East Parcel "Project Phasing" Document Doesn't Cover Full Costs

Date: Thu, 3 Aug 2017 10:16:39 -0400
From: Daniel Convissor <danielc@panix.com>
To: Denise Scaglione <dscaglione@sleepyhollowny.org>, Glenn Rosenbloom <grosenbloom@sleepyhollowny.org>, John Leavy <jleavy@sleepyhollowny.org>, Ken Wray <kgwray@gmail.com>, Rachelle Gebler <rgebler@sleepyhollowny.org>, Sam Gonzalez <sgonzalez@sleepyhollowny.org>, Sandra Spiro <sspiro@sleepyhollowny.org>
Cc: Anthony Giaccio <agiaccio@sleepyhollowny.org>, Paula McCarthy <pmccarthy@villageofsleepyhollow.org>
Subject: east parcel permit / phasing

Dear Trustees:

The graph on page 14 of the East Parcel "Project Phasing" document shows the cost of bond payments for East Parcel construction compared to tax revenue increases from Edge-on-Hudson. It looks like 2025 will have ~$3.25 million of bond payments and ~$3.50 million in new tax revenues. That leaves a ~$250,000 cushion of new revenue.

Unfortunately, the plan does not show the costs of operating and staffing the community center and park. Nor does it account for the increased costs the Village faces to service Edge-on-Hudson's new residents, streets and parks. These costs will significantly exceed that $250,000 cushion.

The full costs of the East Parcel plan and all Village operations need to be clearly detailed and openly discussed before any decisions are made.

This analysis and conversation needs to consider investing in and better utilizing existing community resources (schools, YMCA, JCC, Community Opportunity Center, EF, Senior Center, Warner Library, Tarrytown's Community Center, etc) rather than building yet more facilities.



PS: Please pardon the late timing of these comments due to vacation and obligations.

More Sleepy Hollow information is available on the web, @DanielConvissor and #SleepyHollowNY