Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Land Conservation topic
No spam. Unsubscribe anytime.
Silver Plume approves $32,000 bridge loan to close Taylor Kennedy land acquisition
Summary
The board unanimously approved a $32,000 bridge loan to cover shortfalls tied to the Taylor Kennedy land acquisition (conservation easement and pledged funds) pending GOCO and NOCO reimbursements expected in mid‑May.
The Silver Plume Board of Trustees on April 13 approved a $32,000 bridge loan to cover outstanding costs associated with the Taylor Kennedy land acquisition while grant reimbursements arrive.
Cindy Neely presented a letter listing outstanding bills related to the land purchase and conservation easement. Neely said some pledged funds and grants (GOCO and NOCO) have not yet been received, creating a $32,000 shortfall; she asked the Board for a bridge loan to float the conservation easement and related bills until reimbursements arrive. Neely estimated the conservation easement cost budgeted at $10,000 will likely be closer to $7,500 but said final figures were not yet available.
Mayor Berenato said the NOCO funds—expected mid‑May and estimated at $37,000—would reimburse the bridge loan in short order. Trustee Martin Gitlin moved to approve the $32,000 bridge loan; Trustee Gitlin’s motion was seconded and carried unanimously.
Board discussion touched on which entity would be billed for EMS services on town property and a reminder that restricted funds remaining after reimbursements were expected to be used for park signage and incidental costs.
