[HISTORY: Adopted by the Town Board of the Town of Union 2-16-1994
by L.L. No. 2-1994. Amendments noted where applicable.]
A.
The Economic Development Zones Program was created by
New York State in 1986 to stimulate economic growth in a number of the state's
most severely distressed areas.
B.
The Economic Development Zones Program encourages business
development in designated areas by offering new and expanding businesses a
combination of tax credits, reduced utility rates, authorization for special
low-interest loans and priority attention from state agencies that have a
role in economic development.
C.
A locality with jurisdiction for a zone will be required
to promote and facilitate the development of new businesses and the expansion
of existing businesses in the zone.
D.
Working through a local zone administrative board, the
locality is expected to achieve these goals by enlisting the active support
of local industrial development and public finance agencies.
E.
The zone administrative board is expected to cooperate
with local social service agencies, educational institutions, community-based
organizations, labor unions and other bodies to establish, implement and coordinate
job-training programs and other forms of assistance to ensure that unemployed,
needy people in the local area will be able to fill jobs made available in
the zone.
F.
The City of Binghamton, on behalf of the County of Broome,
the Town of Union, the Villages of Endicott and Johnson City and herself,
intends to submit an application to have an area within the respective municipalities
designated as an economic development zone.
G.
The City of Binghamton has requested that the Town of
Union consent to the establishment of the aforementioned economic development
zone.
H.
The Town of Union's consent to the establishment
of the economic development zone will require the Town of Union, in conjunction
with the aforementioned municipalities, to provide certain real property tax
benefits.
The Town of Union hereby consents to and approves of the City of Binghamton,
on behalf of the aforementioned municipalities, submitting to the Commissioner
of Economic Development for the State of New York an application for the creation
of an economic development zone within a certain area of the aforementioned
municipalities.
[Amended 8-2-1995 by L.L. No. 8-1995; 8-21-2002
by L.L. No. 7-2002; 12-7-2005 by L.L.
No. 8-2005]
The area of the Triple Cities Economic Development Zone, within the
Town of Union, is set forth on the maps entitled "Triple Cities Empire Zone,"
Exhibits A, B and C.[1]
[1]
Editor's Note: Said maps are included at the end of this chapter.
The Town of Union hereby agrees, upon the approval of the aforementioned
economic development zone, to provide local tax and other incentives, pursuant
to Real Property Tax Law § 485-e, to properties within the economic
development zone.
The zone certifier required by the Economic Development Zones Program
shall be an employee of the Broome County Industrial Development Agency until
such time as an Economic Development Alliance is established.
The Economic Development Zone Administrative Board shall have a membership
of 13 individuals and shall include a representative of organized labor, a
financial institution, an educational institution, an employee or officer
of the Town of Union, the City of Binghamton and the Villages of Endicott
and Johnson City. There shall be appointed from the City of Binghamton and
the Villages of Endicott and Johnson City representative(s) from a community
organization, a resident of the zone and a business owner.
[Added 9-20-1995 by L.L. No. 10-1995]
A.
The procedures and criteria listed below are adopted
to make economic development zone tax benefits available to businesses relocating
to the Town of Union's portion of the zone (excluding portions in Endicott
and Johnson City) from within the town.
B.
The applicant business must submit to the Triple Cities
Economic Development Zone Coordinator an application for zone certification
with a brief narrative and evidence it has moved or is moving into the zone
and meets one of the following criteria:
(2)
An existing business is expanding and has insufficient
or inappropriate space at its present location.
(3)
An existing business is leasing or otherwise occupying
space which it does not own and has acquired a facility within the zone.
(4)
The existing business is operating out of a person's
home and is seeking to relocate outside the home.
(5)
The proposed location better meets the goals of the applicant's
business plan.
C.
The Triple Cities Economic Development Zone Coordinator
is hereby authorized to approve certification eligibility for such businesses
when they meet any one of those criteria.
