2006 New York Code - Conveyance Of Property By The Village To The Authority; Acquisition Of Property By The Village Or By The Authority.

 
    §  1599-ff.  Conveyance  of  property by the village to the authority;
  acquisition of property by the village or  by  the  authority.  (a)  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.
    (b) 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.
    (c) 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 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.
    (d) 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.
    (e) 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.