HAMILTON TOWNSHIP — The state has given additional support to help the township with its renovation project for the Lake Lenape Dam.
The Local Finance Board voted in May to waive a requirement that the township make a 5% down payment on its half of the funds to be borrowed, something that would have cost the township about $250,000.
Township Chief Financial Officer Cynthia Lindsay delivered a presentation about the dam to the board before its vote, according to a transcript of the meeting. She said it was important that the state waive the down payment requirements due to the urgent work needed on the dam and the somewhat dire straits faced by the township financially.
Lindsay said the dam was built circa 1840 and was classified by the state Department of Environmental Protection as a “high hazard dam.” Current conditions at the structure, Lindsay added, “fail to meet modern global stability requirements that are applicable to a high hazard class one dam.”
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The “high-hazard” designation is a product of an evaluation from the state Office of Dam Safety, which has determined that if a dam breach were to occur there was a risk of widespread property damage along the Great Egg Harbor River. Damage could extend to several neighoring municipalities, including Egg Harbor Township, Estell Manor and Weymouth Township. The office has also concluded that there was “the potential for loss of life.” Township officials have stressed that the dam is within an acceptable safety factor, but the need for the improvements was urgent.
Lindsay also addressed the finances of the township at the state meeting. She said Hamilton was facing a tax rate increase of nearly 6 cents per $100 of assessed property value this year — a hike that would cost the average homeowner, who…