N.Y. Town Law Section 64-C
Payment in lieu of taxes for property acquired for park and recreational purposes

The town of Hempstead, having acquired certain property for park and recreational purposes in Lido Beach known as the Lido Golf Club and the Lido Cabana Club shall have the power and authority with respect to such property, to pay or transfer out of any town funds available to it, annual sums in lieu of taxes to the affected taxing jurisdiction, in order that none of such taxing jurisdiction shall suffer an inequitable loss of revenue by virtue of such park and recreational program; provided further, that the amount so paid or transferred for any year shall not exceed the sum last levied for the benefit of such taxing jurisdiction as an annual tax on such property prior to the time of its acquisition for such purposes. As used in this section, the term “taxing jurisdiction” means any municipal corporation or district corporation, including any school district or any special district, having the power to levy and collect taxes and benefit assessments upon real property in Lido Beach or in whose behalf such taxes or benefit assessments may be levied or collected. That the payments or transfers made pursuant to the power and authority granted herein with respect to such property shall continue notwithstanding that the legislature of the state of New York may hereinafter alter, modify or replace the current method of financing of public education and notwithstanding that a court of competent jurisdiction may hereinafter order that such method of financing public education be altered, modified or replaced. * NB Expires July 1, 2027

Source: Section 64-C — Payment in lieu of taxes for property acquired for park and recreational purposes, https://www.nysenate.gov/legislation/laws/TWN/64-C (updated Jun. 27, 2025; accessed Oct. 25, 2025).

60
Town board constituted 60–A
Removal of town justices from town board 61
Commissions abolished 62
Meetings of town board 63
Presiding officer and rules of procedure 64
General powers of town boards 64–A
Payment in lieu of taxes for property acquired for park or recreational purposes 64–B
Powers of town with respect to municipal deposits in national banks in liquidation 64–C
Payment in lieu of taxes for property acquired for park and recreational purposes 64–D
Payment in lieu of taxes for property acquired for open space purposes 64–E
Peconic Bay region community preservation funds 64–EE
Peconic Bay region septic system replacement loan program 64–F
Town of Brookhaven community preservation fund 64–G
Town of Warwick preservation funds 64–H
Town of Red Hook preservation funds 64–I
Town of Chatham preservation funds 64–I*2
Town of Fishkill preservation funds 64–J
Town of Northeast preservation funds 64–K
Peconic Bay region community housing fund 64–L
Town of Chester preservation funds 65
Actions and proceedings by and against towns 65–A
Liability of towns and town superintendents of highways in certain actions 66
Place of trial of actions and proceedings against towns 67
Presentation of claims for torts: actions against towns 68
Compromise of actions, proceedings or claims 69
Duties of town board with respect to justice courts

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N.Y. Town Law Section 64-C Payment in lieu of taxes for property acquired for park and recreational purposes

N.Y. Town Law Section 64-C
Payment in lieu of taxes for property acquired for park and recreational purposes