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Council approves forms for Camp & Conference Center bulk water agreement to pursue $2.8M SRF assistance
Summary
Lake Placid council approved the form of bulk water and collateral documents and authorized the mayor to sign so the town can finalize an SRF application to fund a potable waterline that will extend service to the Lake Placid Camp & Conference Center; the Camp pledged property and $250,000 as collateral and said it has invested about $750,000 already.
The Town Council voted Jan. 12 to approve the form of several documents related to a potable waterline to serve the Lake Placid Camp & Conference Center and to authorize the mayor to sign them when final. Counsel and representatives for the Camp said the project is tied to an SRF (State Revolving Fund) application and principal forgiveness that would significantly lower net cost for the town.
Matt Taylor, representing…
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