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NY S08139
Bill
Status
6/11/2010
Primary Sponsor
Ruben Diaz
Click for details
AI Summary
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Authorizes the City of New York to reconvey property at Block 2285, Lot 73 (431 East 140th Street, Bronx) to St. Peter's Lutheran Church, the former owner who lost it through tax foreclosure on September 25, 1981 due to inadvertent non-payment of taxes.
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Permits the reconveyance despite the expiration of the standard two-year application period for releasing city-acquired foreclosure property under Administrative Code sections 11-424 and 11-424.1.
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Requires the grantee to submit a written application to the city commissioner of citywide administrative services with certified title search, affidavit of ownership, and required fees, subject to approval by the in rem foreclosure release board.
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Requires the grantee to pay all outstanding taxes, interest, penalties, and charges upon approval of the application by the in rem foreclosure release board.
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Takes effect immediately upon enactment.
Legislative Description
Authorizes the city of New York to reconvey its interest in certain real property acquired by in rem tax foreclosure in the borough of Bronx to former owner St. Peter's Lutheran Church notwithstanding expiration of the two year period within which application may be made to the city to release its interest in property thus acquired.
Last Action
REFERRED TO CITIES
6/11/2010