Mamaroneck Village Settles with MBYC for $825K

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The Mamaroneck Beach and Yacht Club has won a $825,000 settlement from the Village of Mamaroneck.  Village Mayor Norm Rosenblum tells theLoop,

 

 

 

 

 

 

 

 

 

in an email, " The Village of Mamaroneck has successfully entered into a stipulation agreement that will mitigate the potential $30,000,000 judgment against the Village. While certain terms of this agreement are subject to final review and approval by the Planning Board, I am confident that we have taken action to protect the Village residents from a possible disastrous financial obligation. The agreement was a primary goal of my candidacy and will close the six year old case to the benefit of the entire Village and help all, and in particular, our senior citizens and new home owners, stay in the Village to enjoy a great quality of life. The charm and character of our Village remains intact and we all will continue to bring the best to our community."

Manager Richard Slingerland says attorneys are finalizing the documents. This will settle years of litigation surrounding the Club’s desire to build seasonal housing units on the property.

 

According to Slingerland, the details of the settlement as they stand include the following:

 

$825,000 settlement payment, the vast majority of which will be covered by insurance;

 

$34,500 as the settlement of ten years of tax certiorari lawsuits, which will have to be formalized by the Board of Trustees on Monday, September 13, 2010;

 

A total allotment for development of 23 units, with 4 in the clubhouse, 16 units on the beach side, 3 residences by Otter Creek;

 

A requirement that the amended site plan application with the unit count listed above must be submitted to the Planning Board and the Architectural Review Board, to go through the review process.  A separate application for a boat-dock perimeter permit submitted to the Harbor and Coastal Zone Management Commission is not covered by the stipulation, because it is still in the review process.

 

Final Settlement Document

 

 

 

 

 

 

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