Text · page 50 of 55
Read the whole document on one page (all 55 pages, each with its own heading)
3. The Town has determined that the establishment of a reserve fund for the proposed District is necessary for financial security and function, and the annual cost of the reserve fund is estimated to be $130,000. 4. The estimated total annual cost of the proposed District is $1,621,200 as shown below: 5. The revenues required to meet the annual costs of the proposed District would be recovered through a benefit fee, which would be assessed on an Equivalent Dwelling Unit (“EDU”) basis, as more fully explained in the Amended Map, Plan and Report. 6. Based on the total number of EDUs and the anticipated total annual costs associated with the District, including capital needs, the Town is proposing a fee of $64.65 per EDU. A single-family household would be assessed at one EDU annually, and therefore the annual cost to the typical property in the first year of the District is $64.65. 7. The proposed District contains commercial properties and certain properties categorized as Multiple Residence, Apartment, or Rural Residential. These types of properties shall be assessed based on the total impervious area of the parcel divided by 1,000 square feet to determine an equivalent number of EDUs. A list of the properties that are categorized as Multiple Residence, Apartment, or Rural Residential (including the EDU assigned to each specific property) is contained in Appendix C of the Amended Report. A list of commercial properties (including the EDU assigned to each specific property) is contained in Appendix D of the Amended Report. 8. The Amended Report describes the proposed improvements, financing and estimated annual costs of the proposed Town Drainage and Stormwater Management District and is available for public inspection in the Town Clerk’s Office. IT IS FURTHER RESOLVED AND ORDERED, that the previously adopted Resolution, dated August 10, 2026, calling for a public hearing on the establishment of the District, is withdrawn; and IT IS FURTHER RESOLVED AND ORDERED, that the Town Clerk is hereby authorized and directed to publish a copy of this Order in the Town’s official newspaper and to post a copy of the same on the official bulletin board for the Town in the time and manner required by the Town Law, and enter same in the minutes of the proceedings of the Town Board; and 50