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Echo Bay Discussion Tuesday Moves New Rochelle Closer to Agreement

The City Council will talk about a restated memorandum of understanding for the 11-acre site.

The fate of Echo Bay and the New Rochelle Public Works department will be discussed at Tuesday's City Council meeting.

The city has proposed entering into an agreement with Forest City Residential that would allow the developer to begin an environmental review of a proposed development on the 11-acre site located on the waterfront.

City Manager Charles Strome III said the council will discuss a restated memorandum of understanding between the city and Forest City, but will likely not take any action on it until its April 17 meeting.

Under the proposed agreement, the city will deal exclusively with Forest City in connection with developing the site for a period of time not to exceed 18 months.

If the agreement is approved, both the city and the developer will be under time constraints.

For example, the city has one month after the agreement has been executed to draw up a request for proposals for the Armony. The city must also approve an outline—or scope—for the developer to follow in its environmental review in two months. A design for the relocated City Yard would have to be completed within four months after the MOU is executed and financing arranged two months after that.

After the scope is approved, Forest City would have six months to come up with a draft environmental impact statement, and then two months after that to enter into an agreement with the city to purchase the affected parcels.

The environmental study will be paid for by Forest City. The developer will also be required to set up an escrow account initially at $75,000 to cover any of the citys third-party costs.

Forest City has proposed building 200-300 residential units and 25,000-50,000 square feet of retail at what is now City Yard on East Main Street.

Martin Sanchez April 10, 2012 at 11:10 AM
Mayor Bramson and the City Council will discuss Tuesday the beginning process of contaminating the West End of New Rochelle. Please come and speak up and Speak Out. Tuesday 7:30PM in City Hall. Don't let the Mayor run the lives of children living in the West End.
Martin Sanchez April 10, 2012 at 11:11 AM
Mayor Bramson and the City Council will discuss Tuesday the beginning process of contaminating the West End of New Rochelle. Please come and speak up and Speak Out. Tuesday 7:30PM in City Hall. Don't let the Mayor ruin the lives of children living in the West End.
Billy L April 10, 2012 at 01:13 PM
I'm so annoyed by this. My family has lived up the West since 1900 and it's one thing after another with the city dumping on us. Not to mention, I live a few hundred feet from the new proposed site...
Billy April 10, 2012 at 03:20 PM
Pilot payments = NO Taxes- School, County & a small amount for the city! And that's on top of the $1 million in loan/bond payments the city will have to pay to move city yard. What's the benefit to the city? 20 years worth of debt payments? Time to start laying off the cops now so the we're ahead of the game. Is there anyone besides Bramson pushing this deal?

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