
   

  	
  32,492,029

  	
   

  
	
  Totals

  	
   

  	
  213,580,000

  	
   

  	
  47,905,994

  	
   

  	
  80,735,185

  	
   

  	
  32,829,191

  	
   

  

 

 F-1
 

 

2001
Final Assessment Rolls

Court Ordered Values and Reductions

	
  Tax ID No.

  	
   

  	
  Court

  Ordered

  Full Value

  	
   

  	
  Court

  Ordered

  Assessed

  Value

  	
   

  	
  Town’s

  Assessed

  Value

  	
   

  	
  Court

  Ordered

  Reduction

  	
   

  
	
  10.02-3-17 MH

  	
   

  	
  141,902

  	
   

  	
  29,700

  	
   

  	
  50,725

  	
   

  	
  21,025

  	
   

  
	
  10.04-2-10 HM

  	
   

  	
  151,063

  	
   

  	
  31,618

  	
   

  	
  54,000

  	
   

  	
  22,382

  	
   

  
	
  10.04-2-11 IF

  	
   

  	
  15,288

  	
   

  	
  3,200

  	
   

  	
  5,465

  	
   

  	
  2,265

  	
   

  
	
  10.04-2-12 IV

  	
   

  	
  7,106

  	
   

  	
  1,487

  	
   

  	
  2,540

  	
   

  	
  1,053

  	
   

  
	
  10.04-2-13 JR

  	
   

  	
  78,889

  	
   

  	
  16,511

  	
   

  	
  28,200

  	
   

  	
  11,689

  	
   

  
	
  10.04-2-14 KK

  	
   

  	
  80,483

  	
   

  	
  16,845

  	
   

  	
  28,770

  	
   

  	
  11,925

  	
   

  
	
  10.04-2-15 LD

  	
   

  	
  109,381

  	
   

  	
  22,893

  	
   

  	
  39,100

  	
   

  	
  16,207

  	
   

  
	
  10.04-2-16 LW

  	
   

  	
  27,975

  	
   

  	
  5,855

  	
   

  	
  10,000

  	
   

  	
  4,145

  	
   

  
	
  10.04-2-17 MP

  	
   

  	
  19,023

  	
   

  	
  3,981

  	
   

  	
  6,800

  	
   

  	
  2,819

  	
   

  
	
  10.04-2-18 NI

  	
   

  	
  18,743

  	
   

  	
  3,923

  	
   

  	
  6,700

  	
   

  	
  2,777

  	
   

  
	
  10.04-2-19 OB

  	
   

  	
  1,398,734

  	
   

  	
  292,755

  	
   

  	
  500,000

  	
   

  	
  207,245

  	
   

  
	
  10.04-2-2 IG

  	
   

  	
  45,878

  	
   

  	
  9,602

  	
   

  	
  16,400

  	
   

  	
  6,798

  	
   

  
	
  10.04-2-3 IZ

  	
   

  	
  23,485

  	
   

  	
  4,915

  	
   

  	
  8,395

  	
   

  	
  3,480

  	
   

  
	
  10.04-2-4 JS

  	
   

  	
  65,461

  	
   

  	
  13,701

  	
   

  	
  23,400

  	
   

  	
  9,699

  	
   

  
	
  10.04-2-5 KL

  	
   

  	
  55,949

  	
   

  	
  11,710

  	
   

  	
  20,000

  	
   

  	
  8,290

  	
   

  
	
  10.04-2-6 LE

  	
   

  	
  4,672

  	
   

  	
  978

  	
   

  	
  1,670

  	
   

  	
  692

  	
   

  
	
  10.04-2-8 MQ

  	
   

  	
  44,759

  	
   

  	
  9,368

  	
   

  	
  16,000

  	
   

  	
  6,632

  	
   

  
	
  10.04-2-9 NJ

  	
   

  	
  30,772

  	
   

  	
  6,441

  	
   

  	
  11,000

  	
   

  	
  4,559

  	
   

  
	
  10.04-2-7 LX

  	
   

  	
  223,534,460

  	
   

  	
  46,785,763

  	
   

  	
  79,906,020

  	
   

  	
  33,120,257

  	
   

  
	
  Totals

  	
   

  	
  225,854,022

  	
   

  	
  47,271,247

  	
   

  	
  80,735,185

  	
   

  	
  33,463,938

  	
   

  

 

 F-2
 

 

2002
Final Assessment Rolls

Court Ordered Values and Reductions

	
  Tax ID No.

  	
   

  	
  Court

  Ordered

  Full Value

  	
   

  	
  Court

  Ordered

  Assessed

  Value

  	
   

  	
  Town’s

  Assessed

  Value

  	
   

  	
  Court

  Ordered

  Reduction

  	
   

  
	
  10.02-3-17 MH

  	
   

  	
  146,998

  	
   

  	
  28,459

  	
   

  	
  50,725

  	
   

  	
  22,266

  	
   

  
	
  10.04-2-10 HM

  	
   

  	
  156,489

  	
   

  	
  30,296

  	
   

  	
  54,000

  	
   

  	
  23,704

  	
   

  
	
  10.04-2-11 IF

  	
   

  	
  15,837

  	
   

  	
  3,066

  	
   

  	
  5,465

  	
   

  	
  2,399

  	
   

  
	
  10.04-2-12 IV

  	
   

  	
  7,361

  	
   

  	
  1,425

  	
   

  	
  2,540

  	
   

  	
  1,115

  	
   

  
	
  10.04-2-13 JR

  	
   

  	
  81,722

  	
   

  	
  15,821

  	
   

  	
  28,200

  	
   

  	
  12,379

  	
   

  
	
  10.04-2-14 KK

  	
   

  	
  83,374

  	
   

  	
  16,141

  	
   

  	
  28,770

  	
   

  	
  12,629

  	
   

  
	
  10.04-2-15 LD

  	
   

  	
  113,309

  	
   

  	
  21,937

  	
   

  	
  39,100

  	
   

  	
  17,163

  	
   

  
	
  10.04-2-16 LW

  	
   

  	
  28,979

  	
   

  	
  5,610

  	
   

  	
  10,000

  	
   

  	
  4,390

  	
   

  
	
  10.04-2-17 MP

  	
   

  	
  19,706

  	
   

  	
  3,815

  	
   

  	
  6,800

  	
   

  	
  2,985

  	
   

  
	
  10.04-2-18 NI

  	
   

  	
  19,416

  	
   

  	
  3,759

  	
   

  	
  6,700

  	
   

  	
  2,941

  	
   

  
	
  10.04-2-19 OB

  	
   

  	
  1,448,971

  	
   

  	
  280,521

  	
   

  	
  500,000

  	
   

  	
  219,479

  	
   

  
	
  10.04-2-2 IG

  	
   

  	
  47,526

  	
   

  	
  9,201

  	
   

  	
  16,400

  	
   

  	
  7,199

  	
   

  
	
  10.04-2-3 IZ

  	
   

  	
  24,328

  	
   

  	
  4,710

  	
   

  	
  8,395

  	
   

  	
  3,685

  	
   

  
	
  10.04-2-4 JS

  	
   

  	
  67,812

  	
   

  	
  13,128

  	
   

  	
  23,400

  	
   

  	
  10,272

  	
   

  
	
  10.04-2-5 KL

  	
   

  	
  57,959

  	
   

  	
  11,221

  	
   

  	
  20,000

  	
   

  	
  8,779

  	
   

  
	
  10.04-2-6 LE

  	
   

  	
  4,840

  	
   

  	
  937

  	
   

  	
  1,670

  	
   

  	
  733

  	
   

  
	
  10.04-2-8 MQ

  	
   

  	
  46,367

  	
   

  	
  8,977

  	
   

  	
  16,000

  	
   

  	
  7,023

  	
   

  
	
  10.04-2-9 NJ

  	
   

  	
  31,877

  	
   

  	
  6,171

  	
   

  	
  11,000

  	
   

  	
  4,829

  	
   

  
	
  10.04-2-7 LX

  	
   

  	
  231,562,936

  	
   

  	
  44,830,584

  	
   

  	
  79,906,020

  	
   

  	
  35,075,436

  	
   

  
	
  Totals

  	
   

  	
  233,965,807

  	
   

  	
  45,295,780

  	
   

  	
  80,735,185

  	
   

  	
  35,439,405

  	
   

  

 

 F-3
 

 

2003,
2004, 2005, and 2006 Final Assessment Rolls

Court Ordered Values and Reductions

	
  Tax ID No.

  	
   

  	
  Court

  Ordered

  Full Value

  	
   

  	
  Court

  Ordered

  Assessed

  Value

  	
   

  	
  Town’s

  Assessed

  Value

  	
   

  	
  Court

  Ordered

  Reduction

  	
   

  
	
  10.02-3-17 MH

  	
   

  	
  143,041

  	
   

  	
  23,974

  	
   

  	
  50,725

  	
   

  	
  26,751

  	
   

  
	
  10.04-2-10 HM

  	
   

  	
  152,277

  	
   

  	
  25,522

  	
   

  	
  54,000

  	
   

  	
  28,478

  	
   

  
	
  10.04-2-11 IF

  	
   

  	
  15,411

  	
   

  	
  2,583

  	
   

  	
  5,465

  	
   

  	
  2,882

  	
   

  
	
  10.04-2-12 IV

  	
   

  	
  7,163

  	
   

  	
  1,200

  	
   

  	
  2,540

  	
   

  	
  1,339

  	
   

  
	
  10.04-2-13 JR

  	
   

  	
  79,522

  	
   

  	
  13,328

  	
   

  	
  28,200

  	
   

  	
  14,872

  	
   

  
	
  10.04-2-14 KK

  	
   

  	
  81,130

  	
   

  	
  13,597

  	
   

  	
  28,770

  	
   

  	
  15,173

  	
   

  
	
  10.04-2-15 LD

  	
   

  	
  110,259

  	
   

  	
  18,479

  	
   

  	
  39,100

  	
   

  	
  20,621

  	
   

  
	
  10.04-2-16 LW

  	
   

  	
  28,199

  	
   

  	
  4,726

  	
   

  	
  10,000

  	
   

  	
  5,274

  	
   

  
	
