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

    S. 5657                                                  A. 7702

                       2015-2016 Regular Sessions

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

                              May 22, 2015
                               ___________

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

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05435-01-5
              

S. 5657                             2                            A. 7702

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
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.