[HISTORY: Adopted by the City Council of the City of Yonkers 10-28-1980 by L.L. No.
12-1980; amended in its entirety 4-14-1981 by L.L. No.
3-1981. Subsequent amendments noted where applicable.]
General City Law § 23 and the Second Class Cities
Law § 37 are hereby superseded to the extent provided herein
as follows:
A.
Residential properties consisting of one to four family units acquired
by the City for nonpayment of taxes that have not been sold due to
lack of responsible bids and properties that have received nominal
consideration of significantly below fair market value from the federal
government, or by gift, may be conveyed, upon recommendation of the
Director of the Yonkers Community Development Agency, by private sale
as authorized by a special ordinance approved by a majority vote of
the City Council to designated persons, subject to and upon satisfaction
of the terms and conditions as set forth hereinafter.
B.
Any sale of property pursuant to this chapter shall be for a price
fixed by the City Council and sold on an as-is basis; provided, however,
that any sale of property acquired for nonpayment of taxes shall not
be sold to the prior owner of record at the time the period of redemption
lapsed for less than accrued tax arrears plus interest, together with
reasonable costs and fees in acquiring the property by the City.
C.
Title shall be conveyed subject to those terms or conditions as set
forth herein or otherwise imposed by the City Council.
D.
The purchaser of any property under this chapter shall, at his/her
own cost and expense, renovate and/or rehabilitate the property within
24 months from the date of sale so that the property is in compliance
with the Yonkers City Code, as evidenced by a final certificate of
occupancy.
E.
The purchaser and/or members of the immediate family shall use said
property as his/her principal residence continuously for two years
after a certificate of occupancy is issued.
F.
The purchaser shall, from the date of sale or within 10 days thereof,
have in effect appropriate insurance policies naming the City of Yonkers
as an additional named insured and shall agree to indemnify and hold
harmless the City from any and all claims in connection with the use
of the property until such time as the conditions herein are satisfied.
G.
Failure by the purchaser to comply and cure any condition of conveyance
within the allotted time shall constitute a default, and the property
shall remain and/or revert to the City of Yonkers, and all improvements,
renovations, etc., shall become the property of the City of Yonkers.
Nothing herein shall be construed to relieve or interfere with any
obligation assumed by or contracted by the purchaser.
The Yonkers Community Development Agency is hereby designated
to act on behalf of the City of Yonkers and to administer and implement
a program in connection with properties conveyed pursuant hereto.
Preference may be given to those low- and moderate-income purchasers
who qualify for federal grants and loan programs.