  10.04-2-17 MP

  	
   

  	
  19,176

  	
   

  	
  3,214

  	
   

  	
  6,800

  	
   

  	
  3,586

  	
   

  
	
  10.04-2-18 NI

  	
   

  	
  18,894

  	
   

  	
  3,167

  	
   

  	
  6,700

  	
   

  	
  3,533

  	
   

  
	
  10.04-2-19 OB

  	
   

  	
  1,409,968

  	
   

  	
  236,311

  	
   

  	
  500,000

  	
   

  	
  263,689

  	
   

  
	
  10.04-2-2 IG

  	
   

  	
  46,247

  	
   

  	
  7,751

  	
   

  	
  16,400

  	
   

  	
  8,649

  	
   

  
	
  10.04-2-3 IZ

  	
   

  	
  23,673

  	
   

  	
  3,968

  	
   

  	
  8,395

  	
   

  	
  4,427

  	
   

  
	
  10.04-2-4 JS

  	
   

  	
  65,986

  	
   

  	
  11,059

  	
   

  	
  23,400

  	
   

  	
  12,341

  	
   

  
	
  10.04-2-5 KL

  	
   

  	
  56,399

  	
   

  	
  9,452

  	
   

  	
  20,000

  	
   

  	
  10,548

  	
   

  
	
  10.04-2-6 LE

  	
   

  	
  4,709

  	
   

  	
  789

  	
   

  	
  1,670

  	
   

  	
  881

  	
   

  
	
  10.04-2-8 MQ

  	
   

  	
  45,119

  	
   

  	
  7,562

  	
   

  	
  16,000

  	
   

  	
  8,438

  	
   

  
	
  10.04-2-9 NJ

  	
   

  	
  31,019

  	
   

  	
  5,199

  	
   

  	
  11,000

  	
   

  	
  5,801

  	
   

  
	
  10.04-2-7 LX

  	
   

  	
  225,329,798

  	
   

  	
  37,765,274

  	
   

  	
  79,906,020

  	
   

  	
  42,140,746

  	
   

  
	
  Totals

  	
   

  	
  227,667,990

  	
   

  	
  38,157,155

  	
   

  	
  80,735,185

  	
   

  	
  42,578,030

  	
   

  

 

 F-4

 

EXHIBIT “G”

HAVERSTRAW
VILLAGE FINAL ASSESSMENT ROLLS 

REDUCTIONS AND ESTABLISHMENT OF ASSESSED VALUES

2001 Final Assessment
Roll

Court
Ordered Values and Reductions

	
  Tax ID No.

  	
   

  	
  Court 

  Ordered 

  Full Value

  	
   

  	
  Court 

  Ordered 

  Assessed 

  Value

  	
   

  	
  Village’s 

  Assessed 

  Value

  	
   

  	
  Court 

  Ordered 

  Reduction

  	
   

  
	
  27.05-2-6

  	
   

  	
  19,200,937

  	
   

  	
  2,701,572

  	
   

  	
  8,496,075

  	
   

  	
  5,794,503

  	
   

  

 

2002
Final Assessment Roll

Court Ordered Values and Reductions

	
  Tax ID No.

  	
   

  	
  Court 

  Ordered 

  Full Value

  	
   

  	
  Court 

  Ordered 

  Assessed 

  Value

  	
   

  	
  Village’s 

  Assessed 

  Value

  	
   

  	
  Court 

  Ordered 

  Reduction

  	
   

  
	
  27.05-2-6

  	
   

  	
  28,224,613

  	
   

  	
  3,815,968

  	
   

  	
  8,496,075

  	
   

  	
  4,680,107

  	
   

  

 

2003,
2004, 2005 and 2006 Final Assessment Rolls

Court Ordered Values and Reductions

	
  Tax ID No.

  	
   

  	
  Court 

  Ordered 

  Full Value

  	
   

  	
  Court 

  Ordered 

  Assessed 

  Value

  	
   

  	
  Village’s 

  Assessed 

  Value

  	
   

  	
  Court 

  Ordered 

  Reduction

  	
   

  
	
  27.05-2-6

  	
   

  	
  25,987,126

  	
   

  	
  3,261,384

  	
   

  	
  8,496,075

  	
   

  	
  5,234,691

  	
   

  

 

 G-1

 

EXHIBIT “H”

WEST
HAVERSTRAW VILLAGE FINAL ASSESSMENT ROLLS 

REDUCTIONS AND ESTABLISHMENT OF ASSESSED VALUES

1996 Final Assessment
Roll

Court
Ordered Values and Reductions

	
  Tax ID No.

  	
   

  	
  Court 

  Ordered 

  Full Value

  	
   

  	
  Court 

  Ordered 

  Assessed 

  Value

  	
   

  	
  Village’s 

  Assessed 

  Value

  	
   

  	
  Court 

  Ordered 

  Reduction

  	
   

  
	
  600.00-324

  	
   

  	
  4,487,895

  	
   

  	
  775,060

  	
   

  	
  1,450,000

  	
   

  	
  674,940

  	
   

  

 

1997
Final Assessment Roll

Court Ordered Values and Reductions

	
  Tax ID No.

  	
   

  	
  Court 

  Ordered 

  Full Value

  	
   

  	
  Court 

  Ordered 

  Assessed 

  Value

  	
   

  	
  Village’s 

  Assessed 

  Value

  	
   

  	
  Court 

  Ordered 

  Reduction

  	
   

  
	
  600.00-324

  	
   

  	
  4,487,895

  	
   

  	
  772,816

  	
   

  	
  1,450,000

  	
   

  	
  677,184

  	
   

  

 

1998
Final Assessment Roll

Court Ordered Values and Reductions

	
  Tax ID No.

  	
   

  	
  Court 

  Ordered 

  Full Value

  	
   

  	
  Court 

  Ordered 

  Assessed 

  Value

  	
   

  	
  Village’s 

  Assessed 

  Value

  	
   

  	
  Court 

  Ordered 

  Reduction

  	
   

  
	
  600.00-324

  	
   

  	
  4,624,370

  	
   

  	
  830,537

  	
   

  	
  1,450,000

  	
   

  	
  619,463

  	
   

  

 

1999
Final Assessment Roll

Court Ordered Values and Reductions

	
  Tax ID No.

  	
   

  	
  Court 

  Ordered 

  Full Value

  	
   

  	
  Court 

  Ordered 

  Assessed 

  Value

  	
   

  	
  Village’s 

  Assessed 

  Value

  	
   

  	
  Court 

  Ordered 

  Reduction

  	
   

  
	
  600.00-324

  	
   

  	
  4,917,849

  	
   

  	
  887,672

  	
   

  	
  1,450,000

  	
   

  	
  562,328

  	
   

  

 

 H-1
 

 

2000 Final Assessment Roll

Court Ordered Values and Reductions

	
  Tax ID No.

  	
   

  	
  Court 

  Ordered 

  Full Value

  	
   

  	
  Court 

  Ordered 

  Assessed 

  Value

  	
   

  	
  Village’s 

  Assessed 

  Value

  	
   

  	
  Court 

  Ordered 

  Reduction

  	
   

  
	
  NOT CHALLENGED

  	
   

  

 

2001
Final Assessment Roll

Court Ordered Values and Reductions

	
  Tax ID No.

  	
   

  	
  Court 

  Ordered Full 

  Value

  	
   

  	
  Court 

  Ordered 

  Assessed 

  Value

  	
   

  	
  Village’s 

  Assessed 

  Value

  	
   

  	
  Court 

  Ordered 

  Reduction

  	
   

  
	
  26.7-4-4

  	
   

  	
  91,021

  	
   

  	
  12,916

  	
   

  	
  40,300

  	
   

  	
  27,384

  	
   

  
	
  26.7-4-5

  	
   

  	
  12,712

  	
   

  	
  1,804

  	
   

  	
  5,900

  	
   

  	
  4,096

  	
   

  
	
  26.7-4-6

  	
   

  	
  8,644

  	
   

  	
  1,227

  	
   

  	
  4,000

  	
   

  	
  2,773

  	
   

  
	
  26.7-5-71

  	
   

  	
  94,411

  	
   

  	
  13,397

  	
   

  	
  41,650

  	
   

  	
  28,253

  	
   

  
	
  26.7-5-72

  	
   

  	
  54,240

  	
   

  	
  7,697

  	
   

  	
  24,000

  	
   

  	
  16,303

  	
   

  
	
  26.8-2-39

  	
   

  	
  80,512

  	
   

  	
  11,425

  	
   

  	
  37,500

  	
   

  	
  26,075

  	
   

  
	
  26.8-3-32

  	
   

  	
  131,362

  	
   

  	
  18,640

  	
   

  	
  58,100

  	
   

  	
  39,460

  	
   

  
	
  26.8-3-33

  	
   

  	
  52,545

  	
   

  	
  7,456

  	
   

  	
  23,250

  	
   

  	
  15,794

  	
   

  
	
  600.00-324

  	
   

  	
  3,133,373

  	
   

  	
  444,626

  	
   

  	
  1,450,000

  	
   

  	
  1,005,374

  	
   

  
	
  600.00-325

  	
   

  	
  864,449

  	
   

  	
  122,665

  	
   

  	
  400,000

  	
   

  	
  277,335

  	
   

  
	
  Totals

  	
   

  	
  4,523,269

  	
   

  	
  641,853

  	
   

  	
  2,084,700

  	
   

  	
  1,442,847

  	
   

  

 

2002
Final Assessment Roll

Court Ordered Values and Reductions

	
  Tax ID No.

