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HomeMy WebLinkAboutLL-1977 #02 STATE OF NEW YOAK STATE BOARD OF EQUALIZATION AND ASSESSI~IENT MEMORANDUM August 4, 1976 TO: FROM: SUBJECT: County Directors and Assessors Thomas F. McGrath, Counsel Business Investment Exemption Section 485-b of the Real Property Tax Law which provides for a business investment exemption was added by Chapter 278 of the Laws of 1976. SUMMARY OF THE LAW Section 485-b provides for a ten year tax exemption on new construction, alterations, installations or improvements for the purpose of commercial, business or industrial activity where the cost of the addition exceeds $10,000. Excluded are costs incurred for ordinary maintenance and repairs. Also excluded are residences, apartment houses, condominiums and cooperatives used for residential purposes. The exemption applies to construction commenced after January 1, 1976 and completed after July 1, 1976. The measure of the exemption is 50 percent of the increase in assessed value due to such construction or improvement the first year, decreasing 5 percentage ~oints each year there- after for nine years. The exemption will be granted only upon application filed by the owner of the property on or before the appropriate taxable status date. (Obviously, taxes based on assessment rolls prepared on or prior to July 1, 1976 will not be affected by this law.) Whether or not the applicant is eligible for exemption under the statute is determined by the assessor. Application need not be made every year since the exemption is continued for a ten year period. However, the exemption terminates prior to the expiration of the ten year period if the real property granted the exemption ceases to be used primarily for eligible purposes. The law authorizes any county, city, town or village to adopt a local law, and school districts to adopt a reso- lution, to reduce the percent of the exemption. Each municipality may establish an industrial and commercial incentive board for the purpose of advising its governing body of the exercise of the options available. Where no action is taken by a municipality the exemption applies with respect to the taxes to be levied by or on behalf of the respective municipality. - 2 APPLICATION FOR THE EXEMPTION The owner of the addition or improvement for which exemption is sought must apply for the exemption on a form which may be obtained from the assessor, county director of real property tax services or the State Board of Equaliza- tion and Assessment. The application must be filed on or before the appropriate taxable status date (June 1 for towns in Erie, Suffolk and Westchester Counties, May 1 in all other towns; for cities and villages consult local officials). The application for exemption should be filed with the city or town assessor. If the property is located in a village a separate application should be filed with the village assessor. In Tompkins County all applications should be filed with the Tompkins County Division of Assessment. In Nassau County applications for exemption from county, town or school district taxes should be filed with the Nassau County Board of Assessors. The owner of the property must file two copies of the application with the assessor. After the assessor has determined whether or not the applicant is entitled to an exemption and has noted the same on the application form, a copy thereof must be transmitted to the State Board of Equalization and Assessment. REQUIREMENTS FOR EXEMPTION The exemption applies only to new construction, altera- tions, installations or improvements commenced subsequent to January 1, 1976 and completed after July 1, 1976. The construction, alteration, installation or improvement must be made to property used for the purpose of commercial, business or industrial activity. Such property must be used primarily for the buying, selling, storing or developing goods and services, the manufacture or assembly of goods or the processing of raw materials. The cost of the addition must exceed the sum of $10,000. An application for the exemption must be filed with the appropriate assessor. AMOUNT OF EXEMPTION The exemption applies only to new construction, altera- tions, installations or improvements. Such additions are exempt from taxation to the extent of the stated percent of the increase in assessed value of the property on which the additions are located. The assessor will ascertain the amount that the property has increased in assessed value as a result of the new addition. First, a determination should be made of the value of the property including the new addition, followed by a determination of the value of the property excluding the new addition. The stated percentage