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HomeMy WebLinkAboutStormwater Mitigation DENIS NONCARROW �� ®�� Town Hall,53095 Main Road TOWN CLERK P.O.Box 1179 C Southold,New York 11971 REGISTRAR OF VITAL STATISTICS ® Fax(631)765-6145 MARRIAGE OFFICER '4�® ® Telephone(631)765-1800 RECORDS MANAGEMENT OFFICER d www.southoldtownny.gov FREEDOM OF INFORMATION OFFICER OFFICE OF THE TOWN CLERK TOWN OF SOUTHOLD July 21, 2022 EI 011 988 347 US Town of Southold,New York $500,000 Bonds for Stormwater Mitigation ,(Our File Designation: 2615/ Mr Robert P. Smith Hawkins, Delafield& Wood 7 World Trade Center 250 Greenwich Street, 41St Floor New York,NY 10007 Dear Mr. Smith: Enclosed find the following documentation for the above referenced bond: 1. The affidavit of publication in the Suffolk Times Please let me know if there are any other documents you need from this office at this time. Very truly yours, �rnu Lynda M Rudder Deputy Town Clerk encs i i I d8a0f7ff-be0e-481c-ae25-d387ef4ff567 lynda.rudder@town.southoId.ny.us AFFIDAVIT OF PUBLICATION The Suffolk Times State of New York, County of,Suffolk, The undersigned is the authorized designee of The Suffolk Times,a Weekly Newspaper published in Suffolk County, New York. I certify that the public notice, a printed copy of which is attached hereto, was printed and published in this newspaper on the following dates: July 14, 2022 This newspaper has been designated by the County Clerk of Suffolk County,as a newspaper of record in this county, and as such, is eligible to publish such notices. V Signature Eliot T. Putnam Printed Name Subscribed and sworn to before me, This 14 day of July 2022 Notary Signal e Aks .� o` .STATE OF NEW 1'OltK ' NOTARYPUBLIC Notary Public Stamp �' "'�F�`''sati i �iv SOUTHOLD TOWN CLERK 1 I 1 I d8aOf7ff-beOe-481c-ae25-d387ef4ff567 lynda.rudder@town.southold.ny.us AFFIDAVIT OF PUBLICATION The Suffolk Times LEGAL NOTICE The resolution,a summary of which is published herewith, has been adopted on the 7th day of June, 2022,and an abstract thereof has been published and posted as required by law and the period of time has elapsed for the submission and filing of a petition for a permissive referendum and a valid petition has not been submitted and filed. The validity of the obligations authorized by such resolution may be hereafter contested only if such obligations were authorized for an object or purpose for which the Town of Southold, in the County of Suffolk, New York, is not authorized to expend money or if the provisions of law which should have been complied with as of the date of publication of this notice were not substantially complied with, and an action,suit or proceeding contesting such validity is commenced within twenty days after the date of publication of the notice,or such obligations were authorized in violation of the provisions of the constitution. DENIS NONCARROW,Town Clerk BOND RESOLUTION OF THE TOWN OFSOUTHOLD, NEW YORK,ADOPTED JUNE 7, 2022, AUTHORIZING THE CONSTRUCTION OF DRAINAGE IMPROVEMENTS FOR STORMWATER MITIGATION, STATING THE ESTIMATED MAXIMUM COSTTHEREOF IS $500,000,APPROPRIATING SAID AMOUNT FOR SUCH PURPOSE, AND AUTHORIZING THE i SOUTHOLD TOWN CLERK 2 I i d8aOf7ff-beOe-481c-ae25-d387ef4ff567 lynda.rudder@town.southo Id.ny.us AFFIDAVIT OF PUBLICATION The Suffolk Times ISSUANCE OF BONDS IN THE PRINCIPAL AMOUNT OF$500,000 TO FINANCE SAID APPROPRIATION The object or purpose for which the bonds are authorized is the construction of drainage improvements for stormwater mitigation at the estimated maximum cost of$500,000. The maximum amount of obligations authorized to be issued is$500,000. The period of probable usefulness is forty(40)years. A complete copy of the bond resolution summarized above shall be available for public inspection during normal business hours at the office of the Town Clerl<,at the Town Hall, 53095 Main Street, Southold, New York. DATED:July 8,2022 SOUTHOLD TOWN CLERK 3 DENIS NONCARROW �� ��o Town Hall,53095 Main Road TOWN CLERK P.O.Box 1179 Southold,New York 11971 REGISTRAR,OF VITAL STATISTICS �p Fax(631)765-6145 MARRIAGE OFFICER �'�® ®�` Telephone(631)765-1800 RECORDS MANAGEMENT OFFICERwww.southoldtownny.gov FREEDOM OF INFORMATION OFFICER OFFICE OF THE TOWN CLERK TOWN OF SOUTHOLD July 13, 2022 EI 011 958 259 US Town of Southold,New York $500,000 Bonds for Stormwater Mitigation (Our File Designation: 2615/ Mr Robert P. Smith Hawkins, Delafield & Wood 7 World Trade Center 250 Greenwich Street, 41" Floor New York, NY 10007 Dear Mr. Smith: Enclosed find the following documentation for the above referenced bond: 1. Certificate of No Referendum 2. Notice that will appear in the July 14"' edition of the Suffolk.Times, Town Clerk bulletin board and the Town website. 3. Notice of posting I will forward the affidavit of publication in the Suffolk Times as soon as 1 receive it.. Please let me know if there are any other documents you need from this office at this time. Very truly yours, Lynda M Rudder Deputy Town Clerk encs CERTIFICATE OF NO REFERENDUM I, DENIS NONCARROW, Town Clerk of the Town of Southold, in the County of Suffolk, State of New York, HEREBY CERTIFY as follows: That a resolution of the Town Board of the Town of Southold, in the County of Suffolk, State of New York, entitled: "Bond Resolution of the Town of Southold, New York, adopted June 7, 2022, authorizing the construction of drainage improvements for stormwater mitigation, stating the estimated maximum cost thereof is $500,000, appropriating said amount for such purpose, and authorizing the issuance of bonds in the principal amount of$500,000 to finance said appropriation," was adopted June 7, 2022, and that the notice setting forth the date of adoption of the resolution and containing an abstract of said resolution which concisely stated the purpose and effect thereof, was duly posted and published as required by law. That no petition signed and acknowledged by the electors of the Town protesting against said resolution and requesting that said resolution be submitted to the electors of the Town for their approval or disapproval has been filed with the Town Clerk within thirty days after the date of the adoption thereof, or at any other time since said adoption. IN WITNESS WHEREOF, I have hereu s my hand and affixed the corporate se of s id Town this 81h day of July, 2022. (SEAL) Town Clerk 3676096.1 045944 RSIND NOTICE The resolution, a summary of which is published herewith, has been adopted on the 7th day of June,2022,and an abstract thereof has been published and posted as required by law and the period of time has elapsed for the submission and filing of a petition for a permissive referendum and a valid petition has not been submitted and filed. The validity of the obligations authorized by such resolution may be hereafter contested only if such obligations were authorized for an object or purpose for which the Town of Southold, in the County of Suffolk, New York, is not authorized to expend money or if the provisions of law which should have been complied with as of the date of publication of this notice were not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of publication of the notice, or such obligations were authorized in violation of the provisions of the constitution. DENIS NONCARROW Town Clerk BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED JUNE 7, 2022, AUTHORIZING THE CONSTRUCTION OF DRAINAGE IMPROVEMENTS FOR STORMWATER MITIGATION, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $500,000, APPROPRIATING SAID AMOUNT FOR SUCH PURPOSE, AND AUTHORIZING THE ISSUANCE OF BONDS IN THE PRINCIPAL AMOUNT OF $500,000 TO FINANCE SAID APPROPRIATION The object or purpose for which the bonds are authorized is the construction of drainage improvements for stormwater mitigation at the estimated maximum cost of$500,000. The maximum amount of obligations authorized to be issued is $500,000. The period of probable usefulness is forty (40)years. A complete copy of the bond resolution summarized above shall be available for public inspection during normal business hours at the office of the Town Clerk,at the Town Hall, 53095 Main Street, Southold,New York. STATE OF NEW YORK) SS: COUNTY OF SUFFOLK) Denis Noncarrow, Town Clerk of the Town of Southold,New York being duly sworn, says that on the 6th day of July , 2022, a notice of which the annexed printed notice is a true copy was affixed, in a proper and substantial manner, in a most public place in the Town of Southold, Suffolk County,New York, to wit: Town Clerk's Bulletin Board, 53095 Main Road, Southold, New York and the Southold Town website, www.southoldtownny.gov . Bond— Stormwater Mitigation Denis Noncarrow Southold Town Clerk Sworn before me this 6111 day of July , 2N2. Notary Public LYNDA M.RUDDER Notary Public, State of New York No.01 RU6020932 Qualified in Suffolk County Commission Expires March 8,20 r on,,• Times Review Media Group Invoice#: d8aOf7ff The Suffolk Times Date: 07/08/2022 Bill To Customer Email SOUTHOLD TOWN CLERK lynda.rudder@town.southoid.ny.us Affidavits will be mailed or emailed (as ordered) 7 days AFTER THE LAST INSERTION DATE. Description Publish Date: Amount PUBLIC 07/14/2022` }~$52.70 4 Affidavit(eMail) 1 $25.00 ' Affidavit(Mail) 0 $0.00 , Total: $77.70 . Please remit checks payable to: Balance: Times Review Media Group $77.70 PO Box 1500 Mattituck, NY 11952 The invoice number MUST be included on your check to ensure that your payment is applied correctly. LEGAL NOTICE The resolution, a summary of which is published herewith, has been adopted on the 7th day of June, 2022,and an abstract thereof has been published and posted as required by law and the period of time has elapsed for the submission and filing of a petition for a permissive referendum and a valid petition has not been submitted and filed. The validity of the obligations authorized by such resolution may be hereafter contested only if such obligations were authorized for an object or purpose for which the Town of Southold, in the County of Suffolk, New York, is not authorized to expend money or if the provisions of law which should have been complied with as of the date of publication of this notice were not substantially complied with,and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of publication of the notice, or such obligations were authorized in violation of the provisions of the constitution. DENIS NONCARROW,Town Clerk BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK,ADOPTED JUNE 7,2022, AUTHORIZING THE CONSTRUCTION OF DRAINAGE IMPROVEMENTS FOR STORMWATER MITIGATION, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $500,000,APPROPRIATING SAID AMOUNT FOR SUCH PURPOSE, AND AUTHORIZING THE ISSUANCE OF BONDS IN THE PRINCIPAL AMOUNT OF$500,000 TO FINANCE SAID APPROPRIATION The object or purpose for which the bonds are authorized is the construction of drainage improvements for stormwater mitigation at the estimated maximum cost of$500,000. The maximum amount of obligations authorized to be issued is$500,000. The period of probable usefulness is forty(40)years. A complete copy of the bond resolution summarized above shall be available for public inspection during normal business hours at the office of the Town Clerk, at the Town Hall, 53095 Main Street, Southold, New York. DATED:July 8,2022 PHONE: 212-820-9300 7 WORLD TRADE CENTER NEW YORK FAX: 212-514-8425 250 GREENWICH STREET WASHINGTON NEW YORK, NY 10007 NEWARK (212) 820-9662 WWW.HAWKINS.COM HARTFORJuly 5, 2022 LOS ANGELES SACRAMENTO SAN FRANCISCO Town of Southold,New York PORTLAND ANN $500,000 Bonds for Stormwater Mitigation RALEIGHOR (Our File Designation: 2615/45944) Kristie Hansen-Hightower, CPA Comptroller Town of Southold 54375 Main Road Southold,New York 11971 Dear Kristie: The bond resolution authorizing the above bonds takes effect thirty (30) days after its adoption and is to be published, in summary, in the official newspaper together with a statutory form of notice thereby commencing a 20-day statute of limitations period pursuant to the provisions of Section 80.00 et seq. of the Local Finance Law. With reference thereto, I have prepared and enclose herewith the following: (a) Certificate of No Referendum (b) Notice and Summary of the bond resolution in readiness for publication. Please do not hesitate to call if you have any questions regarding the enclosed documents. Kindly send me an executed copy of the Certificate of No Referendum and an original Affidavit of Publication, when available. With best regards, I am Very truly yours, Robert P. Smith RPS/ml Enclosures a CERTIFICATE OF NO REFERENDUM I, DENIS NONCARROW, Town Clerk of the Town of Southold, in the County of Suffolk, State of New York, HEREBY CERTIFY as follows: That a resolution of the Town Board of the Town of Southold, in the County of Suffolk, State of New York, entitled: "Bond Resolution of the Town of Southold, New York, adopted June 7, 2022, authorizing the construction of drainage improvements for stormwater mitigation, stating the estimated maximum cost thereof is $500,000, appropriating said amount for such purpose, and authorizing the issuance of bonds in the principal amount of$500,000 to finance said appropriation," was adopted June 7, 2022, and that the notice setting forth the date of adoption of the resolution and containing an abstract of said resolution which concisely stated the purpose and effect thereof, was duly posted and published as required by law. That no petition signed and acknowledged by the electors of the Town protesting against said resolution and requesting that said resolution be submitted to the electors of the Town for their approval or disapproval has been filed with the Town Clerk within thirty days after the date of the adoption thereof, or at any other time since said adoption. