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§  968.  Disposition of property. (a) Notwithstanding any provision of
any other law to the contrary, in order to further the purposes  of  the
empire  zones  program,  any real or personal property located within an
empire zone  and  owned  by  any  local  governmental  entity  in  whose
jurisdiction an empire zone is located, may be sold or leased for a term
not  exceeding  ninety-nine  years  to a private user, a community-based
organization,  a  public  benefit  corporation  or  any  other   person:
provided,  however,  that  each  contract  for  such sale, and each such
lease, shall obligate the buyer or lessee to comply with the  provisions
of  this  article  and  the  empire zone development plan filed with the
commissioner pursuant to section nine hundred sixty-two of this article.
Such obligations contained in a contract for the sale of  real  property
shall survive delivery of the deed. A breach by the buyer or lessee of a
material  obligation of such contract or lease shall, in addition to any
other remedies available to the seller or  lessor  under  the  contract,
terminate  the  eligibility  of  the  buyer  or  lessee for any benefits
provided in this article.

(b) Any real or personal property owned by any local governmental entity or the state and located within an empire zone may be sold or leased to any person pursuant to this section without public bidding or public sale; provided, however, that there is published in at least one newspaper of general circulation in the municipality in which the empire zone is located a notice which shall include a statement of the identity of the proposed purchaser or lessee and a description of its proposed use or re-use of the property, the price or rental to be paid by such purchaser or lessee, all other essential conditions of such sale or lease, and a statement that a public hearing upon such sale or lease will be held by the seller or lessor of the property at a specified time and place on a date not less than ten days nor more than thirty days after such publication, and provided further that such public hearing is held in accordance with such notice.