§ 6219 — Conveyance of property

New York § 6219

• Jurisdiction: New York
• Law EDN: Education
• Title 7: State and City Colleges and Institutions-cornell University
• Art. 125: City University of New York

Text

§ 6219. Conveyance of property. 1. a. The city of New York shall on\nor before January first, nineteen hundred eighty, by resolution or\nresolutions of the board of estimate of such city or by instruments\nauthorized by such resolutions, convey to the state of New York all\nright, title and interest to all real property owned by the city and\nused by such university for senior college purposes notwithstanding the\nprovisions of any general, special or local law, or code or charter.\n b. All such conveyances shall contain a provision that if such real\nproperty ceases to be used for such purpose, title to such property\nshall revert to the city of New York, provided, however, that until such\ntime as the city university delivers the notice referred to in paragraph\nc of this subdivision with respect to any parcel of such real property,\nsuch parcel shall be deemed to be used for senior college purposes\nnotwithstanding any change in character, use or occupancy consistent\nwith such purposes subsequent to the conveyance thereof pursuant to\nparagraph a of this subdivision. Notwithstanding the reverter contained\nin the foregoing sentence, on the request of the city university\nconstruction fund, the commissioner of general services of the state of\nNew York may, for the purposes of dormitory authority financing of any\nfacility conveyed by the city of New York pursuant to paragraph a of\nthis subdivision, sell, convey, lease or exchange or otherwise make\navailable to the dormitory authority, for a nominal consideration any\nsuch property, subject to the provision that if title shall be\nreconveyed to the state of New York by the dormitory authority\nsubsequent to satisfaction of indebtedness incurred by the dormitory\nauthority to finance improvements on such property, such property shall,\nsubject to paragraph c of this subdivision, again become subject to the\nprovisions of the first sentence of this paragraph. The conveyance to\nthe dormitory authority shall be free of the reverter provided for in\nthe first sentence of this paragraph.\n c. If any property which is subject to the reverter contained in the\nfirst sentence of paragraph b of this subdivision ceases to be used for\nsenior college purposes, the city university shall notify the\ncommissioner of general services of the state of New York and the\ndirector of management and budget of the city of New York in writing of\nsuch event within sixty days. Upon the giving of such notice the\nreverter contained in the first sentence of paragraph b of this\nsubdivision shall become effective and the state shall provide the city\nwith a duly executed deed in recordable form.\n d. If the city shall (i) use property so deeded to it with\nimprovements wholly paid for by the state or (ii) sell or otherwise\ndispose of property so deeded to it with improvements wholly paid for by\nthe state, then, within thirty days after the beginning of the city\nfiscal year immediately following such conveyance, the city shall pay to\nthe state an amount equal to the current appraised value of such\nimprovements in such property.\n e. The commissioner of general services of the state of New York may,\non the request of the city university construction fund for the purposes\nof dormitory authority financing of the portion of the Staten Island\nDevelopmental Center which is to be used by city university for senior\ncollege purposes exclusively, sell, convey, lease or exchange or\notherwise make available to the dormitory authority such state lands,\nsituate within the county of Richmond, the city of New York, upon such\nterms and conditions including consideration as the commissioner may fix\nand determine with the approval of the director of the budget. However,\nin the event that all or any part of such property should not be\nutilized for senior college purposes exclusively, such property will\nrevert back to the state of New York.\n 2. Real property being used on the effective date of this article or\nto be used by the city university for senior college purposes which is\nencumbered by bonds, mortgages or similar debt instruments and title to\nwhich is held by an agency of the state subject to the provision that\nsuch title shall be conveyed to the city of New York by such state\nagency when such outstanding indebtedness has been satisfied, shall upon\nbeing so conveyed to such city by such agency thereupon be re-conveyed\nby such city to the state of New York.\n 3. Notwithstanding any other provisions of law, the provisions of this\nsection shall apply to Medgar Evers college.\n