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Senate Bill S7626

2009-2010 Legislative Session

Relates to the objects or purposes of certain bonds issued by the city of Buffalo for site improvements adjacent to All High stadium

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2009-S7626 (ACTIVE) - Details

Law Section:
Buffalo, City of

2009-S7626 (ACTIVE) - Summary

Relates to the objects or purposes of certain bonds issued by the city of Buffalo for site improvements adjacent to All High stadium.

2009-S7626 (ACTIVE) - Sponsor Memo

2009-S7626 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7626

                            I N  S E N A T E

                             April 27, 2010
                               ___________

Introduced  by Sens. STACHOWSKI, VOLKER -- read twice and ordered print-
  ed, and when printed to be committed to the Committee on Local Govern-
  ment

AN ACT to deem the objects or purposes  for  which  certain  bonds  were
  issued  by the city of Buffalo to be for site improvements adjacent to
  All High stadium in said city and authorizing the expenditure  of  the
  proceeds from such bonds for such objects or purposes

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Legislative findings. It is  hereby  found  and  determined
that:
  (a)  Pursuant  to a bond resolution dated February 7, 2006, adopted by
the Common Council of the City of Buffalo, county of Erie  (the  "Common
Council" and the "City," respectively) the City issued on April 26, 2006
bonds  in  the  aggregate principal amount of $995,196.16 to finance the
cost of land acquisition to expand the existing site for P.S. 307,  East
High  School  at  820 Northampton Street, in the City, including parcels
listed in the Exhibit A attached to such bond resolution, together  with
site acquisition and infrastructure improvements.
  (b)  The  Common  Council of the City has adopted a resolution stating
that expenditure of a portion of the proceeds from such  bonds  was  not
needed  to  finance  such  cost  of  land  acquisition  because the City
acquired certain  of  such  parcels  through  in  rem  foreclosures  and
auctions and transferred jurisdiction for school purposes to the Buffalo
City  School  District;  and  therefore  pursuant to such resolution the
Common Council has requested the enactment of special state  legislation
to  authorize  the  expenditure of a $598,000 portion of the proceeds of
such bonds for site improvements adjacent to All  High  Stadium  in  the
City  to  expand parking facilities and create a buffer zone between the
parking facilities and adjacent residences.
  S 2. Notwithstanding any other provision of law to the  contrary,  the
objects  or  purposes for which said bonds were issued are hereby deemed
to be site improvements adjacent to All High  Stadium  in  the  City  to
expand  parking  facilities and create a buffer zone between the parking

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

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