[HISTORY: Adopted by the Town Board of the Town of New Windsor as indicated in article histories. Amendments noted where applicable.]
[Adopted 12-5-2018 by L.L. No. 6-2018]
The title of this article is "A Local Law authorizing the Town of New Windsor to hold Purchase Money Mortgages in Connection with the Sale of Town Land."
In order to give the Town of New Windsor greater flexibility and increase its negotiating leverage to obtain higher prices for the sale of properties owned by the Town, this article will allow the Town to hold purchase money mortgages in connection with such sale of Town-owned properties.
The Town Board of the Town of New Windsor is hereby authorized to hold purchase money mortgages in connection with the sale of Town properties upon such terms, conditions and rates as may be in the best interest of the Town.
If any word, phrase, sentence, part, section, subsection, or other portion of this article or any application thereof to any person or circumstance is declared void, unconstitutional, or invalid for any reason, then such word, phrase, sentence, part, section, subsection, or other portion, or the proscribed application thereof, shall be severable, and the remaining provisions of this article, and all applications thereof, not having been declared void, unconstitutional, or invalid shall remain in full force and effect.
Where this article differs or conflicts with other laws, rules and regulations, unless the right to do so is preempted or prohibited by the county, state or federal government, the more restrictive or protective of the Town and the public shall apply.
This article shall become effective upon filing with the New York State Secretary of State in Albany.
This article is enacted pursuant to the Municipal Home Rule Law and in accordance with the Zoning Law of the Town of New Windsor, New York, Article XV, entitled "Amendments." This article shall supersede the provisions of the Town Law to the extent it is inconsistent with the same and to the extent permitted by the New York State Constitution, the Municipal Home Rule Law, or any other applicable statute.