OVERVIEW

The Niagara Frontier Transportation Authority (NFTA) located in Erie and Niagara County, New York, is seeking proposals from qualified parties interested in entering into a license agreement for a 6,000 square foot [.138-acre portion] of a vacant lot zoned N-2E (Mixed-Use Edge). The district permits a wide variety of uses including commercial retail, residential, lodging, and offices.

The lot consists of two parcels, 21 & 31 East Balcom Street, Buffalo, New York, and is located, on the south side of East Balcom Street, between Main Street and Masten Avenue. The property is bordered by an industrial building to the north, residential dwellings to the east, the NFTA Metro Bus Garage to the south, and Mid-City Apartment building to the West.

TERMS

The term of the agreement is negotiable, and the minimum asking price is $.59 per square foot for access and use. The agreement(s) will grant the Licensee use of the premises in an "as is" condition; the Licensee is responsible for making the licensed premises suitable for its intended purpose. This will include any permitting or zoning requirements.

INSURANCE REQUIREMENTS

Commercial General Liability Insurance including coverage for property damage, bodily injury, personal injury, advertising injury, product liability, completed operations with a single limit of at least $1,000,000 per occurrence and $1,000 aggregate. The certificate shall name the Niagara Frontier Transportation Authority and Niagara Frontier Transit Metro System, Inc. as additional insureds.

If any motor vehicle is used in the work Auto Liability Insurance covering bodily injury and property damage with minimum combined single limit of $1,000,000.

Workers’ Compensation and Employer’s Liability in accordance with the applicable laws of the State of New York.

Please submit a letter of interest with terms of the Agreement and proposed price by any of the contact methods outlined below. All submissions are due no later than 8am Eastern time on 01/30/2023.