Board of Estimate and Contract:
RESOLVED, that an Ordinance adopted by the City Council on July 8, 2026, and signed by the Mayor on July 8, 2026, authorizing the Mayor to Convey City-Owned 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) - proceeds from the sale shall be deposited into the appropriate City account in accordance with applicable law and the City's financial policies; and the same is hereby approved.
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 ...
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