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$16.8M revenue note tops city agenda

The Dunkirk Common Council will consider approving a $16.8 million Revenue Anticipation Note on Tuesday.

The note could be up to $16,886,226, to be exact. It’s needed to fund the city through the end of the 2024 fiscal year.

The city floated another RAN last summer, for the same reason it is doing so this time: There’s not enough cash on hand in Dunkirk’s coffers to pay the bills before various revenue sources come through. An RAN is to be paid back with such revenues.

Tonight’s resolution states that “no portion of such Anticipated Revenues has been received by the city to date.”

Another resolution on tonight’s agenda would authorize Hodgson Russ as the attorneys to handle the RAN, and bonds associated with the city’s state-imposed Fiscal Recovery Act.

A third resolution would appoint Buffalo accountants Freed Maxick as consulting accountants for the city’s 2025 budget.

Tonight’s council agenda, the busiest in a while, also includes a resolution to end the city’s moratorium on selling its “paper streets.” Adjacent property owners often want to acquire the city-owned parcels, intended for roads but never used, but council voted to freeze the sales in October. However, according to the resolution, Dunkirk “has devised a Sales Policy for City owned lots and paper streets.”

The agenda also includes a measure sponsored by Councilperson Natalie Luczkowiak to purchase a new Field of Dreams sign at Wright Park, using the Bill Cease recreational fund. Luczkowiak blasted Mayor Kate Wdowiasz last week for saying the Cease fund is depleted. Citing figures shown to her by Treasurer Mark Woods, Luczkowiak said the fund is not depleted.

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