RESOLUTION NO. 188
RESCINDING RESOLUTION NO. 205 FOR 2019 AND AUTHORIZING THE CONVEYANCE OF REAL PROPERTY LOCATED AT 2A LINCOLN AVENUE (TAX MAP NO. 44.1-1-7.2) AND 201 SPRING STREET ROAD (TAX MAP NO. 44.1-1-7.1) IN THE TOWN OF COLONIE TO T ROOF INDUSTRIES LLC
Introduced: 5/11/20
By Audit and Finance Committee:
WHEREAS, the County of Albany ("County") has obtained "in rem" delinquent real property tax lien foreclosure judgments against the parcels of real property located in the Town of Colonie commonly known and described as 2A Lincoln Avenue (Tax Map No. 44.1-1-7.2), Parcel #1, and 201 Spring Street Road (Tax Map No. 44.1-1-7.1), Parcel #2, which judgments enable its Enforcing Officer to convey said parcels to the County of Albany or its assignee, and
WHEREAS, T Roof Industries LLC has expressed an interest in acquiring said parcels from the County for economic development purposes for the sum of $336,000, and
WHEREAS, T Roof Industries LLC has indicated that acquisition of said parcels will result in the economic development of these abandoned environmentally contaminated parcels which will move them into property tax revenue-generating assets and the creation of jobs, thereby fostering the type of economic development indicated in the County's Delinquent Tax Foreclosed Properties Disposition Plan adopted pursuant to Resolution No. 29 for 2019, now, therefore, be it
RESOLVED, By the Albany County Legislature that Resolution No. 205 for 2019, is hereby rescinded in its entirety, and extinguished, and of no further force or effect, and, be it further
RESOLVED, That the Albany County Legislature hereby authorizes the County Executive, upon receipt of notice from T Roof Industries LLC that it has reached an agreement with the New York State DEC for a Remedial Action Work Plan for Parcel #1 and upon confirmed receipt by the County Director of Finance of the sum of $336,000 in certified funds from T Roof Industries LLC, which is due and payable t...
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