File #: 21-161    Version: 1 Name:
Type: Resolution Status: Passed
File created: 4/5/2021 In control: Audit and Finance Committee
On agenda: Final action: 5/10/2021
Title: CONDITIONALLY AUTHORIZING THE CONVEYANCE OF REAL PROPERTY LOCATED AT 50 RAILROAD AVENUE IN THE TOWN OF COLONIE (TAX MAP NO. 53.05-4-24) AND 54 RAILROAD AVENUE (TAX MAP NO. 53.05-1-15) IN THE TOWN OF GUILDERLAND TO STORE AWAY WAREHOUSING AT GUILDERLAND, LLC
Sponsors: Audit and Finance Committee
Attachments: 1. 1. DMB Letterhead DRCW-Store Away at Railroad Ave LLC, 2. 2421 RLA Form, 3. 1a. Proposed Resolution 3-27-21 (1), 4. 2. Railroad Ave Offer Letter (1), 5. 3. Certified Articles of Organization and Filing Receipt (Store Away Warehousing at Guilderland, LLC), 6. 3.a Purchaser Review - Railroad Ave Properties, 7. 4. Property Fact Sheet, 8. 6. 50 Railroad Ave - Muin Notification (1), 9. 7. 54 Railroad Ave - Muni Notification (1), 10. 8. Advertising Proof, 11. 7a. Tax Map 50 and 54 Railroad Ave, 12. 9. TAX BILL - 50 RAILROAD AVE, 13. 9a. TAX BILL - 54 RAILROAD AVE, 14. Res#188 of 2020, 15. 21-161 AF 11 - TMP 2421 - Conditional sale brownfields
RESOLUTION NO. 161
CONDITIONALLY AUTHORIZING THE CONVEYANCE OF REAL PROPERTY LOCATED AT 50 RAILROAD AVENUE IN THE TOWN OF COLONIE (TAX MAP NO. 53.05-4-24) AND 54 RAILROAD AVENUE (TAX MAP NO. 53.05-1-15) IN THE TOWN OF GUILDERLAND TO STORE AWAY WAREHOUSING AT GUILDERLAND, LLC
Introduced: 5/10/21
By Audit and Finance Committee:
WHEREAS, The County of Albany ("County") has obtained "in rem" delinquent real property tax lien foreclosure judgments against both the parcel of real property commonly known and described as 50 Railroad Avenue (Tax Map No. 53.05-4-24) located in the Town of Colonie and the parcel of real property commonly known and described as 54 Railroad Avenue (Tax Map No. 53.05-1-15) located in the Town of Guilderland, which judgments enable the County's Enforcing Officer to convey title to said parcels to the County or its assignee, and
WHEREAS, Said parcels are distressed environmentally contaminated "Brownfield" sites, which have been partially remediated by New York State Department of Environmental Conservation ("NYSDEC"), and
WHEREAS, Store Away Warehousing at Guilderland, LLC ("Store Away") has expressed an interest in working with NYSDEC towards acquiring title to said parcels from the County as its assignee for the sum of $100,000 for economic redevelopment purposes to build warehouses on them, and
WHEREAS, Store Away has indicated that its acquisition and redevelopment of said parcels will result in returning them to being real property tax revenue generating assets and create jobs in furtherance of the expressed intent of the County's Delinquent Tax Foreclosed Properties Disposition Plan adopted by this Honorable Body pursuant to Resolution No. 29 for 2019, now, therefore, be it

RESOLVED, That within 180 days of Store Away having obtained certified Legislative approval from this Honorable Body for the conveyance of said parcels to it: (1) Store Away shall negotiate a liability release ("Release") regardin...

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