continued In other business, the board decided to turn down a request from the Lake George Land Conservancy for the village to buy a plot of land from the conservation group, about 81 acres, adjacent to their Berry Pond Tract — to provide public access to the trails there. The landlocked plot has been offered for sale for about $68,000 although it is presently assessed for about half that sum, village officials said.
In other topics discussed at the special meeting, Blais also warned the board members that the village would be facing a budget shortfall due to the loss of about $85,000 in collectable property taxes. The decrease stems from the reduction of about $1 million in the village’s total assessed value.
The falling market price of commercial properties, including several hotels, has been blamed for the decrease.
A revaluation project underway for months, is scheduled for completion this year. A public informational meeting to explain the revaluation process and its impact on taxes is set for Wednesday Jan. 25 at the Lake George Town Hall.