Narrative of Resolution:
title
RESOLUTION INTRODUCED BY THE ECONOMIC DEVELOPMENT COMMITTEE TO AUTHORIZE AN AGREEMENT WITH THE TOWN OF LIBERTY TO PROVIDE FUNDING FOR THE OLD ROUTE 17 LIBERTY WATER AND SEWER INFRASTRUCTURE PROJECT
end
body
If Resolution requires expenditure of County Funds, provide the following information:
Amount to be authorized by Resolution: $250,000
Are funds already budgeted? No
If ‘Yes,’ specify appropriation code(s): Click or tap here to enter text.
If ‘No,’ specify proposed source of funds: budgetary amendments, transferring $60,000 from the Economic Development Fund Balance and $190,000 from the contingent account to fund this appropriation
Specify Compliance with Procurement Procedures:
Click or tap here to enter text.
RESOLUTION INTRODUCED BY THE ECONOMIC DEVELOPMENT COMMITTEE TO AUTHORIZE AN AGREEMENT WITH THE TOWN OF LIBERTY TO PROVIDE FUNDING FOR THE OLD ROUTE 17 LIBERTY WATER AND SEWER INFRASTRUCTURE PROJECT
WHEREAS, the Town of Liberty has taken the lead in constructing water and sewer infrastructure along the Old Route 17 commercial, industrial corridor (“corridor”) with the intent to help create and foster the development of shovel ready sites, and
WHEREAS, the County of Sullivan, Town of Thompson, Village of Liberty, and the Partnership for Economic Development have been integral partners with the Town of Liberty in endeavoring to develop water and sewer infrastructure along the corridor, and
WHEREAS, the Partnership for Economic Development spearheaded an Economic Development Corridor Study (“study”) in 2018 which depicted the buildout of the corridor, and
WHEREAS, the “study” was utilized to help secure a $1,000,000 Congressional Appropriations grant with a 250,000 required match for engineering work for the “corridor”, and
WHEREAS, an additional $20,000,000 FASTNY (Focused Attraction of Shovel-Ready Tracts) grant from Empire State Development was secured by the Town of Liberty for construction of the water and sewer infrastructure, and
WHEREAS, there is a balance of $2M in required local match funding for the FASTNY grant, and
WHEREAS, the $1M Congressional Appropriations grant plus the match of $250,000 for a total of $1.25M can be applied towards the $20M FASTNY grant match, and
WHEREAS, the balance of $750,000 for the FASTNY match is being negotiated with other parties, and
WHEREAS, Sullivan County recognizes the vital importance of this project in that it will significantly increase taxable assessed values and employment opportunities, and
WHEREAS, the Legislature desires to commit $250,000 of County funds toward the required match of the $1M Congressional Appropriations grant in order ensure that this project is successfully completed.
NOW, THEREFORE, BE IT RESOLVED, that the Sullivan County Legislature hereby authorizes the County Manager to enter into an agreement with the Town of Liberty for purposes of providing $250,000 as matching funds for the $1M Congressional Appropriations grant, in a form approved by the County Attorney, and
BE IT FURTHER RESOLVED, that the Sullivan County Legislature authorizes the Commissioner of Management and Budget to make the appropriate budgetary amendments, transferring $60,000 from the Economic Development Fund Balance and $190,000 from the contingent account to fund this appropriation; and
BE IT FURTHER RESOLVED, that should the funding be terminated or the project does not proceed, the County shall not be obligated to provide matching funds for the project.