Media Advisory and Photo Opportunity: Buffalo and Erie County Greenway Fund Standing Committee to Hold Meeting On Oct. 29

October 27, 2009

FOR IMMEDIATE RELEASE 

LEWISTON—The Buffalo and Erie County Greenway Fund Standing Committee will hold a public meeting in Buffalo on Thursday, Oct. 29, at the Marcy Casino in Delaware Park, beginning at 4:30 p.m. The committee is composed of one representative from Erie County, the City of Buffalo, Buffalo Olmsted Parks Conservancy, and the New York Power Authority (NYPA). 

The meeting agenda includes the election of a chairperson, consideration of future projects, approval of a Fund Trustee agreement, and the 2009-2010 funding schedule. 

EVENT:           Buffalo and Erie County Greenway Fund Standing Committee Meeting

DATE:             Thursday, Oct. 29

TIME:              4:30 p.m.

LOCATION:      Marcy Casino, Hoyt Lake at Delaware Park, Buffalo, N.Y., 14222

CONTACT:       Robert Daly
                       716-286-6912
                       rob.daly@nypa.gov

The Buffalo and Erie County Standing Committee receives funds from the Power Authority as part of a settlement agreement related to the 50-year federal license obtained by NYPA for the Niagara Power Project in 2007. During the term of the license, the Buffalo and Erie County Standing Committee will receive $2 million a year, for a total over the 50 years of $100 million. NYPA will be issuing its first payment later this month, totaling $6 million, accounting for the initial three years.

■    NYPA uses no tax money or state credit.  It finances its operations through the sale of bonds and revenues earned in large part through sales of electricity.  ■    NYPA is a leader in promoting energy-efficiency, new energy technologies and electric transportation initiatives.  ■    It is the nation’s largest state-owned electric utility, with 18 generating facilities in various parts of the state and more than 1,400 circuit-miles of transmission lines.   For more information, www.nypa.gov.

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