Board of Estimate and Contract:
RESOLVED, that an Ordinance adopted by the City Council on March 11, 2026, and signed by the Mayor on March 12, 2026, authorizing the Return of Escrow Funds for 256-260 East 3rd Street - (the custodial account shall be used to hold and disburse funds necessary to reimburse the City for professional services and expenses incurred in connection with the review of the project, including but not limited to legal, engineering, planning, and other consultant fees and the developer or its authorized representative shall deposit into the custodial account any funds required by the City. The account shall be administered by the Office of the City Comptroller in accordance with all applicable City financial policies and procedures. The establishment of this custodial account is intended to facilitate the project's administrative review process and ensure that all applicable City requirements related to project review and professional fee reimbursement are satisfied); and the same is hereby approved.
City Council:
AN ORDINANCE AUTHORIZING THE COMPTROLLER
TO ESTABLISH A CUSTODIAL ACCOUNT - STATION
PLAZA DEVELOPMENT PROJECT, 20 SOUTH WEST STREET
Whereas, in correspondence dated March 5, 2026, the Legislative Assistant to the Mount Vernon City Council formally requested authorization for the Comptroller to establish a custodial account for the development project known as Station Plaza, located at 20 South West Street, Mount Vernon, New York, for the purpose of receiving and administering funds deposited by the developer in connection with the City's review of the project; and
Whereas, the City Council of the City of Mount Vernon has been informed of a proposed development project known as Station Plaza, located at 20 South West Street, Mount Vernon, New York, consisting of a thirteen (13) story tower on a podium mixed-use building; and
Whereas, the developers of the Station Plaza project are required to s...
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