Town of Saugus v. Refuse Energy Systems Co.

The town of Saugus (town) brought this action seeking a declaratory judgment prohibiting the defendant, Refuse Energy Systems Company (company), from challenging $20 million of its $24.4 million property tax assessment. The town claims that the company is bound by contracts it entered into with the town prior to the issuance of industrial revenue bonds used for the construction of a *823solid waste disposal facility. In those contracts, the company agreed not to challenge up to $20 million of the assessed value of its property for three years, beginning January 1, 1976. A Superior Court judge…