NY State Senate Bill 2023-S7007A

Senate Bill S7007A

2023-2024 Legislative Session

Authorizes the City of Troy, County of Rensselaer, to enter into a PILOT Agreement with T.R.I.P. Redevelopment Associates, granting an exemption from real property taxes

download bill text pdf

Current Bill Status - On Floor Calendar

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

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Actions

View Actions

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
May 15, 2024	advanced to third reading
May 14, 2024	2nd report cal.
May 13, 2024	1st report cal.1025
Jan 03, 2024	referred to cities 2
May 17, 2023	print number 7007a
May 17, 2023	amend (t) and recommit to cities 2
May 16, 2023	referred to cities 2

Votes

- May 13, 2024 - Cities 2 Committee Vote
  S7007A
  
  5
  
  Aye
  
  0
  
  Nay
  
  1
  
  Aye with Reservations
  
  0
  
  Absent
  
  0
  
  Excused
  
  0
  
  Abstained
  - - Cities 2 Committee Vote: May 13, 2024
      
      aye (5)
      
      Brouk
      
      Griffo
      
      May
      
      Rolison
      
      Webb
      
      aye wr (1)
      
      Mayer

Bill Amendments

Original

A (Active)

2023-S7007 - Details

See Assembly Version of this Bill:: A7271
Law Section:: Real Property Taxation

2023-S7007 - Summary

Authorizes the City of Troy, County of Rensselaer, to enter into a PILOT Agreement with T.R.I.P. Redevelopment Associates, granting an exemption from real property taxes.

2023-S7007 - Sponsor Memo

                                 
BILL NUMBER: S7007

SPONSOR: ASHBY
 
TITLE OF BILL:

An act to authorize the city of Troy to enter into a retroactive payment
in lieu of taxes agreement with T.R.I.P. Redevelopment Associates

 
PURPOSE OR GENERAL IDEA OF BILL:

To authorize the City of Troy to enter into a retroactive Payment-In-
Lieu Of Tax Agreement ("PILOT Agreement") with T.R.I.P.  Redevelopment
Associates, granting an exemption from real property taxes pursuant to
Section 125 of the Private Housing Finance law for the 2021 and 2022
assessment rolls for certain property in the City of Troy, County of
Rensselaer.

 
SUMMARY OF SPECIFIC PROVISIONS:

Section 1 authorizes the City of Troy, County of Rensselaer, to enter
into a PILOT Agreement with T.R.I.P. Redevelopment Associates, granting
an exemption from real property taxes.

Section 2 provides for an immediate effective date.

 
JUSTIFICATION:

Since 1981, the subject properties have provided 40-units of affordable
housing to families of low-income in the City of Troy, Rensselaer Coun-
ty. The City of Troy (the "City") and T.R.I.P.  Redevelopment Associates
("Owner") entered into a previous PILOT Agreement, approved by the City
Council, on December 6, 1981 (the "1981 PILOT Agreement"), whereby the
subject properties were exempted from local and municipal taxes, other
than assessments for local improvements. In lieu of such taxes, the
Owner was obligated to make a payment to the City in the amount of five
percent (5%) of the Gross Shelter Rents collected by the Owner annually.
The 1981 PILOT Agreement expired on February 28, 2021. In order to
assist the Owner in the rehabilitation of the properties, so as to
continue the provision of 40-units of safe and quality affordable hous-
ing to families of low income in the City of Troy, the City and the
Owner entered into a new PILOT Agreement, effective March 1, 2023 (the
"Current PILOT Agreement). The Current PILOT Agreement similarly exempts
the subject properties from local and municipal taxes, other than
assessments for local improvements. In lieu of such taxes, the Owner is
again obligated to make a payment to the City in the amount of five
percent (5%) of the Gross Shelter Rents collected by the Owner annually.
The purpose of this bill is to authorize the City to retroactively apply
the provisions of the Current PILOT Agreement to the 2021 and 2022
assessment and tax rolls. A retroactive PILOT Agreement was authorized
by the City Council on May 4, 2023, to cover the interim period between
the expiration of the 1981 PILOT Agreement and the commencement of the
Current PILOT Agreement, but it will not be executed or take effect
until the State Legislature authorizes the retroactive PILOT Agreement
and exemption.

 
FISCAL IMPLICATION:

None

 
EFFECTIVE DATE:
Immediately.

