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Dominican Magic proposes multi-month payment plan as Mount Vernon IDA weighs collection and agreement terms
Summary
The owner of Dominican Magic proposed a series of payments to bring delinquent PILOT and administrative fees current. Board members asked staff to investigate how much of the company's operations and sales tax activity occur in Mount Vernon versus Yonkers before deciding on any modified collection terms.
The owner of Dominican Magic has proposed a multi-month payment plan to address outstanding PILOT and administrative fees, Mount Vernon IDA members said during the Feb. 13 meeting.
Darius (staff) told the board he had received an email from the Dominican Magic owner and had discussed structuring a payment plan that would begin with a $20,000 payment followed by $10,000 monthly payments for six months to reduce arrears. Darius said the owner cited…
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