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Letter of Intent – Water Supply to TND Hoffman Residential Project

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Inline resolution2014-11-10#22-2014
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Letter of Intent – Water Supply to TND Hoffman Residential Project

Resolution #22-2014 — 2014-11-10

WHEREAS

  • The Village of Red Hook is in accord with the Centers and Greenspaces concept
  • At this time it is the intent of the Village to supply water to the proposed TND Hoffman Farms project

RESOLVED

  • A letter of intent is issued for water supply to the TND Hoffman Residential Project
  • This letter of intent does not waive any rights of the Village or any applicable regulation or law
  • The letter is contingent on a formal district being created by the developer; capacity consideration and availability at the Village source/supply; supply pricing agreements to be determined later; and cost such as engineering and legal time be paid in escrow to the Village
  • The Village recognizes options to enable viability of the project including district annexation, a town water district, a county zone of assessment operated by the Dutchess County Water and Wastewater Authority, or the establishment of another formal water district