Developer Pleased With Report

We are pleased that the Mayor's Committee on St. Paul's has submitted its report analyzing AvalonBay's proposed development plan for the Main Building at St. Paul's to the village board, and that the report has recommended that the proposed plan be presented to Garden City residents for review, comment and a vote.

After several months of detailed discussions on a number of development options, the report marks the completion of a lengthy and comprehensive process designed to refine AvalonBay's preservation plan for St. Paul's.

We are also pleased that AvalonBay has been able to offer a plan to save St. Paul's that contains a proposed financial deal for the village that has been determined to be 'fair and equitable' by the village's independent financial advisor.

As the public review process moves forward, AvalonBay will be reaching out to village residents to discuss the plan to save and preserve St. Paul's, which will include Open House Information Forums in September. The forums will provide an opportunity for residents to meet directly with AvalonBay and its consultants to discuss all of the elements of the preservation plan in detail.

In the meantime, residents can find out more about AvalonBay's preservation plan for St. Paul's by going to a special website, www.AvalonAtStPauls.com, that provides a wide range of information and background material on the plan.

We look forward to discussing AvalonBay's plan to save St. Paul's, a unique and historic treasure, with village residents in the months ahead.

Matthew Whalen

Vice President for Development

AvalonBay Communities