NY Pub Auth L § 1599-F-4 (2021)
2021 New York Laws PBA - Public Authorities Article 7 - Parking Authorities Title 14*** - City of Schenectady Parking Authority 1599-F*4 - Advances on Behalf of the Authority; Conveyance of Property by the City to the Authority; Acquisition of Property by the City or by the Authority.

* §  1599-f.  Advances  on  behalf  of  the  authority;  conveyance of   property by the city to the authority; acquisition of  property  by  the   city or by the authority.1.  In addition to any powers granted to it by law, the city from time   to time may appropriate sums of money to or on behalf of  the  authority   to  defray  project  costs  or  any  other  costs  and  expenses  of the   authority.  Subject to the rights of bondholders, the city may determine   if the moneys so appropriated shall  be  subject  to  repayment  by  the   authority  to  the city and, in such event, the manner and time or times   for such repayment.2. The city may, by resolution or resolutions of the city  council  or   by  instruments  authorized by such resolutions, convey, with or without   consideration, and upon appropriate conditions as  to  outstanding  city   bonds  appertaining thereto, to the authority real and personal property   owned by the city for use by the authority as a project or projects or a   part thereof. In the case of real and/or personal property so  conveyed,   the title shall pass to the authority.3.  The  city may acquire in the name of the city by gift, purchase or   eminant domain real property in the city for any of the projects or  for   the widening of existing roads, streets, avenues or highways, or for new   roads,  streets,  avenues or highways within a radius of one mile to any   of the projects, or partly for such purposes and partly for  other  city   purposes,  by gift, purchase or eminent domain in the manner provided by   law for the acquisition of real property by the city. For like purposes,   the city may close such streets, roads, avenues, or highways as  may  be   necessary  or  convenient, except as to state highways and arterial ways   which may not be closed without the consent of the state commissioner of   transportation.4. Contracts may be entered into between the city  and  the  authority   providing  for the property to be conveyed by the city to the authority,   the additional property to be acquired by the city and so conveyed,  the   streets,  roads,  avenues, and highways to be closed by the city and the   amounts, terms and conditions of payment to be made  by  the  authority.   Such  contracts  may  also contain covenants by the city as to the road,   street, avenue and highway improvements to be made by the city and as to   such matters  which  pertain  to  any  conveyance  of  property  to  the   authority.  Any such contracts between the city and the authority may be   pledged by the authority to secure its bonds and  may  not  be  modified   thereafter  except  as  provided  by the terms of such contract and such   pledge. The city council may authorize such contracts between  the  city   and the authority and no other authorization on the part of the city for   such  contracts  shall  be  necessary.  Any  such  contracts  may  be so   authorized and entered into by the city and in such manner as  the  city   council  may determine, and the payments required to be made by the city   may be made and financed notwithstanding  that  no  provisions  therefor   shall have first been made in the annual appropriations of the city. All   contractual  or  other  obligations of the city incurred in carrying out   the provisions of this title shall be included in and  provided  for  by   each  annual  appropriation  of  the city thereafter made, if and to the   extent that they may appropriately be included therein.5. The  authority  may  itself  acquire  real  property  necessary  or   convenient  in  connection with any project in the name of the authority   at the cost and expense of the authority by gift, purchase,  or  eminent   domain  pursuant  to the eminent domain procedure law or pursuant to the   laws relating to the acquisition of land by eminant domain by the city.6. In case the authority shall have the use and occupancy of any  real   property  which  it  shall determine is no longer required for a project   then, if such property was acquired at the cost and expense of the city,    the authority shall have the power to surrender its  use  and  occupancy   thereof  to the city, or, if such real property was acquired at the cost   and expense of the authority, then the authority shall have the power to   sell,  lease  or  otherwise  dispose  of said real property at public or   private sale, and shall retain and have the power to use the proceeds of   sale, rentals, or other moneys derived from the disposition thereof  for   its purposes.* NB Authority ceased to exist 08/05/2002* NB There are 4 § 1599-f's