[HISTORY: Adopted by the Town Board of the Town of New Windsor
as indicated in article histories. Amendments noted where applicable.]
[Adopted 12-5-2018 by L.L. No. 6-2018]
The title of this article is "A Local Law authorizing the Town
of New Windsor to hold Purchase Money Mortgages in Connection with
the Sale of Town Land."
In order to give the Town of New Windsor greater flexibility
and increase its negotiating leverage to obtain higher prices for
the sale of properties owned by the Town, this article will allow
the Town to hold purchase money mortgages in connection with such
sale of Town-owned properties.
The Town Board of the Town of New Windsor is hereby authorized
to hold purchase money mortgages in connection with the sale of Town
properties upon such terms, conditions and rates as may be in the
best interest of the Town.
If any word, phrase, sentence, part, section, subsection, or
other portion of this article or any application thereof to any person
or circumstance is declared void, unconstitutional, or invalid for
any reason, then such word, phrase, sentence, part, section, subsection,
or other portion, or the proscribed application thereof, shall be
severable, and the remaining provisions of this article, and all applications
thereof, not having been declared void, unconstitutional, or invalid
shall remain in full force and effect.
Where this article differs or conflicts with other laws, rules
and regulations, unless the right to do so is preempted or prohibited
by the county, state or federal government, the more restrictive or
protective of the Town and the public shall apply.
This article shall become effective upon filing with the New
York State Secretary of State in Albany.
This article is enacted pursuant to the Municipal Home Rule
Law and in accordance with the Zoning Law of the Town of New Windsor,
New York,[1] Article XV, entitled "Amendments." This article shall
supersede the provisions of the Town Law to the extent it is inconsistent
with the same and to the extent permitted by the New York State Constitution,
the Municipal Home Rule Law, or any other applicable statute.
