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Ulster County committee advances Golden Hill transportation work and developer reimbursement agreements
Summary
The committee approved budget amendments and contracts to advance the Golden Hill project, including a contractor award, a developer reimbursement agreement tied to federal funding, and a subrecipient pass‑through that depends on federal dollars for water‑supply improvements.
The Ulster County legislative committee advanced a package of actions to support the Golden Hill development, approving a capital amendment, related construction and developer reimbursement contracts, and a subrecipient pass‑through contingent on federal funds.
Committee members approved an amendment to the capital improvement program to add $564,597 for Golden Hill transportation improvements, primarily to cover a signal at Route 32 and Golden Hill Drive. Staff explained the amendment includes construction inspection, contingency funding and will absorb differences between bid amounts and project totals.
A contract with Jury Excavation Inc. was approved for $489,579 to perform construction work on the project. Separately, the legislature approved a $20,000 agreement that formalizes Penrose Developer LLC’s prior pledge to reimburse the county a minimum of $300,000 toward the signal and up to $500,000 if additional federal funds are secured. Staff said the county would recoup up to $500,000 if federal monies are received and passed through to the developer as a subrecipient payment.
Committee members were told that a separate $679,100 subrecipient agreement with Penrose would use a portion of a $1 million allocation to finance necessary water‑supply improvements required for fire‑flow compliance. Staff cautioned that if federal funds do not materialize, Penrose would need to cover the costs or borrow to complete the necessary work; the county’s ability to reimburse Penrose depends on the federal funds arriving.
Directors walked the committee through how the funding flows would operate and said they are continuing to negotiate contingencies and reimbursement language to protect county interests. The motions to approve these items were moved, seconded and adopted by voice vote.
