Brooks wants Medley tax deal ended if developer misses May 1 deadline

by

comment
Monroe County Executive Maggie Brooks says she'll ask COMIDA to rescind the tax agreement granted to the developer of Medley Centre in Irondequoit if the developer doesn't meet a May 1 deadline to make good on payments. 

Brooks made the announcement during her State of the County address tonight. It's Brooks's 10th address. 

The Town of Irondequoit, East Irondequoit school district, and Monroe County Industrial Development Agency have issued an ultimatum to Bersin Properties, Medley's developer. They gave Bersin until May 1 to make good on $3.9 million in outstanding payments, or the town and school district would ask COMIDA to terminate the tax agreement. 

Specifically, Bersin Properties failed to make its annual payment under a payment-in-lieu-of-taxes agreement with the three government bodies. And it also failed to make a $3.5 million penalty payment, which it owes because last year it missed a $165 million investment milestone in the project.

Scott Congel of Bergin has asked for an amended PILOT agreement, saying in letters that the current agreement is an obstacle to getting financing for the project. 

UPDATE 8:50 p.m. — Irondequoit Supervisor Adam Bello, who attended tonight's address, welcomed Brooks' announcement. He said he expects that when it meets next week, the Irondequoit Town Board will also authorize him sign off on legal action, should Bersin Properties fail to pay what it owes.


"I'm glad they're working with us and joining with us," Bello said.

Add a comment