Board of Estimate & Contract:
RESOLVED, that an Ordinance adopted by the City Council on November 25, 2025, and signed by the Mayor on November 26, 2025, authorizing the City Comptroller to Establish a Custodial Account for the Development Project Located at 115 MacQuesten Parkway - (funds deposited into the custodial account shall be disbursed solely for payments owed to Labella Associates Inc. for services rendered in accordance with Proposal P2505704.01 and the terms of Exhibit A); be, and the same is hereby approved.
City Council:
AN ORDINANCE AUTHORIZING THE CITY
COMPTROLLER TO ESTABLISH A CUSTODIAL
ACCOUNT FOR THE DEVELOPMENT PROJECT
LOCATED AT 115 SOUTH MACQUESTEN PARKWAY
Whereas, in correspondence dated November 19, 2025, the Commissioner of the Department of Buildings formally requested authorization for the Comptroller to establish a custodial account for the development project located at 115 South MacQuesten Parkway, Mount Vernon, New York; and
Whereas, the City Comptroller requires authorization from the City Council to establish custodial accounts for the proper management of funds related to development projects within the City of Mount Vernon; and
Whereas, the developers of the property located at 115 South MacQuesten Parkway are required to fund the City's construction inspection services during the construction phase of the project; and
Whereas, Labella Associates Inc. has been engaged to provide construction inspection services as set forth in its proposal, P2505704.01, dated November 11, 2025, and executed on November 17, 2025, in accordance with the terms and conditions contained in Exhibit A; and
Whereas, the custodial account is necessary to ensure the timely and proper payment of inspection services, to maintain compliance with City requirements, and to support an aggressive construction schedule; and
Whereas, the applicant/owner of the project is 115 MacQuesten Development LLC, with ...
Click here for full text