Professional Documents
Culture Documents
2% Tax Cap Era, landlords are finding that municipalities are forced to decrease
services notwithstanding the extremely high property taxes as a result of unfunded
mandates by the federal and state govemments. All of these factors make it difficult for
landlords to do business. successfully.
Meanwhile, national and/or regional chains
frequently posses better credit ratings and can afford higher rents to offset landlord's
prior investments and current debt service. Ultimately, these better credittenants allow
landlords to take risks on other tenants, who are often the ones providing the
idiosyncratic character. In addition, we all know anecdotally and statistically that retail
requires anchor-drawing tenants that provide essential services such as restaurants,
food markets, and pharmacies. Thus, a blend is essential. The proposed local law
prevents such a blend.
Based on the genesis of the prior law and this amendment, it seems that there is a
significant aspect to these laws seeking to prohibit so-called Formula retail. Yet. I am
uncertain as to how the 9th DeCicco's Family Market proposed for 122-138A Bedford
Road in the Katonah hamlet and the existing Mrs. Greens located at 186-252 Katonah
Avenue on property owned by an Urstadt Biddle affiliate known as UB Katonah LLC,
which is 1 of 20 Mrs. Greens in the Natural Markets Food Group, harm the character of
Katonah. Instead, I would suggest that these tenants in many ways define the essence
of Katonah. These tenants cannot expand, extend or enlarge without risking their legal
non-conforming status if this local law is approved. Moreover. as a landlord. per Zoning
Law Section 125-110 no permit shall be issued that will result in the increase of any
dimensional non-conformity.
I also am concerned as to how this local law will hamstring the redevelopment of the
Bedford Playhouse property located at 633-647 Old Post Road in the Bedford hamlet.
which is owned by Alchemy Bedford LLC who has taken an unprecedented risk on the
newly formed Bedford Playhouse not-for-proflt.
Additionally, this local law could serve as a potential further impediment to the newly
formed Bedford Hills Live Public Forum that had its first professionally facilitated
meeting earlier this month.
The proposed local law will further exacerbate a challenging and slowly recovering local
real estate market. Ironically. this local law will create conditions contrary to risk taking
by the landlords on small and local tenants who are undercapitalized. and it could
frustrate grass-roots efforts by the newly formed Bedford Playhouse Inc and the Bedford
Hills Live Public Forum. I would welcome the opportunity to meet with any member of
the Town Board. Planning Board or Town Staff to discuss these issues further. Thank
you for your cooperation and consideration in this matter.
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