File #: 24-368    Version: 1 Name:
Type: Resolution Status: Passed
File created: 4/22/2024 In control: Audit and Finance Committee
On agenda: Final action: 6/10/2024
Title: AUTHORIZING THE CONVEYANCE OF VARIOUS PARCELS OF REAL PROPERTY LOCATED IN THE CITY OF ALBANY
Sponsors: Audit and Finance Committee
Attachments: 1. 395 First 295 Second 330 Orange - Cover letter, 2. RLA Form 5425, 3. 2. McCoy ALbany Properties Offer - James Scaringe, 4. 3b. Property Review, 5. 4. Property Appraisals - Scaringe Properties, 6. 5. Municipal Notifications - Scaringe Properties, 7. 6. Proof of Advertising - Scaringe Properties, 8. 7. Tax Maps and other Information - Scaringe Properties, 9. 8. Tax Bills - Scaringe Properties, 10. 24-368 AF 9 - TMP 5425 - Conveyance multiple parcels Albany
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.


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