New York Agreements For Compensation To Be Awarded For The Removal Of Structures From Premises Being Acquired.
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§ 5-318 Agreements for compensation to be awarded for the removal of
structures from premises being acquired. a. The mayor, prior to the
purchase of the premises being acquired, upon which buildings or parts
of buildings or other structures are erected, or prior to the signing of
the final decree of the court, may agree with the owner or owners
thereof, or any person having a beneficial interest therein, in case
title thereto has not vested in the city:
1. As to the cost and compensation to be allowed and paid to them to
remove such buildings or parts of buildings or other structures, and
2. That such sum or sums shall be the compensation to be awarded by
the court, or allowed for the damage done such buildings or parts of
buildings or other structures by virtue of such proceeding.
Such agreement may also be made as a condition of the sale by the
city, at private sale, of its interest in such buildings or parts of
buildings or other structures, after vesting of title thereto, to the
owner or owners of the award or awards therefor or other persons having
an interest therein.
b. Such buildings or parts of buildings or other structures shall not,
in any case, be relocated or re-erected within the lines of any proposed
street or other public improvement. The mayor shall prescribe such
conditions in the terms of sale, which, if broken, shall entitle the
city to a resale of such property and which shall revest title thereto
in the city.
c. The court shall accept such agreed amounts of compensation for the
removal of buildings or parts of buildings or other structures as the
amounts to be awarded as such compensation and include the same in the
tentative and final decrees.