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the corporate seal of said Town this 8th day of July, 2022. (SEAL) Town Clerk 3676096.1 045944 RSIND NOTICE The resolution, a summary of which is published herewith, has been adopted on the 7th day of June, 2022, and an abstract thereof has been published and posted as required by law and the period of time has elapsed for the submission and filing of a petition for a permissive referendum and a valid petition has not been submitted and filed. The validity of the obligations authorized by such resolution may be hereafter contested only if such obligations were authorized for an object or purpose for which the Town of Southold, in the County of Suffolk, New York, is not authorized to expend money or if the provisions of law which should have been complied with as of the date of publication of this notice were not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of publication of the notice, or such obligations were authorized in violation of the provisions of the constitution. DENIS NONCARROW Town Clerk BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED JUNE 7, 2022, AUTHORIZING THE CONSTRUCTION OF DRAINAGE IMPROVEMENTS FOR STORMWATER MITIGATION, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $500,000, APPROPRIATING SAID AMOUNT FOR SUCH PURPOSE, AND AUTHORIZING THE ISSUANCE OF BONDS IN THE PRINCIPAL AMOUNT OF $500,000 TO FINANCE SAID APPROPRIATION The object or purpose for which the bonds are authorized is the construction of drainage improvements for stormwater mitigation at the estimated maximum cost of$500,000. The maximum amount of obligations authorized to be issued is $500,000. The period of probable usefulness is forty (40) years. A complete copy of the bond resolution summarized above shall be available for public inspection during normal business hours at the office of the Town Clerk, at the Town Hall, 53095 Main Street, Southold,New York. 3676096.1 045944 RSIND DENIS NONCARROW �� ®�� Town Hall,53095 Main Road TOWN CLERK RO.Box 1179 Southold,New York 11971 REGISTRAR OF VITAL STATISTICS ® '` Fax(631)765-6145 MARRIAGE OFFICER "�°'s�P Telephone(631)765-1800 RECORDS MANAGEMENT OFFICER www.southoldtownny.gov FREEDOM OF INFORMATION OFFICER OFFICE OF THE TOWN CLERK TOWN OF SOUTHOLD June 21, 2022 ��Z - �a8 a tiu us 'Town of Southold,New York $500,000 Bonds for Stormwater Mitigation (Our File Designation: 2615/ Mr Robert P. Smith Hawkins, Delafield & Wood 7 World Trade Center 250 Greenwich Street, 41s'Floor New York,NY 10007 Dear Mr. Smith: Enclosed find the following documentation for the above referenced bond: 1. Bond Adoption Resolution 2. Extract of Minutes 3. Certification of Minutes 4. Legal Notice to appear in the Suffolk Times, the Town website and Town Clerk Bulletin Board 5. Affidavit of Posting 6. Affidavit of Publication I have also enclosed the Affidavit of publication from the 1St bond that had to be re-done for your files. Please let me know if there are any other documents you need from this office at this time. Very truly you s, Lynda M Rudder Deputy Town Clerk encs Southold Town Board -Letter Board Meeting of June 7, 2022 RESOLUTION 2022-497 Item# 5.23 ADOPTED DOC ID: 18165 THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION NO. 2022-497 WAS ADOPTED AT THE REGULAR MEETING OF THE SOUTHOLD TOWN BOARD ON JUNE 7, 2022: BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED JUNE 7, 2022, AUTHORIZING THE CONSTRUCTION OF DRAINAGE IMPROVEMENTS FOR STORMWATER MITIGATION, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $500,000, APPROPRIATING SAID AMOUNT FOR SUCH PURPOSE, AND AUTHORIZING THE ISSUANCE OF BONDS IN THE PRINCIPAL AMOUNT OF $500,000 TO FINANCE SAID APPROPRIATION THE TOWN BOARD OF THE TOWN OF SOUTHOLD, IN THE COUNTY OF SUFFOLK, NEW YORK, HEREBY RESOLVES (by the favorable vote of not less than two- thirds of all the members of said Town Board) AS FOLLOWS: Section 1. The Town of Southold, in the County of Suffolk, New York (herein called the "Town"), is hereby authorized to construct drainage improvements for stormwater mitigation. The estimated maximum cost thereof, including preliminary costs and costs incidental thereto and the financing thereof, is $500,000 and said amount is hereby appropriated for such purpose. The plan of financing includes the issuance of bonds in the principal amount of$500,000 to finance said appropriation, and the levy and collection of taxes on all the taxable real property in the Town to pay the principal of said bonds and the interest thereon as the same shall become due and payable. Section 2. Bonds of the Town in the principal amount of $500,000 are hereby authorized to be issued pursuant to the provisions of the Local Finance Law, constituting Chapter 33-a of the Consolidated Laws of the State of New York (herein called the "Law"), to finance said appropriation. Section 3. The following additional matters are hereby determined and declared: (a) The period of probable usefulness applicable to the object or purpose for which said bonds are authorized to be issued, within the limitations of Section 11.00 a. 4 of the Law, is forty (40) years. (b) The proceeds of the bonds herein authorized and any bond anticipation notes issued in anticipation of said bonds may be applied to reimburse the Town for expenditures made after the effective date of this resolution for the purpose for which said bonds are authorized. The foregoing statement of intent with respect to reimbursement is made in conformity with Treasury Regulation Section 1.150-2 of the United States Treasury Department. (c) The proposed maturity of the bonds authorized by this resolution will exceed five (5)years. Generated June 8, 2022 Page 46 L 1 Southold Town Board - Letter Board Meeting of June 7, 2022 Section 4. Each of the bonds authorized by this resolution and any bond anticipation notes issued in anticipation of the sale of said bonds shall contain the recital of validity as prescribed by Section 52.00 of the Law and said bonds and any notes issued in anticipation of said bonds shall be general obligations of the Town, payable as to both principal and interest by general tax upon all the taxable real property within the Town. The faith and credit of the Town are hereby irrevocably pledged to the punctual payment of the principal of and interest on said bonds and any notes issued in anticipation of the sale of said bonds and provision shall be made annually in the budget of the Town by appropriation for (a) the amortization and redemption of the bonds and any notes in anticipation thereof to mature in such year and (b)the payment of interest to be due and payable in such year. Section 5. Subject to the provisions of this resolution and of the Law and pursuant to the provisions of Section 21.00 of the Law relative to the authorization of bonds with substantially level or declining annual debt service, Section 30.00 relative to the authorization of the issuance of bond anticipation notes and Section 50.00 and Sections 56.00 to 60.00 and Section 168.00 of the Law, the powers and duties of the Town Board relative to authorizing bond anticipation notes and prescribing the terms, form and contents and as to the sale and issuance of the bonds herein authorized, and of any bond anticipation notes issued in anticipation of said bonds, and the renewals of said bond anticipation notes, and as to the execution of agreements for credit enhancements, are hereby delegated to the Supervisor, the chief fiscal officer of the Town. Section 6. The validity of the bonds authorized by this resolution, and of any notes issued in anticipation of the sale of said bonds, may be contested only if: (a) such obligations are authorized for an object or purpose for which the Town is not authorized to expend money, or (b) the provisions of law which should be complied with at the date of publication of such resolution, or a summary thereof, are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) such obligations are authorized in violation of the provisions of the constitution. Section 7. This bond resolution is subject to a permissive referendum and the Town Clerk is hereby authorized and directed, within ten (10) days after the adoption of this resolution, to cause to be published in "The Suffolk Times, " a newspaper having a general circulation within said Town and hereby designated the official newspaper of the Town for such publication and posted on the sign board of the Town maintained pursuant to the Town Law, a Notice in substantially the following form: TOWN OF SOUTHOLD,NEW YORK PLEASE TAKE NOTICE that on June 7, 2022, the Town Board of the Town of Southold, in the County of Suffolk,New York, adopted a bond resolution entitled: "Bond Resolution of the Town of Southold, New York, adopted June 7, 2022, authorizing the construction of drainage improvements for stormwater mitigation, stating the estimated Generated June 8, 2022 Page 47 Southold Town Board - Letter Board Meeting of June 7, 2022 maximum cost thereof is $500,000, appropriating said amount for such purpose, and authorizing the issuance of bonds in the principal amount of$500,000 to finance said appropriation," an abstract of which bond resolution concisely stating the purpose and effect thereof, being as follows: FIRST: AUTHORIZING said Town to construct drainage improvements for stormwater mitigation; STATING the estimated maximum cost thereof, including preliminary costs, and costs incidental thereto and the financing thereof, is $500,000; APPROPRIATING said amount for such purpose; and STATING the plan of financing includes the issuance of bonds in the principal amount of $500,000 to finance said appropriation, and the levy and collection of taxes on all the taxable real property in the Town to pay the principal of said bonds and the interest thereon; SECOND: AUTHORIZING the issuance of bonds in the principal amount of $500,000 pursuant to the Local Finance Law of the State of New York to finance said appropriation; THIRD: DETERMINING and STATING that the period of probable usefulness applicable to the object or purpose for which said bonds are authorized to be issued is forty (40) years; the proceeds of said bonds and any bond anticipation notes issued in anticipation thereof may be applied to reimburse the Town for expenditures made after the effective date of this bond resolution for the purposes for which said bonds are authorized; and the proposed maturity of said bonds will exceed five (5)years; FOURTH: DETERMINING that said bonds and any bond anticipation notes issued in anticipation of said bonds and the renewals of said bond anticipation notes shall be general obligations of the Town; and PLEDGING to their payment the faith and credit of the Town; FIFTH: DELEGATING to the Supervisor the powers and duties as to the issuance of said bonds and any bond anticipation notes issued in anticipation of said bonds, or the renewals thereof; and SIXTH: DETERMINING that the bond resolution is subject to a permissive referendum. DATED: June 7, 2022 Denis Noncarrow Town Clerk Section 8. The Town Clerk is hereby authorized and directed, after said bond resolution shall take effect, to cause said bond resolution to be published, in summary, in the newspaper referred to in Section 7 hereof, and hereby designated the official newspaper for said publication, together with a Notice in substantially