NY State Senate Bill 2023-S7008A

Senate Bill S7008A

2023-2024 Legislative Session

Authorizes the City of Troy, County of Rensselaer, to enter into a PILOT Agreement with Hillside 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

Please enter your contact information

First Name

Last Name

Email Address

A valid email address is required.

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

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.1026
Jan 03, 2024	referred to cities 2
May 17, 2023	print number 7008a
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
  S7008A
  
  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-S7008 - Details

See Assembly Version of this Bill:: A7270
Law Section:: Real Property Taxation

2023-S7008 - Summary

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

2023-S7008 - Sponsor Memo

                                 
BILL NUMBER: S7008

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 Hillside Redevelopment Associates

 
PURPOSE OR GENERAL IDEA OF BILL:

To authorize the City of Troy enter into a retroactive Payment-In-Lieu
Of Tax Agreement ("PILOT Agreement") with Hillside Redevelopment Associ-
ates, granting an exemption from real property taxes pursuant to Section
125 of the Private Housing Finance law for the 2022 assessment roll 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 Hillside Redevelopment Associates, granting
an exemption from real property taxes.

Section 2 provides for an immediate effective date.

 
JUSTIFICATION:

Since 1982, the subject properties have provided 80-units of affordable
housing to families of low-income in the City of Troy, Rensselaer Coun-
ty. The City of Troy (the "City") and Hillside Redevelopment Associates
("Owner") entered into a previous PILOT Agreement, dated June 17, 1982
(the "1982 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 1982 PILOT
Agreement expired on February 28, 2022. In order to assist the Owner in
the rehabilitation of the properties, so as to continue the provision of
80-units of safe and quality affordable housing 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 t he
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 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 1982
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-S7008 - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7008
 
                        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 Hillside 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  Hillside
 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  2022  assessment
 roll, for the parcels located in the city of Troy, as set forth in sche-
 dule "A" to the PILOT agreement and more particularly identified below:
 
 CURRENT ADDRESS          SECTION-BLOCK-LOT NUMBER
 
 2 Oakwood Ter.           101.23-7-12
 2 Oakwood Ave.           101.23-3-9
 65 Middleburgh St.       90.79-4-6
 379 Eighth St.           101.22-14-3
 432 Eighth St.           90.79-4-40
 488-492 Eighth St.       90.79-4-52
 243 Ninth St.            101.23-5-28
 259 Ninth St.            101.23-5-21
 261 Ninth St.            101.23-5-20
 266 Ninth St.            101.23-6-32
 274 Ninth St.            101.23-6-36
 312 Ninth St.            101.23-2-13
 319 Ninth St.            90.79-4-37
 320 Ninth St.            90.79-5-39
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11414-01-3

 S. 7008                             2
 
 335 Ninth St.            90.79-4-28
 349 Ninth St.            90.79-4-21
 357 Ninth St.            90.79-4-18
 360 Ninth St.            90.79-5-54
 399 Ninth St.            90.71-8-10
 371 Tenth St.            101.23-6-7.2
 497 Tenth St.            90.71-10-9
 498-500 Tenth St.        90.71-10-1
 
   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 roll. 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 roll.  Upon  the  granting  of
 exemption  and  such organization therefore shall have paid any tax with
 respect to the applicable roll, 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-S7008A (ACTIVE) - Details

See Assembly Version of this Bill:: A7270
Law Section:: Real Property Taxation

2023-S7008A (ACTIVE) - Summary

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

2023-S7008A (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S7008A

SPONSOR: ASHBY
 
TITLE OF BILL:

An act in relation to permitting the City of Troy to retroactively
extend a real property tax exemption to Hillside Redevelopment Associ-
ates

 
PURPOSE:

To authorize the City of Troy enter into a retroactive Payment-In-Lieu
Of Tax Agreement ("PILOT Agreement") with Hillside Redevelopment Associ-
ates, granting an exemption from real property taxes pursuant to Section
125 of the Private Housing Finance law for the 2022 assessment roll 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 Hillside Redevelopment Associates, granting
an exemption from real property taxes.

Section 2 provides for an immediate effective date.

 
JUSTIFICATION:

Since 1982, the subject properties have provided 80-units of affordable
housing to families of low-income in the City of Troy, Rensselaer Coun-
ty. The City of Troy (the "City") and Hillside Redevelopment Associates
("Owner") entered into a previous PILOT Agreement, dated June 17, 1982
(the "1982 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 1982 PILOT
Agreement expired on February 28, 2022. In order to assist the Owner in
the rehabilitation of the properties, so as to continue the provision of
80-units of safe and quality affordable housing 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 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 1982
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-S7008A (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  7008--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 Hillside 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 Hillside Rede-
 velopment Associates, a New York limited partnership  and  redevelopment
 company,  granting  an  exemption  from  real property taxes pursuant to
 section 125 of the private housing finance law for the  2022  assessment
 roll, for the parcels located in the City of Troy, as set forth in Sche-
 dule "A" to the PILOT Agreement and more particularly identified below:
 
       CURRENT ADDRESS                   SECTION-BLOCK-LOT NUMBER
       2 Oakwood Ter.                    101.23-7-12
       2 Oakwood Ave.                    101.23-3-9
       65 Middleburgh St.                90.79-4-6
       379 Eighth St.                    101.22-14-3
       432 Eighth St.                    90.79-4-40
       488-492 Eighth St.                90.79-4-52
       243 Ninth St.                     101.23-5-28
       259 Ninth St.                     101.23-5-21
       261 Ninth St.                     101.23-5-20
       266 Ninth St.                     101.23-6-32
       274 Ninth St.                     101.23-6-36
       312 Ninth St.                     101.23-2-13
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11414-02-3

 S. 7008--A                          2
 
       319 Ninth St.                     90.79-4-37
       320 Ninth St.                     90.79-5-39
       335 Ninth St.                     90.79-4-28
       349 Ninth St.                     90.79-4-21
       357 Ninth St.                     90.79-4-18
       360 Ninth St.                     90.79-5-54
       399 Ninth St.                     90.71-8-10
       371 Tenth St.                     101.23-6-7.2
       497 Tenth St.                     90.71-10-9
       498-500 Tenth St.                 90.71-10-1
 
   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 roll. 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 roll.  Upon  the  granting  of
 exemption  and  such organization therefore shall have paid any tax with
 respect to the applicable roll, 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.

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.