1966-05-26 - Laserfiche WebLink

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49 The Special Meeting of the Village Board of Trustees was held on May 23, 1966, at ?:30 P. M. at the Mesier Homestead. Those present: Mayor Furnari, Tr. VanVoorhis, Tr. DiDom~zio, Tr, Bain, Tr. Lawrence, Tr. Napoleom, Tr. Sabia~ and Attorney MacDonald. Purpose of the meeting to discuss the purchase of the Wappingers Lake. Mayor Furnari gave resume of proceedings stating Committee had been appointed and Mr. Dolan and Mr. Breault acted as Co~ Chairman. Lake Committee m~de the following recommendations: 1. purchase the lake to Red Oaks Mills; 2. purchase the lake with State funds; 3. close gates if water is drawn below the 1~ inch restricti?n$ $. close gates during the months of JULY, August, September, 5. repair the dam; 6. decide on a referend?,m. Mayor Furnari reported two appraisals to repair the dam were m-de: 1. was to resurface the dam and amounted to $35, 000; 2. was a new dam and its cost would be $135,O00. Mayor Furnari reported Village Attorney had previously been instructed to acquire material on various aspects on the acquisition of the lake to finalize proceedings. Attorney MacDonald reported 2 methods available to purchase the lake: 1. if done without annexation, Village would have to acquire exemption of tax from the two municipalities involved; 2. if done through annexation, two methods would be available; 1. B.N. & A. ReAlty Corp. could petition for annexation or 2. Village comld annex. Attorney MacDonald discussed financing plan should Village purchase the lake. If done through state funds, Village would be advanced $100~000 and be required to reimburse $25,000, within 6 months, to the .State. Lake could also be purchased through the sale of bonds. He reported the Dept. of Law passes on Title Matters and expenses in this process can be reimbursed up to 75 per cent. He reported appraisal cost at $500 and two cloth tracings at $200. He stated appraisal is required by the State Comptroller's Office. He reported appraisal ~mst set forth that 12 inch level won't reduce the asset of the purchase. Tr. DiDomizio inquired about bond being floated with 12 inch restriction through Village Funds, and Att. MacDonald replied yes. He stated that to purchase the lake would be through preparation of' proposed contract including details, attached to an option, set to expire the day after referendum. If referendum passes the Mayor signs contract, if not option expires.