White Plains CitizeNetReporter - JPI: Give Us to Oct. 1. New Mix at Church & Barker. Earl Gives Us the #'s

WPCNR Common Council Chronicle-Ledger. By John F. Bailey .January 21, 2003: The Common Council heard a request from JPI of Dallas Texas Tuesday evening to extend the organization's site plan approval until October 1 of this year. They also were shown a "Site Stablilization Plan" to prepare the site for "land-banking" should the Dallas apartment developer not secure an additional $20 Million in financing it seeks by May 31 of this year.

In other action, James Glatthaar, speaking for David Seltzer, designated developer of "The Hamilton" project planned for the Church Street and Barker Avenue lot said that it has met the city's ultimatum of "show us financing in 7 days or your out," and that it hopes to showcase a new "marketing mix" for the apartment complex by Friday. That mix would move apartments from mostly 2-bedroom with den, to 1-bedrooms with dens, a atttempt to appeal to more young singles and couples.

In the final event of the evening, outgoing Budget Director, Eileen Earl presented her last city budget prognosis in her usual meticulous, comprehensive style. The news was not good.

The city faces a $1.7 Million Sales tax gap and the prospect of double-digit increases in pension and health benefits, as well as a declining unallocated fund balance. She noted that in a best case to worst case scenario, there could be an increase in the city property tax ranging from 5% to 15%, depending on how the sales tax numbers come in over the last two quarters of the fiscal year which ends June 30. receipts. Her litany of pressures on the budget were sobering. She cautioned the media not to sensationalize the tax increase prospects, that her figures were simply preliminary and were meant to give a snapshot of the budget.


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