Message from Green Island Mayor Ellen M. McNulty-Ryan

Welcome to Green Island, New York

Our village is unique in that it couples the benefits of a close-knit, value oriented community with the richness of industry. Our history shows that we have always been at the forefront of economic growth. Green Island was once home to locomotive and railroad manufacturing plants as well as a Ford Motor Company manufacturing plant. Even though many years have passed since they were operational, Green Island continues to be a village of economic and cultural prosperity.

Today the Green Island Power Authority owns and operates a hydroelectric power plant on the Hudson River, underscoring our commitment to social responsibility by supplying clean, environmentally friendly power. Our Village's Industrial Business Park provides many opportunities for growing businesses, making Green Island the essential location for development, while our close knit community makes Green Island the ideal location to live and raise a family.

Here at Green Island, you can find a home, a community, and a future.


Snow removal – NOT a snow emergency

Our DPW crew is working very hard to clear our streets of snow but their success depends on your cooperation. Please move your vehicle to a cleared spot when you see it so all streets can be cleared. You can also utilize the Ford parking lot. DPW will be pushing back snow all week so please cooperate and help us avoid having to declare a snow emergency and save taxpayer dollars. Parking is tight in most areas so please be considerate of your neighbors as well. And remember when shoveling your sidewalks, throwing snow back in the road is not allowed. Thank you in advance.

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Trash and recycleables pickup for Wednesday

Due to the impending weather, regular recycleables pickup for Wednesday has been cancelled. DPW crews will be out earlier than usual for trash pickup so please have your barrels to the curb this evening. Thank you in advance for your cooperation.

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Water Main Break

Due to a water main break, water is off on James Street from Swan Street to Arch Street. Repair crews are on site but it may be a few hours before service is restored. We apologize for any inconvenience and appreciate your cooperation.

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Water Main Break

The Water Dept is currently working on a water main break in the area of Bleeker & Hudson Avenue. Water will be shut off at 11am on Hudson Avenue, from Arch Street to Tibbits Avenue. Hudson Avenue is closed from Arch Street to Tibbits Avenue.

All Green Island residents may experience low water pressure and/or a slight discoloration due to the break. Please try to conserve water if possible. We will provide updates when they are available. Thank you for your cooperation.

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The Town of Green Island will be accepting tax payments for the 2018 Property Tax Bill on Friday December 29th from 9:00 am to 12:30 pm and 1:30 pm to 4:30 pm. This is the first and only day in 2017 that the Town Office can legally accept payments for the 2018 County Property Taxes, although those mailed and postmarked before December 31st may be eligible as well.

Because tax bills will not have been received via the mail yet, we ask that you access your tax bill online at and print beforehand or call ahead at 518-273-0661 to obtain the exact amount of the bill. You will need property data in order to do so.

The 2018-2019 Village and School Tax Bill payments cannot be accepted in 2017, as their respective budgets are not be formulated until later in 2018.

General Tax Information:

Green Island Town/County tax information must be obtained through the Town of Green Island at (518) 273-0661 or online at

Payment may be made at the Town of Green Island, 69 Hudson Avenue, Green Island, NY 12183, during regular business hours. Money order or checks payable to the Town of Green Island are accepted. Cash is discouraged, but accepted.

If you are mailing your payment, please send it to the Town of Green Island, P.O. Box 1517, Green Island, NY, 12183.

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*REOPENED *George Street closed at Center Court

UPDATED … George Street has been reopened

George Street at Center Court is currently blocked by a tractor trailer and it may be a while before George Street is reopened. All traffic traveling north to south on George Street will need to enter from the 787 23rd Street exit. Anyone looking to travel south to north on George Street should use Hudson Avenue. Thank you for your cooperation.

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Christmas Caroling with Cheer Intensity

Members of Cheer Intensity will be caroling on Tuesday, December 12th at 6pm. They will be starting at the Christmas tree at the Municipal Center (Water Dept) and caroling up George Street to the Green Island Senior Housing, where they will sing to the residents and anyone else who would like to hear them. People are welcome to join along with the caroling as well.

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Festival of Trees at the GIG

The Village will be holding it’s annual Festival of Trees on Saturday, December 9th at the River Park. Tree decorating starts at 2pm. There will be a community tree for our Veterans. Anyone is welcome to place an ornament on this tree, free of charge.
Santa will arrive at 5pm to light the trees, sing Christmas carols and see all the children.

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Notice is hereby given that a public hearing pursuant to Section 859-a(2) of the General Municipal Law of the State of New York (the “Act”) and Section 147(f) of the Internal Revenue Code of 1986, as amended (the “Code”) will be held by Village of Green Island Industrial Development Agency (the “Issuer”) on the 15th day of December, 2017 at 3:00 o’clock p.m., local time, in the Green Island Municipal Center located at 19 George Street in the Village of Green Island, Albany County, New York, in connection with the following matters:

