[Adopted 12-7-1995 by L.L. No. 1-1995]
Effective January 1, 1995, procedures relating to the foreclosure
of tax liens and the general collection of delinquent taxes by the
City of Glens Falls shall conform to the terms of Article 11 of the
Real Property Tax Law of the State of New York, as amended.
The redemption period for taxes already in arrears prior to
1995 shall not expire any sooner than December 31, 1995, and shall
carry a redemption period which will expire no later than December
31, 1996; taxes becoming a lien as of January 1, 1996, shall carry
a redemption period which will expire no later than December 31, 1997,
and said lien shall accrue in subsequent tax years in the same manner
as hereinbefore set forth.
Pursuant to § 1184, Subdivision 2, Article 11 of The
Real Property Tax Law of the State of New York, the City does hereby
adopt a plan for installment payments of eligible delinquent taxes
which may be implemented by agreement with eligible City land owners
for installment payments of eligible delinquent taxes as hereinafter
provided:
A.
The maximum term of installment payment agreements shall not exceed
24 months.
B.
The payment schedule shall provide for monthly payments.
C.
The initial down payment upon execution of the installment payment
agreement shall be 25% of the eligible delinquent taxes.
D.
The properties to which this article shall apply shall be all properties
within the City of Glens Falls.
E.
The definitions of "eligible landowners" and "eligible delinquent
taxes" are as defined under § 1184 of the Real Property
Tax Law which in all other respects shall govern the interpretation
and application of this article.
