2023 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.