Byline: Ray Rinaldi Staff writer
The city has settled a lawsuit filed by Capital View Office Park, agreeing to release the company from paying taxes on a property assessed at $748,710.
The deal calls for Capital View to receive a refund of $16,385 paid last year on the property, a section of the former Huyck Felts Mill bordering Third Street.
The land is technically owned by the tax-exempt Rensselaer Industrial Development Agency and was transferred by the tax assessor's office to the company last year after the city and the company signed a deed giving ownership to the company.
Capital View, which has turned large sections of the …
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