Bill Text: NY A04452 | 2015-2016 | General Assembly | Introduced

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Bill Title: Relates to the town of Islip industrial development agency; authorizes power to acquire, construct, renovate, own, maintain and lease or sell interests in certain property.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2016-01-06 - referred to local governments [A04452 Detail]

Download: New_York-2015-A04452-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         4452
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 2, 2015
                                      ___________
       Introduced  by M. of A. RAMOS -- read once and referred to the Committee
         on Local Governments
       AN ACT to amend the general municipal law, in relation to  the  town  of
         Islip industrial development agency
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. The opening paragraph  of  section  898-b  of  the  general
    2  municipal  law  is  designated  subdivision 1 and a new subdivision 2 is
    3  added to read as follows:
    4    2. IN ADDITION TO THE POWERS AND DUTIES NOW OR HEREAFTER CONFERRED  BY
    5  TITLE  ONE  OF  THIS  ARTICLE,  THE  AGENCY  SHALL HAVE THE POWER (I) TO
    6  ACQUIRE, CONSTRUCT, RENOVATE, OWN, MAINTAIN, AND  LEASE  OR  SELL  TO  A
    7  PRIVATE  BUSINESS CORPORATION OR PRIVATE BUSINESS ENTITY ANY INTEREST IN
    8  ANY PROJECT WHERE FACILITIES OR PROPERTY  THAT  ARE  PRIMARILY  USED  IN
    9  MAKING  RETAIL  SALES  TO CUSTOMERS WHO VISIT SUCH FACILITIES CONSTITUTE
   10  MORE THAN ONE-THIRD OF THE TOTAL PROJECT COSTS LOCATED IN  THE  TOWN  OF
   11  ISLIP,  INCLUDING,  EASEMENTS  AND  RIGHT  OF WAYS AND ALL NECESSARY AND
   12  RELATED EQUIPMENT CONVENIENT FOR THE OPERATION OF  SUCH  PROJECT,  WHERE
   13  SUCH  PROJECTS  ARE TO BE LOCATED ON LAND OWNED OR FORMERLY OWNED BY THE
   14  TOWN OF ISLIP AND THE PROJECT APPLICANT OR PROJECT  DEVELOPER  HAS  BEEN
   15  SELECTED  BY  THE  TOWN OF ISLIP PURSUANT TO A COMPETITIVELY BID REQUEST
   16  FOR PROPOSALS AND SUCH PROJECT APPLICANT OR PROJECT DEVELOPER HAS AGREED
   17  ON BEHALF OF THE TOWN OF ISLIP TO COMPLETE AN ENVIRONMENTAL  CLEANUP  OF
   18  THE  SITE  AND  THE  TOWN  BOARD  OF  THE TOWN OF ISLIP HAS APPROVED ALL
   19  ECONOMIC ASSISTANCE TO BE GRANTED BY THE AGENCY TO THE PROJECT APPLICANT
   20  OR PROJECT DEVELOPER AND ANY SUBLEASES OF THE PROJECT, (II)  TO  FINANCE
   21  SUCH  FACILITIES  THROUGH  THE  ISSUANCE  OF ITS BONDS AND NOTES AND THE
   22  GRANTING OF FINANCIAL ASSISTANCE, WHEN IN THE JUDGMENT  OF  THE  AGENCY,
   23  SUCH  FACILITIES WILL SERVE TO PROMOTE, DEVELOP, ENCOURAGE AND ASSIST IN
   24  THE ACQUIRING,  CONSTRUCTING,  RECONSTRUCTING,  IMPROVING,  MAINTAINING,
   25  EQUIPPING  AND  FURNISHING  OF  INDUSTRIAL,  MANUFACTURING, WAREHOUSING,
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD07389-01-5
       A. 4452                             2
    1  COMMERCIAL,  RETAIL  AND  RESEARCH   FACILITIES   INCLUDING   INDUSTRIAL
    2  POLLUTION  CONTROL FACILITIES AND THEREBY ADVANCE THE JOB OPPORTUNITIES,
    3  HEALTH, GENERAL PROSPERITY AND ECONOMIC WELFARE OF  THE  PEOPLE  OF  THE
    4  STATE AND IMPROVE THEIR PROSPERITY AND STANDARD OF LIVING.
    5    S 2. This act shall take effect immediately.