File #: 22-541    Version: 1 Name:
Type: Resolution Status: Passed
File created: 12/1/2022 In control: Audit and Finance Committee
On agenda: Final action: 12/5/2022
Title: AUTHORIZING THE DISTRIBUTION OF MORTGAGE TAXES FOR THE PERIOD APRIL 1, 2022 THROUGH SEPTEMBER 30, 2022
Sponsors: Audit and Finance Committee
Attachments: 1. Mortgage Tax report, 2. 22-541 - mortgage taxes December 2022, 3. 22-541 RULE 11 - Mortgage Recording Tax December 2022

RESOLUTION NO. 541

 

AUTHORIZING THE DISTRIBUTION OF MORTGAGE TAXES FOR THE PERIOD APRIL 1, 2022 THROUGH SEPTEMBER 30, 2022

 

                     Introduced:  12/5/22

                     By Audit and Finance Committee:

 

                     WHEREAS, The joint report of the Albany County Division of Finance and the County Clerk of Albany County showing the collection of mortgage taxes for the period of April 1, 2022 through September 30, 2022 shows the Albany County Division of Finance has on hand for distribution the sum of $5,495,301.00 which has been apportioned in the following manner:

 

Cities and Towns

 

City of Albany

$1,295,415.80

City of Cohoes

381,394.76

City of Watervliet

119,808.35

Town of Berne

21,561.19

Town of Bethlehem

736,282.55

Town of Coeymans

56,656.78

Town of Colonie

1,783,975.98

Town of Green Island

14,473.24

Town of Guilderland

665,235.71

Town of Knox

40,097.42

Town of New Scotland

142,657.40

Town of Rensselaerville

18,104.13

Town of Westerlo

48,873.88

TOTAL

$5,324,537.19

and

 

                     WHEREAS, Said report for the same period shows apportionment to the Towns of Coeymans, Colonie, Green Island, Guilderland and New Scotland, which pursuant to law, is required to be apportioned as between the said towns and villages therein, and the said officers have apportioned the same in the following manner:

 

Villages

 

Village of Ravena

$   9,566.77

Village of Colonie

78,303.94

Village of Menands

47,404.74

Village of Green Island

4,824.41

Village of Altamont

12,451.15

Village of Voorheesville

18,212.80

TOTAL                    

$   170,763.81

now, therefore be it

 

                     RESOLVED, By the County Legislature of the County of Albany, that the Clerk of the County Legislature is directed to draw a warrant requiring the Director of Finance to pay to the City Treasurer of each of the cities named the amounts apportioned thereto, and to the Supervisors of the several towns, the amount due said towns, and to the Village Treasurers of said villages, the amounts apportioned thereto, and, be it further

 

                     RESOLVED, That the Clerk of the County Legislature is directed to forward certified copies of this resolution to the appropriate County Officials.