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NY S07617
Bill
Status
6/7/2012
Primary Sponsor
Daniel Squadron
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AI Summary
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Authorizes and validates the transfer of Empire Fulton Ferry state park land to the Brooklyn Bridge Park Development Corporation and Brooklyn Bridge Park Corporation under a 99-year master ground lease agreement dated July 29, 2010.
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Allows the Brooklyn Bridge Park Corporation to improve, construct, or redevelop Parcel B (approximately 2.651 acres) consistent with the Brooklyn Civic and Land Use Improvement Project, while Parcel A (approximately 6.408 acres) must remain dedicated to park and recreation purposes.
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Requires the City of New York to dedicate replacement parkland to Brooklyn Bridge Park equal to or greater than the fair market value of the alienated land, or contribute the difference toward acquiring additional parkland or improvements in Brooklyn.
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Conditions the discontinuance of Parcel B on National Park Service approval of the conversion under the federal Land and Water Conservation Fund Act, with substituted lands meeting equivalency standards in fair market value and outdoor recreation usefulness.
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Designates three replacement parcels (Lot 21 Block 7, portion of Washington Street, and portion of Lot 1 Block 7) totaling approximately 0.883 acres to be dedicated for park and recreation purposes within the Brooklyn Bridge Park.
Legislative Description
Authorizes and validates the alienation of certain parkland known as Empire Fulton Ferry state park in accordance with letters patent dated July 8, 2010 from the office of general services to the Brooklyn Bridge Park Development Corporation and master ground lease agreement dated as of July 29, 2010 for a term of 99 years to the Brooklyn Bridge Park Corporation providing for the use of such land as a part of the Brooklyn Bridge Park Civic and Land Use Improvement Project.
Last Action
SUBSTITUTED BY A10586
6/20/2012