the form as provided by Section 81.00 of the Local Finance Law, constituting Chapter 33-a of the Consolidated Laws of the State of New York. Generated June 8, 2022 Page 48 Southold Town Board - Letter Board Meeting of June 7, 2022 Denis Noncarrow Southold Town Clerk RESULT: ADOPTED [UNANIMOUS] MOVER: Louisa P. Evans, Justice SECONDER:Jill Doherty, Councilwoman AYES: Nappa, Doroski, Mealy, Doherty,Evans, Russell Generated June 8, 2022 Page 49 EXTRACT OF MINUTES Meeting of the Town Board of the Town of Southold, in the County of Suffolk,New York June 7, 2022 A meeting of the Town Board of the Town of Southold, in the County of Suffolk, New York, was held at the Town Hall, 53095 Main Road, Southold,New York, on June 7, 2022. There were present: Hon. Scott A. Russell, Supervisor; and There were present: Scott A. Russell, Supervisor; and Councilpersons: Justice Louisa p. Evans Councilwoman Jill Doherty Councilwoman Sarah E. Nappa Councilman Brian O. Mealy Councilman Greg Doroski There were absent: None Also present: Denis Noncarrow, Town Clerk John Burke, Deputy Town Attorney Justice Louisa P. Evans offered the following resolution and moved its adoption: BOND RESOLUTION OF THE TOWN OF SOUTHOLD,NEW YORK, ADOPTED JUNE 7, 2022, AUTHORIZING THE CONSTRUCTION OF DRAINAGE IMPROVEMENTS FOR STORMWATER MITIGATION, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $500,000, APPROPRIATING SAID AMOUNT FOR SUCH PURPOSE, AND AUTHORIZING THE ISSUANCE OF BONDS IN THE PRINCIPAL AMOUNT OF $500,000 TO FINANCE SAID APPROPRIATION THE TOWN BOARD OF THE TOWN OF SOUTHOLD, IN THE COUNTY OF SUFFOLK, NEW YORK, HEREBY RESOLVES (by the favorable vote of not less than two- thirds of all the members of said Town Board) AS FOLLOWS: Section 1. The Town of Southold, in the County of Suffolk, New York (herein called the "Town"), is hereby authorized to construct drainage improvements for stormwater mitigation. The estimated maximum cost thereof, including preliminary costs and costs incidental thereto and the financing thereof, is $500,000 and said amount is hereby appropriated for such purpose. The plan of financing includes the issuance of bonds in the principal amount of$500,000 to finance said appropriation, and the levy and collection of taxes on all the taxable real property in the Town to pay the principal of said bonds and the interest thereon as the same shall become due and payable. Section 2. Bonds of the Town in the principal amount of $500,000 are hereby authorized to be issued pursuant to the provisions of the Local Finance Law, constituting Chapter 33-a of the Consolidated Laws of the State of New York(herein called the"Law"),to finance said appropriation. Section 3. The following additional matters are hereby determined and declared: (a) The period of probable usefulness applicable to the object or purpose for which said bonds are authorized to be issued, within the limitations of Section 11.00 a. 4 of the Law, is forty (40)years. (b) The proceeds of the bonds herein authorized and any bond anticipation notes issued in anticipation of said bonds may be applied to reimburse the Town for expenditures made after the effective date of this resolution for the purpose for which said bonds are authorized. The foregoing statement of intent with respect to reimbursement is made in conformity with Treasury Regulation Section 1.150-2 of the United States Treasury Department. (c) The proposed maturity of the bonds authorized by this resolution will exceed five (5) years. Section 4. Each of the bonds authorized by this resolution and any bond anticipation notes issued in anticipation of the sale of said bonds shall contain the recital of validity as prescribed by Section 52.00 of the Law and said bonds and any notes issued in anticipation of said bonds shall be general obligations of the Town, payable as to both principal and interest by general tax upon all the taxable real property within the Town. The faith and credit of the Town are hereby irrevocably pledged to the punctual payment of the principal of and interest on said bonds and any notes issued in anticipation of the sale of said bonds and provision shall be made annually in the budget of the Town by appropriation for (a) the amortization and redemption of the bonds and any notes in anticipation thereof to mature in such year and (b) the payment of interest to be due and payable in such year. Section 5. Subject to the provisions of this resolution and of the Law and pursuant to the provisions of Section 21.00 of the Law relative to the authorization of bonds with substantially level or declining annual debt service, Section 30.00 relative to the authorization of the issuance of bond anticipation notes and Section 50.00 and Sections 56.00 to 60.00 and Section 168.00 of the Law, the powers and duties of the Town Board relative to authorizing bond anticipation notes and prescribing the terms, form and contents and as to the sale and issuance of the bonds herein authorized, and of any bond anticipation notes issued in anticipation of said bonds, and the renewals of said bond anticipation notes, and as to the execution of agreements for credit enhancements, are hereby delegated to the Supervisor,the chief fiscal officer of the Town. Section 6. The validity of the bonds authorized by this resolution, and of any notes issued in anticipation of the sale of said bonds, may be contested only if: (a) such obligations are authorized for an object or purpose for which the Town is not authorized to expend money, or (b) the provisions of law which should be complied with at the date of publication of such resolution, or a summary thereof, are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) such obligations are authorized in violation of the provisions of the constitution. Section 7. This bond resolution is subject to a permissive referendum and the Town Clerk is hereby authorized and directed, within ten (10) days after the adoption of this resolution, to cause to be published in "The Suffolk Times, " a newspaper having a general circulation within said Town and hereby designated the official newspaper of the Town for such publication and posted on the sign board of the Town maintained pursuant to the Town Law, a Notice in substantially the following form: TOWN OF SOUTHOLD,NEW YORK PLEASE TAKE NOTICE that on June 7, 2022, the Town Board of the Town of Southold, in the County of Suffolk,New York, adopted a bond resolution entitled: "Bond Resolution of the Town of Southold,New York, adopted June 7, 2022, authorizing the construction of drainage improvements for stormwater mitigation, stating the estimated maximum cost thereof is $500,000, appropriating said amount for such purpose, and authorizing the issuance of bonds in the principal amount of$500,000 to finance said appropriation," an abstract of which bond resolution concisely stating the purpose and effect thereof,'being as follows: FIRST: AUTHORIZING said Town to construct drainage improvements for stormwater mitigation; STATING the estimated maximum cost thereof, including preliminary costs, and costs incidental thereto and the financing thereof, is $500,000; APPROPRIATING said amount for such purpose; and STATING the plan of financing includes the issuance of bonds in the principal amount of$500,000 to finance said appropriation,and the levy and collection of taxes on all the taxable real property in the Town to pay the principal of said bonds and the interest thereon; SECOND: AUTHORIZING the issuance of bonds in the principal amount of $500,000 pursuant to the Local Finance Law of the State of New York to finance said appropriation; THIRD: DETERMINING and STATING that the period of probable usefulness applicable to the object or purpose for which said bonds are authorized to be issued is forty (40) years; the proceeds of said bonds and any bond anticipation notes issued in anticipation thereof may be applied to reimburse the Town for expenditures made after the effective date of this bond resolution for the purposes for which said bonds are authorized; and the proposed maturity of said bonds will exceed five (5) years; FOURTH: DETERMINING that said bonds and any bond anticipation notes issued in anticipation of said bonds and the renewals of said bond anticipation notes shall be general obligations of the Town;and PLEDGING to their payment the faith and credit of the Town; FIFTH: DELEGATING to the Supervisor the powers and duties as to the issuance of said bonds and any bond anticipation notes issued in anticipation of said bonds, or the renewals thereof; and SIXTH: DETERMINING that the bond resolution is subject to a permissive referendum. DATED: June 7, 2022 Denis Noncarrow Town Clerk Section 8. The Town Clerk is hereby authorized and directed, after said bond resolution shall take effect, to cause said bond resolution to be published, in summary, in the newspaper referred to in Section 7 hereof, and hereby designated the official newspaper for said publication, together with a Notice in substantially the form as provided by Section 81.00 of the Local Finance Law, constituting Chapter 33-a of the Consolidated Laws of the State of New York. The adoption of the foregoing resolution was seconded by Councilwoman Jill Doherty and duly put to a vote on roll call, which resulted as follows: AYES: Scott A. Russell, Supervisor Justice Louisa p. Evans Councilwoman Jill Doherty Councilwoman Sarah E. Nappa Councilman Brian O. Mealy Councilman Greg Doroski NOES: None The resolution was declared adopted. CERTIFICATE I, DENIS NONCARROW, Town Clerk of the Town of Southold, in the County of Suffolk, State of New York, HEREBY CERTIFY that the foregoing annexed extract from the minutes of a meeting of the Town Board of said Town of Southold duly called and held on June 7, 2022, has been compared by me with the original minutes as officially recorded in my office in the Minute Book of said Town Board and is a true, complete and correct copy thereof and of the whole of said original minutes so far as the same relate to the subject matters referred to in said extract. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the corporate seal of said Tow f Southold this 7th day of June, 2022. (SEAL) Town Clerk LEGAL NOTICE TOWN OF SOUTHOLD,NEW YORK PLEASE TAKE NOTICE that on June 7, 2022, the Town Board of the Town of Southold, in the County of Suffolk,New York, adopted a bond resolution entitled: "Bond Resolution of the Town of Southold,New York, adopted June 7, 2022, authorizing the construction of drainage improvements for stormwater mitigation, stating the estimated maximum cost thereof is $500,000, appropriating said amount for such purpose, and authorizing the issuance of bonds in the principal amount of$500,000 to finance said appropriation," an abstract of which bond resolution concisely stating the purpose and effect thereof, being as follows: FIRST: AUTHORIZING said Town to construct drainage improvements for stormwater mitigation; STATING the estimated maximum cost thereof, including preliminary costs, and costs incidental thereto and the financing thereof, is $500,000; APPROPRIATING said amount for such purpose; and STATING the plan of financing includes the issuance of bonds in the principal amount of$500,000 to finance said appropriation, and the levy and collection of taxes on all the taxable real property in the Town to pay the principal of said bonds and the interest thereon; SECOND: AUTHORIZING the issuance of bonds in the principal amount of $500,000 pursuant to the Local Finance Law of the State of New York to finance said appropriation; THIRD: DETERMINING and STATING that the period of probable usefulness applicable to the object or purpose for which said bonds are authorized to be issued is forty (40) years; the proceeds of said bonds and any bond anticipation notes issued in anticipation thereof may be applied to reimburse the Town for expenditures made after the effective date of this bond resolution for the purposes for which said bonds are authorized; and the proposed maturity of said bonds will exceed five (5)years; FOURTH: DETERMINING that said bonds and any bond anticipation notes issued in anticipation of said bonds and the renewals of said bond anticipation notes shall be general obligations of the Town; and PLEDGING to their payment the faith and credit of the Town; FIFTH: DELEGATING to the Supervisor the powers and duties as to the issuance of said bonds and any bond anticipation notes issued in anticipation of said bonds, or the renewals thereof; and SIXTH: DETERMINING that the bond resolution is subject to a permissive