BOND ACT(Amended)-RKD02-Kensico Dam Plaza Storage Building

This Bond Act amends a previous authorization to increase the total funding for the construction of a new maintenance building and outdoor storage area at Kensico Dam Plaza. The original authorization was for $7,850,000, with $247,879 already issued. This amendment increases the total authorized bond issuance to $10,350,000, an increase of $2,500,000.

Key Details:

• Project: New maintenance building and outdoor storage area at Kensico Dam Plaza.
• Original Authorized Amount: $7,850,000
• Previously Issued Bonds: $247,879
• Total Authorized Amount (Amended): $10,350,000
• Additional Funding Requested: $2,500,000
• Purpose of Additional Funds: To cover increased construction costs due to the time elapsed since the project's inception.
• Period of Probable Usefulness: 15 years.
• Financing: General obligations of the County of Westchester, payable by general tax.
• Interim Financing: The County intends to finance costs on an interim basis, expected to be reimbursed with debt proceeds.