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Valley Stream authorizes Downtown Revitalization grant application and reviews municipal agreement with Town of Hempstead

Village of Valley Stream Board of Trustees · October 7, 2024
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Summary

Board authorized a New York State Downtown Revitalization Initiative grant application and heard from counsel about a municipal agreement with the Town of Hempstead dividing fees roughly by project area (about 90% town / ~10% village); fire/drill tower insurance and a separate 'Calhoun' matter were slated for follow-up and executive session.

Trustees authorized the village to apply for New York State's Downtown Revitalization Initiative, a competitive $10 million program in which 10 regions compete for awards; Speaker 1 said the village will prepare a strategy to increase its chances of success. Speaker 4 described the program and the regional competition.

General counsel briefed the board on a municipal agreement between the Village of Valley Stream and the Town of Hempstead related to a drill/practice tower that lies mostly in the town but partially in the village. Speaker 2 said the project is approximately 90% in the town and about 10% in the village and that fees will be apportioned according to that split; counsel added contract language to address village concerns and emergency provisions. Speaker 2 also discussed ongoing insurance and paperwork issues related to the fire/drill tower and said the matter should be ready for the regular meeting after additional counsel input. A separate matter identified as "Calhoun" will be discussed in executive session, according to the transcript.