New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter XVI - Hudson River Park Trust
Part 752 - Rules And Regulations Governing Leases, Licenses, Concession Agreements And Other Agreements
Section 752.3 - Leases in excess of 10 years
Current through Register Vol. 46, No. 12, March 20, 2024
(a) The Hudson River Park Trust may enter into leases, licenses, concession agreements or other agreements for property or facilities under its jurisdiction if, in its discretion, such agreement is in the best interest of the park and is necessary to assure adequate protection against loss of investment by the lessee, licensee, concessionaire, or other party to such agreement in connection with its development, renovation, improvement, or furnishing and equipping of the subject property or facility.
(b) Prior to entering into a lease, license, concession agreement or other agreement for park property or facility with a term in excess of 10 years, the Hudson River Park Trust shall: