Tuesday, October 04, 2016
Judge allows process for proposed South Blooming Grove building moratorium to proceed
A judge who stopped a hearing on a proposed residential building moratorium in the Village of South Blooming Grove in August will now allow the process to proceed, the village attorney said.
Village Attorney Dennis Lynch said the judge issued an order last week that will restart the village’s effort to enact a three-month residential building moratorium.
“We have a good development,” Lynch said. “The Bankruptcy Court issued an order.” Now, Lynch said, the Village Board will redraft its proposed moratorium law at its next meeting, which is set for Tuesday, and schedule a public hearing.
The village was supposed to have its hearing on the proposed moratorium law Aug. 22. But Judge Nancy Hershey Lord, who sits in U.S. Bankruptcy Court in Brooklyn, issued a restraining order. Lord acted on a request from Keen Equities, which wants to build a 566-home Hasidic subdivision, Clove Wood, at the former Lake Anne Country Club site on Clove Road. Keen had feared that the moratorium was an attempt to delay approval of Clove Wood while the village changes its zoning to reduce permitted density or otherwise rezone the Lake Anne site.
Lawyers for the developers and the village were supposed to appear before Lord Sept. 15 in Brooklyn. Lynch said the parties worked things out with a conference call, and the judge reached a “stipulation resolution,” allowing the moratorium process to go forward.
Lynch said the village agreed to exclude a number of projects that are already working their way through the planning process, including Clove Wood and a $6.6 million, 39,000-square-foot Sleep Inn hotel to be built on 11 acres off Route 208.
Keen bought the Lake Anne site for $15 million in 2006 to build “multi-family housing to accommodate the growing needs of the Satmar Community in Kiryas Joel,” according to a company statement in court papers. The purchase was financed by a $10 million mortgage from the Greene family, longtime owners of the property. Five years later, Keen defaulted on payments, and the Greenes sought to foreclose. But before the foreclosure could be finalized, Keen filed for bankruptcy protection in November 2013. It then reorganized and reapplied for approval of the project.
http://www.recordonline.com/news/20161004/judge-allows-process-for-proposed-south-blooming-grove-building-moratorium-to-proceed
Village Attorney Dennis Lynch said the judge issued an order last week that will restart the village’s effort to enact a three-month residential building moratorium.
“We have a good development,” Lynch said. “The Bankruptcy Court issued an order.” Now, Lynch said, the Village Board will redraft its proposed moratorium law at its next meeting, which is set for Tuesday, and schedule a public hearing.
The village was supposed to have its hearing on the proposed moratorium law Aug. 22. But Judge Nancy Hershey Lord, who sits in U.S. Bankruptcy Court in Brooklyn, issued a restraining order. Lord acted on a request from Keen Equities, which wants to build a 566-home Hasidic subdivision, Clove Wood, at the former Lake Anne Country Club site on Clove Road. Keen had feared that the moratorium was an attempt to delay approval of Clove Wood while the village changes its zoning to reduce permitted density or otherwise rezone the Lake Anne site.
Lawyers for the developers and the village were supposed to appear before Lord Sept. 15 in Brooklyn. Lynch said the parties worked things out with a conference call, and the judge reached a “stipulation resolution,” allowing the moratorium process to go forward.
Lynch said the village agreed to exclude a number of projects that are already working their way through the planning process, including Clove Wood and a $6.6 million, 39,000-square-foot Sleep Inn hotel to be built on 11 acres off Route 208.
Keen bought the Lake Anne site for $15 million in 2006 to build “multi-family housing to accommodate the growing needs of the Satmar Community in Kiryas Joel,” according to a company statement in court papers. The purchase was financed by a $10 million mortgage from the Greene family, longtime owners of the property. Five years later, Keen defaulted on payments, and the Greenes sought to foreclose. But before the foreclosure could be finalized, Keen filed for bankruptcy protection in November 2013. It then reorganized and reapplied for approval of the project.
http://www.recordonline.com/news/20161004/judge-allows-process-for-proposed-south-blooming-grove-building-moratorium-to-proceed
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