City Council:
AN ORDINANCE AUTHORIZING THE SALE
OF CITY-OWNED REAL PROPERTY LOCATED
AT 234 EAST 5TH STREET, MOUNT VERNON,
NEW YORK, IDENTIFIED AS PARCEL
ID 169.32-4064-001, TO SHODAP HOUSING,
LLC FOR THE SUM OF $445,000.00
Whereas, by correspondence dated November 5, 2026, the Comptroller requested authorization and approval for the sale and conveyance of the City-owned real property located at 234 W. 5th Street, Mount Vernon, New York, identified as Parcel ID 169.32-4064-001, to Shodap Housing, LLC, for a total purchase price of Four Hundred Forty-Five Thousand Dollars ($445,000.00); and
Whereas, the City of Mount Vernon (the “City”) is the owner of certain real property located at 234 W. 5th Street, Mount Vernon, New York, identified as Parcel ID 169.32-4064-001 (the “Property”); and
Whereas, the Property was acquired by the City through foreclosure proceedings resulting from the non-payment of real property taxes; and
Whereas, the City determined that the Property should be offered for sale in accordance with applicable City procedures and requirements governing the disposition of City-owned real property; and
Whereas, all offers submitted for the purchase of the Property were reviewed and considered by the City’s Real Estate Committee on October 30, 2026; and
Whereas, following its review of the offers received, the Real Estate Committee unanimously determined that Shodap Housing, LLC was the prevailing bidder and was in full compliance with the applicable bidding process; and
Whereas, Shodap Housing, LLC has offered to purchase the Property from the City for the total sum of Four Hundred Forty-Five Thousand Dollars ($445,000.00); and
Whereas, the City Council has determined that the proposed sale of the Property to Shodap Housing, LLC for $445,000.00 is in the best interests of the City and its residents and should be authorized, subject to compliance with all applicable laws, rules, regulations, and closing requirements; and
Whereas, the City Council desires...
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