§ 125. Proceedings to condemn. 1. To initiate a condemnation\nproceeding, an authority may adopt a resolution describing the property\nand declaring that the acquisition of the property is in the public\ninterest and necessary for the public use, and that the property sought\nto be condemned is or will be required for a project. A certified copy\nof the authority's resolution shall be conclusive evidence as to the\nmatters contained therein in any condemnation proceeding to acquire the\nproperty, or any part thereof, described in such resolution.\n 2. An authority may exercise the power of condemnation pursuant to the\nprovisions of the eminent domain procedure law.\n 3. An authority may petition the municipality to institute proceedings\nunder any applicable general, special or local law, to acquire property\ndescribed in the petition which the authority has certified to be\nnecessary for a project. The resolution granting the petition shall set\nforth the amount to be paid by the authority to the municipality for\nsuch property or in lieu thereof that the authority shall pay to the\nmunicipality all sums expended or required to be expended by the\nmunicipality in the acquisition thereof, and the time of payment and\nmanner of securing payment thereof, and may require that the\nmunicipality shall receive, before proceeding with the acquisition of\nsuch property, such assurances as to payment or reimbursement by the\nauthority or otherwise as the municipality may deem advisable. Upon the\npassage of a resolution by the local legislative body of the\nmunicipality granting the petition, the authority shall cause three\ncopies of surveys or maps of the property described in the petition to\nbe made, one of which shall be filed in the office of the authority, one\nin the office of the corporation counsel or chief law officer of the\nmunicipality, and one in the office in which instruments affecting real\nproperty in the county are recorded. The filing of such copies of\nsurveys or maps shall be conclusive evidence of the acceptance by the\nauthority of the terms and conditions of such resolution. The\nmunicipality may proceed under the eminent domain procedure law to\nacquire title to such property. When title to the property shall have\nvested in the municipality, it shall convey the same to the authority\nupon payment by the authority of the sums and the giving of the security\nrequired by the resolution granting the petition. As soon as title shall\nhave vested in the municipality, the authority may, upon the\nauthorization of the mayor, enter upon the property taken, take over and\ndispose of existing improvements, and carry out the terms of the project\nwith respect thereto. Whenever in connection with condemnation\nproceedings, requirement is made in any applicable general, special or\nlocal law for the performance of an act by a department or officer of\nthe municipality, it shall be regarded for the purposes of this section\nas compliance therewith if with the approval of the mayor such act is\nperformed by the authority or by persons specially designated by it.\n 4. In any proceedings for the assessment of compensation and damages\nfor property taken or to be taken by condemnation by or for an\nauthority, the following provisions shall be applicable:\n (a) Evidence of the price and other terms upon any sale or the rent\nreceived or reserved, whichever is less, and other terms upon any\noption, lease or tenancy relating to any of the property taken or to be\ntaken or to any similar property in the vicinity when the option, sale\nor lease was given, occurred or the tenancy existed, within a reasonable\ntime of the trial, shall be admissible on direct examination. At any\nstage of the proceeding, the court or tribunal may require such prior\nnotice to be given of an intention to introduce evidence as to the sale,\noption, leasing or tenancy of property other than the property directly\ninvolved in the proceeding and of
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