NY Pub Auth L § 1570-E (2021)
2021 New York Laws PBA - Public Authorities Article 7 - Parking Authorities Title 8-A - Harrison Parking Authority 1570-E - Conveyance of Property by the Village to the Authority; Acquisition of Property by the Village or by the Authority.

§  1570-e.  Conveyance  of  property  by the village to the authority;   acquisition of property by the village  or  by  the  authority.  1.  The   village  may,  by  resolution or resolutions of the board of trustees of   the village or by instruments authorized by  such  resolutions,  convey,   with  or  without  consideration,  and upon appropriate conditions as to   outstanding village bonds appertaining thereto, to  the  authority  real   and personal property owned by the village 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  village  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  village may acquire in the name of the village by purchase or   condemnation real property in the village 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   village purposes, by purchase or condemnation in the manner provided  by   law  for  the  acquisition  of  real  property  by the village. For like   purposes, the village 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   commissioner of transportation.3. Contracts may be entered into between the village and the authority   providing for the  property  to  be  conveyed  by  the  village  to  the   authority,  the additional property to be acquired by the village and so   conveyed, the streets, roads, avenues and highways to be closed  by  the   village,  and the amounts, terms and conditions of payment to be made by   the authority. Such contracts may also contain covenants by the  village   as  to  the  road, street, avenue and highway improvements to be made by   the village. Any such contracts between the village  and  the  authority   may  be  pledged  by  the authority to secure its bonds and shall not be   modified thereafter except as provided by the terms of the  pledge.  The   board  of  trustees  of the village may authorize such contracts between   the village and the authority and no other authorization on the part  of   the  village  for  such contracts shall be necessary. Any such contracts   may be so authorized and entered into by the village and in such  manner   as  the board of trustees of the village may determine, and the payments   required  to  be  made  by  the  village  may  be  made   and   financed   notwithstanding  that  no provisions therefor shall have first been made   in  the  capital  budget  of  the  village.  All  contractual  or  other   obligations  of  the  village  incurred in carrying out the provision of   this title shall be included in and provided for by each capital  budget   of  the  village  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 village 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  village.  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  property  was  acquired  at the cost and expense of the   village, the authority  shall  have  power  to  surrender  its  use  and   occupancy thereof to the village, 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.