Tag: bond

The petition seeks to protest Ordinance 3521 with the following ballot question:
Shall Ordinance No. 3521 authorizing the Council of the Village of Ridgewood
to issue $11,500,000 bonds or notes to finance the cost of constructing the
Hudson Street Parking Deck, currently contemplated as a 4 story, 5 level
Parking Deck, be ratified?Do you know the difference in height between Option A and Design D?
It’s 2ft 6in. Would you call that a compromise?
We don’t.The in house funding for the parking garage passed 5-0 on 23rd, which is great. Everyone wants the garage funded in house.
Many people who want the garage, and want to fund in house, believe it’s just 2 tall, and should come down a level.
Why a petition to repeal an ordinance that we really want?
Because this petition will put funding on hold (for a short time),
it will allow the 5 council members to talk compromise (something three of them have been unwilling to do).
They have a choice, they can decide to seriously sit down at the compromise table, and see if 1 level lower will work
(all the numbers point to a yes, since any size garage relies heavily on the parking meter revenues).
If it’s agreed to lowering it 1 story to 3 stories, 4 levels, the petition will be withdrawn,
& we move forward immediately with a 3 story 4 level parking garage funded in house.So, it basically comes down to this:

If you’d rather see:
design D with 3 stories, 4 levels, approx 37ft building height & 52ft towers- approx 260 spaces- then you should sign the petition
If you are happy with the current design D of 4 stories, 5 levels, 46ft 8in building height & 60ft 10in towers- 325 spaces- then you should not sign the petition

You must be a registered voter residing in the Village of Ridgewood to sign the petition.