[Adopted 3-26-2001 by L.L. No. 13-2001]
The purpose of this article is to provide tax
incentives to encourage the development of a ninety-unit housing development
for seniors on a parcel of land located on and between Route 9W and
Gurnee Avenue in the County of Rockland, Village of Haverstraw, Town
of Haverstraw, such housing development to be owned by a limited partnership,
Haverstraw Place, L.P.
For the purpose of this article, the words and
phrases used herein are defined as follows:
The table setting forth the allocation of tax payments from the project partnership to the Taxing Authorities which table is set forth in § 152-20 hereof.
The County of Rockland, New York.
September 29, 2000, which date is the date the project partnership
acquired the property.
The date of the first occupancy by a tenant of an apartment
unit in the property.
Any and all real estate taxes levied by the county, town,
Village, school district or any special district, including ambulance,
sewer, Rockland County solid waste and library taxes, but shall not
include assessments for local improvements.
Haverstraw Place, L.P.
That certain parcel of land consisting of approximately 1.92
acres located on and between Route 9W and Gurnee Avenue in the County
of Rockland, Village of Haverstraw and the Town of Haverstraw, more
particularly bounded and described as set forth in Schedule A[1] annexed hereto and having an address of 140 9W North,
Haverstraw, NY 10927.
The Stony Point Central School District.
The county, town, Village and the school district.
The Town of Haverstraw, New York.
The Village of Haverstraw, New York.
[1]
Editor's Note: Schedule A is on file in the
Town offices.
Except as otherwise set forth in this article, until termination pursuant to § 152-21 of this article, the project partnership shall be exempt from all local and municipal taxes relating to the property.
A.Â
Commencing upon the closing date and until the effective
date, the project partnership shall make payments in lieu of taxes
in the amount of $15,000 per annum to be divided amongst the taxing
authorities in the proportions set forth in the Allocation Table.
B.Â
Commencing upon the effective date and ending upon
the twelve-year anniversary of the closing date, the project partnership
shall make payments in lieu of taxes in the amount of $50,792 per
annum to be divided among the taxing authorities as set forth in the
Allocation Table.
C.Â
Commencing upon the twelve-year anniversary of the
closing date and for a period of two years thereafter, the project
partnership shall make payments in lieu of taxes in an amount equal
to the greater of:
D.Â
Commencing upon the date ending the period set forth in Subsection C above and for a period of two years thereafter, the project partnership shall make payments in lieu of taxes in an amount equal to the greater of:
E.Â
Commencing upon the date ending the period set forth in Subsection D above and for a period of two years thereafter, the project partnership shall make payments in lieu of taxes in an amount equal to the greater of:
A.Â
Notwithstanding the foregoing, if in any year following the year 2000, there is an increase or decrease in the total amounts payable to a taxing authority by other multifamily housing projects existing as of the closing date for which a tax abatement or tax exemption is not in effect, then the amount payable by the project partnership in lieu of taxes pursuant to § 152-18 with respect to such taxing authority shall increase or decrease in proportion to the increase or decrease in the total tax payable by such multifamily properties to such taxing authority. Notwithstanding the foregoing, the amounts payable to each taxing authority shall not, at anytime, be less than the amount specified in the Allocation Table below.
B.Â
The payment of amounts due in connection with this
article shall be made as follows:
(1)Â
Payments allocable to the school district with respect
to any year shall be due on July 1 of each year and shall be payable,
without penalty, by September 30 of such year, and shall be payable
to the Town Receiver of Taxes, who will distribute such payment to
the school district in accordance with the Allocation Table.
(2)Â
Payments allocable to the Village with respect to
any year shall be due on June 1 of each year and shall be payable,
without penalty, by June 30 of such year and shall be payable to the
Village Receiver of Taxes.
(3)Â
Payments allocable to the Town and the taxing authorities
other than the school district and the Village shall be due on January
1 of each year and shall be payable, without penalty, by January 30
of such year and shall be payable to the Town Receiver of Taxes, who
will distribute the payments among the appropriate taxing authorities
in accordance with the Allocation Table.
C.Â
If the effective date is less than 180 days prior to the date that any amount is payable pursuant to Subsection B above, then the payments due at such time shall be prorated by reducing such payment by an amount equal to such payment multiplied by a fraction, the numerator of which is the difference between 180 and the number of days from the effective date to the due date of such payment, and the denominator of which is 180.
|
Distribution of the $15,000
|
Distribution of the $50,792
| |||
|---|---|---|---|---|
|
Taxing Authority
|
Percentage
|
Distribution Amount
|
Percentage
|
Distribution Amount
|
|
County
|
2.622%
|
$393.30
|
2.244%
|
1,140.00
|
|
Town
|
2.235%
|
335.25
|
1.914%
|
972.00
|
|
Ambulance
|
0.807%
|
121.05
|
0.691%
|
351.00
|
|
Sewer 3
|
1.506%
|
225.90
|
1.290%
|
655.00
|
|
Sewer Unit
|
 —Â
|
 —Â
|
12.581%
|
6,390.00
|
|
RCSWAGWU
|
 —Â
|
 —Â
|
1.772%
|
900.00
|
|
RCSWA
|
1.356%
|
203.40
|
1.162%
|
590.00
|
|
School
|
45.500%
|
6,825.00
|
38.971%
|
19,794.00
|
|
Village
|
45.974%
|
6,896.10
|
39.376%
|
20,000.00
|
The exemptions set forth in this article shall
terminate and cease to exist and the project partnership shall be
obligated to pay the full amount of local and municipal taxes:
