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HUDSON DEEPWATER DEVELOPMENT, INC. v. CITY OF TROY

299 A.D.2d 801 (2002)

751 N.Y.S.2d 615

HUDSON DEEPWATER DEVELOPMENT, INC., Appellant, v. CITY OF TROY et al., Respondents.

Appellate Division of the Supreme Court of the State of New York, Third Department.

Decided November 27, 2002.

Crew III, J.P.

Plaintiff is the lessee of certain real property located in the City of Troy, Rensselaer County, and owned by defendant Scolite International Corporation. Although the lease between plaintiff and Scolite included a purchase option, neither the lease interest nor the purchase option were recorded by plaintiff in the Rensselaer County Clerk's office. In October 1996, plaintiff applied for certification as a business within the City's "Economic Development...

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