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File #: 110338   
Type: Resolution Status: Passed
File created: 1/22/2025 Meeting Body: Board of Acquisition and Contract
On agenda: 1/30/2025 Final action: 1/30/2025
Title: Planning / County Executive/Ctywide Admin Svc - 1) Enter into any and all agreements necessary to purchase approximately 0.93 acres of real property located at 99 Church Street and 6 Cottage Place, in the City of White Plains from the current owner(s) of record in an amount not to exceed $10,000,000 and to subsequently convey the Property to WBP Development LLC, its successors or assigns, or any entity created to carry out the purposes of the proposed transaction for ONE ($1.00) DOLLAR and to grant and/or accept any and all property rights in connection therewith. 2) Enter into an Inter-Municipal Developer Agreement (the "IMDA") with the City of White Plains and the Developer, to fund the construction of certain infrastructure improvements, with County administrative costs and other related work in support of the affordable housing Development to be constructed at 99 Church Street, in an amount not to exceed $4,420,000 from Capital Project BPL1A-Housing Implementation Fund II and to g...
Attachments: 1. RESA110338.pdf

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Planning / County Executive/Ctywide Admin Svc - 1) Enter into any and all agreements necessary to purchase approximately 0.93 acres of real property located at 99 Church Street and 6 Cottage Place, in the City of White Plains from the current owner(s) of record in an amount not to exceed $10,000,000 and to subsequently convey the Property to WBP Development LLC, its successors or assigns, or any entity created to carry out the purposes of the proposed transaction for ONE ($1.00) DOLLAR and to grant and/or accept any and all property rights in connection therewith.  2) Enter into an Inter-Municipal Developer Agreement (the “IMDA”) with the City of White Plains and the Developer, to fund the construction of certain infrastructure improvements, with County administrative costs and other related work in support of the affordable housing Development to be constructed at 99 Church Street, in an amount not to exceed $4,420,000 from Capital Project BPL1A-Housing Implementation Fund II and to grant and accept all necessary property rights in connection therewith for the purpose of creating 108 affordable homeownership condominium units that AFFH.  

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B. Lopez

C. Steers