Tompkins County
New York

Resolution
2017-87

Authorizing a Public Hearing on Proposed Local Law No. c of 2017 – A Local Law Enacting the New York State Real Property Tax Law Section 485-g, Infrastructure Exemption

Information

Department:AssessmentSponsors:
Category:Real Property

Attachments

  1. Printout
  2. 2017 infrastructure exemption (This file has not yet been converted to a viewable format)
  3. LLc of 2017 (This file has not yet been converted to a viewable format)

Resolution/Document Body

WHEREAS, the Tompkins County Legislature wishes to encourage more housing units within the County, and

 

WHEREAS, one of the many impediments to building for-sale housing is the holding costs of the land after expending money on upgrading the infrastructure, and

 

WHEREAS, the New York State Legislature has authorized an exemption that would provide a three-year abatement on the increase in value due to the improvements made to the public infrastructure (utilities, sidewalks, and roads) so long as the developer retains ownership of the newly subdivided lots, now therefore be it

 

RESOLVED, on recommendation of the Government Operations Committees, That a public hearing be held before the Tompkins County Legislature in the Legislative Chambers of the Governor Daniel D Tompkins Buildings, 121 E Court St, Ithaca, New York on June 6, 2017, at 5:31 o'clock in the evening thereof concerning proposed Local Law No. c of 2017 - A Local Law Enacting the New York State Real Property Tax Law Section 485-g, Infrastructure Exemption.    At such time and place all persons interested in the subject matter will be heard concerning the same,

 

              RESOLVED, further, That the Clerk of the Legislature is hereby authorized and directed to place proper notice of such public hearing in the official newspaper of the County. 

SEQR ACTION: TYPE II-20