NY S07818

Authorizes the Village of Penn Yan to discontinue and lease parkland at Red Jacket Park at fair market value for the Finger Lakes Tourism Alliance information center.

Requires the village to dedicate replacement lands of equal or greater fair market value and usefulness as parklands as a condition of the authorization.

Specifies the leased parcel at Red Jacket Park in Yates County per a survey conducted on August 17, 1950, with detailed metes and bounds description.

Requires the lease to terminate and the land to revert to the village for public park use if the property ceases to be used as a tourism information center, with removal of the center and restoration to previous state.

Requires the village to comply with all federal requirements and obtain Secretary of Interior approval if the parkland received any federal funding for purchase, maintenance, or improvement.