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OH, GOOD EVENING OR GOOD AFTERNOON.
UH, WELCOME TO OUR TOWN BOARD MEETING.
AND, UH, WE'LL START WITH, UM, A RESOLUTION TV ONE.
UH, FIRST, UH, WE OPENED UP THE MEETING WITH THE ROLL CALL.
SO PAUL, YOU'RE MOVING TO OPEN THE MEETING.
AND FIRST RESOLUTION IS WAIT, WAIT, WAIT, WAIT.
PRESENT COUNCILWOMAN GINA JACKSON.
COUNCILMAN KEN JONES? PRESENT.
SHE HAS A, SHE HAS A FEW, FEW AMENDMENTS TO THE RESOLUTION.
JUST, JUST, JUST WORDING ISSUES.
SO NOW PAUL, MOVE THE, MOVE THE RESOLUTION.
YEAH, I'D LIKE TO MOVE THE RESOLUTION.
AND NOW, ED, DO YOU HAVE COMMENTS? I DO.
UM, I ACTUALLY HAVE A COUPLE AMENDMENTS TO THE RESOLUTION AS WRITTEN TO ADD IN THE HEADING THAT THE COMPLEX, UM, IT WOULD BE ALSO FOR COOPERATIVE COMPLEX UNITS, JUST IN CASE THERE'S SOMEBODY IN THE TOWN OF GREENBURG.
IT'S PROBABLY NOT EXISTENT THAT DOESN'T KNOW, BUT YOU'RE THE ASSESSOR AND, OH, SORRY.
YOU'RE THE ONE THAT'S GOING TO ACTUALLY HAVE TO, UH, DEAL WITH THIS ISSUE.
SO I, YES, I WOULD BE RESPONSIBLE FOR THE IMPLEMENTATION OF IT.
UH, EDIE MCCARTY, THE ASSESSOR IN THE TOWN GRAVE.
SO JUST A COUPLE OF AMENDMENTS TO ADD.
UH, THE WORD COOPERATIVE COMPLEX OR COOPERATIVE UNIT THROUGHOUT THE RESOLUTION.
AND IN ADDITION TO THAT, THE OTHER AMENDMENT THAT I WOULD LIKE TO SEE IS THAT THE CONDOMINIUM UNITS AND THE COOPERATIVE UNITS WOULD BE ASSESSED SIMILAR TO ALL OTHER RESIDENTIAL PROPERTIES.
SO WILL THIS APPLY ONLY TO UNINCORPORATED OR THE VILLAGES AS WELL? THIS WOULD BE TOWN MY LEGISLATION.
SO IT'S THE VILLAGES AND UNINCORPORATED GREENBURG? YES.
AND THIS IS STRICTLY JUST FOR THE PUBLIC'S INFORMATION.
SO THE BILLS, THEY STAY THE SAME, IT'S JUST THE, THE WORDING OF THE RESOLUTION.
SHOULD IT SAY, SHOULD IT SAY, UM, UM, UH, REAL PROPERTY? THAT'S AN INTERESTING TOPIC.
UM, I'M AS OPPOSED TO, WAIT A MINUTE, I JUST WANNA MAKE SAID SHE JUST SAID RESIDENTIAL PROPERTY, RIGHT? ISN'T THAT WHAT YOU JUST SAID? YES.
I'M WONDERING IF WE SHOULD SAY RESIDENTIAL WHEEL PROPERTY.
SO THAT'S A REALLY GOOD POINT TO READ.
UM, WE WOULD HAVE TO, IT'S, WELL, THAT'S TRUE.
IT ISN'T A REAL PROPERTY FLOW SECTION.
IT'S IN THE REAL PROPERTY TAX LAW SESSION SECTION.
HOWEVER, COOPERATIVES ARE NOT CONSIDERED REAL PROPERTY FOR THE PURPOSES.
THEY WOULD, SO AS I WROTE IT WITH WHERE IT SAYS RESIDENTIAL PROPERTY MM-HMM.
SO, UH, YOU'RE GONNA MOVE THAT AS AMENDED.
PAUL, I'D LIKE TO MOVE RESOLUTION TB ONE AS AMENDED RESOLUTION OF THE TOWN SECOND BOARD OF THE TOWN OF GREENBURG, ADOPTING A HOME RULE MESSAGE OF SUPPORT THROUGH SOMEBODY.
