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The town intends to borrow $18.2 million to pay for the downtown Chappaqua project, as well as other projects in town. The 18-month project will replace aging water and sewer mains in the downtown.
The bond is expected to be completed by January at the latest. $13.7 million is going toward the streetscape project, while $1 million is going to the refurbishment of Minkel Dam. About $1.5 million will go to pay for heavy equipment.
Supervisor Rob Greenstein said the amount is what he expected.
"There are very few items that are discretionary," Greenstein said. "This is for a capital improvement project that has to be done. This has been on the horizon for a long time."
Discretionary items include $150,000 for the Chappaqua Performing Arts Center, $143,895 for the Gedney Park Playground and $258,000 for a basketball court. The town will also spend $788, 350 on IT infrastructure upgrades.
The town board will hold public hearings on the issue once the bond counsel performs the resolution.
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