NY S05814

Authorizes the Town of Islip to discontinue parkland designation and lease approximately 0.59 acres to J.P. Supreme Caterers, Inc. (d/b/a Nicky's on the Bay) for up to 40 years at fair market value.

Requires lease proceeds to be dedicated toward acquiring new parklands and/or funding capital improvements to existing park and recreational facilities.

Lease automatically terminates and property reverts to the town for public park use if the fuel dock and restaurant cease operations; the lessee must remove all structures and restore the property.

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

Takes effect immediately upon enactment.