HomeMy WebLinkAbout2% Landbank Tax - 1998
YES
NO
~
PROPOSAL FOUR, A PROPOSITlON
SOUTHOLD TOWN PROPOSIT1ON NO. 1
SHALL LOCAL LAW NO._ OF 1996, ENTITLED "A LOCAL LAW IMPOSING A 1WO PERCENT (2%) REAL ESTATE
TRANSFER TAX ON THE CONVEYANCE OF INTERESTS IN REAL PROPERTY IN THE TOWN OF SOUTHOLD,
INCLUDING THE INCORPORATED VILLAGES THEREIN, WITH THE REVENUES DERIVED FROM THIS TAX TO
BE DEPOSITED IN THE SOUTHOLD COMMUNITY PRESERVATION FUND FOR THE PURPOSE OF PRESERVING
OPEN SPACE AND HISTORIC PLACES WITHIN THE TOWN; BE APPROVED?
Props
SOld
Proposition to be placed on the ballot for the Town of Southold for the upcoming
general election to be held on November 3, 1998
'SHALL LOCAL LAW NO. _ OF 1998, ENTITLED' A LOCAL LAW
IMPOSING A TWO PERCENT (2%) REAL ESTATE TRANSFER TAX ON THE
.
CONVEYANCE OF INTERESTS IN REAL PROPERTY IN THE TOWN OF
SOUTHOLD, INCLUDING THE INCORPORATED VILLAGES THEREIN, WITH
THE REVENUES DERIVED FROM THIS TAX TO BE DEPOSITED IN THE
SOUTHOLD COMMUNITY PRESERVATION FUND FOR THE PURPOSE OF
PRESERVING OPEN SPACE AND HISTORIC PLACES WITHIN THE TOWN,'
BE APPROVED?"
STATE OF NEW YORK
SUFFOLK COUNTY
OffIce of the Town Clerk
)f the TOWN OF SOUTHOLD
This is to certify that I, Elizabeth A. Neville, Town Clerk of the Town of
Southold in the said County of Suffolk, have compared the foregoing copy
ss:
~. P'rppo.sitipo .to be"laced. on the .baUot . for. the. T.own .of Southol
or UmlJ)~ner elec;.tio"rto be J1eld on Npvember 3. 1998
e~ 2 eal te... raoster. ax. whlcn lS.sut)Jecf:Yo~..a. . . .
ID8naa ry re erenuum -
with the original now on file in this office, and that the same is a correct and
6i~eH:,nsp~~ri>fQfU~8~~~ '~~=~~gt~ ::nf~~~ao~oba~ot
d-QIJ t.iQ'I/:~III~r. a.. 1.998. I;{e:. U. Ke;ll" t:S1ate .Transter .Tax .
w icb Is sUbJect to a ID8ndatory referendum
. . . . . . . . . . . . . . . . . . . . . . . . . . . and the whole thereof.
In Witness Whereof, I have hereunto set my hand and affixed the seal of
said Town this ;ils~. day of .August, .1998. . . . . . . . '.' . . . .
:uthold, C~~:~~I~"N'.~.
(Seal)
.
J">.,
ABSTRACT OF LOCAL LAW RE: 2% REAL ESTATE TRANSFER TAX WHICH
IS SUBJECT TO MANDATORY REFERENDUM
Title:
"A LOCAL LAW IMPOSING A TWO PERCENT (2%) REAL ESTATE
TRANSFER TAX ON THE CONVEYANCE OF INTERESTS IN REAL
PROPERTY IN THE TOWN OF SOUTH OLD, INCLUDING THE
INCORPORATED VILLAGES THEREIN, WITH THE REVENUES DERIVED
FROM THIS TAX TO BE DEPOSITED IN THE SOUTH OLD COMMUNITY
PRESERVATION FUND FOR THE PURPOSE OF PRESERVING OPEN SPACE
AND HISTORIC PLACES WITHIN THE TOWN"
Purpose:
To impose and create a two percent (2%) real estate transfer tax upon the
conveyance of real property within the Town, including the incorporated village
therein, with all revenues derived from the tax to be deposited in the Southold
Community Preservation Fund for the stated purpose of the preservation of
agricultural lands, open spaces, historic places, the establishment of parks,
nature preserves or recreation area; the preservation of lands of exceptional
scenic value; the preservation of fresh and saltwater marshes or other wetlands;
the preservation of aquifer recharge areas; the preservation of undeveloped
beach lands or shorelines; the establishment of wildlife refuges for the purpose of
maintaining native animal species diversity, including the protection of habitat
essential to the recovery of rare, threatened or endangered species; the
preservation of pine barrens consisting of such biota as pitch pine, and scrub
oak; the preservation of unique or threatened ecological areas; the preservation
of rivers and riv~r areas in a natural, free-flowing condition, the preservation of
forested land; the preservation of public access to lands for public use including
stream rights and waterways; and the undertaking of any of the aforementioned
for the establishment of a greenbelt; all within the Town. Expenditure of monies
from the Community Preservation Fund shall be in accordance with the
Community Preservation Project Plan.
Effect:
Impose and create, local law, a two percent (2%) real estate transfer tax
upon the conveyance of real property within the Town, including the
incorporated village therein, the local law to be Article IV of Chapter 6
"Community Preservation Fund" of the Town Code, Article IV to be known as the
"2% REAL ESTATE TRANSFER TAX", with all revenues derived from the tax to
be deposited in the Southold Community Preservation Fund. The 2% real estate
transfer tax will take effect on March 1, 1999.
STATE OF NEW YORK
SUFFOLK COUNTY
Office of the Town Clerk
of the TOWN OF SOUTHOLD
(Seal)
This is to certify that I, Elizabeth A. Neville, Town Clerk of the Town of
Southold in the said County of Suffolk, have compared the foregoing copy
ss:
of. Abstract. of. Local .Law .Re: 2% Real.Estate. Tr:ansfer. Tax. .
.which.is subject.to mandatory .refer.endum . . . . . . . . . . .
with the original now on file in this office, and that the same is a correct and
true transcript of such original. AbstrJIct. Qf. L.ocal .Litw .R.e; .2% . . .
Real !:state. :rransfer .Tax .which.ls subject to a mandatory .
r:eferenduDl. . . . . . . . . . . . . . . . . . . . and the whole thereof.
In Witness Whereof, I have hereunto set my hand and affixed the seal of
said Town this ;ll.s~ . day of .A.ugus.t~ J998. . . . . . . . . '.' . . .
er~~lt/a.. . .
Town Clerk of the Town 0 outhold, Coun of Suffolk, N.Y.