NEWS
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NYPA Transfers Significant Amount of Acreage to Waddington as Part of Relicensing Settlement Contact: April 11, 2007 FOR IMMEDIATE RELEASE WHITE PLAINS—Nearly 100 acres of land will be transferred to the Town of Waddington and a large number of private property owners have already signed on to purchasing surplus parcels under the terms of the New York Power Authority’s (NYPA) relicensing settlement of the St. Lawrence-Franklin D. Roosevelt Power Project in Massena. In an update on the land transfer progress, NYPA President and CEO Timothy S. Carey said, “To date, we have conveyed 215 acres to both municipalities and private land owners property that has been removed from within the project boundary and we have executed five deeds with a combined 95 acres in additional land to the Town of Waddington this month,” said Carey. “We made a commitment to follow the law and move swiftly to get this land to the people. And that’s what we are doing.” Carey said NYPA has offered nearly 500 of the 600 acres of surplus land provided for under the new license to the towns of Massena, Louisville, Waddington and Lisbon; the village of Waddington and adjoining landowners in those municipalities. Letters offering parcels to private land owners in Louisville are expected to be in the mail in May. “By the end of 2007, we expect the full 600 acres committed to under the relicensing agreement will have been offered to the designated parties,” said Carey. Of the 215 acres already transferred, nearly 179 acres has gone to the municipalities of Massena, Lisbon and the Village and Town of Waddington. Letters of intent to purchase parcels have already been sent to all affected landowners in Lisbon, Massena and Waddington. “In Lisbon alone, the acceptance rate so far has been 86 percent,” said Carey. “Most of the private landowners have willingly shown they want this property.” Since the revenue obtained from the sale of the parcels to the adjoining landowners was not anticipated, NYPA has made known its intention to re-invest the proceeds for specific public works or economic support measures requested by the municipalities. The amounts in each community would approximate the sum collected for land sold in the respective municipalities. This plan has been shared with state Attorney General’s office, which has no objections. 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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