2023-S7007 - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7007
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                               May 16, 2023
                                ___________
 
 Introduced  by  Sen.  ASHBY  -- read twice and ordered printed, and when
   printed to be committed to the Committee on Cities 2
 
 AN ACT to authorize the city of Troy to enter into a retroactive payment
   in lieu of taxes agreement with T.R.I.P. Redevelopment Associates
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Notwithstanding any other provision of law to the contrary,
 the  city  of  Troy  is  hereby  authorized  to enter into a retroactive
 payment in lieu of taxes agreement  ("PILOT  agreement")  with  T.R.I.P.
 Redevelopment  Associates, a New York limited partnership and redevelop-
 ment company,  granting an exemption from real property  taxes  pursuant
 to  section  125  of  the private housing finance law for the 2021--2022
 assessment rolls, for the parcels located in the city of  Troy,  as  set
 forth in schedule "A" of the PILOT agreement and more particularly iden-
 tified as follows:
   CURRENT ADDRESS      SECTION-BLOCK-LOT NUMBER
 55 Middleburgh St.        90.79-4-2
 57-59 Middleburgh St.     90.79-4-3
 71 Middleburgh St.        90.79-5-2
 73 Middleburgh St.        90.79-5-3
 77 Middleburgh St.        90.79-5-5
 79 Middleburgh St.        90.79-5-6
 81 Middleburgh St.        90.79-5-7
 438 Eighth St.            90.79-4-42
 462 Eighth St.            90.79-4-50
 516 Eighth St.            90.79-4-58
 518 Eighth St.            90.79-4-59
 520 Eighth St.            90.79-4-60
 284 Ninth St.             101.23-6-39
 341 Ninth St.             90.79-4-25
 345 Ninth St.             90.79-4-23
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11412-01-3

 S. 7007                             2
 
 380 Ninth St.             90.79-5-62
 382 Ninth St.             90.79-5-63
 377 Ninth St.             101.23-6-4
 457 Tenth St.             90.79-5-12
 463 Tenth St.             90.79-5-10
   The  PILOT  agreement,  and  the exemption conferred thereby, shall be
 effective as if the PILOT agreement had been fully executed and approved
 by the city council of the city of Troy on or before the taxable  status
 dates  established  for the applicable rolls.  Upon approval by the city
 council of the city of Troy and execution by all parties,  the  assessor
 of  the  city  of  Troy  may  grant exemption from all taxation and make
 appropriate corrections to the applicable rolls. Upon  the  granting  of
 exemption  and  such organization therefore shall have paid any tax with
 respect to the applicable rolls, the governing body  or  tax  department
 may,  in its sole discretion, provide for the refund of those taxes paid
 and cancel any taxes, fines, penalties, interest, or tax liens remaining
 unpaid.
   § 2. This act shall take effect immediately.

2023-S7007A (ACTIVE) - Details

See Assembly Version of this Bill:: A7271
Law Section:: Real Property Taxation

2023-S7007A (ACTIVE) - Summary

Authorizes the City of Troy, County of Rensselaer, to enter into a PILOT Agreement with T.R.I.P. Redevelopment Associates, granting an exemption from real property taxes.

2023-S7007A (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S7007A

SPONSOR: ASHBY
 
TITLE OF BILL:

An act in relation to permitting the City of Troy to retroactively
extend a real property tax exemption to T.R.I.P. Redevelopment Associ-
ates

 
PURPOSE:

To authorize the City of Troy to enter into a retroactive Payment-In-
Lieu Of Tax Agreement ("PILOT Agreement") with T.R.I.P.  Redevelopment
Associates, granting an exemption from real property taxes pursuant to
Section 125 of the Private Housing Finance law for the 2021 and 2022
assessment rolls for certain property in the City of Troy, County of
Rensselaer.

 
SUMMARY OF PROVISIONS:

Section 1 authorizes the City of Troy, County of Rensselaer, to enter
into a PILOT Agreement with T.R.I.P. Redevelopment Associates, granting

an exemption from real property taxes.

Section 2 provides for an immediate effective date.

