The office by and through the commissioner, shall:
Any such cooperative agreement, lease or license shall be entered into only after a finding by the commissioner that such action is compatible with public enjoyment and participation in adjacent park facilities, and in the case of structures listed on or eligible for the state register of historic places, that such cooperative agreement, lease or license will provide for and encourage preserving and maintaining such properties.
In addition, such cooperative agreement, lease or license shall contain terms and conditions such as the commissioner may deem necessary to address environmental concerns, including any historic and recreational resources of such property; the compatible uses of adjacent parklands and facilities; and otherwise to protect the public interest.
Such cooperative agreement, lease or license may provide for the school district to make capital improvements to the property, including improvements to those spaces to be occupied by the office, and for the joint use of some or all of the buildings, structures and facilities between the school district of the city of Niagara Falls and the office of parks, recreation and historic preservation as well as sharing of capital costs for the improvements made to the buildings, structures and facilities, in which case payments to the office pursuant to such agreement, lease or license by the school district shall be offset by expenses incurred by such school district in making capital improvements or in maintaining the designated building, structures and facilities for the term of any such cooperative agreement, lease or license. Revenues from any such agreement or lease of property shall be deposited into the state park infrastructure fund established pursuant to section ninety-seven-mm of the state finance law, as added by section one hundred thirty-two of chapter fifty-five of the laws of nineteen hundred ninety-two.
N.Y. Parks Rec. and Hist. Preserv. Law § 3.09