  	
   

  	
  Court 

  Ordered Full 

  Value

  	
   

  	
  Court 

  Ordered 

  Assessed 

  Value

  	
   

  	
  Village’s 

  Assessed 

  Value

  	
   

  	
  Court 

  Ordered 

  Reduction

  	
   

  
	
  26.7-4-4

  	
   

  	
  133,798

  	
   

  	
  17,822

  	
   

  	
  40,300

  	
   

  	
  22,478

  	
   

  
	
  26.7-4-5

  	
   

  	
  18,687

  	
   

  	
  2,489

  	
   

  	
  5,900

  	
   

  	
  3,411

  	
   

  
	
  26.7-4-6

  	
   

  	
  12,707

  	
   

  	
  1,693

  	
   

  	
  4,000

  	
   

  	
  2,307

  	
   

  
	
  26.7-5-71

  	
   

  	
  138,781

  	
   

  	
  18,486

  	
   

  	
  41,650

  	
   

  	
  23,164

  	
   

  
	
  26.7-5-72

  	
   

  	
  79,731

  	
   

  	
  10,620

  	
   

  	
  24,000

  	
   

  	
  13,380

  	
   

  
	
  26.8-2-39

  	
   

  	
  118,350

  	
   

  	
  15,764

  	
   

  	
  37,500

  	
   

  	
  21,736

  	
   

  
	
  26.8-3-32

  	
   

  	
  193,097

  	
   

  	
  25,721

  	
   

  	
  58,100

  	
   

  	
  32,379

  	
   

  
	
  26.8-3-33

  	
   

  	
  77,239

  	
   

  	
  10,288

  	
   

  	
  23,250

  	
   

  	
  12,962

  	
   

  
	
  600.00-324

  	
   

  	
  4,605,934

  	
   

  	
  613,510

  	
   

  	
  1,450,000

  	
   

  	
  836,490

  	
   

  
	
  600.00-325

  	
   

  	
  1,270,706

  	
   

  	
  169,258

  	
   

  	
  400,000

  	
   

  	
  230,742

  	
   

  
	
  Totals

  	
   

  	
  6,649,029

  	
   

  	
  885,651

  	
   

  	
  2,084,700

  	
   

  	
  1,199,049

  	
   

  

 

 H-2
 

 

2003
Final Assessment Roll

Court Ordered Values and Reductions

	
  Tax ID No.

  	
   

  	
  Court 

  Ordered Full 

  Value

  	
   

  	
  Court 

  Ordered 

  Assessed 

  Value

  	
   

  	
  Village’s 

  Assessed 

  Value

  	
   

  	
  Court 

  Ordered 

  Reduction

  	
   

  
	
  26.7-4-4

  	
   

  	
  123,191

  	
   

  	
  9,868

  	
   

  	
  40,300

  	
   

  	
  30,432

  	
   

  
	
  26.7-4-5

  	
   

  	
  17,205

  	
   

  	
  1,378

  	
   

  	
  5,900

  	
   

  	
  4,522

  	
   

  
	
  26.7-4-6

  	
   

  	
  11,700

  	
   

  	
  937

  	
   

  	
  4,000

  	
   

  	
  3,063

  	
   

  
	
  26.7-5-71

  	
   

  	
  127,779

  	
   

  	
  10,235

  	
   

  	
  41,650

  	
   

  	
  31,415

  	
   

  
	
  26.7-5-72

  	
   

  	
  73,410

  	
   

  	
  5,880

  	
   

  	
  24,000

  	
   

  	
  18,120

  	
   

  
	
  26.8-2-39

  	
   

  	
  108,968

  	
   

  	
  8,728

  	
   

  	
  37,500

  	
   

  	
  28,772

  	
   

  
	
  26.8-3-32

  	
   

  	
  177,790

  	
   

  	
  14,241

  	
   

  	
  58,100

  	
   

  	
  43,859

  	
   

  
	
  26.8-3-33

  	
   

  	
  71,116

  	
   

  	
  5,696

  	
   

  	
  23,250

  	
   

  	
  17,554

  	
   

  
	
  600.00-324

  	
   

  	
  4,240,802

  	
   

  	
  339,688

  	
   

  	
  1,450,000

  	
   

  	
  1,110,312

  	
   

  
	
  600.00-325

  	
   

  	
  1,169,971

  	
   

  	
  93,715

  	
   

  	
  400,000

  	
   

  	
  306,285

  	
   

  
	
  Totals

  	
   

  	
  6,121,932

  	
   

  	
  490,367

  	
   

  	
  2,084,700

  	
   

  	
  1,594,333

  	
   

  

 

2004, 2005 and 2006 Final Assessment Rolls

Court Ordered Values and Reductions

	
  Tax ID No.

  	
   

  	
  Court 

  Ordered 

  Full Value

  	
   

  	
  Court 

  Ordered 

  Assessed 

  Value

  	
   

  	
  Village’s 

  Assessed 

  Value

  	
   

  	
  Court 

  Ordered 

  Reduction

  	
   

  
	
  SUBJECT TO
  HAVERSTRAW ASSESSMENT ROLL

  	
   

  

 

 H-3

 

EXHIBIT “I”

FORM OF HAVERSTRAW AND STONY
POINT

STIPULATION OF SETTLEMENT AND ORDER

	
  STATE OF NEW YORK 

  SUPREME COURT                             ROCKLAND
  COUNTY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  In the Matter of the Application of: 

  MIRANT NEW YORK, INC. and MIRANT BOWLINE, LLC, 

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Petitioners,

  	
   

  	
  Index Nos.   4264-04,        4726-05,
  

  
	
   

  	
   

  	
  5033-06 

  
	
  vs. 

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  THE ASSESSOR OF THE TOWN OF
  HAVERSTRAW, ET AL., 

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Respondents,

  	
   

  	
  STIPULATION and CONSENT 

  ORDER OF DISMISSAL

  
	
   

  	
   

  	
   

  
	
  COUNTY OF ROCKLAND and NORTH ROCKLAND CENTRAL 

  SCHOOL DISTRICT, 

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Intervenors-Respondents.

  	
   

  	
   

  

 

	
  PRESENT:

  	
  Hon. Thomas A. Dickerson

  
	
   

  	
  Supreme Court Justice

  

 

WHEREAS, the
parties entered into a Settlement Agreement (“Agreement”)(attached hereto as
Exhibit “A”), which Agreement the parties agree has been fully complied with;

WHEREAS, the parties seek to
dismiss the above-captioned proceedings, with prejudice; and

IT IS THEREFORE STIPULATED,
AGREED AND ORDERED, that the
above-captioned proceedings are hereby dismissed, with prejudice, with each
party to bear its own attorney fees and costs.

FOR:
RESPONDENTS and

INTERVENOR-RESPONDENT

North
Rockland Central School District

by its attorneys,

 I-1

 

 

	
  

  	
  WHITEMAN OSTERMAN & HANNA

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Jonathan P. Nye

  
	
   

  	
  One Commerce Plaza

  
	
   

  	
  Albany, New York 12260

  
	
   

  	
  (518) 487-7600

  

 

 I-2
 

 

 

	
  FOR:

  	
  PETITIONERS

  	
  FOR:

  	
  INTERVENOR-RESPONDENT

  
	
   

  	
  Mirant New York, Inc.

  	
   

  	
  County of Rockland

  
	
   

  	
  Mirant Bowline, LLC

  	
   

  	
   

  
	
   

  	
  by its attorneys

  	
   

  	
  by its attorney,

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  HISCOCK & BARCLAY, LLP

  	
   

  	
  PATRICIA ZUGIBE

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Lawrence A. Zimmerman

  	
   

  	
  Fina Del Principio

  
	
   

  	
  50 Beaver Street

  	
   

  	
  Principal Assistant County Attorney

  
	
   

  	
  Albany, New York 12207

  	
   

  	
  11 New Hempstead Road, 3rd Floor

  
	
   

  	
  (518) 429-4242

  	
   

  	
  New City, New York 10956

  
						

 

IT IS SO
ORDERED.

E N T E R

	
  Dated: 

  	
  December [    ], 2006

  	
   

  	
   

  
	
   

  	
  White Plains, New York

  	
  Thomas A. Dickerson

  
	
   

  	
   

  	
  Supreme Court Justice

  

 

 I-3
 

 

 

	
  STATE OF NEW YORK 

  SUPREME COURT                             ROCKLAND
  COUNTY

  	
   

  
	
   

  	
   

  
	
  In the Matter of the
  Application of: 

  MIRANT NEW YORK, INC. and MIRANT LOVETT, LLC,

  	
   

  
	
   

  	
   

  
	
  Petitioners,

  	
   

  
	
  vs.

  	
  STIPULATION and CONSENT ORDER 

  
	
   

  	
  OF DISMISSAL

  
	
  THE ASSESSOR OF THE TOWN OF STONY POINT, ET AL.,

  	
   

  
	
  Respondents,

  	
   

  
	
  COUNTY OF ROCKLAND and NORTH ROCKLAND CENTRAL SCHOOL
  DISTRICT,

  	
   

  
	
  Intervenors-Respondents.

  	
  Index Nos. 4265/04,
  2005-4727,2006-5032

  

 

	
  PRESENT:

  	
  Hon. Thomas A. Dickerson

  
	
   

  	
  Supreme Court Justice

  

 

WHEREAS, the
parties entered into a Settlement Agreement (“Agreement”)(attached hereto as
Exhibit “A”), which Agreement the parties agree has been fully complied with;

WHEREAS, the parties seek to
dismiss the above-captioned proceedings, with prejudice; and

IT IS THEREFORE STIPULATED,
AGREED AND ORDERED, that the
above-captioned proceedings are hereby dismissed, with prejudice, with each
party to bear its own attorney fees and costs.

	
  FOR:

  	
  INTERVENOR-RESPONDENT

  	
  FOR:

  	
  RESPONDENTS

  
	
   

  	
  North Rockland Central School District

  	
   

  	
  by its attorneys

  
	
   

  	
  by its attorneys,

  	
   

  	
   

  
	
   

  	
  WHITEMAN OSTERMAN & HANNA

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Jonathan P. Nye

  	
   

  	
  Dennis Lynch

  
	
   

  	
  One Commerce Plaza

  	
   

  	
   

  
	
   

  	
  Albany, New York 12260

  	
   

  	
   

  
	
   

  	
  (518) 487-7600

  	
   

  	
   

  

 

 I-4
 

 

 

	
  FOR:

  	
  PETITIONERS

  	
  FOR:

  	
  INTERVENOR-RESPONDENT

  
	
   

  	
  Mirant New York, Inc.

