Water Supply Agreement for Hoffman Farms Project
Resolution #24-2016 — 2016-09-12
WHEREAS
- the Town Planning Board, acting as lead agency in a coordinated review of the Hoffman Farms residential development project, has adopted a determination of non-significance and has granted conditional subdivision, site plan, and special use permit approval to the project, as described in the Town Planning Board conditional approval resolution dated August 15, 2016
- the Village of Red Hook has previously indicated its intent to sell water for the Hoffman Farms project
- the project is outside the Village's water service area
- the Board has reviewed the estimated costs associated with serving the residential users within the proposed Hoffman Farms project, including the assumption that the DCWWA will be responsible for maintenance, billing and collection and that the developer will be responsible for all construction and installation costs associated with the system connection as recommended by the Village Engineer
- it appears that charging a water rate to the Dutchess County Water and Wastewater Authority (DCWWA) for the project at a multiplier of 1.525 over the then current village water rate, where such rate will rise as the base village rate increases over time, would be in the best interests of the Village, subject to the conditions set forth herein and subject to review and approval as to the terms and conditions of such water supply agreement
RESOLVED
- the Village of Red Hook intends to enter into an agreement with DCWWA for the sale of water to the DCWWA for the Hoffman Farms project at a rate of 1.525 times the then current village water rate, subject to: (1) the creation by the Dutchess County Legislature of a Zone of Assessment encompassing the project; (2) execution of an agreement for the sale of water with DCWWA in form and substance acceptable to the Village; (3) construction at the expense of the project developer of required water infrastructure and submission of an offer of cession to convey the infrastructure and easements to the Village for $1.00; (4) establishment of an escrow account by the developer to cover legal and engineering expenses; (5) review and approval by the Village Engineer of the design and construction; (6) approval by the Village Attorney of the terms of the proposed agreement; and (7) issuance of all other necessary approvals and permits