RESOLUTION NO. 371
AMENDING RESOLUTION NO. 593 FOR 2023 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
Introduced: 9/8/25
By Audit and Finance Committee:
WHEREAS, By Resolution No. 593 for 2023, this Honorable Body amended Resolution No. 188 for 2020 and authorized the conveyance of parcels of real property commonly known and described as 2A Lincoln Avenue (Tax Map No. 44.1-1-7.2), and 201 Spring Street Road (Tax Map No. 44.1-1-7.1) located in the Town of Colonie to the Advance Albany County Alliance Local Development Corporation ("Alliance"), a Local Development Corporation established pursuant to Not-For-Profit Law ? 1411 and Resolution No. 395 for 2019, and
WHEREAS, the Alliance is no longer able to move forward with the acceptance and remediation of said parcels, and
WHEREAS, the Albany County Industrial Development Agency ("IDA"), has expressed an interest in acquiring the parcels, and
WHEREAS, The IDA has indicated that the acquisition of said parcels will help support its mission of promoting employment and the development and retention of industry in Albany County, and
WHEREAS, The IDA has indicated that said conveyances shall be contingent upon a favorable finding by the New York State Department of Environmental Conservation in relation to site condition and commercial use criteria, and that upon such favorable finding the Alliance shall execute all documents necessary for the conveyance of said parcels, and
WHEREAS, Resolution No. 188 for 2020 and Resolution No. 593 for 2023 must both be amended in order to effectuate the conveyance of said parcels to the IDA, now, therefore, be it
RESOLVED, By the Albany County Legislature, that Resolution No. 188 for 2020 and Resolution 593 for 2023 are hereby amended as follows:
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