BILL NUMBER EIGHT TEN FOUR EIGHTY EIGHT, AND SENATE BILL SS 9 4 3 AND REQUESTING OF NEW YORK STATE LEGISLATURE EXECUTE A TOWN HOME RULE REQUEST AUTHORIZING THE TOWN OF GREENBURG COUNTY OF WAS TO AMEND SUBDIVISION ONE OF SECTION 5 81 OF THE REAL PROPERTY TAX LAW AS IT RELATES TO TAXATION OF PROPERTY OWNED BY NEW CONDO OR CO-OP, UH, BASIS IN THE TOWN OF GREENBURG.
I'M NOT COMFORTABLE WITH THIS.
I'M NOT COMFORTABLE WITH, I'M NOT COMFORTABLE KNOWING.
DID, DID ANYONE, UM, SPEAK TO THE MAYORS OF THE VILLAGES? UH, WELL, THIS WILL BE, UM, THIS IS FOR THEM TO PASS THE BILL.
THIS IS NOT, THERE'LL BE ANOTHER, ANOTHER.
THIS IS NOT, THIS IS, IF THE LEGISLATURE APPROVES THIS, UM, UNDERSTOOD.
BUT IT WOULD SEEM TO ME THAT, YOU KNOW, IT SHOULDN'T BE A SURPRISE THAT WE WOULD HAVE SPOKEN TO THEM IN ADVANCE.
BUT THIS WAS ALSO, UH, INSPIRED BY THE VILLAGE OF DOPPS FERRY, YOU KNOW, A COUPLE YEARS AGO, UH, WITH, WHAT IS IT? THE, SO FIVE OTHER VILLAGES.
THE TOWN BOARD PASSED, UM, 2019, MAYBE 18.
WE PASSED INTO LOCAL LAW THAT ANY PROPERTIES THAT CONVERT FROM RESIDENTIAL TO A CONDOMINIUM COMPLEX WOULD BE ASSESSED THE SAME WAY THAT THEY WERE AS, AS IF THEY WERE RESIDENTIAL PROPERTIES.
SO YOU COULDN'T HAVE NEIGHBORHOODS CONVERTING TO CONDOS FOR CHEAPER TAXES.
AND, AND IT'S, IT'S HAPPENED AND IT'S SUBSTANTIAL TO THE OTHER PROPERTY TAXPAYERS.
SO IN THAT CONVERSATION, THE QUESTIONS HAD COME UP WITH REGARD TO WHAT
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ABOUT ANY NEW CON CONDOMINIUM COMPLEXES.SO, UM, EXCUSE ME, THE TOWN BOARD AT THE TIME HAS SPOKEN TO THE LEGISLATURE, AND THIS IS HOW THIS GOT STARTED.
IN THE INTERIM OF THOSE PROCESSES, I PERIODICALLY MEET WITH THE VILLAGE TRUSTEES AND THE VILLAGE MAYORS AND ADMINISTRATORS.
SO I'M NOT SURE IF THEY'RE AWARE OF THE SPECIFICS OF THIS, BUT I KNOW THAT THEY'RE AWARE THAT WE HAVE BEEN TALKING ABOUT IT.
SO THIS HERE RESOLUTION, CORRECT ME IF I'M WRONG, IS A RESOLUTION IN SUPPORT OF THE LEGISLATION.
WE WOULD STILL HAVE TO GO THROUGH THE ENTIRE PROCESS OF, UM, OF PASSING THE HOME RULE OR TOWN LAW.
AND WHEREAS THE VILLAGES AT THAT POINT, IF THEY CHOSE TO OPT IN, THEY WOULD, AND IF THEY CHOSE NOT TO, THEY WOULDN'T.
ADMINISTRATIVELY, I'M HOPING THAT EVERYBODY OPTS INTO IT, BUT THEY DO HAVE THAT OPTION.
SO BASICALLY IF THIS HOME RULE IS APPROVED, IF THE LEGISLATION IS APPROVED, THEN THE TOWN BOARD COULD BASICALLY SAY, OKAY, WE'RE GONNA APPLY THIS TO UNINCORPORATED GREENBERG, OR WE COULD THEN OFFER THE VILLAGES THE OPTION OF SAYING UNDERSTOOD.
WE DON'T WANT IT TO APPLY TO OUR VILLAGE.
AND BELIEVE THAT TO BE CORRECT.
