§ 980. Definitions. As used in this article:

Terms Used In N.Y. General Municipal Law 980

  • District: means a business improvement district established pursuant to this article. See N.Y. General Municipal Law 980
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Legislative body: means the local legislative body empowered to adopt and amend local laws or ordinances. See N.Y. General Municipal Law 980
  • Municipality: means a city, town or village within the state of New York. See N.Y. General Municipal Law 980
  • Owner: means owner of record. See N.Y. General Municipal Law 980
  • plan: means a proposal as defined in section nine hundred eighty-a of this article. See N.Y. General Municipal Law 980
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.

(a) "Average full valuation of taxable real property" means the valuation obtained by taking the assessed valuation of taxable real property in the district as it appears upon the last completed and four preceding assessment rolls of the municipality and dividing each by the applicable state equalization rate as determined by the commissioner of taxation and finance pursuant to Article 12 of the real property tax law for each of the assessment rolls and dividing the sum of the quotients thus obtained by five.

(b) "District" means a business improvement district established pursuant to this article.

(c) "District charge" means a levy imposed on behalf of the district as provided in the district plan.

(d) "District management association" means the association established pursuant to section nine hundred eighty-m of this article.

(e) "District plan" or "plan" means a proposal as defined in section nine hundred eighty-a of this article.

(f) "Legislative body" means the local legislative body empowered to adopt and amend local laws or ordinances.

(g) "Municipality" means a city, town or village within the state of New York.

(h) "Owner" means owner of record.

(i) "Tenant" means an occupant pursuant to a lease of commercial space or a dwelling unit, other than an owner.

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