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AFTER ARDSLEY REZONES PROPERTY WATERWHEEL DOESN'T SELL-27 MAIN ST & LAND ACROSS FROM TOWN HALL SELLS
Release Date: November 19, 2009

The town held an auction of surplus property on Wednesday. We raised $469,850 from the auction --which was disappointing. There were two major parcels of foreclosed property that we were trying to sell: 27 Main Street in Dobbs Ferry and the waterwheel in Ardsley. We sold 27 Main Street for $239,000 but did not sell the waterwheel. There was alot of interest in the waterwheel property from a number of developers. However, on Monday the Ardsley Village Board (property is located in Ardsley) rezoned the property and created an affordable housing overlay district on the property --requiring some of the units to be affordable/workforce. Some developers who had been prepared to bid on the property got cold feet and want more time to review the new affordable housing requirements. I will ask the Town Board to authorize the Commissioner of Planning to solicit RFP's for the property. It's my hope that the sale of this valuable parcel of property can take place in 2010. The minimum offer we will accept on the property is $1.2 million dollars. The goal: some affordable housing units for volunteer firefighters, ambulance corp workers.  A total of 9 properties were sold on Wednesday - including a parcel of land across the street from Town Hall (Dannon building) --$200,000 for the land to be used as parking.

We plan a 2nd auction of town owned properties in 2010.

PAUL FEINER

 




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