It looks like the agenda was modified to include the "Open Item" from the TB meeting of 7/21 about the apprenticeship law. When I took a screen shot of the agenda on Thursday, it wasn't on there.
OPEN ITEM FROM 7/21/09
PH7A2009-1 Upon the Matter of a Proposed Local Law of Town of Irondequoit Authorizing the Use of Apprenticeship Programs as a Condition of Certain Public Works Contracts
Another item on the agenda:
8A2009- 3 Adopt a Resolution Authorizing a Bond Resolution in the Amount of $1,000,000 to Finance the Newport Road Slope Stabilization
Also interesting is the resolution to authorize a bond resolution in the amount of ONE MEEEEEEEELLION DOLLARS (say it like Dr. Evil from the Austin Powers movie.....or like Yolanda Vega, whichever you prefer.)
Ok, WHY do the residents, once again, have to subsidize some developer's project? RSM is developing Newport......because of this, the slope has to be stabilized.
Shouldn't this be covered under some C.I.P. grant, or Slope Stabilization grant?
I think the town received a $20,000 Lake Ontario Coastal Initiative (LOCI) grant back in 2006 for "preservation" of the steep slopes......so I know there are grants available for this type of work.
Isn't it enough that the residents have to subsidize Congel's development with "tax abatement programs" like PILOT and COMIDA and lower condo assessments.......now they want to stabilize the slopes, and pave Newport Road for RSM Development?!?!
AND Newport is assessed for LESS because they are condos! Even the townhouses are viewed as condos! Due to some crazy law, condos can be assessed anywhere from 40-70% LESS than residential houses are. Can you believe that?
Link to Irondequoit Condo Assessments from 1/1/2006 - 2/1/2008.
Compare that to:
Link to Irondequoit Residential Assessments from 1/1/2006 - 2/28/2009.
"New York's Real Property Law is known as the Condominium Act of 1964. The article allows condominium-style buildings to be assessed on their potential to earn rent and not on their sales price as single-family homes are assessed."
I got this from this article.
"As assessors we are stuck using the income approach instead of the sales approach," Franck said.
Franck uses an example of a 2008 sale of a single-family home and condominium to better explain how the law currently works. For example, a 3,685 square foot condo that sold for $1,315,000 is currently assessed at $453,255. On the other hand, a 3,651 square foot single-family home purchased at $575,600 is assessed at $485,200. The single-family home was assessed at 78 percent of the full market value, while the condo was assessed at a 56 percent discount due to the condo law.
Here's another article explaining the New York adopted Article 9–B of the Real Property Law (RPL), the Condominium Act.
Nice. Rich developers and tax breaks.....it seems to be a theme in Irondequoit.
Some residents had raised concerns about the road in this article from 2007:
Of course, RSM Development "did not respond to requests for comments" about the issues with Newport Road.
BECAUSE of the future development at Newport, the slope and road will have to be fixed. But YOU will be paying for it.
So, all of you residents that were concerned about the road issues - fear not - YOU are paying for the road to be fixed. Even the people who weren't concerned are paying for it.
AND you will stabilize the slopes for them too.
Aren't you all sorts of giddy over that?
Hmmmm.......elections are coming up......somebody must need some campaign cash!
Interesting......eSPECIALly INTERESTing that all these costly resolutions are coming up just before the election........isn't it?
Unions, developers, and possible "kings highway corridor" property possibilities.....oh my!
Transparent much? lol
Here is an article in MPN about the slope work (written 8/19/09) and the Town's reasons for doing it.
Just to give you another perspective on it. Link to story at MPNnow.
