First Lands to be Transferred by
NY Power Authority
May 11, 2006
FOR IMMEDIATE RELEASE
MASSENA—The New York Power Authority (NYPA) today
announced the transfers of the first lands to adjoining landowners,
as part of the relicensing of NYPA’s St. Lawrence-FDR Power Project,
were initiated yesterday in the Town of Lisbon. The transfer of
excess lands, which were previously within the boundary of the
Project, to adjoining property owners or local municipalities was
part of the comprehensive settlement agreement reached during the
relicensing of the Project.
Yesterday, the first landowners to begin this
process signed contracts and placed deposits on parcels which were
adjacent to their property. Several additional landowners have
requested contracts. The landowners will pay fair market value for
the parcels, which were determined by an independent appraisal.
All initial property transfers are taking place within Lisbon.
Municipal leaders in Lisbon had requested and received a ruling,
through the relicensing settlement, that all its lands be removed
from the Project boundary.
The landowners to first receive contracts were
identified on a priority basis by the St. Lawrence Local Government
Task Force so that any impending property sales and construction
could proceed. Draft letters of intent concerning the availability
of parcels will be sent to another series of landowners in Lisbon
this week. The Local Government Task Force consists of
representatives of municipal and school district entities with
property located within the Project boundary.
Adjoining landowners seeking available parcels
previously in the Project boundary in Massena, Louisville and
Waddington, are currently reviewing independent appraisals on
parcels which are subject to impending sale or construction.
Appraisals for all
property to be removed from the Project boundary have been delivered
to each municipality and are available in the Town Halls. In 2005,
the New York State Attorney General determined, under the State
Constitution, that NYPA must charge fair market value to adjoining
landowners for any land transferred out of the Project boundary by
■ NYPA uses no tax money or state credit. It
finances its operations through the sale of bonds and revenues
earned in large part through sales of electricity. ■ NYPA is a
leader in promoting energy-efficiency, new energy technologies and
electric transportation initiatives. ■ It is the nation’s
largest state-owned electric utility, with 18 generating facilities
in various parts of the state and more than 1,400 circuit-miles of
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