Debra Cohen to Phil Zisman - Re: Dennis Lynch.
Attorney at Law
470 MAMARONECK AVENUE SUITE 400
WHITE PLAINS, NEW YORK 10605
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TELEPHONE: (914) 478-1623
FACSIMILE: (914) 693-8287
dsc9101@aol.com
February 1, 2006
Mr. Philip A. Zisman
Inspector General
City of Yonkers
City Hall
Yonkers, New York 10701
Dear Inspector General Zisman:
Yesterday I wrote to you inquiring whether Dennis Lynch, Esq. had complied with your request for a legal opinion regarding the Yonkers IDA’s power to make loans, including its 2002 loan of $670,000 to Yonkers Baseball Development Inc.
In my letter, I indicated that time was of the essence. The need for an immediate clarification of this issue is now supported by a report last night on News 12, and an article in the Journal News today, stating that Mayor Phil Amicone will sign a downtown development agreement tomorrow with a newly formed development group that may include the ballpark project.
Based on the provisions of an earlier master developer agreement, it is possible that this new agreement will contain a clause wherein the developers reimburse certain expenses of the YIDA, Yonkers Baseball and the City of Yonkers including, potentially, this $670,000 loan. It would seem in the best interest of all concerned to have a clarification of the legal status of this loan prior to the Mayor entering into an agreement requiring private developers to assume responsibility for its repayment.
Thank you for your continuing efforts to address this issue of public concern.
Very truly yours,
Debra S. Cohen
cc: Dennis E.A. Lynch, Esq. – Counsel to YIDA and YBD
Office of the New York State Comptroller
Office of the New York State Attorney General
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