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fund to support dredging operations throughout the Town moving forward. The marina would <br /> be about the size of the New Seabury marina would be focused on small boats. <br /> The Commission discussed the economics of the project. <br /> It was stated that in order to be considered for grant funding they have to have the match <br /> monies in hand. <br /> Mr. Tomaino stated that there is currently $305,665.31 in the Waterways Improvement Fund <br /> budget with $140,000 in mooring fees that have been collected this past year. And, there is <br /> currently $228,106.98 in the Waterways General Account. <br /> • Grant match funding request, Design, Engineering, Permitting, Dredging Ockway Bay, <br /> $100,000. <br /> Chair Mone stated that it's going to take 2 to 3 years to get approvals for the dredging and it's <br /> getting more difficult as time goes by. <br /> Mr.Tomaino said that the Harbor Management Committee Working Group is doing a feasibility <br /> study for the project. <br /> Mr. Noonan stated that he would like to see some information on the economics and the cost <br /> of the project. <br /> Miles Murphy commented that he agrees with what Chair Mone has presented as long as it <br /> includes dredging. He stated this is the first time he has seen someone put the idea on paper <br /> and put it into play to get something done. <br /> A motion was made by Chair, Stephen Mone to approve grant match funding from the <br /> Waterways Improvement Fund in the amount of$40,000 for design, engineering, permitting <br /> Ockway Bay Marina and to approve grant match funding in the amount of$100,000 for <br /> design, engineering, permitting for dredging in Ockway Bay area. <br /> Motion seconded by Dick Noonan. <br /> Motion passed by unanimous consent. <br /> ADDITIONAL TOPICS <br /> None at this Time. <br /> NEXT SCHEDULED MEETING <br /> June 12, 2024 <br /> 3 <br />