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,k1 Local Law Filing New York State Department of State Division of Corporations, State Records and Unifonn Commercial Code One Commerce Plaza, 99 Washington Avenue Albany, NY 12231-0001 www.dos.state.ny.us/corps (Use this form to file a local law with the Secretary of State.) Text of law should be given as amended. Do not include matter being eliminated and do not use italics or underlining to indicate new matter. P I ^ Q STATERECORDS [x]County DCity DTown DVillage (Select one:) of Cortland AUG 3 1 ?D1? D,BP«tV 6. (County local law concerning adoption of Charter.) I hereby certify that the local law annexed hereto, designated as local law No of 20 of the County of State of New York, having been submitted to the electors at the General Election of November 20 , pursuant to subdivisions 5 and 7 ofsection 33 ofthe Municipal Home Rule Law, and having received the affirmative vote of a majority of the qualified electors of the cities of said county as a unit and a majority of the qualified electors of the towns of said county considered as a unit voting at said general election, became operative. (If any other authorized form of final adoption has been followed, please provide an appropriate certification.) I further certify that 1 have compared the preceding local law with the original on file in this office and that the same is a correct transcript therefrom and of the whole of such original local law, and was finally adopted in the manner indicated in paragraph J above. v y y ' IJIQJI Clertf of the county legislative body, City, Town or ^ officer designated by local legislative body (Seal) Date: (Certification to be executed by County Attorney, Corporation Counsel, Town Attorney, Village Attorney or other authorized attorney of locality.) STATEOFNEWYORK COUNTY OF Cortland 1, the undersigned, hereby certify that the foregoing local law contains the correct text and that all proper proceedings have been had or taken for the enactment of the local law annexed hereto. Signature Chief Assistant Cortland County Attorney Titie Cbunty City , Cortland ' of Town Village •ate: August 28, 2017 DOS-0239-f-l (Rev. 02/10) Page 4 of 4 ---PAGE BREAK--- ON MOTION OF RICHARD BUSHNELL RESOLUTION NO. 312-17 Local Law 5 of 2017 - Extending the Imposition ofa Mortgage Recording Tax in Cortland County WHEREAS, New York State Tax Law §253-v, as last amended by the Laws of 2015, Chapter 161 on August 13, 2015, authorizes Cortland County to adopt and amend local laws imposing a mortgage recording tax of twenty-five cents for each one hundred dollars ($100.00) and each remaining major fraction thereof of principal debt or obligation which is or under any contingency may be secured at the date of execution thereof, or at any time thereafter, by a mortgage on real property situated in Cortland County and recorded on or after the date upon which such tax takes effect; and WHEREAS, the mortgage recording tax previously authorized by Cortland Coimty Local LawNo. 3 of 2015 will expire December 1, 2017; and WHEREAS, in the current economic climate it would create a fiscal hardship for Cortland County if this source of revenue was to expire, and such loss would result in a substantial burden on County property owners through increased property^ taxes or loss of essential services; : , NOW THEREFORE, BE IT ENACTED by the Legislature of the County of Cortland, as follows: Local Law No. 3 for the year 5 is hereby amended to read as follows: Section 1 For the period beginning December 1, 2017 and ending December 1, 2019, there is hereby imposed, in the Coimty of Cortland, a tax of $0.25 for each $100.00, and each remaining fraction thereof of principal debt or obligation which is or under any contingency may be secured at the date of execution thereof, or at any time thereafter, by a mortgage on real property situated within the County of Cortland and recorded on or after December 1, 2017, and a tax of $0.25 on such mortgage if the principal debt or obligation which is or by any contingency may be secured by such mortgage is less than $100.00. Section 7 This Local Law shall take effect December 1, 2017. A certified copy of this Local Law shall be mailed to the Commissioner of Taxation and Finance at the Commissioner's Office in Albany, New York at least 30 days prior to the date this Local Law shall take effect. Certified copies of this Local Law shall be filed with the Cortland County Clerk, the Secretary of State and State Comptroller within five days after the Local Law is enacted. STATEOFNEWYORK) SS: COUNTY OF CORTLAND) ---PAGE BREAK--- This is to certify that I, the undersigned, Clerk of the Cortland County Legislature, have compared the foregoing copy with the original now on file in this office, and that the above actions were passed by the Cortland County Legislature on the 24th day of August, 2017 and that the same is a correct and true transcript of such actions taken. fN WITNESS WHEREOF I have hereunto set my hand and the official seal ofthe CORTLAND COUNTY LEGISLATURE, this 24th day bf August, 2017. EncJ.MlMail Clerk of the CortlariId County Legislature