Plandome OKs $3.3M in bonding

Bryan Ahrens

The Village of Plandome issued bonds of $1.9 million and $1.4 million on Monday for road resurfacing and water main replacements around the village.

“We’ve reached the cycle of 15 years where we need to resurface the roads,”Trustee Andrew Bartels said during a regularly scheduled board meeting.

Bartels said the specific roads to be resurfaced have not yet been determined.

The 1.9 million bond, which was awarded to Roosevelt & Cross Inc. and will cover the resurfacing project, will run for 10 years with an interest rate of about 1.7 percent, according to Village Clerk Elizabeth Kaye.

Bartels said the current 4-inch water mains beneath the roadway will be replaced with 8-inch water mains to better accommodate firefighters around the village when they need to access water, such as in the case of a fire.

The 1.4 million bond, which was awarded to Raymond James & Associates Inc. and will cover the water main project, will run for 20 years with an interest rate of about 2.8 percent, Kaye said.

Both projects are expected to begin in late Spring, Kaye said.

In other developments:

• Trustees voted to hold a public hearing during their next scheduled meeting for Feb. 9 to override the tax cap levy limit.

Village of Plandome Mayor Lloyd Williams said he expects the village to exceed the established 2 percent tax cap limit.

“We would not be able to keep the rate below 2 percent,” he said. “Police alone will bring us above the cap.”

Bartels said an annual fee of about $1.2 million paid to the Nassau County Police Department for a police officer to be located in Plandome Village at all times will rise by $40,000 this year.

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Bryan Ahrens

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