2016 New York Laws
GMU - General Municipal
Article 18-B - (General Municipal) NEW YORK STATE EMPIRE ZONES
968 - Disposition of property.

  968.  Disposition of property. (a) Notwithstanding any provision of
  any other law to the contrary, in order to further the purposes  of  the
  empire  zones  program,  any real or personal property located within an
  empire zone  and  owned  by  any  local  governmental  entity  in  whose
  jurisdiction an empire zone is located, may be sold or leased for a term
  not  exceeding  ninety-nine  years  to a private user, a community-based
  organization,  a  public  benefit  corporation  or  any  other   person:
  provided,  however,  that  each  contract  for  such sale, and each such
  lease, shall obligate the buyer or lessee to comply with the  provisions
  of  this  article  and  the  empire zone development plan filed with the
  commissioner pursuant to section nine hundred sixty-two of this article.
  Such obligations contained in a contract for the sale of  real  property
  shall survive delivery of the deed. A breach by the buyer or lessee of a
  material  obligation of such contract or lease shall, in addition to any
  other remedies available to the seller or  lessor  under  the  contract,
  terminate  the  eligibility  of  the  buyer  or  lessee for any benefits
  provided in this article.
(b) Any real or personal property  owned  by  any  local  governmental
  entity  or  the  state  and located within an empire zone may be sold or
  leased to any person pursuant to this section without public bidding  or
  public  sale; provided, however, that there is published in at least one
  newspaper of general circulation in the municipality in which the empire
  zone is located a notice which shall include a statement of the identity
  of the proposed purchaser or lessee and a description  of  its  proposed
  use  or  re-use  of the property, the price or rental to be paid by such
  purchaser or lessee, all other essential  conditions  of  such  sale  or
  lease,  and  a  statement  that a public hearing upon such sale or lease
  will be held by the seller or lessor of the property at a specified time
  and place on a date not less than ten days nor  more  than  thirty  days
  after such publication, and provided further that such public hearing is
  held in accordance with such notice.