City Council:
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF MOUNT VERNON AUTHORIZING
THE THIRD AMENDMENT TO THE LAND
DISPOSITION AGREEMENT REGARDING
20 S. 2ND SQUARE CMV, LLC
WHEREAS, the City of Mount Vernon ("City") and 20 S. 2nd Square CMV, LLC ("Purchaser") entered into a Land Disposition Agreement, dated July 2, 2021, as amended by the First Amendment, dated July 12, 2023, and the Second Amendment, dated June 17, 2025 ("Agreement"), in connection with a certain parcel of real property owned by the City with an address of 20 South Second Avenue, Mount Vernon, New York ("Property"); and
WHEREAS, under the Agreement, the Purchaser would purchase the Property for the development of approximately 340,0000 square feet of mixed residential development and other amenities, including, approximately 320 mixed-income residential apartments, and up to 18,000 square feet of non-residential community space ("Development Project"); and
WHEREAS, to facilitate the Development Project, Purchaser submitted a Zoning Petition to the City on December 3, 2021, seeking to establish a new Downtown Transit Oriented Arts District ("DTOAD"), and amend the Zoning Map to apply that designation to approximately forty-one (41) tax parcels between East 1st and East 2nd Street and between South 1st and South 3rd Avenue, including the Property ("Zoning Petition," together with the Development Project, the "Proposed Action"); and
WHEREAS, the City Council, as Lead Agency, conducted a coordinated environmental review of the Proposed Action pursuant to the New York State Environmental Quality Review Act and its implementing regulations (collectively, "SEQRA"); and
WHEREAS, as modified during the SEQRA process, the Development Project currently consists of approximately 307,932 s.f. of mixed residential development and other amenities in two, 12-story buildings, including 272 mixed-income residential apartments, approxi...
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