The following parcels, as shown on the Tax Maps of the Town
of Cortlandt as (section, block, and lot) SBL 43.10-2-1, SBL 43.10-2-2,
SBL 43.10-2-3, and SBL 43.14-2-1.1 be and hereby are determined to
be exempt from the real property tax assessment rolls of the Town
of Cortlandt.
The Town Board will be authorized by resolution to enter into
a PILOT Agreement with the owner of any current or former nuclear
generating facility which meets the criteria of the Real Property
Tax Law. Said PILOT agreement will be on such terms and conditions
as the Town Board may deem appropriate and adopted by further resolution.
Any PILOT agreement entered into by the Town may also be concurred
in by other taxing entities which utilize the Town's assessment roll,
such as Westchester County, the Hendrick Hudson School District, the
Westchester County Solid Waste District, and the Verplanck Fire District.
Upon concurrence, said property will be deemed to be exempt for the
purposes of their assessment rolls.
Pursuant to § 485 of the Real Property Tax Law of
the State of New York, the Town Board of the Town of Cortlandt is
authorized to exempt current and former nuclear-powered electric generating
facilities from taxation, special ad valorem levies and special assessments
imposed by the Town to the extent provided in §§ 485
and 490 of the Real Property Tax Law.
The Town Board finds that exemption from taxation of current
and former nuclear-powered electric generating facilities located
in the Town, providing for payments in lieu of tax agreements, and
removal of the nuclear-powered electric generating facilities located
in the Town from the state equalization program is in the best interest
of the Town and will facilitate economic and fiscal stability for
the Town and its citizens.
Pursuant to, and to the fullest extent permitted by, Real Property
Tax Law §§ 485 and 490, the Town Board hereby exempts
current and former nuclear-powered electric generating facilities
located within the Town from taxation, special ad valorem levies and
special assessments imposed by the Town subject to a PILOT agreement
approved by the Town Board.