I'D ALSO LIKE TO UNDERSTAND, SINCE I WASN'T ON THE BOARD AT THAT POINT, UM, I'M SMILING
SO I CAN TELL YOU THERE'S NOT BEEN A STUDY THAT I'M AWARE OF IN THE TOWN OF GREENBURG, AND I'VE BEEN HERE FOREVER, 16 YEARS.
UM, THERE IS, THERE HAS BEEN OTHER MUNICIPALITIES THAT ADOPT AN EXEMPTION.
IT'S KNOWN AS THE HOMESTEAD OPTION.
IT'S AN EXEMPTION, WHICH THERE'S ONE IN SLEEPY HOLLOW, WHICH IS RIGHT NEXT TO TERRYTOWN, WHICH IS NEXT TO THE TOWN GREENBERG.
AND THEY, SO WHAT THAT MEANS IS THAT WHERE THERE'S A CONDOMINIUM UNIT, AND IF IT SELLS FOR A MILLION DOLLARS, IT'S ASSESSED FOR A MILLION DOLLARS.
WHEREAS IN OUR TOWN RIGHT NEXT DOOR, IF A CONDOMINIUM SELLS FOR A MILLION DOLLARS BECAUSE OF THIS RESTRICTED VALUE, IT'S ASSESSED SOMEWHERE BETWEEN SIX AND 750,000 BECAUSE OF THE RESTRICTED VALUE.
SO I KNOW THAT THE VILLAGE OF SLEEPY HOLLOW IS BUILDING A DEVELOPMENT EDGE.
AND, UM, THEY CAN'T BUILD THEM QUICK ENOUGH KNOWING, KNOWING THAT RIGHT NEXT DOOR WE HAVE THIS AND THEY HAVE THAT, THEY CAN'T BUILD THEM.
WELL, THERE, THERE ARE OTHER ATTRIBUTES BECAUSE IT'S RIGHT ON THE HUDSON RIVER.
AND IT IS VERY CONVENIENT TO THE MARIO CUOMO BRIDGE.
AND SO THERE ARE OTHER THINGS THAT WOULD ADVOCATE FOR THAT.
BUT MY POINT TO YOU, AND THEN YOU'RE BRINGING UP A REALLY GOOD POINT, BUT THE POINT IS THAT I DON'T SEE THAT, THAT THAT WAS A DETERRENT THERE.
WELL, I UNDERSTAND THAT, BUT THERE WERE, THERE WERE OTHER PLUSES THAT WE DON'T NECESSARILY HAVE OTHER THAN THE RIVER TOWNS.
SO, UM, THIS WOULD ALLEVIATE THE REALLOCATION OF THE TAXES.
UM, IF ANY NEW CONDOMINIUMS WERE BUILT, UM, ALLEVIATE THE BURDEN ON OTHER PROPERTY OWNERS, IT ALSO TAKES AWAY AN ISSUE.
WE'VE BEEN TALKING ABOUT REDEVELOPING THE FOUR CORNERS FOR, FOR YEARS.
SO THE THING IS, UM, IF THIS LEGISLATION IS APPROVED AND A DEVELOPER COMES IN AND SAYS, I WANT TO DO MIXED USE DEVELOPMENT, A CONDO AND SOME COMMERCIAL, THEN IT BASICALLY GIVES, UM, UM, US THE ABILITY OF SAYING YES, GIVING THEM A CHANCE TO REDEVELOP IT.
IT TAKES AWAY A POTENTIAL CONTROVERSY.
AND AGAIN, UM, IF THIS LEGISLATION IS APPROVED, IT MAY TURN OUT THAT A YEAR FROM NOW, YOU KNOW, BEFORE WE IMPLEMENT, WE DON'T HAVE TO, YOU KNOW, IMPLEMENT IT IMMEDIATELY.
WE COULD BASICALLY HOLD HEARINGS, HAVE THIS, YOU KNOW, MORE DISCUSSIONS WHERE WE HAVE THAT OPTION.
IT'S LIKE, RIGHT NOW WE'RE WORKING WITH JERRY ON THE TENNIS BUBBLE, YOU KNOW, NOW WE, WE GOT HOME RULE LEGISLATION APPROVED, PROBABLY WAS FIVE, SIX YEARS AGO.
BUT NOW ALL OF A SUDDEN, THE TIME'S, RIGHT.
THEY HAVE A, THEY HAVE APPLICANTS WHO ARE INTERESTED.
