§ 2675-f. Preliminary study of the authority. Prior to commencing any purchase, lease or transfer of any real property, in whole or part, the authority shall formulate a plan for the creation and development of the convention facility. After passage of a resolution approving such plan, it shall be submitted to the governor, comptroller, temporary president of the senate, speaker of the assembly, county executive and mayor. Such resolution shall require at least six affirmative votes of the board for passage. Any plan submitted will include, but not be limited to: a detailed accounting of expected revenues and financing; an estimate of expenditures necessary for construction and maintenance; a description of the geographic location of anticipated construction sites, with supporting information on the impact such construction would have on existing structures in the vicinity; a depiction of any and all structures anticipated for construction; an assessment of anticipated environmental impacts; a plan for inclusion of historic preservation measures to be undertaken; a structure for involvement of the community; the report of results from public hearings held, pursuant to section twenty-six hundred seventy-five-g of this title; and, a timeline for expected development.

Terms Used In N.Y. Public Authorities Law 2675-F

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.