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 467 East 5th Street, Mount Vernon, New York (Parcel ID: 169.26.4050.029) - (to Donny McTaggart of Edson Avenue Development Group LLC for the total purchase price of Three Hundred Five Thousand Dollars ($305,000.00)); 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
467 EAST 5TH STREET, MOUNT VERNON,
NEW YORK (PARCEL ID: 169.26.4050.029)
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 467 East 5th Street, Mount Vernon, New York (Parcel ID: 169.26.4050.029) to Donny McTaggart of Edson Avenue Development Group LLC for the total purchase price of Three Hundred Five Thousand Dollars ($305,000.00); and
Whereas, the City of Mount Vernon is the owner of real property located at 467 East 5th Street, Mount Vernon, New York, identified on the tax map as Parcel ID 169.26.4050.029; and
Whereas, the said property was acquired by the City through foreclosure for the non-payment of real property taxes; and
Whereas, the City Council recognizes the importance of returning tax-foreclosed properties to the tax rolls and encouraging responsible redevelopment and investment within the City; and
Whereas, the City of Mount Vernon Real Estate Committee, at its meeting held on September 26, 2025, reviewed all offers received for the purchase of the subject property; and
Whereas, after due deliberation, the Real Estate Committee determined that Mr. Donny McTaggart of Edson Avenue Development Group LLC submitted the highest responsible bid in the total amount of Three Hundred Five Thousand Dollars ($305,000.00) and found said bidder to be in full compliance with the City’s bidding process; and
Whereas, the Real Estate Committee has recommended the sale of the subject property to Donny McTaggart of Edson Avenue Development Group LLC for the total purchase price of $305,000.00, subject to all applicable laws, terms, and conditions of sale; and
Whereas, the City Council of the City of Mount Vernon, having reviewed the recommendation of the Real Estate Committee, concurs that the sale of said property is in the best interest of the City and its residents;
NOW, THEREFORE, BE IT ORDAINED by the City Council of the City of Mount Vernon, in the State of New York, as follows:
Section 1. Authorization of Sale. The Mayor of the City of Mount Vernon is hereby authorized and directed to execute any and all necessary documents to convey title and transfer ownership of the property located at 467 East 5th Street, Mount Vernon, New York (Parcel ID: 169.26.4050.029) to Donny McTaggart of Edson Avenue Development Group LLC for the total purchase price of Three Hundred Five Thousand Dollars ($305,000.00).
Section 2. Terms and Conditions. The sale shall be conducted pursuant to all applicable laws of the State of New York and the City of Mount Vernon. The purchaser shall be responsible for all customary closing costs, fees, and other charges associated with the transfer of ownership.
Section 3. Deposit and Use of Proceeds. 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.
Section 4. Effective Date. This Ordinance shall take effect immediately upon its passage, 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.