for the appropriate year of the exemption should be applied to the difference. The exemption includes charges imposed upon real property by or on behalf of a county, city, town, village or school district for municipal or school district purposes. Also included are special ad valorem levies which may be imposed for special improvement districts and services, and service charges which may be imposed for police and fire protection, street and highway construction, maintenance and lighting, sanitation and water supply. LOCAL OPTION Any county, city, tow~, village by local law, and school districts by resolution, may establish an industrial and commercial incentive board. The purposes would be twofold. First, to review the economic conditions of the municipality and make recommendations to the governing body of the municipality as to actions deemed desirable to improve the economic climate. Secondly, to advise the governing body of the exercise of the options available under the law. Where no action is taken by a municipality the exemp- tion applies with respect to the taxes to be levied by or on behalf of the respective municipality to the extent set forth in the statute. - 5 - Either upon recommendation of the industrial and com- mercial incentive board or upon its own initiative, any county, city, town or village by local law, and school districts by resolution, may act to reduce the percent of the exemption. Each county, city, town, village or school district may act independently in its own behalf. Where a municipality acts to reduce ~he percent of the exemption the amount of the exemption will be determined by the percent set forth in the local law or resolution adopted by the municipality. Such local law or resolution could also provide that no exemption be allowed. Such local law or resolution may be a/nended or rescinded in a subsequent year. A copy of the local law or resolution must be filed with the State Board. In adopting such local law reference should be made to sections 23 and 24 of the Municipal Home Rule Law and specifically to section 24 which requires that a local law which changes a provision of law relating to assessments of real property is subject to a referendum on petition. Questions relating to the administration of this statute with respect to assessment procedure may be directed to: Thomas F. McGrath, Counsel State Board of Equalization and Assessment Agency Building #4 Empire State Plaza Albany, New York 12223 - 6 MD. RIO M CUOMO STATE OF NEW YORK DEPARTMENT OF STATE 162 WASHINGTON AVENUE ALBANY, NEW YORK 12231 May 10, 1977 Robert W. Tasker, Town Attorney Town of Southold 425 Main Street Greenport, L.I., NY 11944 Dear Sir / Madam: Please be advised that Local Law(s) No. 2 of 1977 of the Town of Southold was/~ received and filed on May 9, 1977 We are enclosing additional forms for your use when filing local laws. future Very truly yours MARIO M. CUOMO Secretary of State by: James C. Aube Chief Clerk State Records and Law Bureau State Comptroller Division of Municipal Affairs G109-006 (4/77) BTATE OF NEW YORK DEPARTMENT OF AUDIT AND CONTROL ALBANY June 10, 1977 Robert W. Tasker Town Attorney Town of Southold 425 Main Street Greenport, L.I., N.Y. 11944 D~ar Sir: I hereby acknowledge receipt as of certified copy of Local Law No. of 1977 for the which copy is being filed in of May 2 Town of ~o~thml~ this office. 1977 KRP: js cc: Secretary of State Associate Attorney (Please Use this Form for Filing your Local Law with the Secretary of State) Text of law should be given as amended. Do not include matter being eliminated and do not use italics or underlining to indicate new matter. ~ Southold TowH ............ Local Law No ......................... .2. ................................ of the year 19 ..,7...7. .... repealing the exemption on veal property provided b section 485-b A local law ..................................................................... :. ......................................................... .~. ............................................. (lu~eel: title) of the Real Property Tax Law. Be it enacted by the ............................................ ,.T..9.,,W..n....B...9..a..