The following procedure shall apply with respect
to any property to be deeded to the Town for roads, park, open space,
drainage or other use:
A. The developer shall present a proposed warranty deed
with lien covenant showing a description of the land.
B. The developer shall provide an abstract of title showing
clear title to the property being deeded to the Town. This abstract
shall be examined by the Town Attorney. Should the Town Attorney determine
that it is in the best interest of the Town to obtain a fee title
insurance policy, he shall notify the developer or his representative
and it shall be the responsibility of the developer to provide and
pay for said fee title insurance policy.
C. The Town Board shall review the proposal for dedication
and, if appropriate, pass a resolution accepting dedication.
D. It shall be the responsibility of the developer to
record the deeds of dedication in the Schenectady County Clerk's office
and to pay any and all recording and related fees.
E. In the case where the land being dedicated is on the
tax rolls, the developer shall also deposit with the Town funds to
cover 150% of any estimated tax liability until the property can be
removed from the tax rolls on the next taxable status date.
F. The dedication procedure is not complete until the
above procedure has been complied with.