THEY DIDN'T HAVE APPLICANTS, YOU KNOW, A COUPLE YEARS AGO AND WILL, WILL BENEFIT FROM IT.
I MEAN, I, I SEE THERE'S NO RISK RIGHT NOW BECAUSE THE DIS YOU KNOW, EVERY POINT YOU'RE MAKING, YOU KNOW, IT'S VAL, THESE ARE ALL LEGITIMATE ISSUES, YOU KNOW, IT'S NOT, YOU KNOW, IT'S, IT'S NOT LIKE DEFINITELY ONE YES OR NO, YOU KNOW, REASONABLE PEOPLE COULD DIFFER, BUT
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LET, IF WE, THE LEGISLATURE ONLY HAS TWO MORE DAYS.IF WE GET THE LEGIS RIGHT NOW, ANDREA STEWART COUSINS AND TOM ANTE SAID THEY COULD GET IT PASSED THROUGH THEIR HOUSE.
THEN IF IT PASSES AND THE GOVERNOR SIGNS IT INTO LAW, THEN WE COULD DO A LOT OF OUTREACH.
YOU KNOW WHAT, I, I DON'T, I I, AND YOU COULD, YOU COULD ALWAYS VOTE NO IF YOU WANT LATER ON, BUT I DON'T HAVE AN OPINION ABOUT THIS EITHER WAY.
IT'S JUST, I'M JUST GONNA LAY SOME THE FACTS OUT TO YOU THAT ON A REGULAR BASIS, DAILY BASIS, MULTIPLE TIMES ON A DAILY BASIS, THIS IS WHAT I'M HEARING ABOUT A SINGLE FAMILY HOMEOWNER HAVING TO PICK UP THE BURDEN ON THESE CONDOMINIUMS, THESE MULTIMILLION DOLLAR CONDOMINIUMS. AND, AND THIS WOULD ALLEVIATE THAT FOR ANYTHING NEW COME GOING FORWARD.
AND EVEN WHAT IS, WHAT IS THE ASSESSOR'S, UH, ASSOCIATION OR WHATEVER YOU CALL YOURSELVES MM-HMM.
WHAT DO THEY THINK ABOUT THIS NEW YORK STATE ASSESSORS ASSOCIATION HAS BEEN AROUND FOR 45 YEARS? I HAVE NOT BEEN AROUND THAT LONG.
UM, UM, BUT I'M PUSHING 35 YEARS, AND SINCE I CAME IN AND EVEN BEFORE I CAME INTO THE ASSOCIATION, WHEN THIS LAW BECAME IN INTO EFFECT, UM, THE ASSESSOR'S ASSOCIATION WAS ADAMANT ABOUT TRYING TO GET THIS, UM, REPEALED.
THAT WAS THE WORD I WAS LOOKING FOR.
SO, SO, SO ALL OVER THE STATE OF NEW YORK.
SO FOR EVERYBODY TO KNOW, I'M A CONDOMINIUM OWNER, UM, AND ALTHOUGH IT'S NOT REALLY CLEAR TO ME HERE THAT I'M EXEMPT, IT DOES SAY, UM, NEW, IT SAYS NEW, IT SAYS NEW, NEWLY CONSTRUCTED CONDOMINIUM.
SO IT DOESN'T, UM, IT DOESN'T GO BACKWARDS.
YOUR GRANDFATHER, THIS LAW, WE WILL NOT CORRECT.
YOU DIDN'T HAVE TO EXPLAIN THAT TO ME.
I JUST WANTED TO BE CLEAR THAT I AM A CONDO OWNER FOR EVERYONE TO KNOW, AND THAT I AM NOT CONCERNED ABOUT MY OWN PERSONAL SELF.
THAT MY CONCERNS ARE THAT IT, THAT THIS IS WHY, YOU KNOW, THIS WAS REALLY VERY SUDDEN.
IT JUST CAME ABOUT FOR ME TO FIND OUT.
AND UNFORTUNATELY I WAS SICK, SO I DIDN'T PURSUE IT SO WELL.
UM, BUT, AND THEN OF COURSE OVER THE WEEKEND WAS A LITTLE BIT CRAZY.
BUT, UM, THIS IS, THIS IS, I, I, I JUST WANNA UNDERSTAND, AND, AND YOU CAN REASSURE ME, USE THE EDGE AS A, AS AN EXAMPLE.
