UTICA – The Mohawk Valley Health System has started the process to acquire properties that lie within the footprint of the new downtown Utica hospital, MVHS officials announced today.
The law firm Bond, Schoeneck & King (BSK) is helping MVHS through the process. Beginning this week, property owners whose appraisals have already been completed and approved by the Dormitory Authority of the State of New York (DASNY) will receive Option Agreements from BSK for their properties.
“We are pleased to be able to move forward with this next step in the project,” said Scott PERRA, president and CEO of MVHS, in a news release. “We had a number of steps we needed to complete with DASNY before we could begin the property acquisition process.
DASNY is the governmental agency that will bond for the $300 million grant and they required a review and approval of the appraisals before beginning the purchase process. DASNY’s review was complete in late October.”
MVHS officials say that the final offer for the purchase of the properties is contingent upon approval for the health system’s Certificate of Need for the new hospital, which was submitted to the state Department of Health in November.
In addition to getting the Certificate of Need, MVHS will also soon begin the State Environmental Quality Review process. It’s expected to begin in January 2018 and may take up to nine months until it’s complete.