NY Pub Auth L § 1599-FFF-2 (2021)
2021 New York Laws PBA - Public Authorities Article 7 - Parking Authorities Title 16* - Jamestown Parking Authority 1599-FFF*2 - Conveyance of Property by the City to the Authority; Acquisition of Property by the City or by the Authority.

* §  1599-fff.  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 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  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 may 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 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 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 such 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,  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 04/01/1977 * NB There are 2 § 1599-fff's