[Adopted 3-4-2013 by L.L. No. 1-2013]
The City of Corning hereby authorizes the property tax incentive provided in § 485-N of the Real Property Tax Law.[1]
[1]
Editor’s Note: Section 485-N of the Real Property Tax Law authorizes municipalities to provide tax abatements for development and redevelopment of commercial and mixed-use properties that are converted, created, modernized and rehabilitated and which are contained within a designated area.
[Amended 1-20-2015 by L.L. No. 1-2015; 8-5-2019 by L.L. No. 2-2019; 3-7-2022 by L.L. No. 1-2022]
The Mayor has appointed a Commercial/Mixed-Use Incentive Board as defined in Subdivision 2(b) of § 485-N of the Real Property Tax Law which shall be composed of three members of the City Council: Frank Muccini (Chairman); Diane Telehany; and Betty Coccho.
Such board shall present a plan to the City Council concerning the various types of commercial and/or mixed-use properties which may be granted an exemption pursuant to Subdivision 2(b) of § 485-N of the Real Property Tax Law, and identify designated benefit areas, within which such exemption may be offered.