Robin Reyes Fund Expected To Pay For Rustcraft Road Project

At a tour of the Rustcraft Road Meeting on Thursday, Selectman Carmen DelloIacono said the town plans to pay for this project by borrowing the money, and, subject to Town Meeting approval, to pay back that bond using the funds accumulated in the Robin Reyes Major Capital Facilities  Stabilization Fund.

This is the fund gathered from local option hotel and meals taxes. Currently, there is over $3.5 million in the fund and projected revenues in the future average about $1.2 million a year, according to the selectmen.

If the Rustcraft Road building is acquired from the  real estate investment company, Davis Company, the town will move the Town Hall, police station and  senior center into the same 224,000 square foot building.

The new Town Hall would be 35,000 square feet, the police station would be 21,000 sq. feet and the senior center would be 16,000 sq. feet, if the project was approved.

The total cost of the project would be $28 million, which is not expected to have an impact on residents’ taxes and will only be acquired if the two-thirds of registered Dedham voters approve it at Nov. 18's  Town Meeting.