  	
   

  	
  County of Rockland

  
	
   

  	
  Mirant Lovett, LLC

  	
   

  	
   

  
	
   

  	
  by its attorneys

  	
   

  	
  by its attorney,

  
	
   

  	
  HISCOCK & BARCLAY, LLP

  	
   

  	
  PATRICIA ZUGIBE

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Lawrence A. Zimmerman

  	
   

  	
  Fina Del Principio

  
	
   

  	
  50 Beaver Street

  	
   

  	
  Principal Assistant County Attorney

  
	
   

  	
  Albany, New York 12207

  	
   

  	
  11 New Hempstead Road, 3rd Floor

  
	
   

  	
  (518) 429-4242

  	
   

  	
  New City, New York 10956

  
						

 

IT IS SO
ORDERED.

E N T E R

	
  Dated:

  	
  December [   ], 2006

  	
   

  	
   

  
	
   

  	
  White Plains, New York

  	
  Thomas A. Dickerson

  
	
   

  	
   

  	
  Supreme Court Justice

  

 

 

 I-5

 

EXHIBIT
“J”

FORM OF HAVERSTRAW VILLAGE

STIPULATION OF SETTLEMENT AND ORDER

	
  STATE OF NEW

  SUPREME COURT           
  ROCKLAND COUNTY

  	
   

  
	
  In the Matter of:

  SOUTHERN ENERGY BOWLINE, LLC, MIRANT NEW YORK, INC., MIRANT BOWLINE,
  LLC,

                                         Intervenors/Petitioners,

                  vs.

  THE ASSESSOR OF THE VILLAGE OF HAVERSTRAW, ET AL.,

                                       
  Respondents,

  	
  

  STIPULATION AND ORDER OF

  SETTLEMENT

  

  

  

  

  Index Nos.   
  2060/01, 2345/02, 2619/03,

  

  2483/04, 2712/06

  

 

	
  PRESENT:

  	
  Hon. Thomas A. Dickerson

  
	
   

  	
  Supreme Court Justice

  

 

WHEREAS, the above-captioned
proceedings were commenced pursuant to Article 7 of the Real Property Tax Law
(“RPTL”) 
by Petitioners, Southern Energy Bowline, LLC, Mirant New York, Inc. and
Mirant Bowline, LLC, in the Supreme Court of the State of New York to review
the real property tax assessments made by Respondents for each of the years
2001, 2002, 2003, 2004, 2005 and 2006 on premises of Petitioner described on
the Village of Haverstraw (“Village”) Final
Assessment Rolls as Parcel Number:

	
  Tax 

  Identification 

  Number

  	
   

  
	
  27.05-2-6

  	
   

  

 

being the real property (in whole or in part)
mentioned and more fully described in the Petitions filed;

 J-1
 

 

WHEREAS, the parties have
entered into a Settlement Agreement (“Agreement”) resolving the above-captioned
proceedings, which Agreement is attached hereto as Exhibit “A”, and
incorporated herein to the extent that relates to these proceedings;

WHEREAS,
it is the intention of the parties and the Court for this Stipulation and
Settlement Order (“Stipulation”) to effectuate and implement the terms of said
Agreement, such that the terms of the Agreement shall control to the extent
that there are any ambiguities or inconsistencies between this Stipulation and
the Agreement; and

IT IS THEREFORE STIPULATED,
AGREED AND ORDERED, that:

1.             The assessments for Petitioner’s
real property designated upon the assessment rolls for the Village for each of
the years 2001, 2002, 2003, 2004, 2005 and 2006 shall be reduced for tax
identification number 27.05-2-6, by
year, as follows:

	
   

  	
   

  	
  2001

  	
   

  	
  2002

  	
   

  	
  2003

  	
   

  	
  2004

  	
   

  	
  2005

  	
   

  	
  2006

  	
   

  
	
  Village Assessed Value

  	
   

  	
  8,496,075

  	
   

  	
  8,496,075

  	
   

  	
  8,496,075

  	
   

  	
  8,496,075

  	
   

  	
  8,496,075

  	
   

  	
  8,496,075

  	
   

  
	
  Court Ordered Assessed Value

  	
   

  	
  2,701,572

  	
   

  	
  3,815,968

  	
   

  	
  3,261,384

  	
   

  	
  3,261,384

  	
   

  	
  3,261,384

  	
   

  	
  3,261,384

  	
   

  

 

See Exhibit G to the Agreement.

2.             Respondent assessors or other
officers having custody of the assessment or tax rolls of the Village for each
of the years 2001, 2002, 2003, 2004, 2005 and 2006 shall forthwith correct and
revise the entries for the assessment of this property to reflect the
assessment reductions recited by making appropriate notations on said
assessment rolls.

3.             Petitioner shall recover from the
Village for using each of the 2001, 2002 and 2003 final assessment rolls of
said Village to levy taxes, the various principal amounts paid to such taxing
entities as and for excess taxes for each of the said 2001, 2002 and 2003
years, which results from 

 J-2
 

 

the difference between the
ordered final assessment (as set forth above for each of the said years of
2001, 2002 and 2003) and the Village’s stated assessment for the
above-described tax identification number for each of the years 2001, 2002 and
2003  (or other levying period for which
each of the 2001, 2002 and 2003 final assessment rolls were used).

4.             Notwithstanding the provisions of
RPTL § 726, paragraph 6, above, and the reductions set forth in paragraph 1,
above, the total refunds to be paid to Petitioners shall be $1,800,000,
provided such refunds are paid no later than the Payment Date, as defined in
the Agreement.  If said refunds are not
so paid or caused to be paid pursuant to Section 5 of the Agreement, then
refunds shall be determined and paid pursuant to Real Property Tax § 726.  Such payment shall be wired to: Mirant Bowline, LLC, 1155 Perimeter Center
West, Atlanta, Georgia 30338, or shall be offset or redirected as set forth in
Section 5 of the Agreement.

5.             To the extent of any
taxes owed for each of the tax years 2004, 2005 and 2006 relative to levies
made by the Village (“Unpaid Real Property Taxes”), said taxes (including
interest, penalties, charges, fees or other costs) are hereby discharged and
waived by the Village as against Petitioners. Such Unpaid Real Property Taxes
shall be paid or otherwise caused to be paid pursuant to Section 5 of the
Agreement.

6.             To the extent that
the Village is required to make any payments to the County of Rockland,
relative to the 2004, 2005 and 2006 tax years (applying the Town of Haverstraw
assessment rolls for each of the years 2003, 2004 and 2005, respectively), the
Village shall make said payments and shall not seek contribution or other
payment from Petitioners for the same.

7.             It is specifically agreed between
the parties that this Stipulation, any portion thereof, as well as all facts
pertaining to the negotiation and execution of this Stipulation shall be
inadmissible in any subsequent action or proceeding before any court of law or
administrative body 

 J-3
 

 

for any purpose, except that
this Stipulation and its provisions shall be admissible in any action or
proceeding for enforcement of its provisions.

8.             This Stipulation
shall be deemed as benefiting the Village in any pending tax certiorari proceeding
between the parties.

9.             The parties
represent that the individuals executing this Stipulation have been fully
authorized by their respective clients to enter into this Stipulation with full
and binding effect upon their clients, the parties to this proceeding.

10.           This Stipulation is the full, final and complete
Stipulation and it supersedes any prior oral or written agreement between the
parties.  Specifically, the parties are
entering into this Stipulation in order to save litigation expenses that would
be sustained if the issues herein could not be resolved amicably.

11.           This Stipulation may not be modified except by a
subsequent writing signed by the authorized representative of all the parties
to this Stipulation and approved by the Court.

12.           If any provision of this stipulation of settlement, or the
Order prepared in accordance herewith, shall be determined to be invalid,
illegal, null or void, or unenforceable to any extent, the remainder of this
Stipulation of Settlement and its application shall not be affected and shall 

be enforceable to the fullest extent permitted by
law.

IT IS
FURTHER ORDERED, that RPTL § 727 is not applicable to and/or is
otherwise waived with respect to any assessment rolls not covered by this
Stipulation and, more specifically, with respect to any final assessment rolls
of Haverstraw or Stony Point for the year 2007, or thereafter.

 J-4
 

 

IT IS
FURTHER ORDERED, that this Court will retain jurisdiction for any
disputes arising out of this Stipulation and any instruments executed by the
parties in furtherance thereof.

IT IS FURTHER ORDERED, that this
Stipulation is intended to effectuate and implement the terms of the Agreement,
and thereby, the terms of the Agreement shall control; and

IT IS FURTHER STIPULATED AND
ORDERED, that the above captioned proceedings are hereby discontinued, except
that Petitioner may re-open the proceedings for the sole purpose of enforcing
this Order, and for such other and further relief as the Court may deem
appropriate.

	
  FOR:

  	
  PETITIONER,

  	
  FOR:

  	
  RESPONDENTS

  
	
   

  	
  Mirant Bowline,
  LLC

  	
   

  	
    Village of Haverstraw,

  
	
   

  	
  by their attorneys

  	
   

  	
  by
  their attorneys

  
	
   

  	
  HISCOCK
  & BARCLAY, LLP

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By 

  	
   

  	
   

  	
  By

  	
   

  	
   

  
	
   

  	
  Mark D. Lansing

  	
   

  	
  Jay Hood

  
	
   

  	
  50 Beaver Street
  

  	
   

  	
   

  
	
   

  	
  Albany, New York
  12207

  	
   

  	
   

  
						

 

IT IS SO
ORDERED.

E N T E R

	
  Dated:

  	
   

  	
  , 2006

  	
   

  	
   

  
	
   

  	
  White Plains,
  New York

  	
   

  	
  Thomas A. Dickerson

  
	
   

  	
  Justice of the Supreme Court

  
						

 

 J-5

 

EXHIBIT “K”

FORM OF
WEST HAVERSTRAW VILLAGE

STIPULATION OF SETTLEMENT AND
ORDER

	
  STATE OF NEW

  SUPREME COURT

  	
  ROCKLAND COUNTY

  	
   

  	
   

  
	
  In the Matter of:

  

  SOUTHERN ENERGY BOWLINE, LLC, MIRANT

  NEW YORK, INC., MIRANT BOWLINE, LLC,

                                              Intervenors/Petitioners,

   

                           vs.

