Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Timeline Finance topic
No spam. Unsubscribe anytime.
Staff outlines tight timeline and financing path for Sherrill pool rehab
Summary
A city staff member told the commission the state is ready to execute the grant disbursement agreement but needs proof the commission has approved financing; staff gave a schedule aiming for engineering in summer 2026, construction in 2027 and pool reopening in 2028, and said the proposed financing need not raise taxes by rolling existing debt service.
A city staff member told the commission the state prepared a grant disbursement agreement (GDA) and is waiting for documentation that the commission has approved the financing portion before anything can be executed. "So right now, what's holding up it's it's called a GDA, grant disbursement agreement from New York State. April 15 was the 1st day that anything can actually be executed. The state is ready. They've got a document prepared. They're waiting on the city to provide them documentation that the, the commission has approved the financing portion," the staff member said.
The staff member walked through an illustrative schedule: engineering mid to late summer 2026, bids late 2026, construction beginning in 2027, splash pad open by Mother's Day 2028 and the pool by Father's Day 2028. He said the plan does not require a new tax increase because the city anticipates retiring existing debt service (for example debt tied to the DPW garage) and rolling that service into the pool borrowing, though the exact term (15 or 20 years) remained to be decided.
