File #: 24-369    Version: 1 Name:
Type: Resolution Status: Passed
File created: 5/23/2024 In control: County Legislature
On agenda: Final action: 6/10/2024
Title: AUTHORIZING THE DISTRIBUTION OF MORTGAGE TAXES FOR THE PERIOD OCTOBER 1, 2023 THROUGH MARCH 31, 2024
Sponsors: Audit and Finance Committee
Attachments: 1. TMP 5536 - Mortgage Taxes October 1, 2023 Thru March 31, 2024 - Back-up, 2. 24-369 AF 10 - TMP 5536 - Mortgage Taxes June 2024

RESOLUTION NO. 369

 

AUTHORIZING THE DISTRIBUTION OF MORTGAGE TAXES FOR THE PERIOD OCTOBER 1, 2023 THROUGH MARCH 31, 2024

 

Introduced:  6/10/24

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, 2023 through March 31, 2024 shows the Albany County Division of Finance has on hand for distribution the sum of $3,849,184.42 which has been apportioned in the following manner:

 

Cities and Towns

 

City of Albany

$949,832.05

City of Cohoes

148,810.93

City of Watervliet

79,484.19

Town of Berne

14,742.29

Town of Bethlehem

931,846.26

Town of Coeymans

38,134.58

Town of Colonie

1,094,828.82

Town of Green Island

7,375.58

Town of Guilderland

327,593.47

Town of Knox

17,429.92

Town of New Scotland

96,791.63

Town of Rensselaerville

19,940.00

Town of Westerlo

18,523.92

TOTAL

$3,745,333.64

 

, 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

      $6,161.28

Village of Colonie

47,775.12

Village of Menands

28,976.41

Village of Green Island

2,458.53

Village of Altamont

6,205.34

Village of Voorheesville

12,274.10

TOTAL                    

      $103,850.78

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 to 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.