Loading chat...
NY S08264
Bill
Status
6/18/2010
Primary Sponsor
William Larkin
Click for details
AI Summary
-
Requires written consent from the Chief Executive Officer of the Town of Chester before the Orange County Industrial Agency can approve any Payment in Lieu of Taxes (PILOT) agreement for projects in that town.
-
Mandates three-fifths majority approval from the Town of Chester's governing body before the agency approves PILOT agreements, and requires a jointly-selected impact analysis paid for by the applicant.
-
Requires agency membership reviewing Chester projects to include at least one member of the town's governing body and at least three at-large community members.
-
Mandates the agency review PILOT agreements for Chester projects every three years after the initial third year and adjust payments based on changes to assessed values and tax rates of other town properties.
-
Prohibits renewal or renegotiation of Chester PILOT agreements until a forensic audit of the obligated party's accounts is completed by a jointly-selected qualified entity at the obligated party's expense, with the town able to request State Comptroller review.
Legislative Description
Requires signatures of the chief executive of the town of Chester for payments in lieu of taxes prior to the grant of application or the effectiveness of any such grant for a payment in lieu of taxes by the Orange county industrial development agency or any other agency that affects a municipality; makes related provisions.
Last Action
REFERRED TO RULES
6/18/2010