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EAST GREENWICH â€” A settlement was reached between homeowners on Sarahâ€™s Trace and the Town of East Greenwich regarding assessed taxes on their respective properties.
In a unanimous 3-0 vote, members of the East Greenwich Town Council approved Monday evening at Swift Community Center the settlement with Christopher and Susan Lamendola, of 50 Sarahâ€™s Trace, Thomas Hogan and Cynthia Peloso, of 40 Sarahâ€™s Trace, and Keith and Wendy Amelotte, of 35 Sarahâ€™s Trace, to which the homeowners will have a significant reduction of their assessed taxes for a four-year period.
Town Council President Michael Isaacs said the assessed taxes for the Lamendolas, the Amelottes and Hogan and
Peloso will be reduced by 50 percent for the 2013, 2014, 2015 and 2016 tax years, meaning the homeowners will be refunded half of the money they paid the previous two years and will only have to pay half of what their assessed tax bill would normally be.
According to published reports, the settlement could cost the Town approximately $70,000.
â€śThe settlement reduces the taxes that they will be paying,â€ť Isaacs said following Mondayâ€™s meeting.
For more of this story pick up a copy of The East Greenwich Pendulum.