Extends the authorization for the city of New York to sell to abutting property owners real property owned by such city, consisting of tax lots that cannot be independently developed due to the size, shape, configuration and topography of such lots and the zoning regulations applicable thereto.
Impact
The bill's passage would modify existing state laws related to property sales and municipal land use in New York City. Specifically, it would allow the city to provide property that is otherwise difficult to develop to owners of adjacent parcels, potentially increasing land use efficiency and benefiting those property owners. This could facilitate new business or residential development, contributing to urban growth and revitalization efforts in underdeveloped areas.
Summary
A08426 is a legislative bill aimed at extending the authorization for the city of New York to sell real property it owns to abutting property owners. This property typically consists of tax lots that cannot be developed independently due to their size, shape, configuration, and the applicable zoning regulations. The bill seeks to amend the New York City Charter and extends the authority granted by a previous law enacted in 2010 for an additional five years, now set to expire on December 31, 2030, instead of 2025.
Contention
Notable points of contention around A08426 include debates on the implications of extended property sales by the city. Critics may voice concerns regarding the potential for lack of oversight in how these properties are used, as well as the risk of prioritizing profit over community needs. Supporters, on the other hand, argue that allowing property transfers to adjacent owners fosters localized development and can lead to beneficial urban improvements.
Same As
Extends the authorization for the city of New York to sell to abutting property owners real property owned by such city, consisting of tax lots that cannot be independently developed due to the size, shape, configuration and topography of such lots and the zoning regulations applicable thereto.
Extends the authorization for the city of New York to sell to abutting property owners real property owned by such city, consisting of tax lots that cannot be independently developed due to the size, shape, configuration and topography of such lots and the zoning regulations applicable thereto.
Provides that a town may not direct abutting property owners to maintain sidewalks which abut county highways or which are not directly accessible from such owner's property.
Relates to a rebate against real property taxes for certain owners of real property in the city of New York for the fiscal year commencing July 1, 2024.
Relates to a rebate against real property taxes for certain owners of real property in the city of New York for the fiscal year commencing July 1, 2024.
Establishes a real property tax exemption for certain property owners who reside full-time on such property in certain counties; requires that such owners occupy such property as their primary residence and are enrolled in or eligible for the STAR exemption or credit or that such owners rent to a tenant for a term of at least twelve months and such tenant occupies such property as their primary residence.
Establishes a real property tax exemption for certain property owners who reside full-time on such property in certain counties; requires that such owners occupy such property as their primary residence and are enrolled in or eligible for the STAR exemption or that such owners rent to a tenant for a term of at least twelve months and such tenant occupies such property as their primary residence.
Establishes the farm ownership succession planning program to provide farm owners with a succession planning toolkit that can be used by such farm owners who plan on selling or closing their farm.
Authorizes the city of New York to grant, convey and release to abutting upland owners certain lands now or formerly under the waters of Whale Creek otherwise known as Wyckoff Creek, which was a tributary of Newtown Creek.