~..d. ................................................................. of the (Nme d Legi,~la~ive ~i~ of Southold Town .............................................................................................................................................................. as follows: Section 1. Pursuant to the authority of subdivision 7 of section 485-b of the Real Property Tax Law, the partial exemption fromm taxation, special ad. valorem levies and service charges provided by such, section 485-b is hereby repealed insofar as such exemption would have been applicable to eligible real · property assessed for town purposes. §2. This local law is subject ,to a permissive referendum and shill take effect forty-five (45) days after its adoption. ~(If additional s ace is nee ' ,~ ~ ' ' ~t_,_ 5 ,~u_un/qn_al _s~ tied, please attach sheets of the same size as thts and number each)~ Page 1 (Complete the fortification ia[he paragraph which applies to the filing of this local la~ and strike out the (Final adoption by local legislative body only,~ t hereby certify that the locai law annexed hereto, designated asia,cai law No ................. of 19 .... County City of the Tow~ cf was duly passed by the ........................................................................ .................................. '~arne >f Le~is at ye Body1 or ............................ !9 .... in accordance with the applicable provisions of law. Pas,,a~e hx local legislative bod; with approval or no disapproval bx Elective Chic[ Executive Officer or ropassasc' after disapproval.) I hereby certify[hat the Iaea] law annexed hereto, desi~atedasioca! law No .................... of ~9 ........ C. ounlv City -~f the Town of ................................... was duly passed by the. ................................................................................. Nam.', of l.e_~islative Body) Villag~ not disapproved on ................................................ 19 ...... and was approved by the ....................................................... repassed after disapproval Elective Chief Executive Officer ' ami was deemed du]x, adopted on ................................................... 19 .........in accordance with the applicable pl'ovisions of law. 3. ;[:ina] adoption b~ re£erendum.~ I herebvccrti[vthat the local law annexed hereto, designated as!ace] law No ................... of 19 ......... County of the City of ...................................... was duly passed by the ...................................................................................... Wowl] (Name o{ Legislative Body) Village not disapproved on ............................................... 19... and was approved by the repassed after disapproval Elective Chief Executive Officer on ................................................................... 19 ..... Such local law was submitted to the people by reason of a mandatory · permissive rei'emadum,and received the affirrra~ive vote of a majority of the qualified electors voting general thereon at the special election held on ......................................................J~9 ......... in accordance with th~ appli- annual cable provisions of law. (Subject to permissive referendum,and final adoption because no valid petition filed Yequesting referendum.t I hereby certify that.the local law annexed hereto, designated as local law No ......... 2. ........ of 19....7.7.... g'5'2rS' of Sou[hold was duly passed by the Town Boar.c! on of the Town ...................................... ' .................. ~Name of Legislative Body) ................................................... ~aX~_~-rli~XLx_oe_xl Electi,,~ Chief ~ .... ti,-~ of~i~e~ * ........ ly[g.reh..ag ............... 19..7..7... Such local law being subject to a permissive referendum and no valid oetition reouesting such referendum having been filed, s-aid local law was deemed duly adopted on .......................... ,.M..gS5..~ .......................... 19.7(.T, in accordance with the applicable provisions of law. *Elective Chief Executive Officer means or includes the chief executive officer of a county elected on a county-wide basis or, if there be none, the chairman of the county legislative body, the mayor of a city or village or the supervisor of a town, whe~ such officer is vested with power to approve or veto local laws or ordnances. Page 2 (City local law concerning Charter re,~ision proposed by petition.) ' ~' Io~ ' r e:eto, de~t~__ared law . of i9 [ hcreDvcei'ti?, .:n: th:. aJ ~.2x,, m~:xe.:] ' ' as~oca~' ':,o.~" .................. ... of the City of ...................................................................... ~.,,~na': een submitted ro referendum pursuant to the provisions of 37 ct' tt.,,~ ,',luniciDal Ii,,i:e Rule Law,and Laving received the affirmative vote of a majority special of the qualified electors of .such city ::oting thereon at the general election held on .................................. ................ 19 ............ became operative. (County local law concerning adoption of Charter.~ I hereby certify that the local law annexed hereto, designated as Local Law No ....... of 19 ...... of the County of ......................................... State of New York, having been submitted to the Electors at the General Election of November ........... 