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County discusses reconveyance of Empire State Plaza parcels to state after 2004 bond satisfaction
Summary
Committee reviewed a request to declare Empire State Plaza parcels no longer necessary for public use and discussed language in a 1965 legislative contract that, by counsel's advice, contemplates reconveyance to New York State following bond satisfaction; members moved to proceed.
Clerk (speaker 2) introduced Item 6, which seeks to declare various parcels that comprise the Empire State Plaza no longer necessary for public use and to complete reconveyance consistent with a 1965 agreement.
An executive‑office representative (speaker 9) summarized the history: Albany County entered into a 1965 contract tied to bond financing of the Empire State Plaza and, according to counsel and the text of the authorization, the agreement provided that upon expiration of the lease and satisfaction of the bonds the properties would reconvey to New York State. Speaker 9 said the bonds associated with construction were satisfied in 2004 and presented the reconveyance as completing that contractual provision. Committee members asked for clarification and then moved and seconded the motion to proceed with the item.
The discussion focused on legal authority and historical contract terms rather than immediate changes in land use or budget appropriations; the committee's recorded action on the motion was procedural and in support of completing the reconveyance process.
