The City of Oneonta herein adopts this article to provide for
the exemption of multiple dwellings constructed or substantially rehabilitated
in a benefit area set forth herein from taxation and special ad valorem
levies, but not special assessments, as authorized in § 421-m
of the New York State Real Property Tax Law.
As used in this article, the following terms shall have the
meanings indicated:
BENEFIT AREA
The area within the City, including all parcels located in
the following zoning districts as shown on the official City of Oneonta
Zoning Map: R3, R4, MU1, MU2, and C/I. In addition, such exemption
may apply to projects with PUD Districts subject to the determination
of the Planning Commission at the time of the application.
MULTIPLE DWELLING
A dwelling, other than a hotel, which is to be occupied or
is occupied as the residence or home of three or more families living
independently of one another, whether such dwelling is rented or owned
as a cooperative or condominium.
SUBSTANTIAL REHABILITATION
All work necessary to bring a property into compliance with
all applicable laws and regulations, including but not limited to
the installation, replacement or repair of heating, plumbing, electrical
and related systems and the elimination of all hazardous and immediately
hazardous violations in the structure in accordance with state and
local laws and regulations of state and local agencies. Substantial
rehabilitation may also include reconstruction or work to improve
the habitability or prolong the useful life of the property; provided
substantial rehabilitation shall not include ordinary maintenance
or repair.