   

  THE ASSESSOR OF THE VILLAGE OF WEST HAVERSTRAW, ET
  AL.,

                                              Respondents,

  	
   

  	
   

   

  STIPULATION AND ORDER OF 

  SETTLEMENT

   

   

   

   

   

   

   

   

   

  Index Nos.2346/96, 2446-97, 2394-98, 2395-98,
  2396-98, 2397-98, 2398-98, 2308-99, 2061-01, 2343-02

  

 

PRESENT:                                    Hon. Thomas A.
Dickerson
 Supreme Court Justice

WHEREAS, Orange & Rockland
Utilities, Inc. (“O&R”) commenced tax certiorari proceedings in the New
York Court to review the assessments on certain of its real properties located
in the Village of West Haverstraw (“Respondents” or “West Haverstraw Village”)
as set forth on the 1996, 1997,  1998,
and 1999 final assessment rolls of West Haverstraw Village (the “1996 – 1999 West Haverstraw Village Proceedings”) and
identified as tax identification number 600-324;

WHEREAS, Southern Energy
Bowline, LLC (which is now known as Mirant Bowline, LLC following a name
change) or its predecessor subsequently purchased from O & R the property
that was the subject of the petitions in the 1996 – 1999 West Haverstraw
Village Proceedings, which properties are identified as Parcel Nos.

 K-1
 

 

 

	
  Tax

  Identification

  Number

  
	
  26.7-4-4

  
	
  26.7-4-5

  
	
  26.7-4-6

  
	
  26.7-5-71

  
	
  26.7-5-72

  
	
  26.8-2-39

  
	
  26.8-3-32

  
	
  26.8-3-33

  
	
  600-324

  
	
  600-325

  

 

(“Bowline Facility”);

WHEREAS, Mirant New York, Inc.
and/or Mirant Bowline, LLC commenced tax certiorari proceedings to review the
assessments on the Bowline Facility relating to West Haverstraw Village’s 2001
and 2002 final assessment rolls (the “2001 – 2002 West
Haverstraw Village Proceedings” and together with the 1996 – 1999
West Haverstraw Village Proceedings, the “West Haverstraw Village
Proceedings”);

WHEREAS, the parties have
entered into a Settlement Agreement (“Agreement”) resolving the above-captioned
proceedings, which Agreement is attached hereto as Exhibit “A”, and
incorporated herein to the extent that it relates to these proceedings;

WHEREAS,
it is the intention of the parties and the Court for this Stipulation to
effectuate and implement the terms of said Agreement, such that the terms of
the Agreement shall control to the extent that there are any ambiguities or
inconsistencies between this Stipulation and the Agreement; and

WHEREAS, the above-captioned
proceedings were commenced pursuant to Article 7 of the Real Property Tax Law,
and the parties have reached an agreement for compromise and settlement of all
proceedings referred to herein, and the parties having entered into this Stipulation

 K-2
 

 

of Settlement and Order (“Stipulation”),
by and through their attorneys, setting forth the terms of such agreement for
compromise and settlement:

IT IS THEREFORE STIPULATED,
AGREED AND ORDERED, that:

1.             The assessments for
Petitioner’s real property designated upon the assessment rolls of the Village
for each of the years 1996, 1997, 1998 and 1999 
shall be reduced for the following tax identification number as follows:

	
  Tax Id. No.

  600-324

  	
   

  	
  1996

  	
   

  	
  1997

  	
   

  	
  1998

  	
   

  	
  1999

  	
   

  
	
  Village Assessed Value

  	
   

  	
  1,450,000

  	
   

  	
  1,450,000

  	
   

  	
  1,450,000

  	
   

  	
  1,450,000

  	
   

  
	
  Court Ordered Assessed Value

  	
   

  	
  775,060

  	
   

  	
  772,816

  	
   

  	
  830,537

  	
   

  	
  887,672

  	
   

  

 

See Exhibit H to the Agreement.

2.             The assessments for
Petitioner’s real property designated upon the assessment roll for the Village
for the year 2001 by the following tax identification numbers be and the same
are reduced as follows:

	
  Tax Id.

  No.

  	
   

  	
  Village

  Assessed Value

  	
   

  	
  Court Ordered

  Full Value

  	
   

  	
  Court

  Ordered

  Assessed

  Value

  	
   

  
	
  26.7-4-4

  	
   

  	
  40,300

  	
   

  	
  91,021

  	
   

  	
  12,916

  	
   

  
	
  26.7-4-5

  	
   

  	
  5,900

  	
   

  	
  12,712

  	
   

  	
  1,804

  	
   

  
	
  26.7-4-6

  	
   

  	
  4,000

  	
   

  	
  8,644

  	
   

  	
  1,227

  	
   

  
	
  26.7-5-71

  	
   

  	
  41,650

  	
   

  	
  94,411

  	
   

  	
  13,397

  	
   

  
	
  26.7-5-72

  	
   

  	
  24,000

  	
   

  	
  54,240

  	
   

  	
  7,697

  	
   

  
	
  26.8-2-39

  	
   

  	
  37,500

  	
   

  	
  80,512

  	
   

  	
  11,425

  	
   

  
	
  26.8-3-32

  	
   

  	
  58,100

  	
   

  	
  131,362

  	
   

  	
  18,640

  	
   

  
	
  26.8-3-33

  	
   

  	
  23,250

  	
   

  	
  52,545

  	
   

  	
  7,456

  	
   

  
	
  600-324

  	
   

  	
  1,450,000

  	
   

  	
  3,133,373

  	
   

  	
  444,626

  	
   

  
	
  600-325

  	
   

  	
  400,000

  	
   

  	
  864,449

  	
   

  	
  122,665

  	
   

  
	
  Totals

  	
   

  	
  2,084,700

  	
   

  	
  4,523,271

  	
   

  	
  641,852

  	
   

  

 

 K-3
 

 

See Exhibit H to the Agreement.

3.             The assessments for
Petitioner’s real property designated upon the assessment roll for the Village
for the year 2002 by the following tax identification numbers be and the same
are reduced as follows:

	
  Tax Id.

  No.

  	
   

  	
  Village

  Assessed Value

  	
   

  	
  Court Ordered

  Full Value

  	
   

  	
  Court

  Ordered

  Assessed

  Value

  	
   

  
	
  26.7-4-4

  	
   

  	
  40,300

  	
   

  	
  133,798

  	
   

  	
  17,822

  	
   

  
	
  26.7-4-5

  	
   

  	
  5,900

  	
   

  	
  18,687

  	
   

  	
  2,489

  	
   

  
	
  26.7-4-6

  	
   

  	
  4,000

  	
   

  	
  12,707

  	
   

  	
  1,693

  	
   

  
	
  26.7-5-71

  	
   

  	
  41,650

  	
   

  	
  138,781

  	
   

  	
  18,486

  	
   

  
	
  26.7-5-72

  	
   

  	
  24,000

  	
   

  	
  79,731

  	
   

  	
  10,620

  	
   

  
	
  26.8-2-39

  	
   

  	
  37,500

  	
   

  	
  118,350

  	
   

  	
  15,764

  	
   

  
	
  26.8-3-32

  	
   

  	
  58,100

  	
   

  	
  193,097

  	
   

  	
  25,721

  	
   

  
	
  26.8-3-33

  	
   

  	
  23,250

  	
   

  	
  77,239

  	
   

  	
  10,288

  	
   

  
	
  600-324

  	
   

  	
  1,450,000

  	
   

  	
  4,605,934

  	
   

  	
  613,510

  	
   

  
	
  600-325

  	
   

  	
  400,000

  	
   

  	
  1,270,706

  	
   

  	
  169,258

  	
   

  
	
  Totals

  	
   

  	
  2,084,700

  	
   

  	
  6,649,029

  	
   

  	
  885,651

  	
   

  

 

See Exhibit H to the Agreement.

4.             The assessments for
Petitioner’s real property designated upon the assessment rolls for the Town
of Haverstraw for the year 2002 by the following tax identification numbers
be and the same are reduced as follows (which rolls were used by the Village
of West Haverstraw for its 2003 Village tax levy that Petitioner fully paid):

	
  Tax Id.

  No.

  	
   

  	
  Village

  Assessed Value

  	
   

  	
  Court Ordered

  Full Value

  	
   

  	
  Court

  Ordered

  Assessed

  Value

  	
   

  
	
  26.7-4-4

  	
   

  	
  40,300

  	
   

  	
  123,191

  	
   

  	
  9,868

  	
   

  
	
  26.7-4-5

  	
   

  	
  5,900

  	
   

  	
  17,205

  	
   

  	
  1,378

  	
   

  
	
  26.7-4-6

  	
   

  	
  4,000

  	
   

  	
  11,700

  	
   

  	
  937

  	
   

  
	
  26.7-5-71

  	
   

  	
  41,650

  	
   

  	
  127,779

  	
   

  	
  10,235

  	
   

  
	
  26.7-5-72

  	
   

  	
  24,000

  	
   

  	
  73,410

  	
   

  	
  5,880

  	
   

  
	
  26.8-2-39

  	
   

  	
  37,500

  	
   

  	
  108,968

  	
   

  	
  8,728

  	
   

  
	
  26.8-3-32

  	
   

  	
  58,100

  	
   

  	
  177,790

  	
   

  	
  14,241

  	
   

  
	
  26.8-3-33

  	
   

  	
  23,250

  	
   

  	
  71,116

  	
   

  	
  5,696

  	
   

  
	
  600-324

  	
   

  	
  1,450,000

  	
   

  	
  4,240,802

  	
   

  	
  339,688

  	
   

  
	
  600-325

  	
   

  	
  400,000

  	
   

  	
  1,169,971

  	
   

  	
  93,715

  	
   

  
	
  Totals

  	
   

  	
  2,084,700

  	
   

  	
  6,121,932

  	
   

  	
  490,367

  	
   

  

 

 K-4
 

 

See Exhibits E and H to the Agreement.

5.             Respondent assessors or
other officers having custody of the assessment rolls of the Village for each
of the years 1996, 1997, 1998, 1999, 2001, and 2002 shall forthwith correct and
revise the entries for the assessment of this property to reflect the
assessment reductions herein recited by making appropriate notations thereon.

