Board of Estimate & Contract:
RESOLVED, that a resolution adopted by the City Council on October 8, 2025, and signed by the Mayor on October 9, 2025, authorizing the Sale of City-Owned Property Located at 224 North 7th Avenue, Mount Vernon, New York (Parcel ID: 165.53.1105.005) - (to Mr. Jorge Ibarra for the total purchase price of Three Hundred Thousand Dollars ($300,000.00), all proceeds from the sale of said property shall be deposited into the appropriate City account as determined by the Comptroller and used in accordance with applicable fiscal policies and procedures); be, and the same is hereby approved.
City Council:
AN ORDINANCE AUTHORIZING THE SALE OF
CITY-OWNED PROPERTY LOCATED AT
224 NORTH 7TH AVENUE, MOUNT VERNON,
NEW YORK (PARCEL ID: 165.53.1105.005)
Whereas, in correspondence dated October 1, 2025, the Real Estate Committee - 2025 formally requested authorization for the Mayor of the City of Mount Vernon to execute and deliver a deed and all other necessary documents to convey the property located at 224 North 7th Avenue, identified as Parcel ID: 165.53.1105.005, to Mr. Jorge Ibarra for the total purchase price of Three Hundred Thousand Dollars ($300,000.00); and
Whereas, the City of Mount Vernon is the owner of certain real property located at 224 North 7th Avenue, Mount Vernon, New York, identified on the City’s Tax Map as Parcel ID: 165.53.1105.005 (the “Property”); and
Whereas, the Property was acquired by the City of Mount Vernon through foreclosure proceedings for non-payment of taxes; and
Whereas, in accordance with City procedures, the Property was offered for sale through a competitive bidding process to ensure transparency, fairness, and the best financial return to the City; and
Whereas, all offers and submissions were reviewed by the Real Estate Committee of the Mount Vernon City Council on September 26, 2025; and
Whereas, following due review and deliberation, the Real Estate Committee determined that the offer submitted by Mr. Jorge Ibarra, in the amount of Three Hundred Thousand Dollars ($300,000.00), was the highest bid and that Mr. Ibarra was found to be in full compliance with all bidding requirements and conditions; and
Whereas, the sale of the Property will return the parcel to the City’s tax rolls, generating future tax revenue and promoting community development and neighborhood revitalization; and
Whereas, it is in the best interest of the City of Mount Vernon to authorize the conveyance of the Property to Mr. Jorge Ibarra under the terms stated herein;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF MOUNT VERNON, NEW YORK, AS FOLLOWS:
Section 1. Authorization of Sale. The Mayor of the City of Mount Vernon is hereby authorized to sell and convey City-owned property located at 224 North 7th Avenue, identified as Parcel ID: 165.53.1105.005, to Mr. Jorge Ibarra for the total purchase price of Three Hundred Thousand Dollars ($300,000.00).
Section 2. Terms and Conditions of Conveyance. The conveyance shall be subject to the following terms and conditions:
(a) Full payment of the purchase price at closing;
(b) Execution of a deed approved by the Corporation Counsel;
(c) Compliance with all applicable City, County, and State laws governing the sale of municipal property; and
(d) Payment by the purchaser of all closing costs, recording fees, and related expenses.
Section 3. Authorization to Execute Documents. The Mayor is hereby authorized and directed to execute all necessary documents, deeds, and agreements required to effectuate the sale and conveyance of the Property to the purchaser.
Section 4. Deposit of Proceeds. All proceeds from the sale shall be deposited into the appropriate City account as determined by the Comptroller and in accordance with applicable financial and accounting regulations.
Section 5. Effective Date. This Ordinance shall take effect immediately upon passage and approval by the City Council, and subsequent approval by the Board of Estimate & Contract in accordance with the laws of the City of Mount Vernon and the State of New York.