Board approves $900,000 borrowing authorization for Salt Hill bridge
Red Hook’s board adopted a bond resolution authorizing up to $900,000 in serial bonds toward a Salt Hill Road bridge reconstruction with an estimated maximum project cost of $3,950,000; adoption followed questions over contingency and funding splits.
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The Red Hook Town Board on Sept. 8 adopted Resolution No. 46, a bond authorization permitting the town to issue serial bonds with aggregate principal not to exceed $900,000 for reconstruction of the Salt Hill Road bridge over Salt Hill Creek. The resolution lists the project’s estimated maximum cost at $3,950,000 and delegates certain powers to the town supervisor for execution under the Local Finance Law.
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