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Council adopts multiunit property tax exemption ordinance after heated debate and mayoral tie-break
Summary
After extensive debate over benefit thresholds and a proposed exclusion for the historic downtown, Albany City Council adopted an ordinance creating a multiunit property tax exemption (MUPTI) program and a companion resolution establishing program guidelines. Several proposed amendments failed; the ordinance and guidelines passed after tie votes,
Albany City Council voted Nov. 5 to adopt an ordinance establishing a multiunit property tax exemption (MUPTI) program (amending Albany Municipal Code Title 3 to create chapter 3.1) and later approved a resolution that provides the program—s guidelines. The decisions followed extended discussion over public-benefit requirements, in-lieu fees, and whether to exclude the Historic Central Business District from eligibility.
Council debate focused on how much public benefit the city should require in exchange for a seven- or 10-year property tax exemption. Councilor McLeod said she supports the program—s goals but urged higher public-benefit thresholds and a larger in-lieu fee. Councilor Thompson proposed an amendment to exclude the Historic Central…
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