Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council approves termination of specific covenants for Q West Towers; escrow and developer guarantees to remain until closing
Summary
Mount Vernon’s council approved a resolution terminating certain covenants related to the Q West Towers project conditional on closing; the council and staff said escrow and developer personal guarantees will remain in place to protect the city and the school district will receive upfront payments at closing.
The City Council on June 3 approved a resolution to terminate certain covenants and restrictions tied to the previously approved Q West Towers project, with city officials detailing conditions intended to protect the city if the project fails to close. The motion passed on a roll call with ayes from Comptroller Morton, Council President Brown and Mayor Patterson Howard.
Council and staff described a revert clause in earlier agreements that would have returned property to the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
