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Board authorizes up to $250,000 in bonds to fund wastewater plant repairs
Summary
Trustees adopted a bond resolution authorizing issuance of debt not to exceed $250,000 to finance repairs at the village wastewater treatment plant, after staff said project costs are preliminary and SEQRA classifies the work as Type II.
The Village of Cold Spring board voted at its March 4 workshop to authorize the issuance of bonds with a principal amount not to exceed $250,000 to finance a set of maintenance and repair projects at the wastewater treatment plant.
Staff described the package as a bundle of projects including replacement of pumps, work on a chlorine contact chamber (estimated at roughly $180,000), and assorted aeration and clarifier repairs. Bond counsel and engineers recommended moving forward with an initial amount of about $250,000 and completing stronger engineering estimates before authorizing any larger borrowing. The board considered SEQRA guidance and concluded the projects were Type II actions exempt from further environmental review.
"I will make a motion regarding resolution 8, authorizing the issuance of bonds and a principal amount not to exceed $250,000 to finance the construction of improvements to the wastewater treatment plant," the mayor said when offering the resolution. The motion was put to a roll-call vote and the adoption was declared by the chair.
