HomeMy WebLinkAbout05-10-1978Wednesday, May 10, 1978 Pg. 1
SPECIAL MEETING
A special meeting of the Town Board was held at the Town Hall,
15 Terrace Road. The meeting was called by the Supervisor for the
purpose of allowing Mr. Walter Spencer and Mr. Morris Noss the
opportunity to present a summary of the Job Incentive Program that
has been adopted by the County of Cortland.
Present: Supervisor Stanley Nadolski
Councilman Raymond Thorpe
Councilman Ray Miller
Councilman Warren Manning
Town Assesor Robert Wells
Zoning Officer Don Fowler
Town Attorney John Gardner
®
Deputy Town Clerk, Patricia Barber
Absent: Councilman Melvin Pierce
Mr. Morris Noss, Secretary of the Cortland County Chamber of
Commerce, presented a summary of the job situation that now exists
in the Cortland area. He stated that Cortland is still feeling
the impact of the loss of the Brockway Motors Plant and that it
is imperative, at this time for Cortland to attract new industry,
to create new jobs. The job incentive program has been
implemented in an attempt to aid communities in attracting new
industry.
Mr. Walter Spencer, Cortland County Treasurer presented
a summary of the tax exemption program that has been adopted
in Cortland County.
The job incentive program has been implemented by the
State Department of Commerce for the express purpose of creating
new jobs in the State. To participate in the program, industries
must follow certain regulations.
1. An industry must make application with the Department
of Commerce for a certificate of participation in the job
incentive program. To qualify the industry must be
creating at least five new jobs.
2. An industry must offer a training program(within the
industry)for the purpose of-`traininu& existing employees
and new employees.
Upon approval of the application for participation, an
industry becomes eligible for forgiveness on State Corporate
Franchise Tax for State business income tax and providing
a local government adopts the local law #1, resolution or
ordinance being presented, an industry also becomes eligible
for an exemption on real property tax (for new construction)
for a period of ten years.
The formula arrived at by the County provides for a total of
abou&i 604 (Sixty) exemption on Real Proper y••Taxes over a --ten
® year period.
A question and answer period followed the above summaries.
Attorney, John Gardner apprised the board that if the program
should be adopted the 485-B program adopted in 1976 should be
reduced to zero 0 exemptions.
Supervisor Nadolski appointed Councilman Ray Thorpe and Councilman
Warren Manning as a committee to investigate the program more thoroughly
and :asked that the committee report back to the Town Board at the
next scheduled meeting.
The purpose of the meeting having been accomplished, upon
motion by Councilman Manning, second by Councilman Thorpe,
all voting aye, the meeting was adjourned at 8:25 P.M.
/-R spectfully SuWittd
Deputy Town Clerk