"Eligible delinquent taxes" means the delinquent City taxes, including
interest, penalties and other charges, which have accrued against
a parcel in the City of Hudson for a period of 21 months or more since
levied and remain outstanding.
The City Treasurer is hereby authorized to offer an installment plan
for the payment of eligible delinquent taxes, which plan will be made
available to each eligible owner on a uniform basis pursuant to Real
Property Tax Law § 1184. Such installment plan shall commence
upon the signing of an agreement between the City Treasurer and the
eligible owner.
Until January 15, 2012, each of such installment agreements may be
for a thirty-six-month period with monthly payments, plus 1% interest
and a down payment of 10% of the delinquent taxes. All eligible owners
will be required to enroll and complete a budget counseling class
designated and approved by the City Treasurer.
Beginning January 15, 2012, all payment plans shall be for a twenty-four-month
period with monthly payments plus 1% interest and an initial down
payment of 25% of the delinquent taxes. Such installment plan shall
commence upon the signing of an agreement between the City Treasurer
and the eligible owner. Nothing herein shall be construed to preclude
a taxpayer from paying a larger down payment or making larger monthly
payments.
Eligibility. No property owner shall be eligible for this agreement
who does not meet the requirements of Real Property Tax Law § 1184
for participation in a tax delinquency payment plan.
Default. Property owners who fail to make payments as specified under
Real Property Tax Law § 1184(8) shall be in default and
shall be subject to foreclosure, in addition to the penalties set
forth therein.