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County to take lead on $2M Fair Street sidewalk TAP application after HHFT pledge

Village of Cold Spring Board of Trustees · February 13, 2026
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Summary

After months of outreach, the county agreed to take over the Transportation Alternatives Program application for a roughly $2 million Fair Street sidewalk project; HHFT has verbally committed either the 20% local match or $450,000, and the county will front the 80% reimbursable share pending legislature approval.

Village officials told trustees that the Fair Street sidewalk project has a pathway to move forward after the county agreed to take over the TAP grant application and to front reimbursement funds. Marjorie said the village’s rough estimate for the Fair Street project is, "It's about a $2,000,000 project," with an 80/20 grant structure that would normally require the municipality to carry 20 percent of the cost.

Board members said Housatonic‑Hudson Funding Trust (HHFT) has verbally committed either the local 20 percent share or $450,000; village staff will confirm which amount. The county’s willingness to administer the application and front the 80 percent reimbursable portion would reduce the administrative burden on village staff and allow the project to proceed to the March 15 grant deadline, subject to county legislature approvals.