File #: 20-500    Version: 1 Name:
Type: Resolution Status: Passed
File created: 12/15/2020 In control: Audit and Finance Committee
On agenda: Final action: 12/21/2020
Title: AUTHORIZING THE DISTRIBUTION OF MORTGAGE TAXES FOR THE PERIOD APRIL 1, 2020 THROUGH SEPTEMBER 30, 2020
Sponsors: Audit and Finance Committee
Attachments: 1. APR to SETP Mortgge Tax, 2. 20-500 AF 6 - TMP-2169 - Mortgage Taxes December 2020

RESOLUTION NO. 500

 

AUTHORIZING THE DISTRIBUTION OF MORTGAGE TAXES FOR THE PERIOD APRIL 1, 2020 THROUGH SEPTEMBER 30, 2020

 

                     Introduced: 12/21/20

                     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 $4,541,179.35 which has been apportioned in the following manner:

 

Cities and Towns

 

City of Albany

$733,803.12

City of Cohoes

169,100.79

City of Watervliet

49,801.43

Town of Berne

32,684.87

Town of Bethlehem

668,214.84

Town of Coeymans

170,256.60

Town of Colonie

1,441,672.29

Town of Green Island

13,260.29

Town of Guilderland

820,688.42

Town of Knox

34,101.89

Town of New Scotland

172,409.85

Town of Rensselaerville

27,245.62

Town of Westerlo

33,406.59

TOTAL

$4,366,646.60

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

$29,690.53

Village of Colonie

63,770.30

Village of Menands

38,682.05

Village of Green Island

4,420.10

Village of Altamont

15,206.80

Village of Voorheesville

22,762.97

TOTAL                    

$174,532.75

 

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.