[HISTORY: Adopted by the Town Board of the Town of New Paltz 4-15-2004 by L.L. No. 3-2004. Amendments noted where applicable.]
Editor's Note: This chapter was originally adopted as Ch. 37 but was renumbered to maintain the alphabetical sequence of the Code.
Pursuant to the provisions contained at § 485-b of the Real Property Tax Law, the Town of New Paltz hereby establishes a board to be known as the "Industrial and Commercial Incentive Board," (hereinafter referred to in this chapter as "ICIB").
Membership. The Industrial and Commercial Incentive Board shall consist of five members who shall be appointed by the Town Board and who shall serve at the pleasure of the Town Board, one of whom shall, at the time of appointment, be a member of the Town Board of the Town of New Paltz, one of whom shall, at the time of appointment, be a member of the Town of New Paltz Planning Board, one of whom shall, at the time of appointment, be a member of the Environmental Conservation Commission of the Town of New Paltz, plus two additional persons who, at the time of their respective appointments and throughout their term of appointment, shall be electors residing within the Town of New Paltz.
Terms of members. The appointment of members to the ICIB shall be for terms so fixed that one member's term shall expire at the end of the calendar year in which this chapter was originally adopted. The remaining members' terms shall be so fixed that two members' terms shall expire at the end of the next calendar year thereafter and two members' terms shall expire at the end of the second year next succeeding the end of the calendar year in which this chapter was originally adopted. At the expiration of each member's appointment, the replacement member shall be appointed for a term equal in years to the term of the member replaced.
Vacancies. If a vacancy shall occur otherwise than by expiration of a term, the Town Board shall appoint a new member for the unexpired term.
Chairperson. The Town Board shall designate the chairperson thereof, and, in the absence of a chairperson, the ICIB may designate a member to serve as Acting Chairperson.
Books and records. The ICIB shall designate a member to serve as recording secretary who shall be in charge of its minutes, books and records. In the absence of a recording secretary, the ICIB may designate a member to serve as acting secretary.
The ICIB shall have the powers and duties prescribed by § 485-b of the Real Property Tax Law of the State of New York and shall present a plan to the Town Board of the Town of New Paltz concerning the various types of business real property which should be granted eligibility for exemption pursuant to the provisions of § 485-b of the Real Property Tax Law of the State of New York.
Such plan shall make recommendations concerning the applicability of the exemption to specific sectors and subsectors, as defined in the North American Industry Classification System published by the United States Government.
Such plan shall also make a recommendation as to the manner in which such exemption shall be computed consistent with the provisions of § 485-b of the Real Property Tax Law of the State of New York.
Such plan shall identify specific geographic areas within which such exemptions shall be offered.
In developing such plan, the ICIB shall consider the planning objectives of the municipality within which such exemptions may be offered, the necessity of the exemption to the attraction or retention of such businesses and the economic benefit to the New Paltz community of providing exemptions to various types of businesses.
In addition, the ICIB may make recommendations to the Town Board of the Town of New Paltz with respect to actions which the ICIB deems desirable to improve the economic climate of the New Paltz community.
The ICIB shall submit an annual report to the Town Board not later than the first day of October of each year, concerning the activities and work of the ICIB and from time to time shall submit such reports and recommendations as may be necessary to fulfill the purposes of this chapter.
The members of the ICIB shall receive no compensation for their services as members thereof but may be reimbursed for reasonable and necessary expenses incurred in the performance of their duties within the appropriations made available therefor.