Clerk Perlow told the Board of Trustees on July 8 that the village will seek a consolidated funding grant of $876,300 for East Beach Bluff Stabilization Phase 2 and asked the board to authorize the mayor to sign required documents.
Treasurer Steven Gafka described the grant as supplemental to FEMA funds already awarded for the project and said it requires a 50/50 match. When trustees asked how much the village would save if the grant is obtained, Gafka responded, “Approximately 392,000,” which trustees rounded in discussion to about $400,000 in reduced local out‑of‑pocket costs on an estimated $1.2 million village share.
Trustees discussed prior borrowing for Phase 1 (approved in late 2021) and confirmed $4.8 million remained from the earlier borrowing allocation. After questions about matching rules and project financing, a motion to approve Resolution 17826 — authorizing submission of the application and delegating signature authority to the mayor — was made and carried by voice vote.
The board directed the administration to proceed with the application and to return with any required documents for formal execution.