RESOLUTION NO. 368
AUTHORIZING THE CONVEYANCE OF VARIOUS PARCELS OF REAL PROPERTY LOCATED IN THE CITY OF ALBANY
Introduced: 6/10/24
By Audit and Finance Committee:
WHEREAS, The County of Albany has acquired through “in rem” foreclosure title to parcels of real property located at 295 Second Street (Tax Map No. 65.56-2-55), 395 First Street (Tax Map No. 65.55-6-55), and 330 Orange Street (Tax Map No. 65.72-5-7) in the City of Albany, and
WHEREAS, James Scaringe, 41 James Drive, Albany NY, has expressed an interest in acquiring these three parcels of real property for their appraised values, $18,000, $18,000, and $21,000, respectively, and
WHEREAS, James Scaringe has stated that he plans to stabilize and rehabilitate the buildings on each of these parcels and rent them as apartments for low-income and homeless individuals, and
WHEREAS, Revisions to the County’s Real Property Disposition Plan approved by Resolution No. 29 for 2019 allow for properties to be sold to individuals or entities for economic development purposes, now, therefore, be it
RESOLVED, By the Albany County Legislature that the County Executive is authorized to execute on behalf of the County any and all documents necessary to convey parcels of real property to James Scaringe, 41 James Drive, Albany, NY 12211 as follows:
Address Tax Map No. Price
295 Second Street 65.56-2-55 $18,000
395 First Street 65.55-6-55 $18,000
330 Orange Street 65.72-5-7 $21,000
and, be it further
RESOLVED, That James Scaringe shall be responsible for all closing costs at the time(s) of closing, and, be it further
RESOLVED, That the County Attorney is authorized to approve said conveyance as to form and content, and, be it further
RESOLVED, That the Clerk of the County Legislature is directed to forward certified copies of this resolution to the appropriate County Officials.