UM, BUT DO YOU FEEL CONFIDENT THAT GREENBERG WOULDN'T BE HURT BY PEOPLE HAVING TO SPEND MORE MONEY? YOU KNOW, IS THERE ANY, HAS THIS BEEN HA HAS THIS BEEN DONE ELSEWHERE? HAS ANYONE LOOKED AT THIS IN ANY OTHER CONTEXT? I'M CURIOUS.
WHAT DO YOU MEAN? MORE MONEY, MORE TAXES, BUT LOWER UPFRONT COST? WELL, YOU KNOW, HOW MUCH, WHAT THE DIFFERENT, FIRST OF ALL, I GUESS IT WOULD BE WHAT THE DELTA WOULD BE BETWEEN SELLING IN THE SAME UNIT WITH THE SAME AMENITIES IN, WE'LL, YOU, SLEEPY HOLLOW AND TARRYTOWN, FOR EXAMPLE.
WHAT WOULD THAT DELTA BE BETWEEN THE, THE SALE, THE EXACT SAME UNITS IN THAT CASE? ROUGHLY THE SAME.
BUT THIS, THIS IS FOR BRAND NEW CONDOS.
CORRECT? THIS IS NOT A RESALE.
SO IF YOU LOSE, IF YOU LEAVE, NO, NO.
OH, THAT'S WHAT I, BECAUSE THAT'S, NO, NO, NO.
YOUR QUESTION I THOUGHT WAS GOING, I SAID, I SAID, YOU KNOW, I'M NOT, I UNDERSTAND.
LET, JUST, LET JUST FINISH, BRING IT, MIKE.
OH, I WAS IN THE MIDDLE OF TALKING.
I WAS IN THE MIDDLE OF MY QUESTION.
THAT, THAT SOMEONE WHO'S BUYING A HOME, UH, LIKE, UM, AESTHETIC AMENITIES, EVERYTHING ELSE THAT, UM, THAT WOULD, THEY, WOULD THE DIFFERENTIAL BE SUCH THAT IT WOULDN'T OVER 10 YEAR, WHICH IS USUALLY 10 YEARS IS THE LENGTH OF A HOME OWNERSHIP, RIGHT? OVER 10 YEARS, THE TAXATION WOULD NOT EXCEED THAT DELTA.
I MEAN, YOU KNOW, THEY'RE GONNA DO THAT CALCULATION.
I PEOPLE ARE, ARE PRETTY SAVVY.
SO LET ME JUST MAKE SURE THAT I UNDERSTAND YOUR QUESTION.
AND THAT IF SOMEBODY, IF SOMEBODY HAD AN OPTION OF BUYING IN SLEEPY HOLLOW WHERE THE TAXES ARE GONNA BE BASED ON THAT MARKET VALUE OR THE VILLAGE OF TARRYTOWN WHERE THE TAXES ARE RESTRICTED BECAUSE OF THE EXISTING LAW, WHAT WOULD THEY PAY MORE FOR? IS THAT YOUR QUESTION? NO.
WHAT I'M SAYING IS THE DELTA, LET'S SAY, WOULD, WOULD THE, AND WE DON'T KNOW WHAT THE MARKET WILL BEAR, WHAT WOULD THE, THE COST OF THE UNIT IN, UM, SLEEPY HOLLOW BE A HUNDRED THOUSAND LESS? WOULD IT BE 50,000? LESS WOULD BE 200,000.
SO, AND THEN LET'S SAY WE TAKE THAT, THEN YOU LOOK AT THE TAXES, I DON'T KNOW HOW MUCH THE TAXES WOULD BE, WOULD OVER THAT 10 YEAR SPAN, THE TAXATION EXCEED THAT SAVINGS UPFRONT.
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KNOW, PEOPLE DON'T, WE, IF WE DO THIS, MY GUT FAILING IS OTHER COMMUNITIES ARE GONNA DO THE SAME THING.BECAUSE WHEN I GO TO LIKE THE MUNICIPAL OFFICIALS, UM, YOU KNOW, FUNCTIONS, EVERYBODY'S COMPLAINING ABOUT THE INEQUITIES.
SO IF THIS IS SUCCESSFUL, YOU KNOW, THIS APPROACH, IT PROBABLY WILL, UH, GENERATE ENOUGH MOMENTUM WHERE IT'S GONNA BE ADOPTED.
BUT PAUL, THAT'S A FEELING THAT DOESN'T ANSWER MY QUESTION.
