HomeMy WebLinkAboutTB 2025-053 Revised Allocation of Expenses Amount Inlet Valley AquisitionMEETING OF THE ITHACA TOWN BOARD
May12, 2025
TB Resolution 2025- 053: Authorizing an increase in the amount allocated for the acquisition of land and rights associated with the 2024 Inlet Valley Sewer Improvement Project
Whereas the Town passed TB Resolution 2024-148, allocating up to $2,000 for the reimbursement of certain expenses incurred by the landowner in the acquisition process, and
Whereas, the landowner has countered offered at a reimbursement of expensesamount not to exceed $6,000; now therefore be it
Resolved, that the Town Board approves increasing the allowable allocation to no more than $6,000 for the reimbursement of certain expenses incurred by the landowner, including attorneys’
fees/expenses incurred in reviewing the title/deeds, or working with lenders to approve this transaction and authorizes attorneys for the Town to work directly with lenders and/or draft
any needed documents to stay within the allocated amount.
Moved: Rod HoweSeconded: Margaret Johnson
Vote: ayes- Howe, Levine, Johnson, Gutenberger and Rosen