N.Y. Comp. Codes R. & Regs. tit. 21 § 752.3

Current through Register Vol. 46, No. 50, December 11, 2024

Section 752.3 - Leases in excess of 10 years

(a) The Hudson River Park Trust may enter into leases, licenses, concession agreements or other agreements for property or facilities under its jurisdiction if, in its discretion, such agreement is in the best interest of the park and is necessary to assure adequate protection against loss of investment by the lessee, licensee, concessionaire, or other party to such agreement in connection with its development, renovation, improvement, or furnishing and equipping of the subject property or facility.

(b) Prior to entering into a lease, license, concession agreement or other agreement for park property or facility with a term in excess of 10 years, the Hudson River Park Trust shall:

(1) hold a public hearing allowing not less than 30 days advance public notice. The public notice shall contain specifics as to the location of the proposed park property or facility, the identity of the proposed lessee, licensee, concessionaire or other party to the proposed agreement, and the nature and duration of the proposed agreement;

(2) solicit and consider the views of Manhattan community boards one, two and four, the planning commission of the city of New York, the advisory council, elected officials representing communities neighboring the park, and interested groups and individuals, allowing not less than 60 days following the notice of the proposed lease, license, concession agreement or other agreement for the submission of such views; and

(3) publish notice of the hearing and the terms of proposed lease, license, concession agreement or other agreement in the city record and State Register.

N.Y. Comp. Codes R. & Regs. Tit. 21 § 752.3