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NY S00333
Bill
Status
8/17/2011
Primary Sponsor
Ruben Diaz
Click for details
AI Summary
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Authorizes New York City to return property at Block 2285, Lot 73 (431 East 140th Street, Bronx) to St. Peter's Lutheran Church, which lost the property 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 deadline for applying to release in rem foreclosed property under NYC Administrative Code sections 11-424 and 11-424.1.
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Requires the in rem foreclosure release board to approve the release and the church to submit a written application with certified title search, affidavit of ownership, and all required fees.
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Requires the church to pay all back taxes, interest, penalties, and charges upon approval of the application by the 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
SIGNED CHAP.452
8/17/2011