2023 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