NO, BUT I, I SAY YOUR QUESTION IS ALMOST LIKE, LET'S SAY, UH, A DEVELOPER WANTS A BUILD AT THE FOUR ON CENTRAL AVENUE A, A CONDO, UH, NEAR SAY H MARK, YOU KNOW, I'M JUST GIVING AN EXAMPLE, A BLOCK AWAY, UH, IS WHITE PLAINS.
SO YOU'RE SAYING IF THERE'S A CONDO IN WHITE PLAINS THAT DOESN'T HAVE ON PAY TAXES ON CENTRAL AVENUE, AND A DEVELOPER IS BUILDING A CONDO ON CENTRAL AVENUE IN THE GREENBURG PORTION, THE WHITE PLAINS PORTION IS GOING TO BE SUBSTANTIALLY LESS TAXES.
SO WHY WOULD A DEVELOPER WANT TO COME, UH, TO GREENBURG? SO YOUR CONCERN IS THAT WE COULD BE DOING SOMETHING THAT WE COULD THINK IS GOOD NOW, BUT IT COULD HERD OUR ABILITY OF GENERATING ECONOMIC DEVELOPMENT.
ISN'T THAT SORT OF THE GIST? YES.
YOU KNOW, IT'S, IT'S, IT'S JUST, IT'S A QUESTION.
IT'S, YOU KNOW, I I, I'M ALL EARS, BUT, BUT AGAIN, THIS GIVES US OPTIONS.
IT DOESN'T SAY WE'RE, YOU KNOW, COMMITTED TO IT.
AND THEN IF WE GET THE LEGISLATION PASSED IN THE NEXT TWO DAYS, THEN WE HAVE TIME TO REACH OUT TO THE COMMUNITY TO REACH OUT TO THE BUSINESS COMMUNITY, TO REACH OUT TO, YOU KNOW, DEVELOPERS.
UM, AND THEN WE COULD DECIDE WHAT WE WANT TO, YOU KNOW, WHAT WE WANT TO DO.
IT, IT DOESN'T COMBAT ANYTHING.
I WISH, I WISH THAT I HAD THAT CRYSTAL BALL, UM, RIGHT.
'CAUSE IT'S A VERY, VERY, VERY LEGITIMATE QUESTION.
IF YOU'RE GONNA SIT BACK, YOU NEED TO BRING THE MIC MICROPHONE CLOSER.
WAIT, YOU CAN'T HEAR THIS MOUTH
UM, I WISH THAT I HAD THAT CRYSTAL BALL BECAUSE WHAT THE QUESTIONS THAT YOU'RE ASKING ARE REALLY LEGITIMATELY, AND THEY'RE GOOD QUESTIONS.
UM, BUT I DON'T, AND I CAN TELL YOU FROM EXPERIENCE DEALING WITH SLEEPY HOLLOW AND SEVERAL OTHER MUNICIPALITIES THAT, UM, HAVE THAT OPTION AS WELL.
TOWN OF RYE AND SLEEPY HOLLOW ARE THE TWO THAT COME TO MY MIND ALSO.
AND ROCKLAND COUNTY CLARKSTOWN, UM, THEY'VE NEVER ONCE HAVE, HAVEN'T HEARD ANYBODY COMPLAINING ABOUT THE TAX DIFFERENTIAL.
I DON'T, I'M NOT TALKING ABOUT COMPLAINTS.
NO, I'M TALKING ABOUT FROM OWNERS OR PROPERTY DEVELOPERS OR WHATEVER.
I HAVE ALSO NOT HEARD OF DEVELOPERS NOT GOING INTO THE TOWN OF RYE OR SLEEPY HOLLOW OR ROCKLAND COUNTY AND CLARKSTOWN BECAUSE THEY HAVE THAT DIFFERENT TAX.
SO THE DEVELOPER'S STILL COMING IN.
SO I THINK IF I COULD, I WISH I COULD BE MORE CONCRETE INTO ANSWER YOUR QUESTION, BUT THOSE ARE THE THREE EXPERIENCES THAT, THAT I'M AWARE OF.
THE ONLY OTHER ISSUE THAT CAME UP, UH, BY SOMEBODY IS, YOU KNOW, LOW INCOME, SAY CONDOS.
AND I, I THINK SOMEBODY MENTIONED TO ME THAT IF SOMEBODY, LET'S SAY THERE'S A DEVELOPER OF AFFORDABLE, YOU KNOW, HOUSING AND HE WANTS TO BUILD A TOWNHOUSE OR, YOU KNOW, CONDO OR CO-OP, UH, THERE'S DIFFERENT TECHS.
