New York State authorizes the city of New York to sell certain lands under the waters of Whale Creek, also known as Wyckoff Creek, a former tributary.
The bill authorizes the city of New York to sell specific lands that are now or formerly under the waters of Whale Creek, also known as Wyckoff Creek, and were once a tributary of Newtown Creek. The sale is subject to an independent appraisal and must occur within five years of the act's effective date. If the sale proceeds do not match the fair market value, the city must allocate additional funds for waterfront property improvements in Brooklyn. The sale is limited to eligible persons or entities owning adjacent upland real property at the time of the sale.
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