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Supervisor's Update - June

posted Jun 17, 2014, 12:10 PM by Web Master
Hello Tuxedo,

Our lawyers and consultants continue to gather critical data and information, as they have for the past several weeks. A presentation of their analysis to the Town Council will occur on Wednesday June 18th at 7:00pm in the George Grant Mason Elementary School’s multi-purpose room. Our financial consultant, Alvarez and Marsal, and our attorneys from Stroock, Stroock, and Lavan will be presenting. While this is a presentation to the council, the public is invited to attend and observe the presentation. I urge everyone to attend in order to better understand the facts, benefits and impacts associated with the resort project.

Everyone’s input remains invaluable to the process and I welcome your emailed comments and suggestions. All of your emails are being forwarded to our consultants for analysis, so if you haven’t submitted comments, please send them to resort@tuxedogov.org. This is a defining project for Tuxedo and you should make your voice heard.

During our regularly scheduled town board meeting to be held on June 23, 2014 we will have a public hearing regarding changing our current zoning law to allow gaming as a permitted use for the subject resort property. Notice of this proposed change was filed with Orange County, as required by law. Read more here: http://www.tuxedogov.org/News

This will be a very important week in the process, as we work to finalize the Town’s agreement with the developer, referred to as a “Host Agreement.” The host agreement sets forth tangible benefits that the town will receive for permitting this project to move forward. Some of the benefits being negotiated will accrue immediately, while others will be received over time. All of the benefits will be guaranteed, pursuant to the agreement. It has been my approach to maximize the benefits of this unique business opportunity, while establishing safeguards to protect our great town.

I anticipate Town Hall to be a beehive of activity this week as our consultants guide us through the finalization of the Host Agreement and the process of fully vetting the project and securing the safeguards necessary to protect Tuxedo. 


Best Regards,
Michael Rost
Supervisor, Town of Tuxedo
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