A new Article
IX is hereby inserted into Chapter
263 of the Code of the Town of Onondaga which provides that, pursuant to § 485-g of the Real Property Tax Law, residential building lots which are part of a subdivision plat, for residential development which includes infrastructure intended to be dedicated to the Town, or a special district thereof, shall be exempt from taxation to the extent of the increased assessed value of such lots resulting from the addition of such infrastructure for a period until the issuance of a certificate of occupancy but in no event longer than three years from the granting of the exemption which certifies that a residence is constructed on a building lot in said subdivision.
The Town Board of the Town of Onondaga finds and hereby determines
that it is necessary to provide for such exemptions to encourage residential
development in the Town.
The Town Board has adopted this article under the authority
of § 485-g of the Real Property Tax Law of the State of
New York.
As used in this article, the following terms shall have the
meanings indicated:
ASSESSOR
The Town Assessor for the Town of Onondaga.
EXEMPTION
The value of the infrastructure proportionately applied to
each of the lots in the subdivision as determined by the Assessor.
INFRASTRUCTURE
Shall be comprised of the following public facilities which
are intended to be dedicated to the municipal corporation or a special
district thereof: streets, storm and sanitary sewers, drainage facilities
and any other facilities required by the municipality to be installed
in such residential subdivision as noted on the filed plat plan for
such residential subdivision.
NEW RESIDENTIAL SUBDIVISION
A subdivision approved by the Town or its agencies and the
plat filed with the County Clerk's office after the effective date
of this article.
RESIDENTIAL BUILDING LOTS
Any plat of a subdivision which shall be improved by a building
or structure designed and occupied exclusively for residential purposes,
but not more than two families.
RESIDENTIAL SUBDIVISION
The division of any parcel of land into any number of residential
building lots, blocks or sites as provided in the Town's ordinances,
local laws, and regulations.
Infrastructure improvements for residential building lots reconstructed,
altered, or improved for residential purposes.
The exemption shall terminate upon three years from the granting
of the exemption or upon granting of a certificate of occupancy, whichever
event shall occur first.
A copy of this article shall be filed with the Office of Real
Property Services.
Should any word, section, clause, paragraph, sentence, part,
or provision of this article be declared invalid by a court of competent
jurisdiction, such determination shall not affect the validity of
any other part hereof.
This article hereby repeals all other ordinances or local laws
of the Town of Onondaga in conflict with the provisions of this article
and are hereby superseded or repealed to the extent necessary to give
this article force and effect during its effective period.
This article, after its adoption by the Town Board of the Town
of Onondaga, shall take effect immediately upon its filing with the
Office of the Secretary of State of the State of New York.