25-1986 : Abandonment and Sale of Stetson Street (Portion) to PVS-Nolwood Chemicals, Inc. (FI)

This agenda item concerns the abandonment and sale of a portion of Stetson Street to PVS-Nolwood Chemicals, Inc. The parcel is approximately 0.44 acres (385 linear feet by 50 feet) and is located between Howard Street and 22 Stetson Street. PVS-Nolwood Chemicals, Inc., which already owns adjacent properties, seeks to acquire this street segment to consolidate its holdings. The agreed-upon purchase price is $46,000, based on a Purchaser-obtained appraisal approved by the City.

Key Conditions and Agreements:

• Sewer Main Transfer: PVS-Nolwood Chemicals, Inc. will assume ownership and maintenance responsibility for an active sewer main within the street segment, relieving the Buffalo Sewer Authority of future liability.
• Release and Indemnity: The Purchaser will sign an agreement releasing the City of Buffalo from all future liability related to the property.
• Environmental and Utility Concerns: The Purchaser agrees to address any right-of-way, utility, or other occupancy issues to the satisfaction of City personnel.
• Process: The item requires referral to the City of Buffalo Planning Board for review and recommendation, followed by a public hearing scheduled for January 13, 2026. The sale will not be effective until all conditions are met and easements are filed.

City departments including Fire, Police, and Public Works have no objections. The Common Council is being asked to authorize the referral, approve the sale, and authorize the Mayor to execute closing documents.