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While the homes' prices are comparable to other housing in the town, financing one will not be easy for everyone.
Yet taking a patchwork approach to financing the project, Mr. Mullins said that a combination of grants will let him sidestep town financing.
He said some of the town financing could come from the 2percenttransferer tax, which generates about $15 million annually in Southampton and somewhat less in East Hampton.
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Douglas Jacob, the town finance director, was found guilty of eight misdemeanor counts of filing false documents.
Marvin Corwick, a consultant to local governments, said Mr. McGreevey's predecessor, Joe DeMarino, had left town finances in "total disarray".
"These illegal transfers were made to hide from the taxpayers and voters the horrendous fiscal condition of town finances," Mr. Spota said.
When Binney and I chatted at the reservoir outside Dillon, he had already finished discussions with Moody's and Fitch, the bond-rating agencies whose evaluations would help the town finance the project.
In a town finance board meeting last month, Llodra warned that a grant from the US Justice Department that had helped meet security costs so far would expire midway through next year.
(They called Mr. Gianelli Oz, as in Wizard of, back in North Hempstead, where he turned a part-time job into the directorship of town finance and operations and turned a $7 million deficit to an $8 million surplus).
But the ladies out on the town, finance types, and soba hounds who come here can eat well, if they order right: uncomplicated, naturally umami-rich dishes like Japanese eggplant, fresh tofu with plentiful uni, and excellent house-made soba noodles.
"The town finances a big part of these ladies' and gentlemen's rent.
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