NY Pub Auth L § 1550 (2021)
2021 New York Laws PBA - Public Authorities Article 7 - Parking Authorities Title 7 - Tuckahoe Parking Authority 1550 - Conveyance of Property by the Village to the Authority; Acquisition of Property by the Village or by the Authority.

* §  1550.  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 or by   instruments  authorized  by  such  resolutions,  convey, with or without   consideration, 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 may not be closed without  the  consent  of  the   state 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 convenants 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 may not be   modified thereafter except as provided by the terms of the  pledge.  The   board  of  trustees 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 may determine, and the payments required to be made by   the  village  may be made and financed notwithstanding that no provision   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  provisions  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 condemnation 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 real 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   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 Dissolved December 1977* NB There are 2 § 1550's