IT'S VERY DIFFERENT BECAUSE THE AFFORDABLE HOUSING ARE WORK IN A NUMBER OF DIFFERENT WAYS.
SO THEY HAVE TO BE VALUED BASED ON THE REAL PROPERTY TAX LAW.
THEY HAVE TO BE VALUED THE WAY THE REAL PROPERTY TAX LAW SAYS, NO MATTER WHAT THIS SAYS, THAT'S NUMBER ONE AND SUBSIDIZED SECTION EIGHT E T P A, THAT TYPE OF THING.
UM, THE SECOND COMPONENT OF AFFORDABLE HOUSING IS, AND YOU MAY BE AWARE, UH, WESTCHESTER COUNTY, AND THEY HAVE THE AFFORDABLE HOUSING, THEY HAVE A LOT AROUND THE TOWN OF GREENBURG TOWN TIRE, AND THEY HAVE RESTRICTED VALUES ON THOSE.
SO EVEN IF I FEEL A HOUSE IS WORTH A HALF A MILLION DOLLARS, THE RESTRICTED VALUE TRUMPS WHATEVER THE MARKET VALUE WILL SAY.
SO THAT'S NOT AN ISSUE EITHER.
THIS, THAT THE RESTRICTED VALUES COULD I HAVE THAT TRUMPS THESE, OH WAIT, TRUMPS THIS SO THAT IT DOESN'T COME INTO, IT WON'T AFFECT AFFORDABLE HOUSING IN TOWN.
ANY OTHER QUESTIONS? I JUST WANNA POINT OUT, YOU KNOW, THAT THIS IS COMING UP SUDDENLY AND EVERYONE'S SURPRISED BY IT BECAUSE, BUT WE HAVE AN OPPORTUNITY HERE IN 2019, UH, WE DID ALL THE OUTREACH.
THERE WAS, UH, WIDESPREAD SUPPORT FOR US DOING THIS.
IT MADE IT THROUGH THE ASSEMBLY.
IT DIDN'T MAKE IT THROUGH THE SENATE.
UH, SO THE SURPRISE IS NOT THE WORDING OF THE BILL.
WHAT THE SURPRISE IS THAT WE HAVE AN OPPORTUNITY IN THE NEXT TWO DAYS TO ACTUALLY, UM, GET IT PASSED AND SO, AND BOTH HOUSES AND THEN SEND IT TO THE GOVERNOR.
'CAUSE THAT'S A GREAT COMMENT AS WELL.
UM, THE NEW YORK STATE ASSESSORS ASSOCIATION HAS BEEN WORKING ON THE REPEAL OF THIS, UM, METHODOLOGY FOR A VERY,
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VERY, VERY LONG TIME.AND ALBEIT THIS PARTICULAR LEGISLATION SPECIFICALLY TO THE TOWN OF GREENBURG, UM, THE ASSESSORS AROUND THE STATE AND ADMIN ADMINISTRATIONS, MUNICIPALITIES, THEY'VE ALL BEEN WORKING ON THIS AS WELL.
SO WE'LL SEE MAYBE HOW, HOW, HOW WILL IT WORK FOR, UM, IF I GO TO SELL MY CONDOMINIUM? IS IT, ARE WE TALKING ABOUT THE, THE TAXATION TO BE THE LESSER TAXATION OPPORTUNITY IS ABOUT NEW CONDOS.
THAT WAS NEWLY BUILT, TRUE BUILT AND NEWLY.
NO, IT WAS SUPPOSED NEWLY BUILT FROM, IT WAS SUPPOSED TO BE STRICTLY NEWLY BUILT.
AND THE LEGISLATION IS VERY SPECIFIC, AND WE WANT IT TO BE VERY SPECIFIC.
IT DOES NOT APPLY TO EXISTING CONDOS.
THERE ARE 5,000 CONDO OWNERS IN THE TOWN OF GREENBURG.
THEY PAID A PREMIUM FOR THOSE CONDOS.
AND I WOULD FIGHT AS MUCH AS I COULD POSSIBLY DO IN THIS, THIS LITTLE SEAT THAT I HAVE, UM, TO SAY THAT I, YES, YOU PAID A PREMIUM TO BUY YOUR PROPERTY, UH, THAT THAT CONDO, AND NOW WE WANT TO ALSO, UH, CHARGE, UM, HAVE YOU PAY FULL TAXES.
