Board of Estimate and Contract:
RESOLVED, that an Ordinance adopted by the City Council on June 10, 2026, and signed by the Mayor on June 11, 2026, authorizing the establishment of a Custodial Account for the Proposed Development Project Located at 745 South Third Avenue, Mount Vernon, New York 10550- (funds deposited into the custodial account shall remain subject to applicable City policies, ordinances, regulations, and procedures. No deposits shall be construed as approval of the proposed project, zoning designation, site plan, permits, or any other governmental action); be, and the same is hereby approved.
City Council:
AN ORDINANCE AUTHORIZING THE
ESTABLISHMENT OF A CUSTODIAL ACCOUNT
FOR THE PROPOSED DEVELOPMENT PROJECT
LOCATED AT 745 SOUTH THIRD STREET,
MOUNT VERNON, NEW YORK
Whereas, in correspondence dated June 10, 2026, the Legislative Assistant to the Mount Vernon City Council formally requested authorization by the Office of the City Comptroller to establish a custodial account for the proposed development project located at 745 South Third Street, Mount Vernon, New York 10550, which shall be known and may be cited as the "745 South Third Street Development Custodial Account Authorization Ordinance"; and
Whereas, the City of Mount Vernon is committed to ensuring the orderly administration and review of development projects proposed within the City; and
Whereas, a development proposal has been submitted concerning the property located at 745 South Third Street, Mount Vernon, New York 10550, for the establishment of a PUD-2 Planned Unit Development Zoning District and the construction of a new fourteen (14) story mixed-use building on a vacant parcel; and
Whereas, the proposed development is being advanced by or on behalf of the property owner and applicant, c/o Prabhjit Singh - rackys10@gmail.com; and
Whereas, the City anticipates the receipt of funds associated with the review and processing of the proposed d...
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