The purpose of this chapter is to supersede General City Law
§ 23(2)(b) so as to authorize the public or private sale
or lease of real property owned by or in the control of the City through
public or private transaction.
Any real property owned by or any franchise belonging to or under the control of the City may be sold or leased at public or private sale. If at a public sale, the provisions of §
13-5 herein defining the procedures to be followed to hold a public auction shall apply.
No sale or lease of any real property owned by the City or of
any franchise belonging to or under the control of the City of Newburgh
shall be valid or authorized unless subsequently approved by a vote
of 4/5 of all the members of the Council.
No franchise shall be granted or operated for a period of longer
than 50 years. The Council may, however, grant to the owner or lessees
of an existing franchise under which operations are being actually
carried on such additional rights or extensions in the street or streets
in which said franchise exists, upon such terms as the interests of
the City may require, with or without advertisements as the Council
may determine; provided, however, that no such grant shall be operative
unless approved by the Council and by the Mayor.
Real property owned by the City leased, sold or otherwise alienated
by public sale shall be at public auction to the highest bidder, under
proper regulations as to the giving of security and after public notice
of the time and place and terms of such sale has been published at
least once in the official newspaper of the City at least one week
prior to such sale.
As used in this chapter, the phrase "real property owned by
the City" shall not include real property acquired by the City of
Newburgh through a foreclosure of taxes in rem, pursuant to Article
11, Title 3, of the Real Property Tax Law of the State of New York.
As to such real property the provisions of said article shall apply.