NY A07271

City of Troy authorized to enter into a retroactive Payment-In-Lieu of Tax (PILOT) Agreement with T.R.I.P. Redevelopment Associates for the 2021 and 2022 assessment rolls.

Real property tax exemption applies to 18 parcels located on Middleburgh Street, Eighth Street, Ninth Street, and Tenth Street in Troy, identified by specific section-block-lot numbers.

PILOT Agreement exemption shall be effective as if fully executed and approved by Troy City Council on or before the applicable taxable status dates.

Troy's assessor may grant tax exemption and make corrections to applicable rolls upon City Council approval and execution by all parties.

Tax department may refund previously paid taxes and cancel unpaid taxes, fines, penalties, interest, or tax liens at the governing body's discretion.