2023 New York Laws › PBA - Public Authorities › Article 7 - Parking Authorities › Title 21 - Middletown Parking Authority › 1621-F - Conveyance of Property by the City to the Authority; Acquisition of Property by the City or by the Authority.

* §  1621-f.  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,  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
  or in connection therewith and pledge  and  pay  to  the  authority,  as
  security for its bonds, notes or other liabilities, certain revenues and
  income  of  the  city  from  parking facilities owned or operated by the
  city. 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,  unless
  otherwise  provided  for  by  the authority and the city. In the case of
  personal property so conveyed, the title shall pass to the authority.
2. The city  may  acquire  by  gift,  purchase  or  condemnation  real
  property  in  the  name  of  the city for any of the projects or for the
  widening of existing roads, streets, parkways, avenues  or  highways  or
  for  new  roads,  streets,  parkways,  avenues or highways to any of the
  projects, or  partly  for  such  purposes  and  partly  for  other  city
  purposes,  by  gift,  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, parkways, 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 or pledged or paid by the city
  to the authority, the additional property to be acquired by the city and
  so conveyed, the streets, roads, parkways, 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,  parkway,  avenue  and  highway
  improvements to be made by the city and as to such matters which pertain
  to any conveyance or pledge and payment of moneys  or  property  to  the
  authority.  Any such contracts between the city and the authority may be
  pledged by the authority to secure its bonds and notes and  may  not  be
  modified thereafter except as provided by the terms of such contract and
  such 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 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
  each  capital  budget  of the city thereafter made, if and to the extent
  that they may appropriately be included therein.
4. Subject to subdivision four of section sixteen hundred twenty-one-d
  of this title, the authority may itself, subject to  prior  approval  of
  the  common  council,  acquire,  in  the name of the city, real property
  necessary or convenient in connection with any project at the  cost  and
  expense  of  the  authority  by purchase or condemnation pursuant to the
  eminent domain procedure law. 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  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 Repealed per § 1621-r (see chapter 597 of 2023 § 2 for specifics)