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Rye council accepts clean audit, approves multi‑million dollar bonds and several contracts
Summary
At its June 11 meeting the Rye Town Council accepted an unmodified FY2025 audit and approved a package of bond authorizations totaling new borrowing requests and project-specific contracts for parks, an Otter Creek bridge supplement and a move to 111 Southridge.
The Rye Town Council voted to accept the town’s fiscal year 2025 audit and approved a set of bond resolutions and contract authorizations covering park improvements, a bridge reconstruction and furnishing for a municipal relocation.
Jeff Shaver of PKF O'Conor Davies presented the audit and said auditors issued an "unmodified opinion" — a clean opinion — and reported no material weaknesses or fraud. He told the council that general fund revenues were about $6.69 million versus a budgeted $7.12 million and that the town ended the year with an approximate $4.4 million fund balance, about 49% of the 2026 budget in unassigned funds.
After the presentation, the council voted to accept the audit report on a roll call with Councilpersons Pamela Jaffy, Randy Sier and Thomas Nardy and Supervisor Gary Zuckerman recorded as voting in favor.
The council then reviewed a multi-part bonding package and approved three primary bond authorizations:
- $650,896 in serial bonds to finance acquisition and reconstruction work at Rye Town Park (roll call approved). - $259,000 in additional authorization related to the Otter Creek bridge reconstruction to cover known additional engineering and preparatory costs; staff said prior borrowing for Otter Creek was $1.4 million and the town expects state reimbursement for most eligible costs. - $1,963,000 to furnish and equip facilities at 111 Southridge (includes move and related outfitting).
Council discussed procedural items (an amendment to publication language to remove a defunct newspaper) and the mechanics of fronting costs for large bridges and drawing down grants once bids are received. In each case the roll-call votes were recorded as 'yes' by the same four members.
Other approved actions included appointment of Paul Rosenberg to the Board of Assessment Review, awarding a contract for a Crawford Park paver path, renewal of the kitchen concession with Tara Tannabal, and authorization of an easement enabling the Village of Mamaroneck to pursue flood‑mitigation grant work tied to Beaver Swamp Brook.
The council also approved tax-settlement resolutions for properties including a negotiated settlement for 250 Boston Post Road (TD Bank) and a single-year correction related to Dale/Arrowwood parcels; staff said stakeholders including the school district and villages were consulted in those settlements.
Next steps: staff will implement the bond authorizations, finalize contracts, and return with schedules and any required follow-up documentation or grant match information.
