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Cold Spring board approves bond authorizations for land purchase and dam engineering
Summary
Trustees approved two bond resolutions: one to finance parcel acquisition and another to fund preliminary plans and design for the upper Cold Spring Dam (the board recorded the votes by roll call).
The Village of Cold Spring adopted two separate bond resolutions on March 25 to finance land acquisition and preliminary engineering work for the upper Cold Spring Dam.
During the meeting the board read and adopted a bond resolution authorizing issuance of bonds to finance acquisition of the parcel(s) needed for dam access. The board noted a supermajority was required and recorded approval by roll call (vote recorded as four in favor, none opposed, one absent). Later the board read and adopted a second bond resolution authorizing the issuance of bonds not to exceed $375,000 to finance preparation of preliminary plans, specifications and design work for proposed improvements to the upper Cold Spring Dam; that resolution passed by roll call (4'0yes, 0'no, 1 absent).
Trustees asked procedural questions about vote type and the clerk conducted roll-call voting. The board characterized the day as a significant step toward advancing dam-safety work and associated financing.
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