Oyster Bay to Hold Four Public Hearings on Funding $7.5 Million in Projects

The Town of Oyster Bay will hold a series of public hearings at 10 a.m. on Feb. 1. to finance projects costing nearly $7.5 million.

The four hearings involve proposed improvements to town facilities and the town's proposal to pay for them through the issuance of serial bonds.

The public sessions will held in the Hearing Room of Town Hall North, 54 Audrey Avenue, Oyster Bay.

Following regular business, the town board will listen to public comment on any subject.

The following proposed improvements are on the agenda:

• Proposal to improve the park districts. The proposal consists of a variety of projects including, but not limited to, improvements and upgrades to athletic fields, fencing, sidewalks, curbing, asphalt and electrical systems in parks throughout the town. The estimated cost of the improvements is $4.5 million, which will be financed by the issuance of serial bonds.
• Proposal to improve the public lighting district. The proposal consists of continuing to upgrade the Town’s lighting system and a pole inventory. To finance these, the board is considering the issuance of $650,000 in serial bonds.
• Proposal to consider improvements to town parking facilities. The proposal consists of improvements such as resurfacing, restriping, curb repairs, new fencing and new lighting for parking facilities. To finance them, the board is considering the issuance of $700,000 in serial bonds.
• Proposal to consider improvements to town solid waste district.  The proposal consists of repairs to the transfer station roof and various general improvements. To finance them, the board is considering the issuance of $1.6 million in serial bonds.

The total cost of all the improvements, if approved by the board, would total more than $7.5 million. This debt would be paid for over time through an issue of municipal bonds.