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COMIDA finds Medley Center developer in default

Rochester Business Journal
May 2, 2014

The County of Monroe Industrial Development Agency on Friday formally charged developer Scott Congel with defaulting on his company’s Medley Centre lease and threatened to terminate the agreement if all back taxes and required investments are not made.

Congel’s Bersin Properties LLC owes $3.87 million in property taxes, officials with the town of Irondequoit have said, and has failed to invest at least $165 million in the property as required as part of its payment in lieu of taxes agreement through COMIDA.

“Attorneys from COMIDA and all government partners involved met this morning to begin the process of holding the developer accountable for all the moneys owed under the PILOT agreement,” Monroe County Executive Maggie Brooks said in a statement.

“Monroe County considers this the commencement of legal action and, to avoid impacting potential litigation, we will be withholding further comment until a final resolution is met.”

Town and county representatives set a May 1 deadline for Congel to make the required payments to avoid ending the lease agreement.

Irondequoit Supervisor Adam Bello, who initiated the deadline strategy, sent a letter to COMIDA Thursday requesting the termination of the lease arrangement.

“It is our collective responsibility to protect taxpayers by enforcing tax abatement agreements, thereby ensuring residents receive a return on their investment,” Bello wrote.

“With the termination of the PILOT, we can ensure that taxpayers are no longer subsidizing Bersin Properties’ stalled redevelopment of the former Irondequoit Mall.”

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


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