Baldwin Yacht Basin, Inc. v. Board of Assessors

*839The petitioners sought, inter alia, to reclassify their real property from class four commercial to class one residential for the tax years 2004/2005 through 2006/2007. The petitioners relied on a resolution passed by the Village of Freeport’s Board of Trustees which conditionally rezoned the subject property from industrial to “Marine Apartment-Boatel, Condominium and Cooperative District” and included an additional prohibition of any commercial use of the property. The resolution, however, was conditioned, among other things, upon the execution and recording of a declaration of…