WHAT THE, THE, IT'S, I'M SORRY.
WE NOT, AND SO WE WERE VERY CLEAR IN THE LEGISLATION AND IN THE BILL IT USES THE WORD NEWLY BUILT MM-HMM.
AND SO IF YOU SELL YOUR CONDO, IT'S NOT A NEWLY BUILT CONDO.
AND SO, YOU KNOW, BECAUSE THAT'S, THAT WAS THE CONCERN YEARS AGO, IS THAT, OH, THIS IS GOING TO AFFECT EXISTING CONDOS.
AND I TRULY DO BELIEVE, UM, THAT IT WOULD BE TOTALLY UNFAIR TO GO A GO AND DO THIS TO, UH, TO, UM, EXISTING ONES.
HOWEVER, FOR THOSE THAT ARE BUYING INTO BRAND NEW, YOU KNOW, WHAT YOU'RE BUYING INTO, THAT'S THE DISTINCT, THE DISTINCTION HERE IS THAT THEY KNOW WHAT THEY'RE BUYING INTO.
THEY'RE BUYING, BUYING INTO A CONDO THAT'S NEWLY BUILT AND THAT WILL BE ASSESSED AT FULL VALUE.
SO 20 YEARS FROM NOW, LET'S SAY THIS GOES THROUGH RIGHT AWAY, 20 YEARS FROM NOW, YOU'VE GOT A BUNCH OF CON, YOU KNOW, THERE ARE CONDOS IN THE MARKET, SOME THAT USED TO BE NEWLY BUILT AND SOME THAT WERE BUILT BEFOREHAND.
THAT, AND ALL I'M ASKING IS THAT IN THE, THE ONES THAT WERE BUILT PRIOR TO THE LEGISLATION WHO ARE NOT BEING FULLY TAXED, ALL KEEP THAT EXEMPTION IN PERPETUITY AFTER THE NEXT SALE AND THE NEXT SALE AND THE NEXT SALE, CORRECT? OR IS THERE SOME KIND THAT'S NO MA'AM.
LEMME JUST, THE BILL ITSELF IS SPECIFIC IN THE DATE.
ANY CONDO THAT IS BUILT PRIOR TO NEXT JANUARY 1ST, 2013 IS TOTALLY EXEMPT FROM THIS LEGISLATION.
13, WHAT COULD I DO? WHAT COULD I DO? SO YEAH.
SO THAT IS A MARK, THAT IS A DATE THAT'S WRITTEN INTO THE BILL.
SO THAT AS LONG AS YOU SHOW THAT THE CONDO WAS BUILT PRIOR TO THAT DATE, YOU'RE EXEMPT.
SO YEAH, SO THAT ANSWERS THAT.
IT IS IN PERPETUITY, JUST QUITE SIMPLY.
AND LIKE, JUST LIKE PERFECT THE WAY FRANCIS PUT IT, THAT PEOPLE COMING INTO THESE NEW COMPLEXES, THEY KNOW WHAT THEY'RE PAYING AS THEY'RE COMING IN NEW.
IT WAS REALLY NOT, THE QUESTION WASN'T ABOUT THEM, IT WAS ABOUT GOING, GOING FORWARD.
FOR, FOR THOSE OF US WHO, OR NOT EVEN US, YOU KNOW, I SELL IT TO SOMEONE, THEY SELL IT TO SOMEONE ELSE.
AND THAT WAS JUST ONE, LIKE A CONVERSATION BECAUSE AT LEAST WE'RE REASSURING PEOPLE AND YOU KNOW, PEOPLE LOOK AT THESE LAWS AND THEY'LL BE CONFUSED.
SO RIGHT NOW, UH, IT'S VERY, VERY CLEAR WHAT WE'RE DOING.
SO IT'S WHAT, WITHOUT DISSENSION AS THEY SAY.
JUST WANNA MAKE SURE YOU HAD THAT, THAT'S DEMOCRACY.
WE APPRECIATE YOUR, THANKS ALWAYS FOR YOUR CLARITY, KNOWLEDGE, AND CLARITY.
UM, NEXT WE HAVE A FOIL APPEAL.
WE'RE GONNA CLOSE THE SPECIAL MEETING.
I'D LIKE TO CLOSE THE SPECIAL MEETING.