 
JUSTIFICATION:

Since 1981, the subject properties have provided 40-units of affordable
housing to families of low-income in the City of Troy, Rensselaer Coun-
ty. The City of Troy (the "City") and T.R.I.P.  Redevelopment Associates
("Owner") entered into a previous PILOT Agreement, approved by the City
Council, on December 6, 1981 (the "1981 PILOT Agreement"), whereby the
subject properties were exempted from local and municipal taxes, other
than assessments for local improvements. In lieu of such taxes, the
Owner was obligated to make a payment to the City in the amount of five
percent (5%) of the Gross Shelter Rents collected by the Owner annually.
The 1981 PILOT Agreement expired on February 28, 2021. In order to
assist the Owner in the rehabilitation of the properties, so as to
continue the provision of 40-units of safe and quality affordable hous-
ing to families of low income in the City of Troy, the City and the
Owner entered into a new PILOT Agreement, effective March 1, 2023 (the
"Current PILOT Agreement). The Current PILOT Agreement similarly exempts
the subject properties from local and municipal taxes, other than
assessments for local improvements. In lieu of such taxes, the Owner is
again obligated to make a payment to the City in the amount of five
percent (5%) of the Gross Shelter Rents collected by the Owner annually.
The purpose of this bill is to authorize the City to retroactively apply
the provisions of the Current PILOT Agreement to the 2021 and 2022
assessment and tax rolls. A retroactive PILOT Agreement was authorized
by the City Council on May 4, 2023, to cover the interim period between
the expiration of the 1981 PILOT Agreement and the commencement of the
Current PILOT Agreement, but it will not be executed or take effect
until the State Legislature authorizes the retroactive PILOT Agreement
and exemption.

 
LEGISLATIVE HISTORY:

None.
 
FISCAL IMPLICATIONS:

None.

 
EFFECTIVE DATE:
This act shall take effect immediately.

2023-S7007A (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  7007--A
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                               May 16, 2023
                                ___________
 
 Introduced  by  Sen.  ASHBY  -- read twice and ordered printed, and when
   printed to be committed to the Committee  on  Cities  2  --  committee
   discharged, bill amended, ordered reprinted as amended and recommitted
   to said committee
 
 AN  ACT  in  relation  to  permitting  the City of Troy to retroactively
   extend a real property tax exemption to T.R.I.P. Redevelopment Associ-
   ates
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Notwithstanding any other provision of law to the contrary,
 the  City  of  Troy  is  hereby  authorized  to enter into a retroactive
 Payment-In-Lieu Of  Tax  Agreement  ("PILOT  Agreement")  with  T.R.I.P.
 Redevelopment  Associates, a New York limited partnership and redevelop-
 ment company,  granting an exemption from real property  taxes  pursuant
 to  section 125 of the private housing finance law for the 2021 and 2022
 assessment rolls, for the parcels located in the City of  Troy,  as  set
 forth in Schedule "A" to the PILOT Agreement and more particularly iden-
 tified below:
 
       CURRENT ADDRESS                   SECTION-BLOCK-LOT NUMBER
       55 Middleburgh St.                90.79-4-2
       57-59 Middleburgh St.             90.79-4-3
       71 Middleburgh St.                90.79-5-2
       73 Middleburgh St.                90.79-5-3
       77 Middleburgh St.                90.79-5-5
       79 Middleburgh St.                90.79-5-6
       81 Middleburgh St.                90.79-5-7
       438 Eighth St.                    90.79-4-42
       462 Eighth St.                    90.79-4-50
       516 Eighth St.                    90.79-4-58
       518 Eighth St.                    90.79-4-59
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11412-02-3

 S. 7007--A                          2

       520 Eighth St.                    90.79-4-60
       284 Ninth St.                     101.23-6-39
       341 Ninth St.                     90.79-4-25
       345 Ninth St.                     90.79-4-23
       380 Ninth St.                     90.79-5-62
       382 Ninth St.                     90.79-5-63
       377 Ninth St.                     101.23-6-4
       457 Tenth St.                     90.79-5-12
       463 Tenth St.                     90.79-5-10
 
   The  PILOT  Agreement,  and  the exemption conferred thereby, shall be
 effective as if the PILOT Agreement had been fully executed and approved
 by the City Council of the City of Troy on or before the taxable  status
 dates  established  for the applicable rolls.  Upon approval by the City
 Council of the City of Troy and execution by all parties,  the  assessor
 of  the  City  of  Troy  may  grant exemption from all taxation and make
 appropriate corrections to the applicable rolls. Upon  the  granting  of
 exemption  and  such organization therefore shall have paid any tax with
 respect to the applicable rolls, the governing body  or  tax  department
 may,  in its sole discretion, provide for the refund of those taxes paid
 and cancel any taxes, fines, penalties, interest, or tax liens remaining
 unpaid.
   § 2. This act shall take effect immediately.

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