Town of Irondequoit, NY
Monroe County
By using eCode360 you agree to be legally bound by the Terms of Use. If you do not agree to the Terms of Use, please do not use eCode360.
Table of Contents
Table of Contents
[Adopted 4-3-1986 by L.L. No. 3-1986; amended in its entirety 3-19-2015 by L.L. No. 3-2015]
Pursuant to the authority of Subdivision 7 of § 485-b of the Real Property Tax Law, the partial exemption from taxation, special ad valorem levies and service charges provided by § 485-b is hereby increased to the maximum allowable by Subdivision 2 of § 485-b of the Real Property Tax Law.
A. 
Purpose. This section is enacted for the purpose of establishing an Industrial and Commercial Incentive Board pursuant to Real Property Tax Law § 485-b, Subdivision 9. The Town Board has determined that the Industrial and Commercial Incentive Board should be established and directed to present to the Town Board a plan identifying the types of business that should be offered limited business exemption tax credits and the geographic areas in the Town where the limited business incentive should be offered.
B. 
Creation. The Town Board hereby creates an Industrial and Commercial Incentive Board. The Industrial and Commercial Incentive Board shall be comprised of seven members. These members shall include the Chairperson of the Planning Board, one member of the Town staff and five Town residents selected by the Town Board.
C. 
Term. Members of the Industrial and Commercial Incentive Board shall serve at the pleasure of the Town Board. Members shall elect their own Chairman and establish such administrative policies and procedures as is necessary to effectuate the purpose of the Real Property Tax Law § 485-b, Subdivisions 9, 10 and 12.
D. 
Powers. The Industrial and Commercial Incentive Board shall have all the powers and duties set forth in the Real Property Tax Law § 485-b, Subdivisions 9, 10 and 12.
E. 
Draft plan. The Industrial and Commercial Incentive Board shall present the Town Board with a draft plan containing the information required by Real Property Tax Law § 485-b, Subdivision 9(b), including, without limitation, recommendations as to the types of business that should be offered the limited business investment tax credit and recommendations as to the geographic areas within the Town where the limited business investment tax credit should be offered. Such draft plan shall be presented within 60 days of the first Board meeting.
F. 
Final plan. After consultation with the Town Board regarding the draft plan, the Industrial and Commercial Incentive Board shall make any revisions it deems appropriate to that plan before presenting the Town Board with a final plan complying with the provisions of Real Property Tax Law § 485-b, Subdivision 9(b), and this article.
G. 
Implementation. Upon receipt of the final plan, the Town Board may, but shall not be required to, adopt a local law implementing the recommendations contained in the final plan identifying the type of business that should be offered the limited business investment tax credit and the geographic areas within the Town where the limited business investment tax credit should be offered.
H. 
Amendments. The final plan shall be subject to periodic review as determined by the Town Board. Upon specific request of the Town Board, the Industrial and Commercial Incentive Board shall present the Town Board with a draft amended plan complying with the provisions of Real Property Tax Law § 485-b, Subdivision 9(b), and this article.