Narrative of Resolution:
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To authorize a transfer of money to Sunset Lake LDC to pay the 2025 pilot, annual lease, and 2025 tax bill for the Town of Liberty payment for the Care Center at Sunset Lake.
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If Resolution requires expenditure of County Funds, provide the following information:
Amount to be authorized by Resolution: $464,533.10
Are funds already budgeted? No
Specify Compliance with Procurement Procedures: N/A
RESOLUTION INTRODUCED BY THE EXECUTIVE COMMITTEE TO AUTHROIZE A TRANSFER OF MONEY TO SUNSET LAKE LDC TO PAY THE 2025 PILOT AND ANNUAL LEASE PAYMENT FOR THE CARE CENTER AT SUNSET LAKE
WHEREAS, the Town of Liberty Assessor changed the taxable status of the real property where the Care Center at Sunset Lake is located (“Subject Parcel”) from fully exempt to fully taxable; and
WHEREAS, the Subject Parcel has an address of 256 Sunset Lake Drive Liberty, NY 12754 and is designated on the Town of Liberty tax map as Section 23 Block 1 Lot 126.6; and
WHEREAS, the current owner of the Subject Parcel, Sunset Lake LDC (“LDC”), has recently received the 2025 pilot payment and the 2025 Annual Lease Payment from the County of Sullivan Industrial Development Agency. The total amount due for the 2025 is $359,920.16; and
WHEREAS, in order to ensure that the real property taxes and annual lease payment are paid by February 1, 2025 so no interest or penalties accrue it will be necessary to transfer $359,920.16 to the LDC; and
WHEREAS, the current owner of the Subject Parcel, LDC, has recently received the 2025 tax bill for the Town of Liberty that is not part of the PILOT agreement. The total amount due for 2025 is $104,612.94; and
WHEREAS, the Sullivan County Legislature (“Legislature”) has determined that the transfer of the monies to the LDC for the purpose of making timely payment of these charges is in the best interest of the County.
NOW THEREFORE BE IT RESOLVED, that the Legislature does hereby approve the transfer of the monies to the LDC as outlined above; and
BE IT FURTHER RESOLVED, that the Legislature authorizes the County Treasurer and the County Auditor to take the necessary steps to transfer the monies to the LDC as outlined above.
BE IT FURTHER RESOLVED, if the LDC is unable to make any pilot payment then the County Legislature authorizes the County to make the payment on the LDC’s behalf.