STATE OF NEW YORK ________________________________________________________________________ 7007--A 2023-2024 Regular Sessions IN SENATE May 16, 2023 ___________ Introduced by Sen. ASHBY -- read twice and ordered printed, and when printed to be committed to the Committee on Cities 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT in relation to permitting the City of Troy to retroactively extend a real property tax exemption to T.R.I.P. Redevelopment Associ- ates The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Notwithstanding any other provision of law to the contrary, 2 the City of Troy is hereby authorized to enter into a retroactive 3 Payment-In-Lieu Of Tax Agreement ("PILOT Agreement") with T.R.I.P. 4 Redevelopment Associates, a New York limited partnership and redevelop- 5 ment company, granting an exemption from real property taxes pursuant 6 to section 125 of the private housing finance law for the 2021 and 2022 7 assessment rolls, for the parcels located in the City of Troy, as set 8 forth in Schedule "A" to the PILOT Agreement and more particularly iden- 9 tified below: 10 CURRENT ADDRESS SECTION-BLOCK-LOT NUMBER 11 55 Middleburgh St. 90.79-4-2 12 57-59 Middleburgh St. 90.79-4-3 13 71 Middleburgh St. 90.79-5-2 14 73 Middleburgh St. 90.79-5-3 15 77 Middleburgh St. 90.79-5-5 16 79 Middleburgh St. 90.79-5-6 17 81 Middleburgh St. 90.79-5-7 18 438 Eighth St. 90.79-4-42 19 462 Eighth St. 90.79-4-50 20 516 Eighth St. 90.79-4-58 21 518 Eighth St. 90.79-4-59 EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD11412-02-3S. 7007--A 2 1 520 Eighth St. 90.79-4-60 2 284 Ninth St. 101.23-6-39 3 341 Ninth St. 90.79-4-25 4 345 Ninth St. 90.79-4-23 5 380 Ninth St. 90.79-5-62 6 382 Ninth St. 90.79-5-63 7 377 Ninth St. 101.23-6-4 8 457 Tenth St. 90.79-5-12 9 463 Tenth St. 90.79-5-10 10 The PILOT Agreement, and the exemption conferred thereby, shall be 11 effective as if the PILOT Agreement had been fully executed and approved 12 by the City Council of the City of Troy on or before the taxable status 13 dates established for the applicable rolls. Upon approval by the City 14 Council of the City of Troy and execution by all parties, the assessor 15 of the City of Troy may grant exemption from all taxation and make 16 appropriate corrections to the applicable rolls. Upon the granting of 17 exemption and such organization therefore shall have paid any tax with 18 respect to the applicable rolls, the governing body or tax department 19 may, in its sole discretion, provide for the refund of those taxes paid 20 and cancel any taxes, fines, penalties, interest, or tax liens remaining 21 unpaid. 22 § 2. This act shall take effect immediately.