Authorizes the city of Niagara Falls to alienate and discontinue the use of certain parklands

This bill authorizes the city of Niagara Falls to sell a specific 1.77-acre parkland known as the "Ten Rod Strip" to The Papermill, LLC. The primary goal of this transfer is to merge two separate commercial properties that are currently divided by the park, thereby allowing for new development. In exchange for selling this land, the city must dedicate an amount of money equal to its fair market value toward buying new parkland or improving existing recreational facilities. The legislation also ensures that if the city received any federal funding for the park, it must first meet all federal requirements for converting such land before the sale can proceed.