referendum. DATED: June 7, 2022 Denis Noncarrow Town Clerk AFFIDAVIT OF POSTING STATE OF NEW YORK ) :ss: COUNTY OF SUFFOLK ) DENIS NONCARROW, being duly sworn, deposes and says: That he is and at all times hereinafter mentioned he was the duly qualified and acting Town Clerk of the Town of Southold, State of New York; That on June 9, 2022, he has caused to be conspicuously posted and fastened up a Notice setting forth an abstract of the bond resolution duly adopted by the Town Board on June 7, 2022, a copy of which is annexed hereto and made a part e eof, on t e sign board of the Town maintained pursuant to the Town Law. Town Cler Subscribed and sworn to before me this 9th day of June, 2022. Nothy Public, State of New York LYNDA M. RUDDER Notary Public, State of New York No. 01 RU6020932 Qualified in Suffolk County Commission Expires March 8,2� c' i 96e8ddaf-4c9b-4d52-b8b3-5b87f257c8dd lynda.rudder@town.southold.ny.us i AFFIDAVIT OF PUBLICATION i The Suffolk Times State of New York, County of,Suffolk, i i The undersigned is the authorized designee of The Suffolk Times,a Weekly Newspaper published in Suffolk County,New York. I certify that the public notice,a printed copy of which is attached hereto, was printed and published in this newspaper on the following dates: June 09,2022 This newspaper has been designated by the County Clerk of Suffolk County,as a newspaper of record in this county,and as such, is eligible to publish such notices. Signature Eliot T. Putnam Printed Name Subscribed and sworn to before me, This 09 day of June 2022 Notary Signatu : OF NEW PORK Notary Public Stamp : NOTARY PUBLIC, ALBANY o (� '• 01 H03984-13 p 'siO7 O'Pmoo` 'SSfON MVN"'�S�`��a` { "I'sh a u►►►``�� SOUTHOLD TOWN CLERK 1 r I 96e8ddaf-4c9b-4d52-b8b3-5b87f257c8dd lynda.rudder@town.southoId.ny.us AFFIDAVIT OF PUBLICATION The Suffolk Times i LEGAL NOTICE TOWN OF SOUTHOLD, NY PLEASE TAKE NOTICE that on June 7,2022,the Town Board of the Town of Southold,in the County of Suffolk, New York,adopted a bond resolution entitled: "Bond Resolution of the Town of Southold, New York,adopted June 7,2022, authorizing the construction of drainage improvements for stormwater mitigation,stating the estimated maximum cost thereof is $500,000,appropriating said amount for such purpose,and authorizing the issuance of bonds in the principal amount of$500,000 to finance said appropriation," an abstract of which bond resolution concisely stating the purpose and effect thereof, being as follows: FIRST: AUTHORIZING said Town to construct drainage improvements for stormwater mitigation;STATING the estimated maximum cost thereof, including preliminary costs, and costs incidental thereto and the financing thereof, is$500,000; APPROPRIATING said amount for such purpose; and STATING the plan of financing includes the issuance of bonds in the principal amount of$500,000 to finance said appropriation,and the levy and collection of taxes on all the taxable real property in the Town to pay the principal of said bonds and the interest thereon; SECOND: AUTHORIZING the issuance of bonds in the principal amount of $500,000 pursuant to the Local Finance Law of the State of New SOUTHOLD TOWN CLERK 2 r 96e8ddaf-4c9b-4d52-b8b3-5b87f257c8dd lynda.rudder@town.southoI d.ny.us AFFIDAVIT OF PUBLICATION The Suffolk Times York to finance said appropriation; THIRD: DETERMINING and STATING that the period of probable usefulness applicable to the object or purpose for which said bonds are authorized to be issued is forty(40)years;the proceeds of said bonds and any bond anticipation notes issued in anticipation thereof may be applied to reimburse the Town for expenditures made after the effective date of this bond resolution for the purposes for which said bonds are authorized; and the proposed maturity of said bonds will exceed five (5)years; FOURTH: DETERMINING that said bonds and any bond anticipation notes issued in anticipation of said bonds and the renewals of said bond anticipation notes shall be general obligations of the Town; and PLEDGING to their payment the faith and credit of the Town; FIFTH: DELEGATING to the Supervisor the powers and duties as to the issuance of said bonds and any bond anticipation notes issued in anticipation of said bonds, or the renewals thereof; and SIXTH: DETERMINING that the bond resolution is subject to a permissive referendum. DATED:June 7,2022 Denis Noncarrow,Town Clerk SOUTHOLD TOWN CLERK 3 I f9e969f9-43e2-4c04-b9eb-41b786747a5e lynda.rudder@town.southold.ny.us AFFIDAVIT OF PUBLICATION The Suffolk Times State of New York, County of,Suffolk, The undersigned is the authorized designee of The Suffolk Times, a Weekly Newspaper published in Suffolk County, New York. I certify that the public notice,a printed copy of which is attached hereto, was printed and published in this newspaper on the following dates: s May 19, 2022 This newspaper has been designated by the County Clerk of Suffolk County, as a newspaper of record in this county,and as such, is eligible to publish such notices. Signature Eliot T. Putnam Prihted Name Subscribed and sworn to before me, This 19 day of May 2022 otary Signa re • ��� .' STATE ' OF NEW PORK '. Notary Public Stamp NOTARY PUBLIC: ALBANY 0IRE6399443 �O i SOUTHOLD TOWN CLERK I i I f9e969f9-43e2-4c04-b9eb-41b786747a5e lynda.rudder@town.southo Id.ny.us AFFIDAVIT OF PUBLICATION The Suffolk Times i NOTICE The resolution,a summary of which is published herewith, has been adopted on the 29th day of March, 2022, and an abstract thereof has been published and posted as required by law and the period of time has elapsed for the submission and-filing of a petition for a permissive referendum and a valid petition has not been submitted and filed. The validity of the obligations authorized by such resolution may be hereafter contested only if such obligations were authorized for an object or purpose for which the Town of Southold, in the County of Suffolk, New York, is not authorized to expend money or if the provisions of law which should have been complied with as of the date of publication of this notice were not substantially complied with, and an action,suit or proceeding contesting such validity is commenced within twenty days after the date of publication of the notice, or such obligations were authorized in violation of the provisions of the constitution. DENIS NONCARROW Town Clerk BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK,ADOPTED MARCH 29, 2022,AUTHORIZING THE CONSTRUCTION OF DRAINAGE IMPROVEMENTS FOR STORMWATER MITIGATION, STATING THE ESTIMATED MAXIMUM COSTTHEREOF IS i $500,000,APPROPRIATING SAID AMOUNT FOR SUCH PURPOSE, AND AUTHORIZING THE 1 2 SOUTHOLD TOWN CLERK I r f9e969f9-43e2-4c04-b9eb-4116786747a5e lynda.rudder@town.southo Id.ny.us j AFFIDAVIT OF PUBLICATION The Suffolk Times ISSUANCE OF BONDS IN THE PRINCIPAL AMOUNT OF$500,000 TO FINANCE SAID APPROPRIATION The'object or purpose for which the bonds are authorized is the construction of drainage improvements for stormwater mitigation at the estimated maximum cost of$500,000. The maximum amount of obligations authorized to be issued is$500,000. The period of probable usefulness is forty(40)years. A complete copy of the bond resolution summarized above shall be available for public inspection during normal business hours at the office of the Town Clerk, at the Town Hall, 53095 Main Street, Southold, New York. SOUTHOLD TOWN CLERK 3 I i Times Review Media Group Invoice#: 96e8ddaf The Suffolk Times Date: 06/03/2022 Bill To Customer Email SOUTHOLD TOWN CLERK lynda.rudder@town.southold.ny.us t Affidavits will be mailed or emailed (as ordered) 7 days AFTER THE LAST INSERTION DATE Description Publish Date Amount; I PUBLIC 06/09/2022 $61.33 i ! Affidavit(eMail) 1 $25.00 Affidavit(Mail) 0 $0.00 j Total: $86.33 Please remit checks payable to: Balance: $86.33 Times Review Media Group PO Box 1500 t Mattituck, NY 11952 The invoice number MUST be included on your check to ensure that your payment is , i applied correctly. LEGAL NOTICE TOWN OF SOUTHOLD,NY PLEASE TAKE NOTICE that on June 7, 2022, the Town Board of the Town of Southold, in the County of Suffolk, New York, adopted a bond resolution entitled:"Bond Resolution of the Town of Southold, New York, adopted June 7, 2022, authorizing the construction of drainage improvements for stormwater mitigation, stating the estimated maximum cost thereof is $500,000, appropriating said amount for such purpose, and authorizing the issuance of bonds in the principal amount of$500,000 to finance said appropriation," an abstract of which bond resolution concisely stating the purpose and effect thereof,being as follows: FIRST: AUTHORIZING said Town to construct drainage improvements for stormwater mitigation;STATING the estimated maximum cost thereof,including preliminary costs, and costs incidental thereto and the financing thereof,is$500,000; APPROPRIATING said amount for such purpose;and STATING the plan of financing includes the issuance of bonds in the principal amount of$500,000 to finance said appropriation,and the levy and collection of taxes on all the taxable real property in the Town to pay the principal of said bonds and the interest thereon; SECOND: AUTHORIZING the issuance of bonds in the principal amount of $500,000 pursuant to the Local Finance Law of the State of New York to finance said appropriation; THIRD: DETERMINING and STATING that the period of probable usefulness applicable to the object or purpose for which said bonds are authorized to be issued is forty(40)years;the proceeds of said bonds and any bond anticipation notes issued in anticipation thereof may be applied to reimburse the Town for expenditures made after the effective date of this bond resolution for the purposes for which said bonds are authorized; and the proposed maturity of said bonds will exceed five(5)years; FOURTH: DETERMINING that said bonds and any bond anticipation notes issued in anticipation of said bonds and the renewals of said bond anticipation notes shall be general obligations of the Town;and PLEDGING to their payment the faith and credit of the Town; FIFTH: DELEGATING to the Supervisor the powers and duties as to the issuance of said bonds and any bond anticipation notes issued in anticipation of said bonds,or the renewals thereof;and SIXTH: DETERMINING that the bond resolution is subject to a permissive referendum. DATED:June 7,2022 Denis Noncarrow,Town Clerk DELAFIELD&W00D'L.LP PHONE: 212-820-9300 7 WORLD TRADE CENTER NEW YORK FAX: 212-514-8425 250 GREENWICH STREET WASHINGTON NEW YORK,NY 10007 NEWARK WWW.HAWKINS.COM HARTFORD LOS ANGELES SACRAMENTO (212) 820-9662 May 26, 2022 SAN FRANCISCO PORTLAND ANN ARBOR Town of Southold,New York RALEIGH $500,000 Bonds for Stormwater Mitigation (Our File Designation: 2615/ 1 Kristie Hansen-Hightower, CPA Comptroller Town of Southold 54375 Main Road Southold,New York 11971 Dear Kristie: Pursuant to your request,I have prepared the attached Extract of Minutes of a Town Board meeting to be held June 7, 2022, showing adoption of the above bond resolution. Please note that the bond resolution is to be adopted by at least a two-thirds vote of the entire membership of the Town Board, without taking into consideration any temporary vacancies. Section 7 of the bond resolution contains the form of Notice of Permissive Referendum to be published in the official Town newspaper and posted on the sign board of the Town maintained pursuant to the Town Law within ten (10) days after adoption of the bond resolution. Also attached is the Affidavit of Posting to be executed by the Town Clerk. A copy of the Notice, as posted, should be attached to this Affidavit. Please obtain and forward to me a certified copy of the Extract of Minutes, an executed Affidavit of Posting and an original Affidavit of Publication. Upon receipt of same, we will forward the additional documents required with respect to the final estoppel publication of the resolution. With best regards, I am Very truly yours, Robert P. Smith RPS/ml Enclosures EXTRACT OF MINUTES Meeting of the Town Board of the Town of Southold, in the County of Suffolk, New York June 7, 2022 A meeting of the Town Board of the Town of Southold, in the County of Suffolk, New York, was held at the Town Hall, 53095 Main Road, Southold,New York, on June 7, 2022. There were present: Hon. Scott A. Russell, Supervisor; and Councilpersons: There were absent: Also present: Denis Noncarrow, Town Clerk' offered the following resolution and moved its adoption: BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED JUNE 7, 2022, AUTHORIZING THE CONSTRUCTION