[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.