19 ........... pursuant to subdivisions 5 and 7 of Section 33 of the Muni- cipal Home Rule Law, and having received the affirmative vote of a majority of the qualified electors of the cities of said county as a unit and of' a majority of the qualified electors of the towns of said county considered as a unit voting at said general election, became operative. (If any other authorized form of final adoption has been followed, please provide an appropriate certification.) ~ I further certify that I have compared the preceding local [aw with the original on file in this office and that the same is a correct transcript therefrom and of the whole of such original local law, and was finally adopted in the manner indicated in paragraph ............. ..4. ............ above. Date: May 6, 1977 officer designated by local legislative body Jud/~th T. Terry, Southold Town Clerk (Seal) (Certification to be executed by County Attorney, Corporation Counsel, Town Attorney, Village Attorney or other authorized Attorney of locality.) STATE OF NEW YORK COUNTY OF ...s..L.(.F....F...Q.b.K. ........................... I, the undersigned, hereby certify that the Foregoing local law contains the correct text and that all proper proceedings have been had or taken for the enactment of the local law annexed hereto. Date: May 6, 1977 Signature .............. T. qw..n.' .A.t.t 9 .r..n.e y. .............. Title ~ of ............... .s.. 9..u..t..h..P~..d. ............................. Town Page 3 LOCAL LAW - BUSI~rESS INVESTMENT TAX EXEMPTION - MARCH 22, 1977 A public hearing was held on March 22, 1977 at the Supervisor's Office, 16 South Street, Greenport, New York at 3:30 p.m. Present were: Justice Louis Demarest, Acting Supervisor Justice Martin Suter Justice Francis Doyen Councilman James H. Rich, Jr. Councilman James F. Homan Councilman Homan read the Notice of Hearing. NOTICE is hereby given that there has been presented to the Town Board of the Town of Southold on the 8th day of March, 1977, a Local Law entitled "A Local Law repealing the exemption on real property provided by section 485-b of the Real Property Tax Law". Said local law provides as follows: Section 1. Pursuant to the authority of subdivision 7 of section 485-b of the Real Property Tax Law, the partial exemption from taxation, special ad valorem leview and service charges pro- vided by such section 485-b is hereby repealed insofar as such exemption would have been applicable to eligible real property assessed for town purposes. Section 2. This local law is subject to a permissive refer- endum and shall take effect forty-five (45) days after its adoption. Copies of such Local Law are available at the office of the Town Clerk for inspection by and distribution to any interested person during business hours. NOTICE IS FURTHER GIVEN that the Town Board of the Town of Southold will hold a public hearing on the aforesaid Local Law at the office of the Supervisor, 16 South Street, Greenport, New York on the 22nd day of March 1977, at 3:30 o'clock p.m., at which time and place all interested persons will be heard. Dated: March 8, 1977 JUDITH T. TERRY, TOWN CLERK Councilman Rich: We have proof signed by the editor of the Suffolk Times that it was published in his paper. We have proof that this was published in the Long Island Traveler-Mattituck Watchman. We have proof that this was published on the Town Clerk's Bulletin Board, Town Clerk's Office, Main Road, Southold. Justice Demarest: Before I ask for any comments, I would first like to explain the law which this repeals. It is a law passed by the State Legislature which grants a 50% tax exemption for new businesses and additions to businesses of $10,000 or more. This -2- 50% tax exemption is reduced 5% each year thereafter, from 50 to 45 to 40 and so on down until there is no exemption left. The law, as the State wrote it, gives municipalities the opportunity to repeal this as far as that municipality is concerned and this is what this local law proposes. Is there anyone that would wish to speak in favor of this local law which does not grant the exemption? Andrew Goodale: I would like to say something, Fir. Demarest. I didn't have too much time to marshal my facts. I'm Andrew Goodale from New Suffolk. Some time ago, we were asked, the school boards had the option which you are now describing, mainly to state whether they were in favor of the school tax, that is the district's own tax, as being applicable to this exemption which would permit const~ction et cetera up to the $10,000 over a period of ten year's amortization. At that time, the Common School District #15 did write a letter to Mr. Martocchia putting itself on