S T A T E   O F   N E W   Y O R K
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    S. 6904                                                  A. 9188

                      S E N A T E - A S S E M B L Y

                             March 27, 2014
                               ___________

IN SENATE -- Introduced by Sen. BRESLIN -- read twice and ordered print-
  ed, and when printed to be committed to the Committee on Local Govern-
  ment

IN ASSEMBLY -- Introduced by M. of A. McDONALD -- read once and referred
  to the Committee on Cities

AN  ACT  authorizing  the city of Troy to alienate and convey waterfront
  real property referred to as the Scolite Site

  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, is authorized to alienate and convey the waterfront real  prop-
erty  known  as  the  Scolite Site as described in section three of this
act.
  S 2. The authorization contained in section one of this act shall take
effect only upon the condition that the city of Troy dedicate an  amount
equal  to  or  greater  than the fair market value of the property being
alienated in section three of this act toward acquisition of  additional
waterfront  property  and/or capital improvements to existing waterfront
property.
  S 3. The parcel of land authorized to be  alienated  and  conveyed  by
section one of this act is more fully described as follows:
ALL  THAT  CERTAIN  TRACT PIECE OR PARCEL OF LAND situate in the city of
Troy, Rensselaer County, New York lying along the  northerly  margin  of
Madison  Street,  and  along  the easterly Pierhead-Bulkhead line of the
Hudson River, being more particularly bounded and described as follows:
BEGINNING at a point on the northerly margin of  Madison  Street,  at  a
point  where  said  northerly road margin is intersected by the division
line between the lands of the city of Troy, on the west, as conveyed  by
deed  July 13, 2001, as filed in the Rensselaer County Clerk's Office in
liber 267, page 1207 and the lands now or formerly of Troy Slag Products
Company, Inc. on the east, as conveyed by deed dated September 30, 1996,
as filed in the Rensselaer County Clerk's Office in liber 44,  page  580

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

                                                           LBD13161-02-4

S. 6904                             2                            A. 9188

and  runs thence from said point of beginning, along said northerly line
of Madison Street and  its  westerly  extension,  North  80  degrees  58
minutes  00  seconds  West, 529.87 feet to a point on the 1934 Pierhead-
Bulkhead  line  of the Hudson River; thence along said Pierhead-Bulkhead
line, North 14 degrees 25 minutes 17 seconds  East,  433.94  feet  to  a
point; thence South 80 degrees 58 minutes 00 seconds East, 68.28 feet to
the  northeast  corner  of parcel 2, as said parcel is set forth in deed
dated March 27, 1978, as filed in the Rensselaer County  Clerk's  Office
in  liber  1301, page 182; thence along the westerly line of parcel 1 as
set forth in said deed 1301, page 182, North 06 degrees  41  minutes  17
seconds East, 68.03 feet to a point in the approximate centerline of the
Postenkill  Creek; thence along the division line between the said lands
of the city of Troy on the south and the lands now or formerly  of  Troy
Slag  Products  Company, Inc. on the north, said division line being the
centerline of the Postenkill Creek, as set forth in said deed  44,  page
580,  South  80  degrees  58 minutes 00 seconds East, 423.63 feet to the
northeast corner of the lands of the city  of  Troy;  thence  continuing
along  the  division  line between the said lands of the city of Troy on
the west and the said lands of Troy Slag Products Company, Inc.  on  the
east,  South  09  degrees  02  minutes 00 seconds West, 500.00 feet to a
point on the northerly margin of Madison Street and the point  or  place
of  beginning,  being  a  parcel  containing  approximately  5.712 acres
includes portions of lands under water.
  S 4. This act shall take effect immediately.