REQUEST FOR LEGISLATIVE ACTION
Description (e.g., Contract Authorization for Information Services):
title
ADOPTING AN UPDATED DISPOSITION PLAN BY ALBANY COUNTY FOR REAL PROPERTY ACQUIRED THROUGH THE 'IN REM' DELINQUENT TAX FORECLOSURE PROCESS
body
Date: March 5, 2025
Department: Management and Budget
Attending Meeting: Jeff Neal, Finance
Submitted By: Jeffrey J. P. Neal
Title: Director of Finance
Phone: 518-447-4912
Purpose of Request: Amending prior Legislation Resolution 29 of 2019
CONTRACT TERMS/CONDITIONS:
Party Names and Addresses:
Enter text.
Term: (Start/end date or duration) N/A
Amount/Raise Schedule/Fee: N/A
BUDGET INFORMATION:
Is there a Fiscal Impact: Yes ? No ?
Anticipated in Budget: Yes ? No ?
Spreadsheet attached: Yes ? No ?
Source of Funding - (Percentages)
Federal: Enter text. County: N/A
State: Enter text. Local: N/A
County Budget Accounts:
Revenue Account and Line: Enter text.
Revenue Amount:
Appropriation Account and Line: Enter text.
Appropriation Amount: Enter text.
ADDITIONAL INFORMATION:
Mandated Program/Service: Yes ? No ?
If Mandated, Cite Authority: NYS RPTL, Article 11, as amended
Request for Bids / Proposals:
Competitive Bidding Exempt: Yes ? No ?
# of Response(s): Enter text.
# of MWBE: Enter text.
# of Veteran Business: Enter text.
Bond Resolution No.: Enter text.
Apprenticeship Program Yes ? No ?
Previous requests for Identical or Similar Action:
Resolution/Law Number and Date: Resolution 29 of 2019
DESCRIPTION OF REQUEST: (state briefly why legislative action is requested)
In Response to the 2023 US Supreme Court decision in Tyler v Hennepin County, NYS amended the NYS RPTL Article 11 Proceedings in April 2024 to require distribution of "surplus proceeds" from the conveyance of tax foreclosed properties.
The Department of Law and the Department of Management and Budget drafted language to comply with the new requirements, while retaining...
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