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Board adopts resolution to authorize Supervisor to execute $2.7M Clean Water SRF financing for Route 12 sewer project
Summary
The board read and adopted a resolution designating Supervisor Brent Sweet as the authorized representative to execute financing documents with the New York State Environmental Facilities Corporation for the Route 12 Sewer District 2 project, tied to a $2.7 million financing package.
Rob Kennedy presented a resolution for the Route 12 Sewer District 2 project that would authorize the supervisor to execute financing agreements with the New York State Environmental Facilities Corporation under the Clean Water State Revolving Fund program. Rob said the board received documents back from the attorney and that the financing step is part of Phase 1 of the project.
Rob read the resolution outlining that the Town Board must designate an authorized representative to execute the financing agreement and related documents with the state agency. He said the town had received $2,700,000 in funding that requires the board to certify and designate an authorized signer.
A motion to adopt the resolution was made by Ken and seconded by Chris. The chair called for a roll call; the board took the roll and the motion was adopted. The resolution designates Supervisor Brent Sweet as the town's authorized representative to execute and deliver the financing agreement and any amendments for the Route 12 Sewer District 2 project.
