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Huntington to bond for $10 million for various capital upgrades

The Huntington Town Board convenes at a board

The Huntington Town Board convenes at a board meeting on April 21, 2015.

The Huntington Town Board has approved seeking about $10 million in bonds to pay for such things as the creation of parks, parking lot resurfacing, new traffic signals and road and water district improvements.

Almost half of the money will go toward water district upkeep.

"All the things we are bonding are needed for quality of life purposes, safety purposes, and to continue to promote economic development," Town Supervisor Frank Petrone said.

State law requires that water districts go through the town to bond for improvements. The South Huntington Water District is seeking $2.29 million in bonds, while Greenlawn Water District is seeking $1.4 million.

Town board member Gene Cook voted against all of the 18 bond resolutions except for the $500,000 request to pay for engineering plans and specifications for improvements to the James D. Conte Community Center in Huntington Station.

"There is about $9,900,000 worth of bonding today," he said at Tuesday's meeting. "We're up around $12 million just this year alone, we're about $120 million out on long-term bonding, and I have a real problem with this."

Petrone said bonding is just part of prudent fiscal management and that by the end of the year the town will retire about $11 million in debt service. "As we bond, we usually bond for a better rate than what we are retiring," Petrone said.

Some other things that are to be bonded include $300,000 for resurfacing town parking lots; $250,000 for improvements to various town buildings and facilities; $200,000 for improvements to the Crab Meadow Pavilion; $200,000 for town computer equipment, and $200,000 for vehicles.

Some of the larger bonds would be for the creation of two parks. Erb Farm/Burrs Lane Park in Dix Hills will need a $1.6 million bond, and a $1.8 million bond will be for Sweet Hollow Park in Melville.

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