record that it was not in favor of that exemption, in other words, permitting the construction to be within the area of the jurisdiction of the school, be that as it may. Now, as I understand it, this matter is being referred from the State Legislature to the various municipalities in order for a permissive referendum and my question, of course, nuJnber one, would be would that over-ride the school boards in the event that the Southold Town went for the exemption, permitted it, and the school board did not. Is that information available? Justice Demarest: I think that the Town Board has the sole jurisdiction as to whether it's granted in the Town. I don't think that school boards have the ..... Bob, do you want to clarify that. The Town Board is the only one that has, school boards don't have any jurisdiction on this, do they? Robert Tasker, Esq.: The local law that you are talking about right now only deals with Southold Town taxes, not school taxes. Mr. Goodale: Now, we are addressing ourselves, the area is clear. The school taxes, then, would still remain, is that it, within the province of the local board to fix. Now, we are dealing, of course, with the town taxes. Is there any information as far as the County taxes is concerned, Mr. Tasker? FLr. Tasker: The statute says, let's put it this way, the statute grants the exemption. Then, another section of the statute says that any county, city, town or school district may remove the exemption. Mr. Goodale: So, then, it would be up to the County Legislators? Mr. Tasker: Right. Mr. Goodale: Now, at least in my mind, the area is clear, so supplementing that portion, of course, the letter that we had for the school itself, then, I would say, as a private citizen, that as far as it affects Southold Town, these comments might be relevant. As I understand it, there is the option to this Board to grant this exemption or not and, as I read the law, there is -3- an advisory body which has been created in order to shed some light on the various aspects of it. Now, if it is a question of exemption by Southold Tow~, I would like to point out to the Board that bringing in business is certainly to be desired and it is certainly to be encouraged. We can't fight that. The question is how much can we erode the tax, the real property tax base, in order to bring about this accommodation. Now, businesses, of course, in coming in are fully aware that if they do build, they do get some incentive to come in u~der ordinarily the Federal tax law, namely, the structure can be depreciated over a period of time, the fixtures that are put in are subject to depreciation. If they take out a mortgage, obviously, that interest is charged off against the earnings as a legitimate deductible expense and, perhaps, last but not least, there may be others that don't come to my mind immediately, any salaries that are paid to hire certain types of workers that decrease, shall we say, the welfare load, I believe that that's also, I believe they call it work incentive programs. If that's the case, then the other side of the coin is that if we erode the tax base, when I say erode the tax base, I am talking about removing from the applicable assessed valuation of the town, naturally, it's going to fall on the other property owners accordingly and, if that is the case, as I see it, and now I am looking at it from a point of view of the school board, we have before us several proposals which are now in Albany. Number one, they want to give unemployment to other than professional staff. That is going to be added to the tax basis. In other words, you have got to come up with it when you make up your tax base. There are several other proposals pending that will affect school board and I think we are all in agreement that the schools now are carrying a very high load. Be that as it may, if they secure the exemption, the taxpayer is going to eventually have to pick up the slack on these exemptions that do take place. So, I would respectfully ask the Board to consider these and to, if possible, and if the provision has been made for this advisory body, which is briefly spelled out, as I understand it, in the law, their services are available, that all aspects of this be considered before we make any decision that is going to further, shall we say, erode the tax base in Southold Town. That is the substance of my comments. Justice Demarest: Anyone else? Anyone wish to take the opposite view, that it should be granted, that we should not pass this law? William Schriever: I would like to first address myself to some of the questions that were raised earlier. That is, number one, as to how this affects the school district. The way I read this little memorandum that is put