City Council:
AN ORDINANCE AUTHORIZING THE MAYOR
TO CONVEY CITY-OWNED REAL PROPERTY
LOCATED AT 52 MERSEREAU AVENUE, MOUNT
VERNON, NEW YORK, TO REGINALD LOWE, JR.
FOR THE PURCHASE PRICE OF FOUR HUNDRED
TEN THOUSAND DOLLARS ($410,000.00)
Whereas, by correspondence dated July 8, 2026, the Secretary of the Real Estate Committee requested that the City Council authorize the Mayor to execute a deed and all other documents necessary to convey the City-owned property located at 52 Mersereau Avenue, Mount Vernon, New York, to Reginald Lowe, Jr., or his lawful designee, for the purchase price of Four Hundred Ten Thousand Dollars ($410,000.00); and; and
Whereas, the City of Mount Vernon is the owner of certain real property known as 52 Mersereau Avenue, Mount Vernon, New York (the “Property”), which was acquired by the City through tax foreclosure as a result of the former owner's failure to pay real property taxes; and
Whereas, the Property was offered for sale at the City's public auction conducted on May 19, 2026, but no successful bid was received at that auction; and
Whereas, following the public auction, Reginald Lowe, Jr. submitted the sole bid for the purchase of the Property in the amount of Four Hundred Ten Thousand Dollars ($410,000.00); and
Whereas, at its meeting held on June 25, 2026, the Real Estate Committee unanimously voted to accept the offer submitted by Reginald Lowe, Jr., and recommended that the City Council authorize the conveyance of the Property for the purchase price of $410,000.00; and
Whereas, the City Council finds that the sale of the Property will return the parcel to private ownership, restore it to the tax rolls, eliminate the City's responsibility for its maintenance, and serve the best interests of the City of Mount Vernon and its residents.
NOW, THEREFORE, BE IT ORDAINED by the City Council of the City of Mount Vernon as follows:
Section 1. Authorization to Convey Property. The Mayor is hereby authorized and directed to execute a deed and all other documents necessary to convey the City-owned property located at 52 Mersereau Avenue, Mount Vernon, New York, to Reginald Lowe, Jr., or his lawful designee, for the purchase price of Four Hundred Ten Thousand Dollars ($410,000.00).
Section 2. Approval of Purchase Price. The purchase price of $410,000.00 is hereby approved, and the Mayor is authorized to accept payment on behalf of the City in accordance with the terms and conditions approved by the Corporation Counsel and the Comptroller.
Section 3. Closing Authorization. The Mayor, Corporation Counsel, Comptroller, City Clerk, and all other appropriate City officials are hereby authorized and directed to execute all deeds, affidavits, certifications, closing statements, and any other documents necessary to complete the transfer of title and consummate the sale of the Property.
Section 4. Deposit of Sale Proceeds. The proceeds from the sale shall be deposited into the appropriate City account in accordance with applicable law and the City's financial policies.
Section 5. Severability. If any section, subsection, sentence, clause, phrase, or provision of this Ordinance is held to be invalid or unconstitutional by a court of competent jurisdiction, such determination shall not affect the validity of the remaining portions of this Ordinance.
Section 6. Effective Date. This Ordinance shall take effect immediately upon its adoption by the City Council and subsequent approval by the Board of Estimate and Contract.