6.             Petitioners shall
recover from the Village for using each of the 1996, 1997, 1998, 1999, 2001,
and the 2002 final assessment or tax rolls of said Village to levy taxes (and
the 2002 final assessment rolls of the Town of Haverstraw), the various
principal amounts paid to the Village as and for excess taxes for each
of the said 1996, 1997, 1998, 1999, 2001, 2002 and 2003 tax years, which
results from the difference between the ordered final assessment or tax roll
(as set forth above for each of the said years of 1996, 1997, 1998, 1999, 2001
and 2002) and the Village’s (or Town’s) 
stated assessment for the above-described tax identification number for
each of the years 1996, 1997, 1998, 1999, 2001, 2002 and 2002 Town of
Haverstraw rolls (or other levying period for which each of the 1996, 1997,
1998, 1999, 2001, and 2002  final
assessment rolls were used), except as limited herein.

7.             Notwithstanding the
provisions of RPTL § 726, paragraph 6, above, and the reductions set forth in
paragraphs 1 through 4, above, the total refunds to be paid to Petitioners
shall be $200,000, provided such refunds are paid no later than the Payment
Date, as set forth in the

 K-5
 

 

Agreement.  If said refunds are not so paid or caused to
be paid pursuant to Section 5 of the Agreement, then refunds shall be
determined and paid pursuant to Real Property Tax § 726.  Such payment shall be wired to: Mirant Bowline, LLC, 1155 Perimeter Center
West, Atlanta, Georgia 30338, or shall be offset or redirected as set forth in
Sections 4 and 5 of the Agreement.

8.             To the extent of any
taxes owed by Petitioners for each of the tax years 2004, 2005 and 2006
relative to levies made by the Village (“Unpaid Real Property Taxes”), such
Unpaid Real Property Taxes (including interest, penalties, charges, fees or
other costs) shall be paid or otherwise caused to be paid pursuant to Sections
4 and 5 of the Agreement.

9.             To the extent that the
Village is required to make any payments to the County of Rockland, relative to
the 2004, 2005 and 2006 tax years (applying the Town of Haverstraw assessment
rolls for each of the years 2003, 2004 and 2005, respectively), over and above
those Unpaid Real Property Taxes to be paid or caused to be paid by Petitioners
in accordance with paragraph 8 above, the Village shall make said payments and
shall not seek contribution or other payment from Petitioners for the same.

10.           Any portion of this
Stipulation, as well as all facts pertaining to the negotiation and execution
of this Stipulation shall be inadmissible in any subsequent action or
proceeding before any court of law or administrative body for any purpose,
except that this Stipulation and its provisions shall be admissible in any
action or proceeding for enforcement of its provisions.

11.           This Stipulation is deemed to benefit the Village
in any pending tax certiorari proceeding between the parties.

12.           The parties hereto represent that the individuals
executing this Stipulation have been fully authorized by their respective
clients to enter into this Stipulation with full and binding effect upon their
clients, the parties to this proceeding.

 K-6
 

 

13.           This Stipulation is the full, final and complete Stipulation and this
Stipulation supersedes any prior oral or written agreement between the
parties.  Specifically, the parties are
entering into this Stipulation in order to save litigation expenses that would
be sustained if the issues herein could not be resolved amicably.

14.           This Stipulation may not be modified except by a subsequent writing
signed by the authorized representative of all the parties to this Stipulation
and approved by the Court.

IT IS
FURTHER ORDERED, that RPTL § 727 is not applicable to and/or is
otherwise waived with respect to any assessment rolls not covered by this
Stipulation and, more specifically, with respect to any final assessment rolls
of Haverstraw or Stony Point for the year 2007, or thereafter.

IT IS
FURTHER ORDERED, that this Court will retain jurisdiction for any disputes
arising out of this Stipulation and any instruments executed by the parties in
furtherance thereof.

IT IS FURTHER ORDERED, that this
Stipulation is intended to effectuate and implement the terms of the Agreement,
and thereby, the terms of the Agreement shall control.

IT IS FURTHER ORDERED, that the above
captioned proceedings are hereby discontinued, except that Petitioner may
re-open the proceedings for the sole purpose of enforcing

 K-7
 

 

this Order, and for such other and further relief
as the Court may deem appropriate.

	
  FOR:

  	
  PETITIONER,

  	
  FOR:

  	
  RESPONDENTS

  
	
   

  	
  Mirant Bowline, LLC

  	
   

  	
   Village of West
  Haverstraw,

  
	
   

  	
              by
  their attorneys

  	
   

  	
             by
  their attorneys

  
	
   

  	
  HISCOCK & BARCLAY,
  LLP

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By

  	
   

  	
   

  	
  By

  	
   

  	
   

  
	
   

  	
  Mark D. Lansing

  	
   

  	
  John S. Edwards

  
	
   

  	
  50 Beaver Street

  	
   

  	
   

  
	
   

  	
  Albany, New York 12207

  	
   

  	
   

  
						

 

IT IS SO ORDERED.

E N T E R

	
  Dated:

  	
  December     ,  2006

  	
   

  	
   

  
	
   

  	
  White
  Plains, New York

  	
  Thomas
  A. Dickerson

  
	
   

  	
   

  	
  Justice
  of the Supreme Court

  

 

 K-8

 

EXHIBIT “L”

REFUND AND BACK TAX AMOUNTS

	
   

  	
   

  	
  Mirant

  	
   

  	
  Mirant

  	
   

  	
  Mirant

  	
   

  	
  Mirant

  	
   

  	
   

  	
   

  
	
  Tax

  	
   

  	
  Bowline

  	
   

  	
  Bowline

  	
   

  	
  Lovett

  	
   

  	
  Lovett

  	
   

  	
  HVG

  	
   

  
	
  Jurisdiction

  	
   

  	
  Refunds

  	
   

  	
  Back Taxes

  	
   

  	
  Refunds

  	
   

  	
  Back Taxes

  	
   

  	
  Back Taxes

  	
   

  
	
  Haverstraw

  	
   

  	
  $

  	
  17,155,375

  	
   

  	
  $

  	
  9,469,186

  	
   

  	
  NA

  	
   

  	
  NA

  	
   

  	
  $

  	
  168,001

  	
   

  
	
  Stony Point

  	
   

  	
  NA

  	
   

  	
  NA

  	
   

  	
  $

  	
  4,324,180

  	
   

  	
  $

  	
  7,505,263

  	
   

  	
  NA

  	
   

  
	
  Haverstraw Village

  	
   

  	
  1,800,000

  	
   

  	
  1,389,377

  	
   

  	
  NA

  	
   

  	
  NA

  	
   

  	
  NA

  	
   

  
	
  West Haverstraw Vill.

  	
   

  	
  200,000

  	
   

  	
  160,249

  	
   

  	
  NA

  	
   

  	
  NA

  	
   

  	
  87,696

  	
   

  
	
  School District

  	
   

  	
  113,570,719

  	
   

  	
  57,418,414

  	
   

  	
  17,617,378

  	
   

  	
  34,228,300

  	
   

  	
  1,241,804

  	
   

  
	
  County

  	
   

  	
  7,149,230

  	
   

  	
  2,082,298

  	
   

  	
  946,518

  	
   

  	
  1,135,064

  	
   

  	
  38,568

  	
   

  
	
  Co. Solid Waste Auth.

  	
   

  	
  430,560

  	
   

  	
  184,761

  	
   

  	
  66,537

  	
   

  	
  103,134

  	
   

  	
  3,591

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Total

  	
   

  	
  $

  	
  140,305,884

  	
   

  	
  $

  	
  70,704,285

  	
   

  	
  $

  	
  22,954,613

  	
   

  	
  $

  	
  42,971,760

  	
   

  	
  $

  	
  1,539,660

  	
   

  

 

	
  Aggregate Refunds:

  	
   

  	
  $

  	
  163,260,497

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Aggregate Back Taxes:

  	
   

  	
  $

  	
  115,215,705

  	
   

  

 

 L-1Exhibit 10.1

SEPARATION
AGREEMENT AND MUTUAL RELEASE

This
Separation Agreement and Release (the “Agreement”) is made and entered into as
of December 15, 2006 (the “Effective Date”) by and between SPACEHAB, Inc. (“SPACEHAB”
or the “Company”) and Michael E. Kearney (“Kearney”).

RECITALS

Kearney
is the President and Chief Executive Officer of the Company.  Other than this Agreement, Kearney and the
Company are parties to the following, and only the following, agreements
(collectively, the “Ancillary Agreements”):

a.                       Employment
Agreement, dated as of September 30, 2004 (the “Employment Agreement”), and attached as
Exhibit A; and

b.                      Indemnification
Agreement, dated as of September 23, 2004 (the “Indemnification Agreement”),
which the parties agree to be a valid, binding and enforceable agreement
between them and the provisions of which are not waived, modified or otherwise
impaired by this Agreement in any respect, and attached as Exhibit B;

Kearney
desires to retire from his position with the Company.  Recognizing the valuable years of service
Kearney has provided to the Company, SPACEHAB agrees to accept Kearney’s
resignation effective January 1, 2007 and, accordingly, releases Kearney from
certain obligations under his Employment Agreement to allow him to retire
honorably from the Company before the expiration of the Agreement’s terms.  In this regard, the parties mutually agree
that Kearney is retiring from the Company “with honors.”

Under
each of the Indemnification Agreement, the Amended and Restated Articles of
Incorporation of the Company (the “Articles Indemnification”) and the Amended
and Restated Bylaws of the Company (the “Bylaws Indemnification”)
(collectively, the “Existing Indemnification Arrangements”) the Company is
obligated, under certain circumstances, to indemnify Kearney under the terms
and conditions therein stated. 
Notwithstanding any provision of this Agreement to the contrary, the
Existing Indemnification Arrangements shall remain in effect and be enforceable
in accordance with their respective terms and conditions, except as expressly
modified or supplemented by this Agreement.

On
the terms hereinafter set forth, the parties agree that Kearney’s status as an
officer, director and employee of the Company is terminated as of the Effective
Date.

