Release of Right to Repurchase 2-25-2025
resolution
2 pages
Meeting: portal event 1025 (no meeting page on file)
Agenda item: Proposed Resolutions — Consider authorizing the Village Manager to execute the following documents with the Metro-North Commuter Railroad Company related to the Croton-Harmon Train Station Parking Lot: Property Maintenance Agreement, Release of Right to Repurchase, Permanent Easement Agreement and Temporary Easement Agreement.
Resolution, 2 pages. Attached to agenda item: “Proposed Resolutions — Consider authorizing the Village Manager to execute the following documents with the Metro-North Commuter Railroad Company related to the Croton-Harmon Train Station Parking Lot: Property Maintenan”
Retrieved 2026-04-15 from the village's meeting portal.
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Also attached to this agenda item:
Easement - Permanent-2-25-2025 draft
Easement - Temporary-2-25-2025 draft
Exhibit A updated 2.3.25
Prop Maintenance Agmt Village Feb 25 2025 draft
Resolution 51-2025 Metro-North Agreements
Extracted text
RELEASE OF RIGHT TO REPURCHASE
This Release entered into this __ day of ___________ , 2025 (“Release”), between the Metro-North
Commuter Rail Road Company, formerly known as The New York Central Railroad Company, with an
address at 420 Lexington Avenue in the borough of Manhattan, City, County, and State of New York
(“Metro-North”) and the Village of Croton-on-Hudson, a municipal corporation in the County of
Westchester and State of New York (the “Village”) is related to that certain Deed dated May 15, 1964, and
recorded on May 25, 1964 in the Westchester County Clerk’s Office at Liber 6404. Page 385 (the “Deed”),
pursuant to which Deed Metro-North conveyed the real property and improvements described therein
located in the Village of Croton-on-Hudson, Town of Cortlandt, County of Westchester and State of New
York (the “Property”).
WHEREAS, the Deed contains a right on the part Metro-North to the purchase all or a portion of the
Property in accordance with the terms and conditions set forth in the Deed (the “Repurchase Right”);
and
WHEREAS, the Village has requested and Metro-North has agreed to release and terminate the
Repurchase Right.
NOW, THEREFORE, in consideration of One Dollar ($1.00) and other good and valuable consideration
the sufficiency and receipt of which is hereby acknowledged, Metro-North hereby terminates, releases
and relinquishes the Repurchase Right and agrees that the Repurchase Right is hereby declared null and
void and of no further force or effect.
IN WITNESS THEREOF, the parties have hereunto set their signatures the day and year first above written.
METRO-NORTH COMMUTER RAIL
ROAD COMPANY
_____________________________________
Name:
Title:
_____________________________________
Name:
Title:
)
) ss.:
COUNTY OF
)
On this ____ day of ___________________, 2025 before me, the undersigned, personally
appeared ______________, personally known to me or proved to me on the basis of satisfactory
evidence to be the individual whose name is subscribed to the within instrument and acknowledged
to me that he/she executed the same in his/her capacity and that by his/her signature on the
instrument, the individual or the person upon behalf of which the individual acted, executed the
instrument.
________________________________
Notary Public
STATE OF NEW YORK
)
) ss.:
COUNTY OF
)
On this ____ day of ___________________, 2025 before me, the undersigned, personally
appeared ______________, personally known to me or proved to me on the basis of satisfactory
evidence to be the individual whose name is subscribed to the within instrument and acknowledged
to me that he/she executed the same in his/her capacity and that by his/her signature on the
instrument, the individual or the person upon behalf of which the individual acted, executed the
instrument.
________________________________
Notary Public
Machine-extracted for search and reference — the original PDF is the authoritative version.