The Village of Adams has been entertaining the idea of expanding its fire hall for years. Plans took a big step forward Tuesday night with the village board voting to borrow the necessary funding. But as our Carmella Mataloni tells us, there are still plenty of questions to answer and hurdles to clear.
ADAMS, N.Y. -- It was a packed house at the municipal building as the village’s municipal advisor discussed the financial impact of expanding the city's fire hall. The project could cost anywhere between $960,000 and $2 million.
While the board did decide to borrow the money, how they plan to do it is still up in the air.
The advisor did give them two possibilities to consider. One option is a 20 year plan with an average debt service of $85,000 per year. The second option is a 30 year plan with an average debt service of $71,000 per year.
According to the advisor, because the village already has money budgeted for the project that money could go toward the debt service.
After the advisor's presentation, the board voted six to one to pass the bond resolution, move forward with the project and start getting bids. Both the mayor and the advisor say voting to move forward with the project is the best option for tax payers.
"There is very limited under municipal law of what municipalities can do to borrow money but within that frame work we came up with a few really good options that would have the least impact on the tax payers and make the project very affordable," said Ben Maslona, Municipal Advisor.
"We have put it on the shelf several times due to the cost of it and that experience tells us that it does not make the price go down," said Patricia Sweetland, Village of Adams Mayor.
Some members of the public still have their concerns about the cost of the fire hall and board members tell us that they have the opportunity to put together a petition against the vote. If the public decides to do that, they need twenty percent of the voting public to sign it and it must be presented to the board within 30 days.