S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  9993--A
 
                           I N  A S S E M B L Y
 
                              April 29, 2022
                                ___________
 
 Introduced by M. of A. McDONALD -- read once and referred to the Commit-
   tee on Cities -- committee discharged, bill amended, ordered reprinted
   as amended and recommitted to said committee
 
 AN ACT authorizing the city of Troy to lease sub-surface park land prop-
   erty referred to as Riverfront Park
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1.  Notwithstanding any inconsistent provision of  section  20
 of  the  general  city  law, the city of Troy, acting by and through its
 city council, and upon such terms and conditions as determined  by  such
 body,  is  authorized  to  discontinue as parklands and to lease at fair
 market value for a term not to exceed thirty years, the subsurface lands
 more particularly described in section three of this act,  for  district
 geothermal  wells  and  distribution lines.   Upon the completion of the
 installation of subsurface equipment, the city of Troy shall restore the
 surface of the land for use as parkland.
   § 2. The authorization contained in section one of this act shall take
 effect only upon the condition  that  the  city  of  Troy  dedicate  the
 proceeds  of  the  lease  toward the acquisition of new parklands and/or
 capital improvements to existing park/recreational facilities.
   § 3. The sub-surface lands authorized by section one of this act to be
 discontinued as parkland and leased are described as follows:
   ALL THAT CERTAIN TRACT PIECE OR PARCEL OF LAND situate in the city  of
 Troy, Rensselaer County, New York lying between the north-western margin
 of Front Street, and 36 feet southeast of the Hudson River Seawall, east
 of  tax  parcel 101.53-1-1 and west of the Riverfront Park Band perform-
 ance area and spray park, being more particularly bounded and  described
 as follows:
   BEGINNING at a point at the south corner of Riverfront Park tax parcel
 101.45-5-1.1  at  its  intersection with the City of Troy's Front Street
 right-of way, then following these 6 courses: Northeast along the  prop-
 erty  line  between  the  City of Troy right-of-way for Front Street and
 Riverfront Park parcel 101.45-5-1.1 approximately 474 feet 9 inches to a
 point that is 42.732819 degrees north, 73.690792  degrees  west;  North-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD15489-02-2
 A. 9993--A                          2
 
 west,  perpendicular  to  said  property  line, 186 feet 1/2 inches to a
 point that is 45 feet 1/4 inch southeast of the Hudson River side of the
 seawall along this line extended; Southwest 103 feet 8 1/4 inches  to  a
 point that is 36 feet from the Hudson River side of the seawall measured
 perpendicular  to the seawall; South-southwest, parallel to, and 36 feet
 from the Hudson River side of the seawall for a distance of 420  feet  2
 1/4  inches  to  a point on the property line separating Riverfront Park
 parcel 101.45-5-1.1 and 101.53-1-1; Southeast 26 feet 2 inches along the
 property line separating Riverfront Park parcel 101.45-5-1.1 and  parcel
 101.53-1-1;  East approximately 84' 8 3/4 inches along the property line
 separating the city of Troy Right-of way for Front Street and Riverfront
 Park parcel 101.45-5-1.1 to the point of beginning.
   Containing a total of 1.47 acres more or less.
   § 4. Should the lands described in section three of this act cease  to
 be used for the purposes described in section one of this act, the lease
 shall  terminate  and  those  lands shall revert to the city of Troy for
 public park and recreational purposes. At the time  of  such  reversion,
 the  removal of the equipment shall take place and the property shall be
 returned to its previous state, consistent with  park  and  recreational
 purposes.
   §  5. In the event that the city of Troy received any funding, support
 or assistance from the federal government for the purchase,  maintenance
 or  improvement of the parklands set forth in section three of this act,
 the discontinuance and alienation of such  parkland  authorized  by  the
 provisions  of  this  act  shall  not  occur  until the city of Troy has
 complied with any federal requirements pertaining to the  alienation  or
 conversion of such park lands, including satisfying the secretary of the
 interior  that the alienation or conversion complies with all conditions
 which the secretary of  the  interior  deems  necessary  to  assure  the
 substitution of other lands shall be equivalent in fair market value and
 usefulness to the lands being alienated or converted.
   § 6. This act shall take effect immediately.