NY Pub Auth L § 1599-E-3 (2021)
2021 New York Laws PBA - Public Authorities Article 7 - Parking Authorities Title 14** - City of Niagara Falls Parking Authority 1599-E*3 - Conveyance of Property by the City to the Authority; Acquisition of Property by the City or by the Authority.

* §  1599-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,  and  upon  appropriate conditions as to outstanding city   bonds appertaining thereto, 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 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 common council may determine, and the   payments required to be made by  the  city  may  be  made  and  financed   notwithstanding  that  no provisions therefor shall have first been made   in the annual 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  annual  budget  of  the  city   thereafter  made,  if  and  to the extent that they may appropriately be   included therein.4. The authority may, subject to the approval of the common council of   the city of Niagara Falls, itself acquire real property for a project in   the name of the city at the cost and expense of the authority  by  gift,   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 property was acquired at the cost and expense of the city,   the authority shall have the 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 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.* NB Authority ceased to exist 07/01/1974* NB There are 4 § 1599-e's