[HISTORY: Adopted by the County Legislature of the County of Ulster by L.L. No. 2-1998. Amendments noted where applicable.]
The former IBM facility in the Town of Ulster (now Tech City) has a railroad siding which is presently unconnected to the Conrail line due to the removal of the switch. The Legislature hereby finds and determines that the reinstallation of the switch would enhance and improve the local freight transportation system and thereby encourage additional tenants to locate at Tech City.
The County may give money to the Industrial Development Agency (IDA) so long as the money is used by the IDA for a project that might be undertaken by the County and a local law is passed authorizing the gift. Since the IDA is authorized by § 858 of the General Municipal Law to acquire, construct and improve railroad facilities and the County has similar authority under § 119-r of the General Municipal Law, it is found and determined that the giving of funds to the IDA for the purposes above set forth is proper, and the purpose of this local law is to provide the necessary authority.
For the purpose of allowing the IDA to acquire, reconstruct and improve the railroad siding at Tech City, the County is authorized to give up to $52,500 to the IDA for such purpose, and the Chairperson is authorized to execute a suitable memorandum with the IDA confirming such use of the moneys.
It is found and determined based on the review document filed with the Clerk of the Legislature that the action to be taken hereunder will not have any significant impact on the environment.
This local law shall take effect immediately.