March 13th Resolution 53-2024 Grand Street Retaining Wall

resolution 2 pages

Meeting: portal event 937 (no meeting page on file)

Agenda item: Proposed Resolutions — Consider authorizing the Village Treasurer to reassign $90,000 of fund balance to Project 23439, the Grand Street Retaining Wall, and make specified amendments to the 2023-2024 General Fund and Capital Fund Budgets.

Resolution, 2 pages. Attached to agenda item: “Proposed Resolutions — Consider authorizing the Village Treasurer to reassign $90,000 of fund balance to Project 23439, the Grand Street Retaining Wall, and make specified amendments to the 2023-2024 General Fund and Cap”

Retrieved 2026-04-15 from the village's meeting portal. View the original PDF ↗

Extracted text

On motion of TRUSTEE ___, seconded by TRUSTEE ____, the following resolution 
was adopted by the Board of Trustees of the Village of Croton- on-Hudson, New York, 
with a - vote. 
 
Resolution #-2024 
 
WHEREAS, the Village of Croton-on-Hudson initiated Capital Project 23439 to 
address the repair of a retaining wall on Grand Street, originally budgeted at 
$120,000; and 
 
WHEREAS, on January 18, 2024, the Village advertised for invitations to bid on this 
project (Bid #01-2024); and 
 
WHEREAS, on February 28, 2024, the Village Board authorized the Village Manager 
to award the bid to the second-lowest bidder, Catalyst Construction, LLC, of 
Middletown, New York, in the amount of $236,565.30; and 
 
WHEREAS, Project 23439 currently holds $93,000.42 within its budget for 
completion; and 
 
WHEREAS, Westchester County, in collaboration with the Village of Croton-on-
Hudson, has successfully secured Community Development Block Grant (CDBG) 
funding in the amount of $59,076 for the replacement of the retaining wall, despite 
the initial request for $60,000; and 
 
WHEREAS, Resolution 150 of 2023 originally designated a fund balance of 
$2,100,000 for the replacement of a ladder truck for the Croton-on-Hudson Fire 
Department; and 
 
WHEREAS, the Village has subsequently received grant funding in the amount of 
$250,000 from DASNY for the purpose of replacing the ladder truck, reducing the 
overall cost; and 
 
WHEREAS, the Village Board deems it necessary to adjust the budget of Project 
23439 in light of these developments, 
 
NOW THEREFORE BE IT RESOLVED: that the Village Board authorizes the 
Village Treasurer to reduce the assigned fund balance for the ladder truck to 
$2,010,000 and assign $90,000 of fund balance to Project 23439, 
 
AND BE IT FURTHER RESOLVED: The Village Board authorizes the Village 
Treasurer to amend the Fiscal Year 2024 budget as follows: 
 
General Fund: 
 
Increase Expense: 
 
A9901.9030 - Transfer to Capital Fund  
 
$144,488.88 
 
Increase Revenue: 
 
A1000.2401 – Interest & Earnings 
 
  $27,244.44 
A5650.1720 – Parking Lot Permits 
 
  $27,244.44 
 
Use of Fund Balance: 
 
Per Resolution 
 
 $90,000.00 
 
Capital Fund: 
 
Increase Expense: 
 
H5110.2106.23439 – Grand St Wall Replacement  
$143,564.88 
 
Decrease Revenue: 
 
H1000.3997.23439 – State Aid-Grand St Wall Replacement     $924.00 
 
Increase Revenue: 
 
H1000.5031.23439 – Transfer from General Fund  
$144,488.88 
 
 Dated: March 13, 2024

Machine-extracted for search and reference — the original PDF is the authoritative version.