Waterfront development deal is official

Feb 27, 2014 at 01:13 pm by Observer-Review


Waterfront development deal is official   ADVERTISEMENT

Waterfront development deal is official

PENN YAN—The Yates County Legislature and the village of Penn Yan came together Wednesday, Feb. 26 to sign the Penn Yan Marine development agreement. County Chairman Tim Dennis (left), developer Chris Iversen (center) and Penn Yan Mayor Bob Church (right) each signed the document making the agreement official. The deal outlines what each party is responsible for when it comes to infrastructure, remediation and development work at the site.
Church previously said the 14.7 acre site was taken over by the county for non-payment in 2002 and has been off the tax roll since 2003. He said in order to have future development at the site, there needs to be a brownfield cleanup project, which will be handled by the developer.
The agreement terms are as such:
• The County will give the property to the village with the understanding the village will complete the infrastructure.
• The village will agree to sell the property to Keuka Development.
• Keuka Development will clean up the property.
• Keuka Development will build 36 condominiums with a marina at the site.

 

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