OF DRAINAGE IMPROVEMENTS FOR STORMWATER MITIGATION, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $500,000, APPROPRIATING SAID AMOUNT FOR SUCH PURPOSE, AND AUTHORIZING THE ISSUANCE OF BONDS IN THE PRINCIPAL AMOUNT OF $500,000 TO FINANCE SAID APPROPRIATION THE TOWN BOARD OF THE TOWN OF SOUTHOLD, IN THE COUNTY OF SUFFOLK, NEW YORK, HEREBY RESOLVES (by the favorable vote of not less than two- thirds of all the members of said Town Board) AS FOLLOWS: Section 1. The Town of Southold, in the County of Suffolk, New York (herein called the "Town"), is hereby authorized to construct drainage improvements for stormwater mitigation. The estimated maximum cost thereof, including preliminary costs and costs incidental thereto and the financing thereof, is $500,000 and said amount is hereby appropriated for such purpose. The plan of financing includes the issuance of bonds in the principal amount of$500,000 to finance said appropriation, and the levy and collection of taxes on all the taxable real property in the Town to pay the principal of said bonds and the interest thereon as the same shall become due and payable. Section 2. Bonds of the Town in the principal amount of $500,000 are hereby ' authorized to be issued pursuant to the provisions of the Local Finance Law, constituting Chapter 33-a of the Consolidated Laws of the State of New York(herein called the"Law"),to finance said appropriation. Section 3. The following additional matters are hereby determined and declared: (a) The period of probable usefulness applicable to the object or purpose for which said bonds are authorized to be issued, within the limitations of Section 11.00 a. 4 of the Law, is forty (40) years. (b) The proceeds of the bonds herein authorized and any bond anticipation notes issued in anticipation of said bonds may be applied to reimburse the Town for expenditures made after the effective date of this resolution for the purpose for which said bonds are authorized. The foregoing statement of intent with respect to reimbursement is made in conformity with Treasury Regulation Section 1.150-2 of the United States Treasury Department. (c) The proposed maturity of the bonds authorized by this resolution will exceed five (5)years. Section 4. Each of the bonds authorized by this resolution and any bond anticipation notes issued in anticipation of the sale of said bonds shall contain the recital of validity as prescribed by Section 52.00 of the Law and said bonds and any notes issued in anticipation of said bonds shall be general obligations of the Town, payable as to both principal and interest by general tax upon all the taxable real property within the Town. The faith and credit of the Town are hereby irrevocably pledged to the punctual payment of the principal of and interest on said bonds and any notes issued in anticipation of the sale of said bonds and provision shall be made annually in the budget of the Town by appropriation for (a) the amortization and redemption of the bonds and any notes in anticipation thereof to mature in such year and (b) the payment of interest to be due and payable in such year. Section 5. Subject to the provisions of this resolution and of the Law and pursuant to the provisions of Section 21.00 of the Law relative to the authorization of bonds with substantially level or declining annual debt service, Section 30.00 relative to the authorization of the issuance of bond anticipation notes and Section 50.00 and Sections 56.00 to 60.00 and Section 168.00 of the Law, the powers and duties of the Town Board relative to authorizing bond anticipation notes and prescribing the terms, form and contents and as to the sale and issuance of the bonds herein authorized, and of any bond anticipation notes issued in anticipation of said bonds, and the renewals of said bond anticipation notes, and as to the execution of agreements for credit enhancements, are hereby delegated to the Supervisor, the chief fiscal officer of the Town. Section 6. The validity of the bonds authorized by this resolution, and of any notes issued in anticipation of the sale of said bonds, may be contested only if: (a) such obligations are authorized for an object or purpose for which the Town is not authorized to expend money, or (b) the provisions of law which should be complied with at the date of publication of such resolution, or a summary thereof, are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) such obligations are authorized in violation of the provisions of the constitution. Section 7. This bond resolution is subject to a permissive referendum and the Town Clerk is hereby authorized and directed, within ten(10) days after the adoption of this resolution, to cause to be published in "The Suffolk Times, " a newspaper having a general circulation within said Town and hereby designated the official newspaper of the Town for such publication and posted on the sign board of the Town maintained pursuant to the Town Law, a Notice in substantially the following form: TOWN OF SOUTHOLD,NEW YORK PLEASE TAKE NOTICE that on June 7, 2022, the Town Board of the Town of Southold, in the County of Suffolk,New York, adopted a bond resolution entitled: "Bond Resolution of the Town of Southold,New York, adopted June 7, 2022, authorizing the construction of drainage improvements for stormwater mitigation, stating the estimated maximum cost thereof is $500,000, appropriating said amount for such purpose, and authorizing the issuance of bonds in the principal amount of$500,000 to finance said appropriation," an abstract of which bond resolution concisely stating the purpose and effect thereof, being as follows: FIRST: AUTHORIZING said Town to construct drainage improvements for stormwater mitigation; STATING the estimated maximum cost thereof, including preliminary costs, and costs incidental thereto and the financing thereof, is $500,000; APPROPRIATING said amount for such purpose; and STATING the plan of financing includes the issuance of bonds in the principal amount of$500,000 to finance said appropriation,and the levy and collection of taxes on all the taxable real property in the Town to pay the principal of said bonds and the interest thereon; SECOND: AUTHORIZING the issuance of bonds in the principal amount of $500,000 pursuant to the Local Finance Law of the State of New York to finance said appropriation; THIRD: DETERMINING and STATING that the period of probable usefulness applicable to the object or purpose for which said bonds are authorized to be issued is forty (40) years; the proceeds of said bonds and any bond anticipation notes issued in anticipation thereof may be,applied to reimburse the,Town for expenditures made after the effective date of this bond resolution for the purposes for which said bonds are authorized; and the proposed maturity of said bonds will exceed five (5)years; FOURTH: DETERMINING that said bonds and any bond anticipation notes issued in anticipation of said bonds and the renewals of said bond anticipation notes shall be general obligations of the Town;and PLEDGING to their payment the faith and credit of the Town; FIFTH: DELEGATING to the Supervisor the powers and duties as to the issuance of said bonds and any bond anticipation notes issued in anticipation of said bonds, or the renewals thereof, and SIXTH: DETERMINING that the bond resolution is subject to a permissive referendum. DATED: June 7, 2022 Denis Noncarrow Town Clerk Section 8. The Town Clerk is hereby authorized and directed, after said bond resolution shall take effect, to cause said bond resolution to be published, in summary, in the newspaper referred to in Section 7 hereof, and hereby designated the official newspaper for said publication, together with a Notice in substantially the form as provided by Section 81.00 of the Local Finance Law, constituting Chapter 33-a of the Consolidated Laws of the State of New York. 1 s The adoption of the foregoing resolution was seconded by and duly put to a vote on roll call, which resulted as follows: AYES: NOES: The resolution was declared adopted. CERTIFICATE I, DENIS NONCARROW, Town Clerk of the Town of Southold, in the County of Suffolk, State of New York, HEREBY CERTIFY that the foregoing annexed extract from the minutes of a meeting of the Town Board of said Town of Southold duly called and held on June 7, 2022, has been compared by me with the original minutes as officially recorded in my office in the Minute Book of said Town Board and is a true, complete and correct copy thereof and of the whole of said original minutes so far as the same relate to the subject matters referred to in said extract. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the corporate seal of said Town of Southold this 7th day of June, 2022. (SEAL) Town Clerk 5 AFFIDAVIT OF POSTING STATE OF NEW YORK ) :ss: COUNTY OF SUFFOLK ) DENIS NONCARROW, being duly sworn, deposes and says: That he is and at all times hereinafter mentioned he was the duly qualified and acting Town Clerk of the Town of Southold, State of New York; That on , 2022, he has caused to be conspicuously posted and fastened up a Notice setting forth an abstract of the bond resolution duly adopted by the Town Board on June 7, 2022, a copy of which is annexed hereto and made a part hereof, on the sign board of the Town maintained pursuant to the Town Law. Town Clerk Subscribed and sworn to before me this day of June, 2022. Notary Public, State of New York (NOTICE FOR PUBLICATION AND POSTING) TOWN OF SOUTHOLD,NEW YORK PLEASE TAKE NOTICE that on June 7, 2022, the Town Board of the Town of Southold, in the County of Suffolk,New York, adopted a bond resolution entitled: "Bond Resolution of the Town of Southold,New York, adopted June 7, 2022, authorizing the construction of drainage improvements for stormwater mitigation, stating the estimated maximum cost thereof is $500,000, appropriating said amount for such purpose, and authorizing the issuance of bonds in the principal amount of$500,000 to finance said appropriation," an abstract of which bond resolution concisely stating the purpose and effect thereof, being as follows: FIRST: AUTHORIZING said Town to construct drainage improvements for stormwater mitigation; STATING the estimated maximum cost thereof, including preliminary costs, and costs incidental thereto and the financing thereof, is $500,000; APPROPRIATING said amount for such purpose; and STATING the plan of financing includes the issuance of bonds in the principal amount of$500,000 to finance said appropriation,and the levy and collection of taxes on all the taxable real property in the Town to pay the principal of said bonds and the interest thereon; SECOND: AUTHORIZING the issuance of bonds in the principal amount of $500,000 pursuant to the Local Finance Law of the State of New York to finance said appropriation; THIRD: DETERMINING and STATING that the period of probable usefulness applicable to the object or purpose for which said bonds are authorized to be issued is forty (40) years; the proceeds of said bonds and any bond anticipation notes issued in anticipation thereof may be applied to reimburse the Town for expenditures made after the effective date of this bond resolution for the purposes for which said bonds are authorized; and the proposed maturity of said bonds will exceed five (5) years; FOURTH: DETERMINING that said bonds and any bond anticipation notes issued in anticipation of said bonds and the renewals of said bond anticipation notes shall be general obligations of the Town;and PLEDGING to their payment the faith and credit of the Town; FIFTH: DELEGATING to the Supervisor the powers and duties as to the issuance of said bonds and any bond anticipation notes issued in anticipation of said bonds, or the renewals thereof, and SIXTH: DETERMINING that the bond resolution is subject to a permissive referendum. DATED: June 7, 2022 Denis Noncarrow Town Clerk DENIS NONCARROW Town Hall,53095 Main Road TOWN CLERK ® P.O.Box 1179 e� Southold,New York 11971 REGISTRAR OF VITAL STATISTICS Fax(631)765-6145 MARRIAGE OFFICER Telephone(631)765-1800 RECORDS MANAGEMENT OFFICER ®� '� www.southoldtownny.gov FREEDOM OF INFORMATION OFFICER OFFICE OF THE TOWN CLERK TOWN OF SOUTHOLD May 19, 2022 Town of Southold,New York $500,000 Bonds for Stormwater Mitigation (Our File Designation: 2615/ 1 Mr Robert P. Smith Hawkins, Delafield&Wood 7 World Trade Center 250 Greenwich Street, 41St Floor New York,NY 10007 Dear Mr. Smith: Enclosed find the following documentation for the above referenced bond: 1. Affidavit of publication regarding Public Hearing 2. Certificate of