Center Island North, LLC, a State of New York limited liability company (the “Company”), has submitted an application (the “Application”) to the Issuer, a copy of which Application is on file at the office of the Issuer, which Application requested that the Issuer consider undertaking a project (the “Project”) for the benefit of the Company, said Project consisting of the following: (A) the refunding, in whole or in part, of the Issuer’s Industrial Development Revenue Bonds (Rivers Edge Apartments Project), Series 2001 in the original aggregate principal amount of $15,000,000 (the “Prior Bonds”), which Prior Bonds were issued on November 16, 2001 to finance the following project (the “Existing Project”): (i) the acquisition of a leasehold interest in certain real property and improvements thereon in an approximately eleven (11) acre site in the Center Island region of the Village of Green Island, New York (the “Land”), (ii) the construction of approximately 190 residential apartment units, 100 garages and a clubhouse (the “Facilities”) on the Land and (iii) the acquisition of and installation in the Facilities of machinery, equipment and furnishings (the “Equipment”) (the Land, the Facilities and the Equipment hereinafter collectively referred to as the “Existing Project Facility”); (B) the payment of a prepayment penalty fee in connection with the refunding of the Prior Bonds; (C) the acquisition of and installation in the Existing Project Facility of machinery, equipment and furnishings (the “New Equipment”) (the Existing Project Facility and the New Equipment hereinafter collectively referred to as the “Project Facility”); (D) the financing of all or a portion of the costs of the foregoing by the issuance of taxable and/or tax-exempt revenue bonds of the Issuer in one or more issues or series in an aggregate principal amount sufficient to pay the cost of undertaking the Project, together with necessary incidental costs in connection therewith, presently estimated to equal approximately $16,000,000, but in any event not to exceed $18,000,000 (the “Obligations”); (E) the payment of a portion of the costs incidental to the issuance of the Obligations, including issuance costs of the Obligations and any reserve funds as may be necessary to secure the Obligations; (F) the granting of certain other “financial assistance” (within the meaning of Section 854(14) of the Act) with respect to the foregoing, including exemption from certain sales taxes, deed transfer taxes and mortgage recording taxes (collectively with the Obligations, the “Financial Assistance”); and (G) the lease (with an obligation to purchase) or sale of the Project Facility to the Company or such other person as may be designated by the Company and agreed upon by the Issuer.

The Issuer is considering whether (A) to undertake the Project, (B) to finance the Project by issuing, from time to time, the Obligations, (C) to use the proceeds of the Obligations to pay the cost of undertaking the Project, together with necessary incidental costs in connection therewith, and (D) to provide certain exemptions from taxation with respect to the Project, including (1) exemption from mortgage recording taxes with respect to any documents, if any, recorded by the Issuer with respect to the Project in the office of the County Clerk of Albany County, New York or elsewhere, (2) exemption from deed transfer taxes on any real estate transfers, if any, with respect to the Project and (3) exemption from sales taxes relating to the acquisition, reconstruction, renovation and installation of the Project Facility. If any portion of the Financial Assistance to be granted by the Issuer with respect to the Project is not consistent with the Issuer’s uniform tax exemption policy, the Issuer will follow the procedures for deviation from such policy set forth in Section 874(4) of the Act prior to granting such portion of the Financial Assistance.

If issuance of the Obligations is approved, interest on the Obligations will not be excludable from gross income for federal income tax purposes unless (A) pursuant to Section 147(f) of the Code and the regulations of the United States Treasury Department thereunder (the “Treasury Regulations”), the issuance of the Obligations is approved by the Mayor of the Village of Green Island, New York after the Issuer has held a public hearing on the nature and location of the Project Facility and the issuance of the Obligations; and (B) pursuant to Section 142(a)(7) of the Code, at least ninety-five percent (95%) of the net proceeds of the Obligations are used to provide a “qualified residential rental project” within the meaning of such quoted term in Section 142(d) of the Code.

If the Issuer determines to proceed with the Project and the issuance of the Obligations, (A) the Project Facility will be acquired, reconstructed, renovated and installed by the Issuer and will be leased (with an obligation to purchase) or sold by the Issuer to the Company or its designee pursuant to a project agreement (the “Agreement”) requiring that the Company or its designee make payments equal to debt service on the Obligations and make certain other payments and (B) the Obligations will be a special obligation of the Issuer payable solely out of certain of the proceeds of the Agreement and certain other assets of the Issuer pledged to the repayment of the Obligations. THE OBLIGATIONS SHALL NOT BE A DEBT OF THE STATE OF NEW YORK OR THE VILLAGE OF GREEN ISLAND, NEW YORK, AND NEITHER THE STATE OF NEW YORK NOR THE VILLAGE OF GREEN ISLAND, NEW YORK SHALL BE LIABLE THEREON.

The Issuer has determined that the Project constitutes a “Type II action”, as said quoted term is defined in the regulations issued pursuant to Article 8 of the Environmental Conservation Law (the “Regulations”), and accordingly that no environmental impact statement or any other determination or procedure is required under the Regulations regarding the potential environmental impact of the Project.

The Issuer will at said time and place hear all persons with views on the location and nature of the proposed Project, the Financial Assistance being contemplated by the Issuer in connection with the proposed Project or the proposed plan of financing the proposed Project by the issuance from time to time of the Obligations. If the Issuer determines to issue any portion of the Obligations as federally tax-exempt obligations, a transcript or summary report of the hearing will be made available to the Mayor of the Village of Green Island, New York. Approval of the issuance of the Obligations by the Village of Green Island, New York, acting through its elected Mayor, is necessary in order for the interest on the Obligations to qualify for exemption from federal income taxation.

Additional information can be obtained from, and written comments may be addressed to: Sean E. Ward, Chief Executive Officer, Village of Green Island Industrial Development Agency, 20 Clinton Street, Green Island, New York 12183; Telephone: (518) 273-2201.

Dated: November 30, 2017


BY: s/Rachel A. Perfetti

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Notice of Special Meeting of Industrial Development Agency

Please be advised that there will be a Special Meeting of the Village of Green Island Industrial Development Agency on Wednesday, November 29, 2017 at 3:00 p.m. at the Green Island Village Offices, 20 Clinton Street, Green Island, New York.

The purpose of the special meeting is in regard to consideration of a potential River’s Edge refunding of existing bonds.

The agenda will include:

a. Acceptance of IDA Application
b. Discussion of timetable, including the scheduling of a Public Hearing
c. Consideration of SEQR Resolution
d. Consideration of Preliminary Inducement Resolution

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