NY Pub Auth L § 1475-F (2021)
2021 New York Laws PBA - Public Authorities Article 7 - Parking Authorities Title 4 - Syracuse Parking Authority 1475-F - Conveyance of Property by the City to the Authority; Acquisition of Property by the City or by the Authority.

§  1475-f.  Conveyance  of  property  by  the  city  to the authority;   acquisition of property by the city or by the  authority.  1.  The  city   may,  by  ordinance  or  ordinances,  local  law  or  local  laws  or by   instruments authorized by such ordinance or  ordinances,  local  law  or   local  laws, convey, with or without consideration, and upon appropriate   conditions as to outstanding city bonds appertaining  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  in  the  name  of the city by purchase or   condemnation 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 purchase or condemnation 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 shall not be closed without the consent of the state  commissioner   of transportation.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, 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. 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 city common 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 common  council  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 eminent domain procedure 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, 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.