RESOLUTION NO. 381
AUTHORIZING THE CONVEYANCE OF REAL PROPERTY LOCATED AT 170 BROAD STREET (TAX MAP NO. 76.73-3-54) AND 172 BROAD STREET (TAX MAP NO. 76.73-3-55) IN THE CITY OF ALBANY
Introduced: 9/11/23
By Audit and Finance Committee:
WHEREAS, The County of Albany has acquired through in rem foreclosure title to parcels of real property located at 170 Broad Street (Tax Map No. 76.73-3-54) and 172 Broad Street (Tax Map No. 76.73-3-55) in the City of Albany, and
WHEREAS, 223 Preservation LLC, an abutting property owner to both parcels has expressed an interest in acquiring these parcels for $4,700, 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 abutting property owners, now, therefore, be it
RESOLVED, By the Albany County Legislature that the County Executive is authorized to execute on behalf of the County any documents necessary to convey property located at 170 Broad Street (Tax Map No. 76.73-3-54) and 172 Broad Street (Tax Map No. 76.73-3-55) in the City of Albany to 223 Preservation LLC, 937 River Road, Selkirk, NY 12158 for $4,700, and, be it further
RESOLVED, That 223 Preservation LLC shall be responsible for all closing costs as well as a pro-rated share of any and all property taxes owed on the property at the time 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.