The mayor has called for a Special City Council Meeting to be held Wednesday, March 27, to address the overdue rent.
Troy, NY (March 26) - Mayor Carmella Mantello was informed of a past-due rent accumulation of $226,807.80 when she took office that must now be paid. This past due balance represents unpaid rent charges for the end of 2022 and all of 2023, which the previous administration failed to address. Under the terms of the lease, if the lease expired without an extension, the City’s rent increased by $15,120.52 per month. The previous administration did not pay the full holdover rent during part of 2022 and all of 2023. The City Council will be acting on the mayor’s legislation tomorrow evening at a Finance and Special Meeting.
“My administration continues to address financial, infrastructure and maintenance issues which were simply brushed aside and unaddressed,” said Mayor Mantello. “Paying this overdue rent is key as we move forward with our City Hall RFP.”
The RFP for a new City Hall location will be issued in the very near future. In the meantime, the city is negotiating an extension for the current City Hall site. Many people, including the landlord, have reported that the current City Hall location on the fifth floor of 433 River Street was meant to be temporary.
“It is time we find a permanent home for Troy City Hall,” Mayor Mantello said. “We want City Hall to be a place that all citizens of Troy can be proud of.”
The city hopes to receive a wide range of proposals for potential City Hall sites.
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