WPCNR SCHOOL DAYS. March 14, 2005: At last night’s meeting of the Board of Education, the Board  on recommendation of its certiorari  counsel,  voted to accept a $1.378 Million certiorari settlement to Gateway One, One North Lexington Avenue  last night, bringing the total amount of certriorari refunds to prominent city commercial properties this year to $5.8 Million all to be paid out of a reserve for certioraris.  

Superintendent of School Timothy Connors noted that City Assessor Eyde McCarthy would be addressing the relationship between development, certioraris and residential property assessments in addition to the trend in future PILOT payments the City School District can expect at the public hearing on the Preliminary School Budget March 21.

Actual amount of the certiorari was not publicly stated in the televised meeting. The Business Office stated the refund to Gateway One’s owners was $1,377,626.26.   This is permanently lost revenue to the City School District.