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First Lands to be Transferred by NY Power Authority

Contact:
Connie Cullen
(914) 390-8196
connie.cullen@nypa.gov

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.  

 

About NYPA:

■    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 transmission lines. 

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