out by the State Board of Equalization and Assessment having to deal with this law. It's verbatim what Mr. Tasker read earlier and that is, it says that the exemption exists unless each of these taxing bodies repeals it. What is being discussed here now is the repeal of the town taxes which are relatively a small part of the total taxes. The school taxes are, of course, as everybody knows, the biggest part, about 60%. Now, each school district can repeal the law individually by itself, but I don't see that the schools have any interest whatever in coming -4- in to a town board meeting and being represented as far as taxes are concerned. I don't see that that has any bearing on this hearing whatsoever. They have a right to remove the taxes within their school district for their own purposes. I don't see that that has any bearing. Mr. Goodale: Correction. I spoke as a private individual. Let the record reflect that. Mr. Schriever: So, that the County taxes would be exempt unless that's repealed. The Town taxes would be exempt unless this goes through. The school taxes would be exempt unless each school district acts. That's the way I see it. It says here that this thing can be repealed or you can exempt a part. In other words, you can modify it within the constraints supplied by the State. I feel that the State has taken some action to stimulate our sagging economy and I think that, you talk about removing the tax base. This doesn't remove any tax base. No property now being taxed is being exempted under this exemption. This exemption only applies to that part of the property that is subsequently built. So, we are not removing any tax base and it could well be that the additional construction which this law might stimulate might be double what it would otherwise be, in which case, your taxes would be as much with the exemption as it would be otherwise and a great many jobs would be created. I am not so sure that a local law like this, by itself, is goLng to be able to stimulate the economy in this area but I don't see any reason to nip it in the bud. Mr. Goodale: I would ~ust like to say, again as a private citizen, if I were to take and put on an addition to my home or I were to do something, I would not benefit by this, but the construction principle would be the same. I would be buying lumber and I would be buying materials. So, as I see it, the residential construction, if it were undertaken, that would be put at a disadvantage as compared to commercial and I have nothing against commercial expansion. I am merely saying that we should do this thing from a very circumspect point of view. Justice Demarest: Is there anyone else? Thomas Jurzenia: I have a question. existing property. In other words, stores or anything? This doesn't apply to the vacant stores, burnt out Justice Demarest: No, new construction. Mr. Jurzenia: This is all new construction. Justice Demarest: New construction or additions. And I believe that addition has to be $10,000. Is there anyone else? If not, we will close the hearing and I think probably the town board may make a decision later in the afternoon. R~P~ctfully submitted, Murih~l~Brush., ;~e cre~ary NOTICE PLEASE- TAKE NOTICE that on the 22~"l~da~O~ March 1977. the Town Bo~l{d ~$f the Town of Soulhold. Suffolk County, New York enacted t~ follo~ng Local Law, to ~t: d ~e~" ~ ~Ming the ex- empt~n 'on re~' prope~y pro- vide~secA~ ~'b of the Real ~Tak Law. Be ~.~d by the T~n Board of t~¢.~own of Southold as follows:' author~' of su~n 7 of section 4~-b of thc Real Prope~y Tax Law. the partial e~ion from t~xation~' special ad ~alorem levies and service charges pro- vided by such section here6y re~ insofar as such exemptioR~o~d have been ~p- p]icable ~ e~igible real property assessed f~ town purposes. Section 2. This local law is subject Io a permissive referend- um a~ shall take effect forty-five l~5} days after its adoption. $hM Local Law is subject to a permissive referendum pursuant ~ the provisions of Section 24 the Municipal Home Rule Law. Dated: March 22, 1077 JUDITH T. TERRY TOWN CLERK COUNTY OF SUFFOLK I SS ST~,TE OF NEW YORK i Sherle>, Katz, being duly sworn, says that she is an Editor, of THE LONG ISLAND TRAVELER-WATCHMAN, a public newspaper pnnted at Southold, in Suffolk County,' ~nd thct the notice of which the annexed is a printed copy, has been published in said Long Island Traveler-Watch- man once each week far ......... J ............................. weeks of ................... , / ~ / :~-- 5worn to before me this ....... / .............. day or .................... 