Legal Opinion
Pass & Seymour, Inc. v. Town of Geddes
New York Supreme Court
Decided October 26, 1984PublishedCited by 4 opinions
1Opinion of the Court
OPINION OF THE COURT
John R. Tenney, J.
In 1979, petitioner applied to the Onondaga County Industrial Development Agency (OCIDA) for issuance of $5,000,000 in Industrial Development Revenue Bonds (IRBs). The IRBs were used to finance industrial expansion of premises owned by petitioner in the Town of Geddes. OCIDA took title to the premises, and then leased the facility back to petitioner.
Under General Municipal Law § 874 and Real Property Tax Law § 412-a, property owned by OCIDA was exempted from payment of general real property taxes but not from special assessments or special ad valorem…
2Cases cited5 opinions
- People Ex Rel. Hilton v. FahrenkopfNew York Court of Appeals · 1938
- In the Matter of PhillipsNew York Court of Appeals · 1875
- Mack v. Assessor of RamapoAppellate Division of the Supreme Court of the State of New York · 1979
- Arlen Realty & Development Corp. v. Board of AssessorsAppellate Division of the Supreme Court of the State of New York · 1980
- Baker v. Cole-Layer-Trumble Co.Appellate Division of the Supreme Court of the State of New York · 1973
3Cited by4 opinions
- Village Supermarkets, Inc. v. Township of West OrangeSupreme Court of New Jersey · 1987
- Big "V" Supermarkets, Inc. v. Assessor of Town of East GreenbushAppellate Division of the Supreme Court of the State of New York · 1985
- EFCO Products v. CullenAppellate Division of the Supreme Court of the State of New York · 1990
- Waldbaum, Inc. v. Finance AdministratorNew York Supreme Court · 1986