Whether to temporarily amend Village Revolving Loan Fund?

The Village of New Paltz Board is seeking feedback from our community on whether to amend our Revolving Loan Fund’s (RLF) guidelines. The Village’s RLF was funded via an economic development grant from the U.S. Department of Housing and Urban Developments (HUD).

For an interim period, we would like to offer small business loans geared towards pandemic relief to Village of New Paltz businesses impacted by the covid pandemic who may benefit from borrowing money.

An RLF is expected to recycle repayments to finance the same type of activities for an ongoing basis. Ordinarily, our RLF program is not for working capital or emergencies. However, we would like to expand the types of applications that will be considered during this unique and challenging time.

If an applicant is seeking assistance with working capital or responding to covid-related emergencies and has demonstrated compliance with NY State’s Executive Orders, they would be expected to include details in narrative form and provide other supporting exhibits in their application found on the Village’s website. This would be in addition to existing application and documentation requirements.

We are proposing that the rate to borrow will be the Wall Street Journal Prime rate minus 0.25%.

Please share thoughts on our plan to amend to assistant@villageofnewpaltz.org.

Existing application, loan terms, and guidelines: https://www.villageofnewpaltz.org/wp-content/uploads/2017/03/2015-Revolving-Loan-Fund-Packet-1.pdf

Christmas Tree Pickup Plan 2021

The Village of New Paltz will be mulching Christmas trees this year and offering the mulch to anyone interested in it for gardens or pathways. Residents are encouraged to get their trees out of the house BEFORE they dry out as they pose a high fire risk. There are two ways you can dispose of your Christmas tree to be mulched:

In the Village, leave it curbside any time before 10:00 AM on Friday, January 8, 2021. If you choose this option, please give the DPW a call at 845-255-1980 to give a heads-up that the tree is ready for pick-up or; drop it off at the Village DPW next to Village Hall, 25 Plattekill Avenue before 10:00 AM on Friday, January 8, 2021.

Contact Village Clerk Alberta Shaw for more information: 845-255-0130 or clerk@villageofnewpaltz.org

Mulch will be made available free of charge to the public after Monday, January 11, 2021 at the Village’s waste water treatment plant located off of Huguenot Street.

Please note: many gardeners recommend aging fresh mulch before applying to plants. Please consult with a garden expert if unsure what’s best for your application.