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90-992 - USA v. Island Park, et al


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90-992 - USA v. Island Park, et al
November 3, 2008
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MEMORANDUM AND ORDER, final judgment is hereby directed to be entered against The Village in the amount of $974,188, reflecting double the amount of mortgage subsidies paid by HUD pursuant to 235, less the amount recaptured after the bar date, $4,240.000. reflecting a $2,000 statutory penalty for each of 2,121 mortgage subsidy payments made after the bar date; $163,346.88, reflecting double the amount of CDBG funds expended in connection with the 235 program; and $14,000, reflecting a total damage award of $5,393,534.88. In addition, injunctive relief as recommended by Magistrate Gold and adopted as herein discussed is granted. Ordered by Senior Judge I. Leo Glasser on 10/22/08. (Sica, Michele)