For Immediate Release from the

Office of the Supervisor

November 17, 2011

Developer Mike Fareri Sues Town and Armonk Square

Developer Mike Fareri as Managing Agent for 37 Maple Avenue LLC has filed suit against the Town and the owners of Armonk Square.

This article 78 proceeding seeks annulment of a local law and various resolutions in connection with the plan to develop a supermarket, retail uses and residential uses on property located at Maple Avenue, Main Street and Bedford Road in Armonk known as Armonk Square. Claims asserted include that the Town’s actions were arbitrary and capricious.

Fareri’s self-serving action is contrary to his assurance to the community at the September 14, 2011 Town Board meeting when he told the Board and the community that he had no problem stepping back and waiting until sometime in December to see if the owners of Armonk Square could make a deal satisfactory to the Town. Fareri stated that if Armonk Square got a lease and approvals by the end of the year then “so be it.”  In addition, Fareri’s self-serving action contradicts his November 2011 lengthy letter to residents in which he claimed he only wants what is best for the Town.

The owners of Armonk Square have a signed lease with DeCicco Family Markets. The Groundbreaking Ceremony was held on October 22, 2011. A grocery store in Armonk is in the best interests of the community. A grocery store in Armonk Square would revitalize downtown Armonk. In addition to serving the grocery needs of our community, it would provide new assessables to help relieve future taxes. If the lawsuit successfully slows the project long enough, the new grocery store could be delayed for up to 18 months or possibly not built.

Is delaying Armonk Square really in the best interests of North Castle?

Sincerely,

William R. Weaver, Supervisor