File #: 20-227    Version: 1 Name:
Type: Resolution Status: Passed
File created: 6/16/2020 In control: Audit and Finance Committee
On agenda: Final action: 7/13/2020
Title: AUTHORIZING THE DISTRIBUTION OF MORTGAGE TAXES FOR THE PERIOD OCTOBER 1, 2019 THROUGH MARCH 31, 2020
Sponsors: Audit and Finance Committee
Attachments: 1. MGB Request for Legislative Action- Mortgage Taxes July 2020, 2. 1709 RLA Form, 3. JUNE 2020 MORTGAGE REPORT, 4. Mortgage Taxes June 2020, 5. 20-227 AF 10 - TMP 1709 Dist Mortgage Taxes

RESOLUTION NO. 227

 

AUTHORIZING THE DISTRIBUTION OF MORTGAGE TAXES FOR THE PERIOD OCTOBER 1, 2019 THROUGH MARCH 31, 2020

 

                     Introduced:  7/13/20

                     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 October 1, 2019 through March 31, 2020 shows the Albany County Division of Finance has on hand for distribution the sum of $3,693,946.39 which has been apportioned in the following manner:

 

Cities and Towns

 

City of Albany

$786,405.35

City of Cohoes

138,831.60

City of Watervliet

56,666.52

Town of Berne

22,984.10

Town of Bethlehem

552,249.89

Town of Coeymans

81,122.30

Town of Colonie

1,253,617.32

Town of Green Island

13,588.01

Town of Guilderland

433,033.99

Town of Knox

25,189.35

Town of New Scotland

139,416.63

Town of Rensselaerville

23,397.59

Town of Westerlo

32,742.54

TOTAL

$3,559,245.19

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

$13,715.83

Village of Colonie

55,665.34

Village of Menands

33,989.44

Village of Green Island

4,529.34

Village of Altamont

8,154.73

Village of Voorheesville

18,646.52

TOTAL                    

$134,701.20

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.