This bill has been amended

Bill S7664-2009

Authorizes bond proceeds to be used for site improvements next to All High Stadium in Buffalo

Authorizes bond proceeds to be used for site improvements next to All High Stadium in Buffalo.

Details

Actions

  • May 25, 2010: ADVANCED TO THIRD READING
  • May 24, 2010: 2ND REPORT CAL.
  • May 18, 2010: 1ST REPORT CAL.604
  • Apr 29, 2010: REFERRED TO LOCAL GOVERNMENT

Votes

VOTE: COMMITTEE VOTE: - Local Government - May 18, 2010
Ayes (7): Stewart-Cousins, Oppenheimer, Valesky, Thompson, Johnson C, Little, Bonacic
Excused (1): Morahan

Memo

 BILL NUMBER:  S7664

TITLE OF BILL : An act in relation to deeming the objects or purposes for which certain bonds were issued by the city of Buffalo to be for site improvements adjacent to All High Stadium in said city and authorizing the expenditure of the proceeds from such bonds for such objects or purposes

PURPOSE OR GENERAL IDEA OF BILL : The purpose of the bill is to deem the objects or purposes for which certain bonds were issued by the city of Buffalo in the county of Erie (the "city"), to be for site improvements adjacent to All High Stadium and to authorize the City to expend a $598,000 portion of the proceeds of certain bonds issued on April 26, 2006 for such purposes,

SUMMARY OF SPECIFIC PROVISIONS : This bill would deem the objects or purposes for which certain bonds were issued by the city on April 26, 2006 to be for site improvements adjacent to All High Stadium in the City, to expand parking facilities and create a buffer zone between the parking facilities and adjacent residences, and to authorize the City to expend a $598,000 portion of the proceeds from the issuance of such bonds for such objects or purposes.

JUSTIFICATION : The Common Council of the City adopted on February 7, 2006 a bond resolution authorizing the issuance of City bonds in the amount of $1,000,000 to finance the cost of land acquisition to expand the existing site for P.S.307, East High School at 820 Northhampton Street, in the City, including parcels to such bond resolution, together with site acquisition and infrastructure improvements. The city subsequently issued on April 26, 2006 $995,196.16 aggregate principal amount of bonds for such purposes. Expenditure of a portion of the proceeds from such bonds was not needed to finance such cost of land acquisition because the City acquired certain of such parcels through in rem foreclosures and auctions and transferred jurisdiction for school purposes to the Buffalo City School District. The City desires to expend a $598,000 portion of the proceeds of such bond proceeds for site improvements adjacent to All High Stadium in the City to expand parking facilities and create a buffer zone between the parking facilities and adjacent residences.

PRIOR LEGISLATIVE HISTORY : This is new legislation.

FISCAL IMPLICATIONS : None to the State. The portion of the bonds for this purpose, were non-aidable and would continue to be non-aidable.

EFFECTIVE DATE : This act shall take effect immediately.

Text

STATE OF NEW YORK ________________________________________________________________________ S. 7664 A. 10916 S E N A T E - A S S E M B L Y April 29, 2010 ___________
IN SENATE -- Introduced by Sens. STACHOWSKI, VOLKER -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government IN ASSEMBLY -- Introduced by M. of A. PEOPLES-STOKES -- read once and referred to the Committee on Cities AN ACT in relation to deeming the objects or purposes for which certain bonds were issued by the city of Buffalo to be for site improvements adjacent to All High Stadium in said city and authorizing the expendi- ture of the proceeds from such bonds for such objects or purposes THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings. It is hereby found and determined that: (a) Pursuant to a bond resolution dated February 7, 2006, adopted by the common council of the city of Buffalo, county of Erie (the "common council" and the "city," respectively) the city issued on April 26, 2006 bonds in the aggregate principal amount of $995,196.16 to finance the cost of land acquisition to expand the existing site for P.S. 307, East High School at 820 Northampton Street, in the city, including parcels listed in the Exhibit A attached to such bond resolution, together with site acquisition and infrastructure improvements. (b) The common council of the city has adopted a resolution stating that expenditure of a portion of the proceeds from such bonds was not needed to finance such cost of land acquisition because the city acquired certain of such parcels through in rem foreclosures and auctions and transferred jurisdiction for school purposes to the Buffalo city school district; and therefore pursuant to such resolution the common council has requested the enactment of special state legislation to authorize the expenditure of a $598,000 portion of the proceeds of such bonds for site improvements adjacent to All High Stadium in the city to expand parking facilities and create a buffer zone between the parking facilities and adjacent residences.
S 2. Notwithstanding any other provision of law to the contrary, the objects or purposes for which said bonds were issued are hereby deemed to be site improvements adjacent to All High Stadium in the city to expand parking facilities and create a buffer zone between the parking facilities and adjacent residences and the expenditure of the $598,000 proceeds of such bonds for such objects or purposes is hereby author- ized, validated, confirmed and ratified. S 3. If any clause, sentence, paragraph, section or part of this act shall be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or invalidate the remainder thereof, but shall be confined in its operation to the clause, sentence, paragraph, section, or part thereof directly involved in the controversy in which such judgment shall have been rendered. S 4. This act shall take effect immediately.

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