This Morning’s Bulletin — 8.29.14

Ready for the weekend
Ready for the weekend

Good Morning!

• The Surfrider Foundation is planning a Paddle Out at Ditch Plains tomorrow morning, Aug. 30, at 10 a.m. to raise awareness of water quality, coastal preservation and beach access issues, especially in light of their current effort to prevent a massive expansion of the East Deck Motel on the shore adjacent to Ditch Plains, which could limit access to one of the best surfing beaches on the East End. More information on Surfrider’s views on the project is online here.

• Few were impressed at a public hearing in East Hampton Tuesday on PSEG’s new long-range plan, Utility 2.0, which was rolled out earlier this month to much criticism from East End officials on the lack of specificity about the utility company’s proposed projects. The Beacon’s full story is online here.

• East Hampton Town is reporting that it sold more than $4 million in General Obligation Bonds and $12 million of Bond Anticipation Notes on Aug. 19. The town received a lower interest rate due to its recent credit rating bump to Aa2, the third highest level assigned by Moody’s Investors Services, paying 2.15 percent  on the bonds and the extremely low rate of 0.19 percent on the notes. The town’s financial advisors estimate the lower interest rate will save the town $140,000 on the notes for 2015 and several hundreds of thousands of dollars for the bonds over the repayment period of 13 years. The proceeds from the sale will be used for long-term financing of capital projects and purchases made over the last several years and for temporary financing for projects and acquisitions still in process.

• The Riverhead Town Board will host a public hearing on the subdivision of the EPCAL property in Calverton at their Sept. 3 meeting, which has been changed from an afternoon meeting to a 7 p.m. meeting, while the Riverhead Planning Board will hold a public hearing on the proposed subdivision on Sept. 4 at 7 p.m. If you’re looking for something fun to do with your Labor Day Weekend, consider poring over the subdivision documents, which are online here.

All In A Weekend, The Beacon’s round-up of events on the forks this weekend, is live online here.

And that’s the way things look at dawn’s light here today.

Beth Young

Beth Young has been covering the East End since the 1990s. In her spare time, she runs around the block, tinkers with bicycles, tries not to drown in the Peconic Bay and hopes to grow the perfect tomato. You can send her a message at editor@eastendbeacon.com

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