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Speakers for reassessment forum on March 20th...Town Board authorizes sale of waterwheel property
Release Date: March 14, 2013

The Town of Greenburgh will be partnering with other communities in Westchester –reassessing properties. Among the benefits: fairness. Reassessment will stop the bleeding –at almost every Town Board meeting the town issues tax refunds to large business owners that have filed grievances. Once reassessment takes place we can create two classes: a commercial class and a residential class. If commercial property owners win a certiorari and receive a tax refund, homeowners won’t make up the difference. The League of Women Voters is having a forum next week on reassessment. The lineup of speakers (including Greenburgh Assessor Edye McCarthy) are listed below….
Reassessing Property in Westchester
Fair or Foul?
An educational forum from the League of Women Voters of Westchester and LWV of New Rochelle
Wednesday, March 20, 2013, 7:00 p.m.
New Rochelle City Hall Council Chambers
515 North Avenue
New Rochelle, NY 10801
How do outdated tax assessments affect local property values and taxes?
What is involved in reassessing real property?
How can we ensure fairness in the process?
Come to the panel discussion to find out and ask questions.
Welcome: Charles B. Strome III, New Rochelle City Manager…Panelists:
· John Wolham, Regional Director, Southern Region, New York State Office of Real Property Tax Services;· George Oros, Chief of Staff to County Executive Rob Astorino;· Michèle Casandra, Pelham Town Assessor;· Harold Porr III, Bronxville, Administrator/Clerk;· Mitchell Markowitz, Rye Town Assessor;· Mark Russell, Yonkers City Assessor; · Edye McCarthy, Greenburgh Assessor;Moderator: Sharon Lindsay, president, LWV of Westchester
no need for reservations
Town Board takes action to enable closing of Ardsley waterwheel affordable housing proposal… The Greenburgh Town Board unanimously approved a resolution last night authorizing the sale of the Ardsley waterwheel property for affordable housing.  We anticipate that the closing will take place within the next few weeks and that construction of the affordable housing could start shortly after that!
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 related to
the property commonly known as the Waterwheel Property (the “Property); and
WHEREAS, on November 18, 2008, after careful deliberation of the three presentations, the
Greenburgh Affordable Housing Committee 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 proposed a “green” design development that would be flexible and
able to be adapted with further input from the community; and
WHEREAS, the Developers were 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 agreed to a Town of Greenburgh requirement to have restrictive
covenants going with the land that will insure the affordability of the units for ninety-nine (99) years; and
WHEREAS, on July 14, 2010 the Town Board of the Town of Greenburgh adopted a resolution
authorizing the Town Supervisor to convey the surplus Town-owned “Waterwheel” Property to Ardsley
Waterwheel Partners, LLC for the development of Affordable Housing recognizing the importance of
providing opportunities for adequate and affordable housing for residents, volunteer emergency personnel
and employees; and
WHEREAS, there now exists a contract of sale between the Town of Greenburgh and the
Developer for the conveyance of the Property entered into on or about July 14, 2010, pursuant to which
the Developer tendered to the Town a down payment in the amount of $150,000.00; and
WHEREAS, the 2010 Contract of Sale was subject to a right of first refusal to the County to
purchase the Property and the Westchester County Board of Legislators authorized the County to exercise
its right of first refusal to purchase the Property; and
R 03/12/2013
WHEREAS, the Town of Greenburgh has agreed to sell the Property to the County pursuant to a
certain Purchase Agreement (the “Purchase Agreement”) and the County has agreed to sell the Property to
the Developer pursuant to a certain Sale Agreement (the “Sale Agreement”), subject to a Declaration of
Restrictive Covenants; and
WHEREAS, termination of the 2010 Contract of Sale shall occur upon transfer of title of the
Property from the Town to the Developer, via the County, pursuant to the Purchase Agreement and the
Sales Agreement;
NOW, THEREFORE, BE IT RESOLVED, the Town Board of the Town of Greenburgh hereby
authorizes the Town Supervisor of the Town of Greenburgh to execute the attached Purchase Agreement
and Declaration of Restrictive Covenants, as well as the Deed, which together with the attached Sales
Agreement conveys surplus Town-owned property known as the “Waterwheel” to the County of
Westchester and then to Ardsley Waterwheel Partners, LLC for the development of Affordable Housing,
in exchange for One Million Two Hundred Ten Thousand Dollars and No Cents ($1,210,000.00).

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