[Adopted 7-15-2013 by L.L. No. 2-2013]
The intent of this article is to encourage revitalization of
low- and moderate-income multiple dwellings in order to improve the
quality of such property and to preserve and expand the tax base of
nearby property.
This article is adopted pursuant to § 421-m of the
Real Property Tax Law, which expressly authorizes a local government's
governing body to provide a real property tax exemption for certain
multiple dwellings that are constructed or substantially rehabilitated
in benefit areas designated by the local government body.
For the purposes of this article, all words will carry their
customary meanings except as expressly defined herein.
The "benefit area" will consist of those tax lots lying along
the south line of Clinton Street and those tax lots between the north
line of Clinton Street and the south line of the Erie Canal, bounded
on the east by the west line of Main Street and on the west by the
west lines of the properties with Tax Map Nos. 068.52-1-1.3 and 068.52-3-3.
As used in this article, the term "multiple dwelling" means
a dwelling, other than a hotel, which is to be occupied or is occupied
as the residence or home of three or more families living independently
of one another, whether such dwelling is rented or owned as a cooperative
or condominium.
The partial exemption from taxation and special ad valorem levies
established under Real Property Tax Law § 421-m shall be
granted and applied in the Benefit Area by the Village of Brockport
in accordance with the provisions, conditions and limitations set
forth thereunder, and also subject to the following conditions and
limitations:
A.
In the event that a property had been partially or totally exempt
from taxation prior to the construction or reconstruction of the multiple
dwelling, the exemption shall be calculated based on the taxation
and ad valorem levies that would have been due in the absence of such
preconstruction (or reconstruction) exemption.
