§ 968. Disposition of property.
(a)Notwithstanding any provision of\nany other law to the contrary, in order to further the purposes of the\nempire zones program, any real or personal property located within an\nempire zone and owned by any local governmental entity in whose\njurisdiction an empire zone is located, may be sold or leased for a term\nnot exceeding ninety-nine years to a private user, a community-based\norganization, a public benefit corporation or any other person:\nprovided, however, that each contract for such sale, and each such\nlease, shall obligate the buyer or lessee to comply with the provisions\nof this article and the empire zone development plan filed with the\ncommissioner pursuant to section nine hundred sixty-two of this article.\nSuch obligations contained
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§ 968. Disposition of property. (a) Notwithstanding any provision of\nany other law to the contrary, in order to further the purposes of the\nempire zones program, any real or personal property located within an\nempire zone and owned by any local governmental entity in whose\njurisdiction an empire zone is located, may be sold or leased for a term\nnot exceeding ninety-nine years to a private user, a community-based\norganization, a public benefit corporation or any other person:\nprovided, however, that each contract for such sale, and each such\nlease, shall obligate the buyer or lessee to comply with the provisions\nof this article and the empire zone development plan filed with the\ncommissioner pursuant to section nine hundred sixty-two of this article.\nSuch obligations contained in a contract for the sale of real property\nshall survive delivery of the deed. A breach by the buyer or lessee of a\nmaterial obligation of such contract or lease shall, in addition to any\nother remedies available to the seller or lessor under the contract,\nterminate the eligibility of the buyer or lessee for any benefits\nprovided in this article.\n (b) Any real or personal property owned by any local governmental\nentity or the state and located within an empire zone may be sold or\nleased to any person pursuant to this section without public bidding or\npublic sale; provided, however, that there is published in at least one\nnewspaper of general circulation in the municipality in which the empire\nzone is located a notice which shall include a statement of the identity\nof the proposed purchaser or lessee and a description of its proposed\nuse or re-use of the property, the price or rental to be paid by such\npurchaser or lessee, all other essential conditions of such sale or\nlease, and a statement that a public hearing upon such sale or lease\nwill be held by the seller or lessor of the property at a specified time\nand place on a date not less than ten days nor more than thirty days\nafter such publication, and provided further that such public hearing is\nheld in accordance with such notice.\n