2024-94

THE CITY OF NEWPORT

RESOLUTION

OF THE
COUNCIL

No.2024-94

WHEREAS pursuant to Council Resolution 2024-14, the City Council requested the RI General Assembly to enact legislation authorizing the City to issue not to exceed $98,500,000 general obligation bonds and notes to finance the various infrastructure improvement projects; and

WHEREAS, the General Assembly approved legislation 2024-S3092 authorizing the City to move forward with the bond referendum to be presented to the voters at the November 2024 election; and

WHEREAS, projects and allocations for the $98.5 Million bond referendum are as follows:

Funding Item Allocation
Intergenerational Resilience & Sustainability
Perrott Park Bulkhead & Renovation of Harbor Master Building 20,000,000
Seawall Repairs 2,500,000
Pier Improvements 2,000,000
Easton’s Beach Nourishment Study & Program 11,200,000
Easton’s Beach Demolition 800,000
Cliff Walk Repair Marching Funds 3,750,000

Roads & Sidewalks
Van Zandt Bridge Removal; Regrading & Lower Road 12,000,000
FY2025 & FY2026 Road Improvement Program 6,000,000
Aquidneck Park Sidewalks 115,000

Utilities
Elizabeth Brook Study & Preliminary Design; North End Stormwater 5,375,000
Easton’s Pond Hardening Project-Stormwater Share of Potential Grant Match 5,375,000

Public Facilities
North End Public Safety Facility-Acquisition of Land/Design/Engineering 13,000,000
Rogers HS Landfill & Disposition of Remaining Soil; Rogers Completion 10,000,000
Redesign and Renovation of Maher

RESOLVED: The above allocations are based on estimates only, and actual costs of the work may exceed estimates, requiring this Council at a later date to prioritize projects and reallocate proceeds from one project to another.

IN COUNCIL
READ AND PASSED

Laura C. Swistak, CMC
City Clerk