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GREAT NEWS--TOWN SELLS WATERWHEEL PROPERTY FOR $1.2 MILLION--CLOSING TOOK PLACE YESTERDAY
Release Date: May 09, 2013

Some more great news for the town! Yesterday the town closed on the sale of the waterwheel property in Ardsley for $1.2 million. Chase just confirmed that $1,060,000 from the waterwheel transaction has been wired into our town bank account. The developer gave the town a deposit years ago covering the balance.The town took ownership of the property as a result of a foreclosure.and has been working with the village of Ardsley for over 5 years on turning the property (which is located across from Macy Park) into affordable housing. 17 units of affordable housing will comply with the federal housing stipulation. And five units will be allocated for workforce housing –targeting volunteer fire fighters, ambulance corp members.
I am thrilled that construction of the affordable housing will start soon. It took a long time but when the affordable housing is built, I think most people in our town will agree that the wait was worth it! A special thanks for former Ardsley Mayor Jay Leon who worked long and hard to persuade county, town, village officials, residents of Ardsley of the importance of building affordable housing.
PAUL FEINER
See resolution dated July 14, 2010 from the Town Board authorizing sale of property…………..
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TOWN TO VOTE TOMORROW FOR SALE OF WATERWHEEL PROPERTY FOR AFFORDABLE HOUSING
Release Date: July 14, 2010
The Greenburgh Town Board will vote tomorrow evening (Wed) on the sale of the waterwheel property for affordable/workforce housing. The town acquired this property due to a foreclosure. Members of the Board have expressed the desire, over the years, to use foreclosed property like this for a good public purpose. The Village of Ardsley, Ardsley Fire dept & ambulance corp have been supportive of this sale. Although the town owns the land - the property is located within the borders of the village of Ardsley. All land use decisions concerning the property will be made by the village. The 17 affordable units will comply with the federal housing stipulation the county signed last year.

A copy of the contract is posted on the town website: www.greenburghny.com
PAUL FEINER

RESOLUTION AUTHORIZING THE TOWN SUPERVISOR OF THE TOWN OF GREENBURGH TO EXECUTE A CONTRACT CONVEYING SURPLUS TOWN-OWNED REAL PROPERTY TO ARDSLEY WATERWHEEL PARTNERS, LLC FOR THE DEVELOPMENT OF AFFORDABLE HOUSING FOR THE PROPERTIES DESIGNATED ON THE TAX MAP OF THE TOWN OF GREENBURGH AS SECTION 6.20, BLOCK 3, LOTS 7, 8, 9, AND 10, FORMERLY KNOWN AS VOLUME 6, SECTION 16, SHEET 1, LOT P-23; VOLUME 6, SECTION 16, SHEET 1A, LOT P-4; VOLUME 6, SECTION 16, SHEET 1A, LOT P-5A; AND VOLUME 6, SECTION 16, SHEET 1A, BLOCK 7, LOT 1; COMMONLY KNOWN AS THE WATERWHEEL PROPERTY LOCATED IN THE VILLAGE OF ARDSLEY


WHEREAS, the Town Board of the Town of Greenburgh recognizes the importance of providing opportunities for adequate and affordable housing for residents, volunteer emergency personnel and employees; and

WHEREAS, on October 30, 2008, the Greenburgh Affordable Housing Committee reviewed three presentations from developers that were submitted in response to the “Development Opportunity For A Mixed Affordable Housing and Market Rate Multifamily Development” request for proposal; and

WHEREAS, on November 18, 2008, after careful deliberation of the three presentations, the Affordable Housing Committee, on a motion from Mr. Jim Chin, and seconded by Mr. Clark Chung, recommended that the Town of Greenburgh enter into negotiations for the sale of the property with the development group formed by Ariston Properties, Developer: Conrad Roncati, Community Housing Innovations, Affordable Housing Partner: Alexander Roberts and Architectura, Inc. – Architect (“Developers”), now known as “Ardsley Waterwheel Partners, LLC”; and

WHEREAS, the Developers are proposing a “green” design development that would be flexible and able to be adapted with further input from the community; and

WHEREAS, the Developers are required to construct at the Property a multi-family development having twenty two (22) Units, seventeen (17) of which shall be Affordable Housing units and five (5) of which shall be Workforce Housing units, and related infrastructure and amenities; and

WHEREAS, the Developers have agreed to have restrictive covenants going with the land that will insure affordability of the units;
 
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