Bill Text: NY S08485 | 2019-2020 | General Assembly | Introduced

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Bill Title: Authorizes the commissioner of general services to sell 1024 Fulton Street, Brooklyn, New York to TCH Holdings, LLC.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2020-10-07 - SIGNED CHAP.248 [S08485 Detail]

Download: New_York-2019-S08485-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          8485

                    IN SENATE

                                      June 5, 2020
                                       ___________

        Introduced  by  Sen.  MONTGOMERY  -- read twice and ordered printed, and
          when printed to be committed to the Committee on Rules

        AN ACT authorizing the commissioner of general services to sell  certain
          land  to  TCH  Holdings,  LLC;  and  providing  for the repeal of such
          provisions upon expiration thereof

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  The  commissioner  of  general services is authorized and
     2  empowered to convey state property, as further described in this act and
     3  commonly referred to as 1024  Fulton  Street,  Brooklyn,  New  York  and
     4  convey  for  fair market value to TCH Holdings, LLC, upon such terms and
     5  conditions as he or she may fix and  determine,  all  of  the  property,
     6  right, title and interest of the people of the state of New York.
     7    §  2. The lands authorized by this act to be conveyed are more partic-
     8  ularly described as follows: All that certain plot, piece or  parcel  of
     9  land,  with  the  buildings  and  improvements thereon erected, situate,
    10  lying and being in the city of New York, borough of Brooklyn  and  state
    11  of  New  York, designated as block 2015, lot 28 on a tax map of the city
    12  of New York, also known as 1024 Fulton Street.
    13    § 3. The description in section two of this act of  the  lands  to  be
    14  conveyed is not intended to be a legal description, but is intended only
    15  to identify the premises to be conveyed. As a condition of purchase, TCH
    16  Holdings,  LLC  shall submit to the commissioner of general services for
    17  his or her approval an accurate survey  and  description  of  the  lands
    18  generally described in section two of this act, which may be used in the
    19  conveyance thereof.
    20    §  4.  The  commissioner  of general services shall not grant the land
    21  described in section two of this act unless application is made therefor
    22  by TCH Holdings, LLC within one year after the effective  date  of  this
    23  act.
    24    §  5.  This  act shall take effect immediately and shall expire and be
    25  deemed repealed two years after such date.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13465-01-9