19...1..L. Not ar.v Public ETHEL PALLADINa NOTARY PUBLIC. Slate of New ~'o~r. Nn ~'2 462Zc53 NOTICE PLEASE TAKE NOTICE that on the 22nd day of Marek1977, the Town Beard of the Town of Southold, Suffolk County, New York enacted the following Local Law, to wit: Local Law No_ ~21eTt'/' A Local Law rel~ali~ the exemption o~ real property provided by.~4~b of the Be it ~ by h~ Town Beard of t~ ~own of ~o~thold as follows: Section 1- Pu~uant~a.o the authority ti subdivisi~ 7 of section 4~4-~b ~ the Real lg~'operty Tax Law~:~e partial exemption from t~. spe..~al ad v a I or em"~a nd.~_~ e r vice charges prO~ such section ~5-b i~ her~-~mled insofar as such exe~n w~uld have been appli~ble t~ eligible real property as~ ~."Tt~,r town Section 2. ~ ~ 1 subject to a permissive referendum and shall t~ke effect forty-five (4.5) days after its adoption. Said Local Law is subject to a permissive referendum pursum~t to the previsions of Section 24 of the Municipal Home Rule Law. Dated: March 22, 1977 JUDITH T. TERRY TOWN CLERK ITM31~2660 COUNTY OF SUFFOLR0 STATE OF NEW YORK, ~ ss: J St:uart: C, Dot-man ...................................... being duly Sworn, says that ....... is Printer and Publisher of the SUFFOLK WEEKLY TIMES, a newspaper published at Greenport, in said county: and that the notice, of which the annexed is u printed copy, has been published in the said Suffolk Weekly Times alice in each week, for . o.n.e., .[.~..) ................. weeks successively commencin~ on the Mar'c .~_: 19 77 of .... ...... Sworn to befOre me this ........... day of .................. 19 ..... NOTICE OF PUBLIC HEARING ON LOCAL LAW NOTICE is hereby given that there has been pre~ented to the Town l~oard of the Town of Southold on the 8th day of March, 1977, a LocaJ Law entitled "A Local Law repealing the exemption on real property follows: Section 1. Pursuant to the sec tion ~~ll~oper ty Tax La~,.-.~ ~p~iao~ valorem :~m~..~m~., ! charg~ ion ~n app~ W .~b~ ~1 property"asZes~r town subject '~ ~ ~'permissive forty-five' (~) days a~er i~ adopti~. Copi~ ~ such ~ ~w a~ available at the office ef the To~ Clerk for imp~on by and dis~bution to any in~t~ ~on d~ing b~in~ NOTIC~ IS FURTHER G~N t~t the Town B~ of · e To~ ~ ~uthold will hold a pubic h~ on the afor~id ~al ~w at ~e office of [he Supervisor, 16 South Street, G~n~rt, New Y~k on the ~nd day of Ma~h 1~, at 3:~ o'cl~k P.M., at which time ~d p~ce all inte~ pe~o~ will ha h~rd. Dated: March 8, 1~7 J~ITH T. ~RRY ~WN C~RK ITM17-~ COUNTY OF SUFFOLK. STATE OF NEW YORK. ~ ss: S~'ua~'~: C. Dorraan ...................................... being ~uly Sworn, s~s that ... ~. is P~in[er an~ Publisher of ~e SUFFOLK WEEKLY TIMES. a uews~per pub~sh~ ~ Gr~n~rt, in s~d county~ and ~ut ~e noti~, of which ~e ~e~ is u print~ ~py. has ~en published in the ~d Suf~lk Week~ Times once in e~ca w~k. for o~ (~) w~ks zuc~ssiv~ly commencin9 on ~e .... ~.~Y~P~ ....... d~ of ............... NOTICE OF PUBLIC HEARING ON LOCAL LAW NOTICE is hereby given that there has been presented to the Town Board of the Town of Southold on the 8th day of March 1977, n Local Law entitled "A Local Law repealing the exemp- tion on real property provided by section 485-b of the:Real Property Tax Law". Said Local La~' provides as follows: Sectio~ ' 1. Pursuant to the authority of subdivision 7 of section 4~,-b of the Real Property Tax Law. the partial exemption from taxation, special ad valorom levies and service charges pro- vided by sueh section 41LS-b is hereby repealed insofar as such exemption would have been ap- plicable to eligible ~eel property assessed (~' town purposes. Section 2. This local law is subject to a permissive refer- endum and ~hall take effect forty-five (45) days after its adoption. Copies of such Local Law are available at the office of the Town Clerk for inspection by and distri- bution to any interested person during business hours. NOT[CE IS FURTHER GIVEN that the Town B~ar~ o~ the Town of Southold will hold a public hearing on the aforesaid L~cal Law at the office of the Super- visor, 1§ Soutl~ Street, Greenport, New York on the 22nd day of March 1977, at 3:30 o'clock P.M.. at which time and place all ihterested persons will be heard, JUDITH T, TERRY TOWN CLERK IT-3/17 COUNTY OF SUFFOLK J STATE OF NI:-W YORKj' ss: Sherley Kotz, being duly sworn, soys that she is an Editor, of THE LONG ISLAND TRAVELER-WATCHMAN, a public newspaper printed at Southold, in Suffolk County; and that the notice of which the annexed is a printed copy, has been published in said Long Island Traveler-Watch- man once each week for ....... j ................................ weeks successively, commencing on the .-.d.J ................................ day af .2/.1~:-..-...:~. ...................... , 19../../.'... ../L ...... /L-' ' (?. Sworn to before me this ..../..~ .............. day of ..... ............ , ETHEL PA/LAD[NO NOTARy PiJBL~C £tar~ ~[ New Yo~