Key Bank Parking Lot Acquisition
Governs the negotiation, purchase, and grant funding for the acquisition of the Key Bank parking lot.
In force, by year of last update
2016
DASNY Capital Grant Amount
The Village of Red Hook has been awarded a capital grant of $125,000 from New York State sources under Capital Grants Project CCAP 6545, administered by the NYS Dormitory Authority (DASNY). The grant is a 100% reimbursement-type grant.[2]
Property Purchase Price and Bridge Loan
The Key Bank parking lot was purchased using a previously approved bridge loan with Salisbury Bank at a sale price of $60,000 at an interest rate of 1.35%.[2]
Grant Disbursement Agreement Authorization
The Village Mayor is authorized to sign the Grant Disbursement Agreement (GDA) with DASNY and any subsequent, directly related paperwork required by DASNY.[2]
Segregated Grant Account Designation
The Village Treasurer has designated Trust and Agency Account T10,10 as the segregated account for the acceptance and disbursement of grant funds related to the Key Bank parking lot capital project.[2]
2009
Negotiation Authority
Mayor Cohen and Trustee Blundell are authorized to negotiate for funding to purchase the Key Bank parking lot.[1]
Source resolutions
- [1]2009-06-01Key Bank Parking Lot Acquisition Negotiation
- [2]2016-03-14KEY BANK PARKING LOT PURCHASE – CAPITAL GRANTS PROJECT CCAP 6545–GRANT DISBURSEMENT AGREEMENT RESOLUTION
Synthesized from the chronological history of these resolutions. Each clause shows the year it was last established or amended. The text is a reading aid — for legal force, consult the source resolutions and the Village Code.