NY Pub Auth L § 1470-E (2021)
2021 New York Laws PBA - Public Authorities Article 7 - Parking Authorities Title 3-A - City of Rome Parking Authority 1470-E - Conveyance of Property by the City to the Authority; Acquisition of Property by the City or by the Authority.

* §  1470-e.  Conveyance  of  property  by  the city to the authority;   acquisition of property by the city or by the  authority.  1.  The  city   may,   by  resolution  or  resolutions  of  the  common  council  or  by   instruments authorized by such  resolutions,  convey,  with  or  without   consideration,  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  case of real property so conveyed, the title thereto shall   remain in the city but the authority shall have the  use  and  occupancy   thereof  for  so  long as its corporate existence shall continue. In the   case of personal property so conveyed,  the  title  shall  pass  to  the   authority.2.  The  city may acquire by purchase or condemnation real property in   the name of the city for any of the projects  or  for  the  widening  of   existing roads, streets, parkways, avenues or highways or for new roads,   streets, parkways, avenues or highways to any of the projects, or partly   for  such  purposes  and  partly for other city purposes, by purchase or   condemnation in the manner provided by law for the acquisition  of  real   property  by the city. The city may close such streets, roads, parkways,   avenues, or highways as may be necessary or convenient.3. 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, parkways, 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, parkway, avenue and highway improvements to be made by   the  city.  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 the pledge. The authority   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 authority may determine, and the   payments required to be made by  the  city  may  be  made  and  financed   notwithstanding that no provision therefor shall have first been made in   the  capital budget 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  capital  budget  of the city   thereafter made, if and to the extent that  they  may  appropriately  be   included therein.4. The authority may itself acquire real property for a project in the   name of the city at the cost and expense of the authority by purchase or   condemnation  pursuant  to  the condemnation law or pursuant to the laws   relating to the condemnation of land by the city.  The  authority  shall   have  the  use  and  occupancy  of  such  real  property  so long as its   corporate existence shall continue.5. 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 real property was acquired at the cost and expense of  the   city,  the authority shall have 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 power to   sell at public auction, lease or otherwise dispose of said real property   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 City of Rome Parking Authority ceased to exist 12/31/2000  per  §   1470-b,  and  thereafter until all liabilities have been met/discharged,   and all bonds paid/discharged