AGREEMENT TERMS

Therefore,
in consideration of the promises and mutual agreements set forth in this
Agreement, the receipt and sufficiency of which is hereby acknowledged by all
parties, the Company and Kearney agree as follows:

1.             Termination of Employment Agreement.  As of the Effective Date, the Employment
Agreement between Kearney and the Company listed in Agreement Recital a. is
cancelled and terminated and will be of no further force or effect.  The Existing Indemnification 

   
 

 

Arrangements shall remain binding and enforceable as between the
parties in accordance with their terms. 
Therefore, Kearney agrees and acknowledges that any rights he may have
to any payments, benefits, or other perquisites of any kind whatsoever under
the Employment Agreement including, without limitation, compensation, salary,
vacation and sick pay, and travel and car allowances, are extinguished by this
Agreement and Kearney’s right to any claim or cause of action whatsoever to
reimbursement, payments, benefits, or other perquisites under the Employment
Agreement are released and forever waived under Agreement paragraph 5.

2.             Severance.  Contingent
upon Kearney’s compliance with each of the terms and conditions of this
Agreement, the Company will pay Kearney the amount of six (6) months of his
current base salary, $157,500.07, and the amount of his accrued vacation
through December 31, 2006, $23,085.51, minus all
lawful tax withholdings (the “Payment”), payable in one lump sum on December
31, 2006 (except as otherwise provided in connection with the revocation
provisions of this Agreement).  Kearney
understands and agrees that the Payment is in addition to anything of value to
which Kearney is already entitled to receive.

3.             Retirement. 
Kearney hereby irrevocably agrees to retire and voluntarily resign from
all positions as a director, officer, and employee of the Company effective
January 1, 2007.

4.             SPACEHAB Released Parties.  The “SPACEHAB Released Parties” are defined as
SPACEHAB, Inc., each of SPACEHAB subsidiaries and each of SPACEHAB and its
subsidiaries predecessors, successors, parents, joint ventures, holding
companies, subsidiaries, divisions, affiliates, assigns, partnerships, agents,
directors, officers, employees, consultants, committees, employee benefit
committees, fiduciaries, representatives, attorneys, and all persons and
entities acting by, through, under or in concert or in any such capacity with
any of them.  Under this Agreement,
Kearney is excluded from the definition of “SPACEHAB Released Parties”.

5.             Mutual Release of Claims. 
Kearney, on behalf of himself, his heirs, executors, successors and
assigns, and SPACEHAB, on behalf of its employees, officers, agents,
directors,  affiliates and subsidiaries,
hereby agree to mutually release each other from any and all claims, demands,
actions, causes of action, costs, fees, attorneys’ fees, and all liability
whatsoever, whether known or unknown, fixed or contingent, which the parties
have, had, or may have against each other from the beginning of time and up to
and including the date of execution of this Agreement other than as may exist,
or hereafter arise, under this Agreement, the Ancillary Agreements, or the
Existing Indemnification Arrangements, except as expressly modified or
supplemented by this Agreement..  This
Agreement includes, without limitation, claims at law or equity or sounding in
contract, express or implied, or in tort, claims arising under any federal,
state, or local laws of any jurisdiction that prohibit age, sex, race, national
origin, color, disability, religion, veteran, military status, sexual
orientation, or any other form of discrimination, harassment, or retaliation
(including, without limitation, the Age Discrimination in Employment Act, the
Older Workers Benefit Protection Act, the Americans with Disabilities Act,
Title VII of the 1964 Civil Rights Act, the Civil Rights Act of 1991, 42 U.S.C.
§ 1981, the Rehabilitation Act, the Family and Medical Leave Act, the
Sarbanes-Oxley Act of 2002, the Employee Polygraph Protection Act, the Financial
Institutions Reform, Recovery and Enforcement Act (or any other
employment-related banking statute or regulation), the Uniformed Services
Employment and Reemployment Rights Act of 1994, the Texas Commission on Human 

 2
 

 

Rights Act, any federal, state, local or municipal whistleblower
protection or anti-retaliation statute or ordinance, or any other federal,
state, local, or municipal laws of any jurisdiction), claims arising under the
Employee Retirement Income Security Act, or any other statutory or common law
claims related to Kearney’s employment or separation from employment with
SPACEHAB.

6.             No Admission of Liability/Confidentiality of Release.  Kearney understands and agrees that this
Agreement shall not in any way be construed as an admission by SPACEHAB or the
SPACEHAB Released Parties of any unlawful or wrongful acts whatsoever against
Kearney or any other person, and SPACEHAB and the SPACEHAB Released Parties
specifically disclaim any liability to or wrongful acts against Kearney or any
other person.  Similarly, the Company
acknowledges and agrees that this Agreement shall not in any way be construed
as an admission by Kearney of any unlawful or wrongful acts against SPACEHAB,
the SPACEHAB Released Parties or any other person, and Kearney specifically
disclaims any liability to or wrongful acts against SPACEHAB, the SPACEHAB
Released Parties or any other person. 
Kearney agrees to keep this Agreement, its terms, and the amount of the
Payment in this Agreement completely confidential unless publicly-disclosed by
the Company; however, Kearney may disclose the terms of this Agreement and the
amount of the Payment to his spouse, attorneys, financial advisors, or as
otherwise required by law.  Accordingly,
nothing in this Agreement is intended to preclude Kearney or SPACEHAB from
disclosing information in response to a subpoena issued by a court of law or
upon the request of a government agency having jurisdiction or power to compel
the disclosure.  Kearney, however,
agrees, as required by Agreement paragraph 10, to provide SPACEHAB prompt
written notice before responding to any subpoena.  Further, Kearney acknowledges and agrees that
nothing in this Agreement prevents SPACEHAB from disclosing the terms of this
Agreement and filing a copy of this Agreement (i) in response to a subpoena
issued by a court of law or a government agency having jurisdiction or power to
compel the disclosure, (ii) in response to a request by a governmental law
enforcement agency or federal or state agency having jurisdiction over the acts
or activities of SPACEHAB or any of its subsidiaries, or (iii) as required by
the applicable federal or state law, including, without limitation, the
provisions, rules or regulations of the Securities Exchange Act of 1934 ,as
amended.

7.             No Re-employment.  Kearney agrees that he relinquishes any right
to re-employment with the Company or its subsidiaries after the Effective
Date.  He further agrees that he will not
seek, apply for, accept, or otherwise pursue employment with the Company or any
of its subsidiaries.  Kearney
acknowledges that if he re-applies for or seeks employment with the Company or
its subsidiaries, the Company’s or its subsidiaries’ refusal to hire him based
on this provision will provide a complete defense to any claims arising from
his attempt to apply for employment.

8.             Mutual Non-Disparagement.

(a) Kearney agrees that he will not, directly or indirectly,
intentionally disclose, communicate, or publish any disparaging information
concerning the Company, its officers and directors, operations, products,
services, employees, technology, proprietary or technical information, or
software whatsoever, or cause others to disclose, communicate, or publish any
disparaging information concerning the same. 
Kearney further agrees that he will not 

 3
 

 

intentionally
disclose, directly or indirectly, communicate, or publish any disparaging
information concerning the terms of his employment with the Company, any other
circumstance that arose from his employment with the Company or separation from
employment, or any action or event that occurred during his employment with the
Company, or cause others to disclose, communicate, or publish any disparaging
information concerning the same;

(b)  The Company agrees that it
will not, in any way intentionally disparage or intentionally embarrass Kearney
by any written or oral statements that reflect negatively on Kearney; and

(c)
Nothing in this Agreement shall, however, be deemed to prevent Kearney or the
Company from testifying fully and truthfully in response to a subpoena from any
court or from responding to investigative inquiries from any governmental
agency.

9.             Cooperation.  After
his separation from employment from SPACEHAB Kearney agrees to cooperate
reasonably with SPACEHAB in connection with the defense or prosecution of any
claims, causes of action, investigations, hearings, proceedings, arbitrations
or other tribunals now in existence or which may be brought in the future
against or on behalf of SPACEHAB or any of the other SPACEHAB Released Parties
that relate to events or occurrences that transpired while he was employed with
SPACEHAB.  Kearney’s full cooperation in
connection with this Paragraph 9 shall include, without limitation, making
himself reasonably available to meet with counsel to prepare for discovery or
trial, to act as a witness on behalf of SPACEHAB or the other SPACEHAB Released
Parties at convenient times, and to provide true, accurate, and complete
testimony regarding any such matters. 
SPACEHAB agrees to compensate Kearney for actual and reasonable expenses
incurred in providing the cooperation contemplated by this paragraph 9.  If Kearney is subpoenaed or contacted to
cooperate in any manner by a non-governmental party concerning any matter
related to SPACEHAB or any of the other SPACEHAB Releasees, he shall
immediately notify SPACEHAB, through the notice procedures identified in
Agreement paragraph 16(a), before responding or cooperating.

10.           Confidentiality of Company Information.   Kearney agrees to
continue to abide by SPACEHAB’s confidentiality policies.  Further, the parties agree that while Kearney’s
Employment Agreement is extinguished by this Agreement, the covenants and
promises concerning safeguarding SPACEHAB Confidential Information, namely,
paragraph 5.1 of the Employment Agreement, are not extinguished and are
incorporated into this Agreement by reference. 
Further, Kearney acknowledges that, during his SPACEHAB employment,
SPACEHAB provided him with information and materials that are considered
Confidential Information, as defined below. 
Kearney agrees that he will not at any time disclose to anyone,
including, without limitation, any person, firm, corporation, or other entity,
or publish, or use for any purpose, any Confidential Information, except as
SPACEHAB directs and authorizes.  Kearney agrees
that he shall take all reasonable measures to protect the secrecy of and avoid
disclosure and unauthorized use of the Confidential Information and agrees to
immediately notify SPACEHAB in the event of any unauthorized use or disclosure
of the Confidential Information.  Confidential
Information includes, without limitation, all of SPACEHAB’s technical and
business information, which is of a confidential, trade secret or proprietary
character; lists of customers; identity of customers; identity of prospective
customers; contract terms; bidding information and strategies; pricing methods
or information; photographs; internal 

 4
 

 

policies, procedures, communications and reports; computer software;
computer software methods and documentation; graphic designs; hardware;
SPACEHAB or SPACEHAB Released Parties’ methods of operation; the procedures,
forms and techniques used in servicing accounts; and other information or
documents that SPACEHAB requires to be maintained in confidence for SPACEHAB’s
continued business success.  Confidential
Information does not include any information that is disclosed to the public
or, upon reasonable investigation, is readily ascertainable in the public
domain.

