It seems the West Vincent Township meeting of March 26, 2012 was
worth attending. Please read a letter submitted about the old
township property that is slated for development under the name
“Birchrun Village”. http://chestercountyramblings.wordpress.com/2012/03/27/all-roads-lead-to-problems-in-west-vincent/
That letter seems to cover quite a few concerns and legal
aspects of what the new owners and township should be looking at
instead of shoving it through. With all the concerns listed,
only a new traffic study was ordered.
Also read an article from the Daily Local News:
Next: It looks like the Dunn Family will be paid for their
Transferable Development Rights. Here is the abbreviated
A deal was signed on January 25, 2005 to purchase 52 of 62 TDR's
for $1,336,400.00, which is $25,700 per development right.
On an undisclosed date, the Dunn's were given $50,000, listed as
an “Option Purchase” with no amount of TDR's listed.
On November 30, 2009, the township of West Vincent defaulted on
On November 30, 2011, the time elapsed for the Dunn's right to
At an unknown time after November 30, 2011and with no leverage
on the Dunn's part, the Township negotiated a new deal.
On 3/26/2012, the Township voted on that agreement, which will
set dates for the Hearing. The Township will now pay the Dunn
Family, $1,163,470.00 for 55 Development Rights, or $21,154 per
development right. The $50,000 deposit is being deducted from
This is a bittersweet end. After exposing this issue, I believe
the Township had no choice but to come back to the table and
make a deal with the Dunn Family. The Dunn Family now will get
their money, although less than what was agreed to originally. I
guess it DOES pay to not honor contracts. Be careful when
working with West Vincent Township.A contract means nothing to
I don't count on this deal being finalized for 2-3 months. One,
there is not enough money to pay the Dunn Family in the Open
Space account. Two, the money will not be available until the
NEW Bond issue is complete. Remember, the Township had to borrow
all the money saved from interest reduction, plus another
$200,000, for a total additional borrowed amount of around
$950,000. Most people do not know that the balance of the monies
from the current Open Space Bond were required by law to be
spent within 3 years, far before this agreement (as stated by
the bond representative at the township meeting) but perhaps
after the re-fi deal, that restarts the clock?
Don't forget Monday's SPECIAL MEETING for the PAM BROWN
Ordinance. Please attend.
To see my previous mailings please click on http://tinyurl.com/westvincentinfos
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