By providing the tax incentive provided for in this article,
the Common Council and Mayor of the City of Gloversville wish to encourage
conversion of nonresidential real property to mixed-use property.
This article is made pursuant to New York State Real Property
Tax Law § 485-a.
As used in this article, the following terms shall have the
following meanings:
APPLICANT
Any person obligated to pay real property taxes on the property
for which an exemption from real property taxes under this article
is sought.
COMMERCIAL CONSTRUCTION WORK
The modernization, rehabilitation, expansion or other improvement
of the portion of mixed-use property to be used for commercial purposes.
COMMERCIAL PURPOSE OR USE
The buying, selling or otherwise providing of goods or services,
including hotel services, or other lawful business or commercial activities
permitted in mixed-use property.
MIXED-USE PROPERTY
Property on which will exist, after completion of residential
construction work or a combination of residential construction work
and commercial construction work, a building or structure used for
both residential and commercial purposes.
PERSON
An individual, corporation, limited-liability company, partnership,
association, agency, trust, estate, foreign or domestic government
or subdivision thereof, or other entity.
RESIDENTIAL CONSTRUCTION WORK
The creation, modernization, rehabilitation, expansion or
other improvement of dwelling units, other than dwelling units in
a hotel, in the portion of mixed-use property to be used for residential
purposes.
If any section or subsection, paragraph, clause, phrase or portion
of this article shall be judged invalid or held unconstitutional by
a court of competent jurisdiction, any judgment made thereby shall
not affect the validity of this article as a whole or any part thereof
other than the part or provision so adjudged to be invalid or unconstitutional.
Upon ratification by the Common Council following the conclusion
of a public hearing, this article shall take effect upon satisfaction
of all filing requirements with the State of New York, with said article
being promptly filed with the State of New York by the City Clerk
upon ratification of the same by the Common Council.