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  Town Board     9. 0.    
Town Board- Regular
Meeting Date: 05/22/2019  

Text/Header:
TB 2 - 5/22/19
Resolution authorizing the Town Supervisor of the Town of Greenburgh to enter into a Tax Exemption Agreement with Manhattan Avenue Senior Housing Development Fund Corp., a New York not-for-profit corporation, which will hold title to the property located at 48, 50, 54, 56 and 58 Manhattan Avenue, currently owned by the Greenburgh Housing Authority, for the benefit of Manhattan Avenue Senior LLC, a for-profit entity that is a party to the Agreement, for the purpose of exempting an affordable housing project for seniors aged sixty-two (62) years and older from all local and municipal taxes (meaning all real property taxes levied by the Town of Greenburgh, the County of Westchester, the Greenburgh Central School district or any other taxing jurisdiction), other than assessments for local improvements and special district taxes, 100% of the value of the Property and Project for a period of thirty (30) years.(Held over to Town Board Meeting of June 12, 2019)

Attachments
Tax Exemption Agreement - Manhattan Avenue, LLC
Letter from GHA to Town Council
TB 2019 0522 TB-2 reso Auth Tax Exemption Agreement w-GHA Manhattan Avenue Senior LLC as Adopted by TB at 0522 meeting

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