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
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