11.           Agreement to Return Company Property/Documents.  Kearney understands and agrees that his last
day of active work as a director, officer and employee of SPACEHAB shall be
December 31, 2006.  Accordingly, Kearney
agrees that: (i) he did not and will not take with him, copy, alter, destroy,
or delete any files, documents, electronically stored information, or other
materials whether or not embodying or recording any Confidential Information,
including copies, without obtaining in advance the written consent of an
authorized SPACEHAB representative; and (ii) he will promptly return to
SPACEHAB all Confidential Information, documents, files, records and tapes
(written or electronically stored) that have been in his possession or control
regarding SPACEHAB or any SPACEHAB Released Party, and he will not use or
disclose such materials in any way or in any format, including written
information in any form, information stored by electronic means, and any and
all copies of these materials.  Kearney
further agrees that upon or before the execution of this Agreement, he will
return to SPACEHAB all SPACEHAB or SPACEHAB Released Party property, including,
without limitation, company automobiles, keys, equipment, computer(s) and
computer equipment, devices, cellular phones, SPACEHAB credit cards, data,
lists, information, correspondence, notes, memos, reports, or other writings
prepared by SPACEHAB or himself on behalf of SPACEHAB or any SPACEHAB Released
Party.

12.           Knowing and Voluntary Agreement. 
Kearney understands it is his choice whether or not to enter into this
Agreement and that his decision to do so is voluntary and is made
knowingly.  Kearney acknowledges that he
has been advised by SPACEHAB to seek legal counsel to review this Agreement.

13.           Survival of Certain Restrictive Covenants.  While Kearney acknowledges that his September
30, 2004 Employment Agreement has expired by operation of this Agreement, the
parties agree that paragraph 5.2 of the Employment Agreement, concerning
non-solicitation, shall survive the termination of the Employment Agreement.  Therefore, the restrictive periods preventing
solicitation will begin to run as of the Effective Date as explained in
paragraph 5.2 of the Employment Agreement. 
Accordingly, paragraph 5.2 of the Employment Agreement is incorporated
into this Agreement by reference.

14.           Time to Consider Agreement. 
Kearney acknowledges that he has been advised in writing by the Company
that he should consult an attorney before executing this Agreement, and he
further acknowledges that he has been given a period of twenty-one (21)
calendar days within which to review and consider the provisions of this
Agreement.  Kearney understands that if
he does not sign this Agreement before the twenty-one (21) calendar day period
expires, this Agreement offer will be withdrawn automatically.

 5
 

 

 

15.           Revocation Period.  Kearney understands and acknowledges that he
has seven (7) calendar days following the execution of this Agreement to revoke
his acceptance of this Agreement.  This
Agreement will not become effective or enforceable, and the Payment in
Agreement paragraph 2 will not become payable until after this revocation
period has expired without Kearney’s revocation.  If Kearney does not revoke this Agreement
within the revocation period, the Company will comply with Agreement paragraph
2 and will send Kearney the Payment on December 31, 2006.

16.           Miscellaneous Provisions and Enforcement.

(a)           Notices. 
Any notice or other communication required, permitted or desired to be
given under this Agreement shall be deemed delivered; when personally
delivered, if delivered by overnight courier; the same day, if transmitted by
facsimile on a business day before noon, Central Standard Time; the next
business day, if otherwise transmitted by facsimile; and the third business day
after mailing, if mailed by prepaid certified mail, return receipt requested,
as addressed or transmitted as follows (as applicable):

If to Kearney:

Michael E. Kearney

9406 Cranleigh Court

Houston, Texas 77096

If to the Company:

SPACEHAB, Inc.

12130 Highway 3

Building One

Webster, Texas  77040

With a copy (which shall not
constitute notice) to:

Arthur S. Berner

Haynes and Boone, LLP

1221 McKinney, Suite 2100

Houston, Texas  77010

Fax: (713) 236-5652

Concerning
Kearney’s notice in response to subpoenas (Agreement paragraph 6) or requests
to cooperate with any non-governmental party or entity regarding any claims or
causes of action concerning SPACEHAB or any of the other SPACEHAB Released
Parties (Agreement paragraph 9), Kearney or his attorney must contact and speak
with the President of SPACEHAB or his or her designee.  This telephone conversation must occur no
later than three business days after receiving the subpoena or request for
Kearney’s cooperation.

(b)           Choice of Law.  THIS AGREEMENT SHALL
BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS,
WITHOUT GIVING EFFECT TO THE CONFLICT OF 

 6
 

 

LAWS
(RULES) OR CHOICE OF LAWS (RULES) THEREOF. 
THE EXCLUSIVE VENUE FOR ALL SUITS AND PROCEEDINGS ARISING FROM OR
RELATED TO THIS AGREEMENT SHALL BE IN A COURT OF COMPETENT JURISDICTION IN
HOUSTON, TEXAS.

(c)           Limitations on Assignment.  Except as provided in this Agreement, Kearney
may not assign this Agreement or any of the rights or obligations set forth in
this Agreement without the explicit written consent of SPACEHAB.  Any attempted assignment by Kearney in
violation of this paragraph 16(c) shall be void ab initio..  Except as
provided in this Agreement, nothing in this Agreement entitles any person,
other than the parties to the Agreement, to any claim, cause of action, remedy,
or right of any kind, including, without limitation, the right of continued
employment.

(d)           Waiver. 
A party’s waiver of any breach or violation of any Agreement provisions
shall not operate as, or be construed to be, a waiver of any later breach of
the same or other Agreement provision.

(e)           Severability.  If any provision or provisions of this
Agreement are held to be invalid, illegal, or unenforceable for any reason
whatsoever, (i) the validity, legality, and unenforceability of the remaining
provisions of this Agreement (including, without limitation, all portions of
any Agreement paragraphs containing any provision held to be invalid, illegal,
or unenforceable, that are not themselves invalid, illegal, or unenforceable),
will not in any way be affected or impaired thereby, and (ii) the provision or
provisions held to be invalid, illegal, or unenforceable will be limited or
modified in its or their application to the minimum extent necessary to avoid
the invalidity, illegality, or unenforceability, and, as so limited or
modified, the provision or provisions and the balance of this Agreement will be
enforceable in accordance with their terms.

(f)            Headings. 
The Agreement headings are for reference purposes only and will not
affect in any way the meaning or interpretation of this Agreement.

(g)           Counterparts.  This Agreement and amendments to it will be
in writing and may be executed in counterparts. 
Each counterpart will be deemed an original, but both counterparts
together will constitute one and the same instrument.

(h)           Entire Agreement, Amendment, Binding Effect.  This
Agreement and the Ancillary Agreements (as the same may be expressly amended,
supplemented or superseded by this Agreement) constitute the entire agreement
between the parties concerning the subject matter in this Agreement and the
Ancillary Agreements.  No oral statements
or other prior written material not specifically incorporated in this Agreement
shall be of any force and effect, and no changes in or additions to this
Agreement shall be recognized, unless incorporated in this Agreement by written
amendment, such amendment to 

 7
 

 

become
effective on the date stipulated in it. 
Kearney acknowledges and represents that in executing this Agreement, he
did not rely, and has not relied, on any communications, promises, statements,
inducements, or representation(s), oral or written, by SPACEHAB or any SPACEHAB
Released Party, except as expressly contained in this Agreement.  Any amendment to this Agreement must be
signed by all parties to this Agreement. 
This Agreement will be binding on and inure to the benefit of the
parties hereto and their respective successors, heirs, legal representatives,
and permitted assigns (if any).  This
Agreement supersedes (a) any prior agreements between Kearney and SPACEHAB
concerning the subject matter of this Agreement and (b) all other agreements
between Kearney and SPACEHAB, as explained in Agreement paragraph 1, unless
specifically modified by this Agreement. 
Unless otherwise specified in this Agreement, SPACEHAB and Kearney agree
that to the extent the terms of this Agreement conflict with any terms of the
Employment Agreement, the terms of this Agreement shall supersede and govern
the terms of the Employment Agreement.

(i)            Injunctive Relief.  Kearney and the Company acknowledge and agree
that the covenants, obligations and agreements contained in this Agreement
concern special, unique and extraordinary matters and that a violation of any
of the terms of these covenants, obligations or agreements will cause
irreparable injury for which adequate remedies at law are not available.  These injunctive remedies are cumulative and
in, addition to any other rights and remedies the parties may have. SPACEHAB
and Kearney irrevocably submit to the exclusive jurisdiction of the state
courts and federal courts in the city of SPACEHAB’s headquarters (Houston,
Texas) regarding the injunctive remedies set forth in this paragraph and the
interpretation and enforcement of this paragraph (i) solely insofar as the
interpretation and enforcement relate to an application for injunctive relief
in accordance with the provisions of this Agreement. Further, the parties
irrevocably agree that (i) the sole and exclusive appropriate venue for any
suit or proceeding relating to injunctive relief shall be in the courts listed
in this paragraph (i), (ii) all claims with respect to any application for
injunctive relief shall be heard and determined exclusively in these courts,
(iii) these courts will have exclusive jurisdiction over the parties to this
Agreement and over the subject matter of any dispute relating to application
for injunctive relief, and (iv) each party waives all objections and defenses
based on service of process, forum, venue, or personal or subject matter jurisdiction,
as these defenses may relate to an application for injunctive relief in a suit
or proceeding under the provisions of this paragraph (i).

 8
 

 

 

PLEASE READ CAREFULLY

AS THIS DOCUMENT INCLUDES A RELEASE OF CLAIMS.

As evidenced by my signature
below, I certify that I have read the above Agreement and agree to its terms.

 

	
  

  	
   

  	
  SPACEHAB, INCORPORATED

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
  Michael E.
  Kearney

  	
   

  	
   

  	
  Brian Harrington

  Senior Vice President and Chief Financial Officer

  
	
   

  	
   

  	
   

  	
   

  
	
  December 15,
  2006

  	
   

  	
   

  	
  December 15, 2006

  

 

 

 9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}]]