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COMIDA issues letter of default to Medley Centre developers

Updated: 05/02/2014 1:52 PM
Created: 05/02/2014 10:55 AM WHEC.com

It's another step in ending the the Payment In Lieu of Taxes (PILOT) agreement for the developers of the Medley Centre in Irondequoit.

Today, County of Monroe Industrial Development Agency (COMIDA) sent a letter to Bersin Properties stating that the developer is in default of the PILOT agreement by failing to pay the $3.8-million in missed and late payments by a deadline of May 1.

Monroe County Executive Maggie Brooks issued a statement Friday saying, “COMIDA today issued notice of PILOT default to Medley Centre’s developer, delivering on Monroe County’s promise to protect taxpayers if all payments were not made in full by May 1. Attorneys from COMIDA and all government partners involved met this morning to begin the process of holding the developer accountable for all monies owed under the PILOT agreement. 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.”

Managing Partner of Bersin Properties, LLC. Scott Congel said, "Unfortunately, given the parties’ disparate views, judicial intervention does appear to be inevitable.  Nonetheless, we believe the lawsuit threatened by the taxing jurisdictions  not only will  fail to produce the results they desire ,  but it is not legally supportable."

Thursday night, Irondequoit Town Supervisor Adam Bello told News10NBC the Town is done giving tax breaks to the owners of Medley Centre and that a $300,000 payment by Bersin Properties' yesterday was not enough. Bello said he sent a letter to COMIDA asking the agency to terminate the tax breaks. On Friday, the East Irondequoit School Board sent a similar letter to COMIDA.





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