No Referendum 3. Legal Notice to appear in the Suffolk Times, the Town website and Town Clerk Bulletin Board 4. Affidavit of Posting I will forward the affidavit of publication when I receive it. Please let me know if there are any other documents you need from this office at this time. Ve truly yours, (&M Rudder Deputy Town Clerk encs STATE OF NEW YORK) SS: COUNTY OF SUFFOLK) Denis Nonearrow, Town Clerk of the Town of Southold,New York being duly sworn, says that on the 10th day of May , 2022, a notice of which the annexed printed notice is a true copy was affixed, in a proper and substantial manner, in a most public place in the Town of Southold, Suffolk County,New York, to wit: Town Clerk's Bulletin Board, 53095 Main Road, Southold,New York and the Southold Town website, www.southoldtownny.gov . Bond Stormwater Mitigation estoppel posting De is Noncarrow Southold Town Clerk Sworn before me this 10th day of May 12022. Notary Public LYNDA M. RUDDER Notary Public, State of New York No. 01 RU6020932 Qualified in Suffolk County Commission Expires March 8,20� CERTIFICATE OF NO REFERENDUM I, DENIS NONCARROW, Town Clerk of the Town of Southold, in the County of Suffolk, State of New York, HEREBY CERTIFY as follows: That a resolution of the Town Board of the Town of Southold, in the County of Suffolk, State of New York, entitled: "Bond Resolution of the Town of Southold, New York, adopted March 29, 2022, authorizing the construction of drainage improvements for stormwater mitigation, stating the estimated maximum cost thereof is $500,000, appropriating said amount for such purpose, and authorizing the issuance of bonds in the principal amount of$500,000 to finance said appropriation," was adopted March 29,2022, and that the notice setting forth the date of adoption of the resolution and containing an abstract of said resolution which concisely stated the purpose and effect thereof, was duly posted and published as required by law. That no petition signed and acknowledged by the electors of the Town protesting against said resolution and requesting that said resolution be submitted to the electors of the Town for their approval or disapproval has been filed with the Town Clerk within thirty days after the date of the adoption thereof, or at any other time since said adoption. IN WITNESS WHEREOF, I have hereuset my hand and affixed the co orate se .170)f said Town this D day of X ,X2022. 06 (SEAL) - Town Cler i f7011ce2-ae34-4960-aaf4-90a10172a4ac lynda.rudder@town.southo Id.ny.us AFFIDAVIT OF PUBLICATION The Suffolk Times State of New York, County of,Suffolk, The undersigned is the authorized designee of The Suffolk Times,a Weekly Newspaper published in Suffolk County, New York. I certify that the public notice,a printed copy of which is attached hereto, was printed and published in this newspaper on the following dates: April 14,2022 This newspaper has been designated by the County Clerk of Suffolk County,as a newspaper of record in this county,and as such,is eligible to publish such notices. l Signature Eliot T. Putnam Printed Name Subscribed and sworn to before me, This 14 day of April 2022 Notary Signatu e X) •`�,`4F STATE • '. '�,��'; c OF NEW YORK'. Notary Public Stamp NOTARYPUBLIC: N •• ALBANY O (7 0IR66398443 •• OR1 ,411,,11111111000 SOUTHOLD TOWN CLERK 1 f7011ce2-ae34-4960-aaf4-90a10172a4ac lynda.rudder@town.southo Id.ny.us AFFIDAVIT OF PUBLICATION The Suffolk Times TOWN OF SOUTHOLD NEW YORK PLEASE TAKE NOTICE that on March 29,2022, the Town Board of the Town of Southold, in the County of Suffolk, New York,adopted a bond resolution entitled: "Bond Resolution of the Town of Southold, New York,adopted March 29, 2022,authorizing the construction of drainage improvements for stormwater mitigation,stating the estimated maximum cost thereof is $500,000, appropriating said amount for such purpose,and authorizing the issuance of bonds in the principal amount of$500,000 to finance said appropriation," an abstract of which bond resolution concisely stating the purpose and effect thereof, being as follows: FIRST: AUTHORIZING said Town to construct drainage improvements for stormwater mitigation;STATING the estimated maximum cost thereof, including preliminary costs, and costs incidental thereto and the financing thereof, is$500,000; APPROPRIATING said amount for such purpose;and STATING the plan of financing includes the issuance of bonds in the principal amount of$500,000 to finance said appropriation, and the levy and collection of taxes on all the taxable real property in the Town to pay the principal of said bonds and the interest thereon; SECOND: AUTHORIZING the issuance of bonds in the principal amount of $500,000 pursuant to the Local Finance Law of the State of New SOUTHOLD TOWN CLERK 2 _ e I f7011ce2-ae34-4960-aaf4-90a10172a4ac lynda.rudder@town.southo Id.ny.us AFFIDAVIT OF PUBLICATION j The Suffolk Times Yorl<to finance said appropriation; THIRD: DETERMINING and STATING that !. the period of probable usefulness applicable to the object or purpose for which said bonds are authorized to be issued is forty(40)years;the proceeds of said bonds and any bond anticipation notes issued in anticipation thereof may be applied to reimburse the Town for expenditures made after the effective date of this bond resolution for the purposes for which said bonds are authorized; and the proposed maturity of said bonds will exceed five (5)years; FOURTH: DETERMINING that said bonds and any bond anticipation notes issued in anticipation of said bonds and the renewals of said bond anticipation notes shall be general obligations of the Town;and PLEDGING to their payment the faith and credit of the Town; FI FTH: DELEGATING to the Supervisor the powers and duties as to the issuance of said bonds and any bond anticipation notes issued in anticipation of said bonds,or the renewals thereof; and SIXTH: DETERMINING that the bond resolution is subject to a permissive referendum. DATED: March 29, 2022 Denis Noncarrow Town Clerk SOUTHOLD TOWN CLERK 3 NOTICE The resolution, a summary of which is published herewith, has been adopted on the 29th day of March, 2022, and an abstract thereof has been published and posted as required by law and the period of time has elapsed for the submission and filing of a petition for a permissive referendum and a valid petition has not been submitted and filed. The validity of the obligations authorized by such resolution may be hereafter contested only if such obligations were authorized for an object or purpose for which the Town of Southold, in the County of Suffolk, New York, is not authorized to expend money or if the provisions of law which should have been complied with as of the date of publication of this notice were not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of publication of the notice, or such obligations were authorized in violation of the provisions of the constitution. DENIS NONCARROW Town Clerk BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED MARCH 29, 2022, AUTHORIZING THE CONSTRUCTION OF DRAINAGE IMPROVEMENTS FOR STORMWATER MITIGATION, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $500,000, APPROPRIATING SAID AMOUNT FOR SUCH PURPOSE, AND AUTHORIZING THE ISSUANCE OF BONDS IN THE PRINCIPAL AMOUNT OF $500,000 TO FINANCE SAID APPROPRIATION The object or purpose for which the bonds are authorized is the construction of drainage improvements for stormwater mitigation at the estimated maximum cost of$500,000. The maximum amount of obligations authorized to be issued is $500,000. The period of probable usefulness is forty (40)years. A complete copy of the bond resolution summarized above shall be available for public inspection during normal business hours at the office of the Town Clerk,at the Town Hall,53095 Main Street, Southold,New York. fi 6 Times Review Media Group Invoice#: f9e969f9 The Suffolk Times Date: 05/10/2022 Bill To Customer Email SOUTHOLD TOWN CLERK lynda.rudder@ town.southold.ny.us Affidavits will be mailed or emailed (as ordered) 7 days AFTER THE LAST INSERTION DATE. "Description,—; Pulal,ish Date Amount PUBLIC 05/19/2022 $49.83 Affidavit(eMail) 1 $25.00 Affidavit(Mail) 0 $0.00 Total: $74.83 Please remit checks payable to: Balance: Times Review Media Group $74.83 PO Box 1500 Mattituck, NY 11952 The invoice number MUST be included on your check to ensure that your payment is applied correctly. NOTICE The resolution, a summary of which is published herewith, has been adopted on the 29th day of March, 2022, and an abstract thereof has been published and posted as required by law and the period of time has elapsed for the submission and filing of a petition for a permissive referendum and a valid petition has not been submitted and filed. The validity of the obligations authorized by such resolution may be hereafter contested only if such obligations were authorized for an object or purpose for which the Town of Southold, in the County of Suffolk, New York, is not authorized to expend money or if the provisions of law which should have been complied with as of the date of publication of this notice were not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of publication of the notice, or such obligations were authorized in violation of the provisions of the constitution. DENIS NONCARROW Town Clerk BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK,ADOPTED MARCH 29, 2022,AUTHORIZING THE CONSTRUCTION OF DRAINAGE IMPROVEMENTS FOR STORMWATER MITIGATION, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $500,000,APPROPRIATING SAID AMOUNT FOR SUCH PURPOSE, AND AUTHORIZING THE ISSUANCE OF BONDS IN THE PRINCIPAL AMOUNT OF$500,000 TO FINANCE SAID APPROPRIATION The object or purpose for which the bonds are authorized is the construction of drainage improvements for stormwater mitigation at the estimated maximum cost of$500,000. The maximum amount of obligations authorized to be issued is$500,000. The period of probable usefulness is forty(40)years. A complete copy of the bond resolution summarized above shall be available for public inspection during normal business hours at the office of the Town Clerk, at the Town Hall, 53095 Main Street, Southold, New York. 1 DELARELD&WOODLLP PHONE: 212-820-9300 7 WORLD TRADE CENTER NEW YORK FAX: 212-514-8425 250 GREENWICH STREET WASHINGTON NEW YORK,NY 10007 Apri126, 2022 NEWARK WWW.HAWKINS.COM HARTFORD LOS ANGELES Town of Southold,New York SACRAMENTO SAN FRANCISCO $500,000 Bonds for Stormwater Mitigation PORTLAND (Our File Designation: 2615/45944) ANN ARBOR RALEIGH Kristie Hansen-Hightower, CPA Comptroller Town of Southold 54375 Main Road Southold,New York 11971 Dear Kristie: The bond resolution authorizing the above bonds takes effect thirty (30) days after its adoption and is to be published, in summary, in the official newspaper together with a statutory form of notice thereby commencing a 20-day statute of limitations period pursuant to the provisions of Section 80.00 et seq. of the Local Finance Law. With reference thereto, I have prepared and enclose herewith the following: (a) Certificate of No Referendum (b) Notice and Summary of the bond resolution in readiness for publication. Please do not hesitate to call if you have any questions regarding the enclosed documents. Kindly send me an executed copy of the Certificate of No Referendum and an original Affidavit of Publication, when available. With best regards, I am Very truly yours, Robert P. Smith RPS/ml Enclosures s ' CERTIFICATE OF NO REFERENDUM I, DENIS NONCARROW, Town Clerk of the Town of Southold, in the County of Suffolk, State of New York, HEREBY CERTIFY as follows: That a resolution of the Town Board of the Town of Southold, in the County of Suffolk, State of New York, entitled: "Bond Resolution of the Town of Southold, New York, adopted March 29, 2022, authorizing the construction of drainage improvements for stormwater mitigation, stating the estimated maximum cost thereof is $500,000, appropriating said amount for such purpose, and authorizing the issuance of bonds in the principal amount of$500,000 to finance said appropriation," was adopted March 29, 2022, and that the notice setting forth the date of adoption of the resolution and containing an abstract of said resolution which concisely stated the purpose and effect thereof, was duly posted and published as required by law. That no petition signed and acknowledged by the electors of the Town protesting against said resolution and requesting that said resolution be submitted to the electors of the Town for their approval or disapproval has been filed with the Town Clerk within thirty days after the date of the adoption thereof, or at any other time since said adoption. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the corporate seal of said Town this day of 2022. (SEAL) Town Clerk NOTICE The resolution, a summary of which is published herewith, has been adopted on the 29th day of March, 2022, and an abstract thereof has been published and posted as required by law and the period of time has elapsed for the submission and filing of a petition for a permissive referendum and a valid petition has not been submitted and filed. The validity of the obligations authorized by such resolution may be hereafter contested only if such obligations were authorized for an object or purpose for which the Town of Southold, in the County of Suffolk, New York, is not authorized to expend money or if the provisions of law which should have been complied with as of the date of publication of this notice were not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of publication of the notice, or such obligations were authorized in violation of the provisions of the constitution. DENIS NONCARROW Town Clerk BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED MARCH 29, 2022, AUTHORIZING THE CONSTRUCTION OF DRAINAGE IMPROVEMENTS FOR STORMWATER MITIGATION, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $500,000, APPROPRIATING SAID AMOUNT FOR SUCH PURPOSE, AND AUTHORIZING THE ISSUANCE OF BONDS IN THE PRINCIPAL AMOUNT OF $500,000 TO FINANCE SAID APPROPRIATION The object or purpose for which the bonds are authorized is the construction of drainage improvements for stormwater mitigation at the estimated maximum cost of$500,000. The maximum amount of obligations authorized to be issued is $500,000. The period of probable usefulness is forty (40) years. A complete copy of the bond resolution summarized above shall be available for public inspection during normal business hours at the office of the Town Clerk,at the Town Hall, 53095 Main Street, Southold,New York. DENIS NONCARROW -*1 �y� Town Hall,53095 Main Road TOWN CLERK ® _ P.O.Box 1179 Southold,New York 11971 REGISTRAR OF VITAL STATISTICS Fax(631)765-6145 MARRIAGE OFFICER 4 RECORDS MANAGEMENT OFFICER �® Telephone(631)765-1800 FREEDOM OF INFORMATION OFFICER www.southoldtownny.gov OFFICE OF THE TOWN CLERK TOWN OF SOUTHOLD April 12, 2022 Ed 857 027 855 US Town of Southold, New York $500,000 Bonds for Stormwater Mitigation (Our File Designation: 2615/ ) Mr Robert P. Smith Hawkins, Delafield & Wood 7 World Trade Center 250 Greenwich Street, 41"Floor New York,NY 10007 Dear Mr. Smith: Enclosed find the following documentation for the above referenced bond: 1. Bond Adoption Resolution 2. Extract of Minutes 3. Certification of Minutes 4. Legal Notice to appear in the Suffolk Times,the Town website and Town Clerk Bulletin Board 5. Affidavit of Posting 6. Acknowledgement of posting on the Town website 7. Acknowledgement by the Suffolk Times for publication I will forward the affidavit of publication when I receive it. Please let me know if there are any other documents you need from this office at this time. Very truly yours, (j Crk v ' l Wb2A,— Lynda M Rudder Deputy Town Clerk encs ;�`•�' Southold Town Board - Letter Board Meeting of March 29, 2022 RESOLUTION 2022-298 Item# 5.36 ADOPTED DOC ID: 17972 THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION NO. 2022-298 WAS ADOPTED AT THE REGULAR MEETING OF THE SOUTHOLD TOWN BOARD ON MARCH 29, 2022: BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED MARCH 29, 2022, AUTHORIZING THE CONSTRUCTION OF DRAINAGE IMPROVEMENTS FOR STORMWATER MITIGATION, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $500,000, APPROPRIATING SAID AMOUNT FOR SUCH PURPOSE, AND AUTHORIZING THE ISSUANCE OF BONDS IN THE PRINCIPAL AMOUNT OF $500,000 TO FINANCE SAID APPROPRIATION THE TOWN BOARD OF THE TOWN OF SOUTHOLD, IN THE COUNTY OF SUFFOLK, NEW YORK, HEREBY RESOLVES (by the favorable vote of not less than two- thirds of all the members of said Town Board) AS FOLLOWS: Section 1. The Town of Southold, in the County of Suffolk, New York (herein called the "Town"), is hereby authorized to construct drainage improvements for stormwater mitigation. The estimated maximum cost thereof, including preliminary costs and costs incidental thereto and the financing thereof, is $500,000 and said amount is hereby appropriated for such purpose. The plan of financing includes the issuance of bonds in the principal amount of$500,000 to finance said appropriation, and the levy and collection of taxes on all the taxable real property in the Town to pay the principal of said bonds and the interest thereon as the same shall become due and payable. Section 2. Bonds of the Town in the principal amount of $500,000 are hereby authorized to be issued pursuant to the provisions of the Local Finance Law, constituting Chapter 33-a of the Consolidated Laws of the State of New York (herein called the "Law"), to finance said appropriation. Section 3. The following additional matters are hereby determined and declared: (a) The period of probable usefulness applicable to the object or purpose for which said bonds are authorized to be issued, within the limitations of Section 11.00 a. 4 of the Law, is forty (40) years. (b) The proceeds of the bonds herein authorized and any bond anticipation notes issued in anticipation of said bonds may be applied to reimburse the Town for expenditures made after the effective date of this resolution for the purpose for which said bonds are authorized. The foregoing statement of intent with respect to reimbursement is made in conformity with Treasury Regulation Section 1.150-2 of the United States Treasury Department. (c) The proposed maturity of the bonds authorized by this resolution will exceed five (5) years. Generated March 30, 2022 Page 51 r Southold Town Board -Letter Board Meeting of March 29, 2022 Section 4. Each of the bonds authorized by this resolution and any bond anticipation notes issued in anticipation of the sale of said bonds shall contain the recital of validity as prescribed by Section 52.00 of the Law and said bonds and any notes issued in anticipation of said bonds shall be general obligations of the Town, payable as to both principal and interest by general tax upon all the taxable real property within the Town. The faith and credit of the Town are hereby irrevocably pledged to the punctual payment of the principal of and interest on said bonds and any notes issued in anticipation of the sale of said bonds and provision shall be made annually in the budget of the Town by appropriation for (a) the amortization and redemption of the bonds and any notes in anticipation thereof to mature in such year and (b)the payment of interest to be due and payable in such year. Section 5. Subject to the provisions of this resolution and of the Law and pursuant to the provisions of Section 21.00 of the Law relative to the authorization of bonds with substantially level or declining annual debt service, Section 30.00 relative to the authorization of the issuance of bond anticipation notes and Section 50.00 and Sections 56.00 to 60.00 and Section 168.00 of the Law,the powers and duties of the Town Board relative to authorizing bond anticipation notes and prescribing the terms, form and contents and as to the sale and issuance of the bonds herein authorized, and of any bond anticipation notes issued in anticipation of said bonds, and the renewals of said bond anticipation notes, and as to the execution of agreements for credit enhancements, are hereby delegated to the Supervisor, the chief fiscal officer of the Town. Section 6. The validity of the bonds authorized by this resolution, and of any notes issued in anticipation of the sale of said bonds, may be contested only if. (a) such obligations are authorized for an object or purpose for which the Town is not authorized to expend money, or (b) the provisions of law which should be complied with at the date of publication of such resolution, or a summary thereof, are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) such obligations are authorized in violation of the provisions of the constitution. Section 7. This bond resolution is subject to a permissive referendum and the Town Clerk is hereby authorized and directed, within ten (10) days after the adoption of this resolution, to cause to be published in "The Suffolk Times, " a newspaper having a general circulation within said Town and hereby designated the official newspaper of the Town for such publication and posted on the sign board of the Town maintained pursuant to the Town Law, a Notice in substantially the following form: TOWN OF SOUTHOLD,NEW YORK PLEASE TAKE NOTICE that on March 29, 2022, the Town Board of the Town of Southold, in the County of Suffolk,New York, adopted a bond resolution entitled: "Bond Resolution of the Town of Southold, New York, adopted March 29, 2022, authorizing the construction of drainage improvements for stormwater mitigation, stating the Generated March 30, 2022 Page 52 Southold Town Board -Letter Board Meeting of March 29, 2022 estimated maximum cost thereof is $500,000, appropriating said amount for such purpose, and authorizing the issuance of bonds in the principal amount of $500,000 to finance said appropriation," an abstract of which bond resolution concisely stating the purpose and effect thereof, being as follows: FIRST: AUTHORIZING said Town to construct drainage improvements for stormwater mitigation; STATING the estimated maximum cost thereof, including preliminary costs, and costs incidental thereto and the financing thereof, is $500,000; APPROPRIATING said amount for such purpose; and STATING the plan of financing includes the issuance of bonds in the principal amount of $500,000 to finance said appropriation, and the levy and collection of taxes on all the taxable real property in the Town to pay the principal of said bonds and the interest thereon; SECOND: AUTHORIZING the issuance of bonds in the principal amount of $500,000 pursuant to the Local Finance Law of the State of New York to finance said appropriation; THIRD: DETERMINING and STATING that the period of probable usefulness applicable to the object or purpose for which said bonds are authorized to be issued is forty (40) years; the proceeds of said bonds and any bond anticipation notes issued in anticipation thereof may be applied to reimburse the Town for expenditures made after the effective date of this bond resolution for the purposes for which said bonds are authorized; and the proposed maturity of said bonds will exceed five (5)years, FOURTH: DETERMINING that said bonds and any bond anticipation notes issued in anticipation of said bonds and the renewals of said bond anticipation notes shall be general obligations of the Town; and PLEDGING to their payment the faith and credit of the Town; FIFTH: DELEGATING to the Supervisor the powers and duties as to the issuance of said bonds and any bond anticipation notes issued in anticipation of said bonds, or the renewals thereof, and SIXTH: DETERMINING that the bond resolution is subject to a permissive referendum. DATED: March 29, 2022 Denis Noncarrow Town Clerk Section 8. The Town Clerk is hereby authorized and directed, after said bond resolution shall take effect, to cause said bond resolution to be published, in summary, in the newspaper referred to in Section 7 hereof, and hereby designated the official newspaper for said publication, together with a Notice in substantially the form as provided by Section 81.00 of the Local Finance Law, constituting Chapter 33-a of the Consolidated Laws of the State of New York. Denis Nonearrow Generated March 30, 2022 Page 53 Southold Town Board - Letter Board Meeting of March 29, 2022 Southold Town Clerk RESULT: ADOPTED [UNANIMOUS] MOVER: Louisa P. Evans, Justice SECONDER:Greg Doroski, Councilman AYES: Nappa, Doroski, Mealy, Doherty, Evans Generated March 30, 2022 Page 54 V EXTRACT OF MINUTES Meeting of the Town Board of the Town of Southold, in the County of Suffolk,New York March 29, 2022 A meeting of the Town Board of the Town of Southold, in the County of Suffolk, New York, was held at the Town Hall, 53095 Main Road, Southold, New York, on March 29, 2022. There were present: Councilwoman Jill Doherty Councilwoman Sarah Nappa Councilman Greg Doroski Councilman Brian Mealy Justice Louisa Evan Absent: Hon. Scott A. Russell, Supervisor Also present: Denis Noncarrow, Town Clerk John Burke, Deputy Town Attorney Justice Louisa Evan offered the following resolution and moved its adoption: BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED MARCH 29, 2022, AUTHORIZING THE CONSTRUCTION OF DRAINAGE IMPROVEMENTS FOR STORMWATER MITIGATION, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $500,000, APPROPRIATING SAID AMOUNT FOR SUCH PURPOSE, AND AUTHORIZING THE ISSUANCE OF BONDS IN THE PRINCIPAL AMOUNT OF $500,000 TO FINANCE SAID APPROPRIATION THE TOWN BOARD OF THE TOWN OF SOUTHOLD, IN THE COUNTY OF SUFFOLK, NEW YORK, HEREBY RESOLVES (by the favorable vote of not less than two- thirds of all the members of said Town Board) AS FOLLOWS: Section 1. The Town of Southold, in the County of Suffolk, New York (herein called the "Town"), is hereby authorized to construct drainage improvements for stormwater mitigation. The estimated maximum cost thereof, including preliminary costs and costs incidental thereto and the financing thereof, is $500,000 and said amount is hereby appropriated for such purpose. The plan of financing includes the issuance of bonds in the principal amount of$500,000 to finance said appropriation, and the levy and collection of taxes on all the taxable real property in the Town to pay the principal of said bonds and the interest thereon as the same shall become due and payable. Section 2. Bonds of the Town in the principal amount of $500,000 are hereby authorized to be issued pursuant to the provisions of the Local Finance Law, constituting Chapter 33-a of the Consolidated Laws of the State of New York(herein called the"Law"),to finance said appropriation. Section 3. The following additional matters are hereby determined and declared: (a) The period of probable usefulness applicable to the object or purpose for which said bonds are authorized to be issued, within the limitations of Section 11.00 a. 4 of the Law, is forty (40) years. (b) The proceeds of the bonds herein authorized and any bond anticipation notes issued in anticipation of said bonds may be applied to reimburse the Town for expenditures made after the effective date of this resolution for the purpose for which said bonds are authorized. The foregoing statement of intent with respect to reimbursement is made in conformity with Treasury Regulation Section 1.150-2 of the United States Treasury Department. (c) The proposed maturity of the bonds authorized by this resolution will exceed five (5)years. Section 4. Each of the bonds authorized by this resolution and any bond anticipation notes issued in anticipation of the sale of said bonds shall contain the recital of validity as prescribed by Section 52.00 of the Law and said bonds and any notes issued in anticipation of said bonds shall be general obligations of the Town, payable as to both principal and interest by general tax upon all the taxable real property within the Town. The faith and credit of the Town are hereby irrevocably pledged to the punctual payment of the principal of and interest on said bonds and any notes issued in anticipation of the sale of said bonds and provision shall be made annually in the budget of the Town by appropriation for (a) the amortization and redemption of the bonds and any notes in anticipation thereof to mature in such year and (b) the payment of interest to be due and payable in such year. Section 5. Subject to the provisions of this resolution and of the Law and pursuant to the provisions of Section 21.00 of the Law relative to the authorization of bonds with substantially level or declining annual debt service, Section 30.00 relative to the authorization of the issuance of bond anticipation notes and Section 50.00 and Sections 56.00 to 60.00 and Section 168.00 of the Law, the powers and duties of the Town Board relative to authorizing bond anticipation notes and prescribing the terms, form and contents and as to the sale and issuance of the bonds herein authorized, and of any bond anticipation notes issued in anticipation of said bonds, and the renewals of said bond anticipation notes, and as to the execution of agreements for credit enhancements, are hereby delegated to the Supervisor,the chief fiscal officer of the Town. Section 6. The validity of the bonds authorized by this resolution, and of any notes issued in anticipation of the sale of said bonds, may be contested only if: (a) such obligations are authorized for an object or purpose for which the Town is not authorized to expend money, or (b) the provisions of law which should be complied with at the date of publication of such resolution, or a summary thereof, are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) such obligations are authorized in violation of the provisions of the constitution. Section 7. This bond resolution is subject to a permissive referendum and the Town Clerk is hereby authorized and directed, within ten (10) days after the adoption of this resolution, to cause to be published in "The Suffolk Times, " a newspaper having a general circulation within said Town and hereby designated the official newspaper of the Town for such publication and posted on the sign board of the Town maintained pursuant to the Town Law, a Notice in substantially the following form: TOWN OF SOUTHOLD,NEW YORK PLEASE TAKE NOTICE that on March 29, 2022, the Town Board of the Town of Southold, in the County of Suffolk,New York, adopted a bond resolution entitled: "Bond Resolution of the Town of Southold,New York, adopted March 29, 2022, authorizing the construction of drainage improvements for stormwater mitigation, stating the estimated maximum cost thereof is $500,000, appropriating said amount for such purpose, and authorizing the issuance of bonds in the principal amount of$500,000 to finance said appropriation," an abstract of which bond resolution concisely stating the purpose and effect thereof, being as follows: FIRST: AUTHORIZING said Town to construct drainage improvements for stormwater mitigation; STATING the estimated maximum cost thereof, including preliminary costs, and costs incidental thereto and the financing thereof, is $500,000; APPROPRIATING said amount for such purpose; and STATING the plan of financing includes the issuance of bonds in the principal amount of$500,000 to finance said appropriation,and the levy and collection of taxes on all the taxable real property in the Town to pay the principal of said bonds and the interest thereon; SECOND: AUTHORIZING the issuance of bonds in the principal amount of $500,000 pursuant to the Local Finance Law of the State of New York to finance said appropriation; THIRD: DETERMINING and STATING that the period of probable usefulness applicable to the object or purpose for which said bonds are authorized to be issued is forty (40) years; the proceeds of said bonds and any bond anticipation notes issued in anticipation thereof may be applied to reimburse the Town for expenditures made after the effective date of this bond resolution for the purposes for which said bonds are authorized; and the proposed maturity of said bonds will exceed five (5) years; FOURTH: DETERMINING that said bonds and any bond anticipation notes issued in anticipation of said bonds and the renewals of said bond anticipation notes shall be general obligations of the Town; and PLEDGING to their payment the faith and credit of the Town; FIFTH: DELEGATING to the Supervisor the powers and duties as to the issuance of said bonds and any bond anticipation notes issued in anticipation of said bonds, or the renewals thereof, and SIXTH: DETERMINING that the bond resolution is subject to a permissive referendum. a a DATED: March 29, 2022 Denis Noncarrow Town Clerk Section 8. The Town Clerk is hereby authorized and directed, after said bond resolution shall take effect, to cause said bond resolution to be published, in summary, in the newspaper referred to in Section 7 hereof, and hereby designated the official newspaper for said publication, together with a Notice in substantially the form as provided by Section 8 1.00 of the Local Finance Law, constituting Chapter 33-a of the Consolidated Laws of the State of New York. The adoption of the foregoing resolution was seconded by Councilman Greg Doroski and duly put to a vote on roll call, which resulted as follows: AYES: Councilwoman Jill Doherty Councilwoman Sarah Nappa Councilman Greg Doroski Councilman Brian Mealy Justice Louisa Evan NOES: None The resolution was declared adopted. CERTIFICATE I, DENIS NONCARROW, Town Clerk of the Town of Southold, in the County of Suffolk, State of New York, HEREBY CERTIFY that the foregoing annexed extract from the minutes of a meeting of the Town Board of said Town of Southold duly called and held on March 29, 2022, has been compared by me with the original minutes as officially recorded in my office in the Minute Book of said Town Board and is a true, complete and correct copy thereof and of the whole of said original minutes so far as the same relate to the subject matters referred to in said extract. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the corporate seal of said Town of Southold this 29th day of March, 2022. (SEAL) �A Town Clerk _TOWN OF SOUTHOLD,NEW YORK PLEASE TAKE NOTICE that on March 29, 2022, the Town Board of the Town of Southold, in the County of Suffolk,New York, adopted a bond resolution entitled: "Bond Resolution of the Town of Southold,New York, adopted March 29, 2022, authorizing the construction of drainage improvements for stormwater mitigation, stating the estimated maximum cost thereof is $500,000, appropriating said amount for such purpose, and authorizing the issuance of bonds in the principal amount of$500,000 to finance said appropriation," an abstract of which bond resolution concisely stating the purpose and effect thereof, being as follows: FIRST: AUTHORIZING said Town to construct drainage improvements for stormwater mitigation; STATING the estimated maximum cost thereof, including preliminary costs, and costs incidental thereto and the financing thereof, is $500,000; APPROPRIATING said amount for such purpose; and STATING the plan of financing includes the issuance of bonds in the principal amount of$500,000 to finance said appropriation, and the levy and collection of taxes on all the taxable real property in the Town to pay the principal of said bonds and the interest thereon; SECOND: AUTHORIZING the issuance of bonds in the principal amount of $500,000 pursuant to the Local Finance Law of the State of New York to finance said appropriation; THIRD: DETERMINING and STATING that the period of probable usefulness applicable to the object or purpose for which said bonds are authorized to be issued is forty (40) years; the proceeds of said bonds and any bond anticipation notes issued in anticipation thereof may be applied to reimburse the Town for expenditures made after the effective date of this bond resolution for the purposes for which said bonds are authorized; and the proposed maturity of said bonds will exceed five (5) years; FOURTH: DETERMINING that said bonds and any bond anticipation notes issued in anticipation of said bonds and the renewals of said bond anticipation notes shall be general obligations of the Town; and PLEDGING to their payment the faith and credit of the Town; FIFTH: DELEGATING to the Supervisor the powers and duties as to the issuance of said bonds and any bond anticipation notes issued in anticipation of said bonds, or the renewals thereof, and SIXTH: DETERMINING that the bond resolution is subject to a permissive referendum. DATED: March 29, 2022 Denis Noncarrow Town Clerk STATE OF NEW YORK) SS: COUNTY OF SUFFOLK) Denis Noncarrow, Town Clerk of the Town of Southold,New York being duly sworn, says that on the 29th day of March , 2022, a notice of which the annexed printed notice is a true copy was affixed, in a proper and substantial manner, in a most public place in the Town of Southold, Suffolk County,New York,to wit: Town Clerk's Bulletin Board, 53095 Main Road, Southold,New York and the Southold Town website, www.southoldtownny.gov . Bond for Stormwater Mitigation Denis Noncarrow Southold Town Clerk Sworn before me this 29th day of a ch , 2022. Notary Public LYNDA M. RUDDER Notary Public, State of New York No. 01 RU6020932 Qualified in Suffolk County ?, Commission Expires March 8,20RJ AFFIDAVIT OF POSTING STATE OF NEW YORK ) :ss: COUNTY OF SUFFOLK ) DENIS NONCARROW, being duly sworn, deposes and says: That he is and at all times hereinafter mentioned he was the duly qualified and acting Town Clerk of the Town of Southold, State of New York; That on March 29, 2022,he has caused to be conspicuously posted and fastened up a Notice setting forth an abstract of the bond resolution duly adopted by the Town Board on March 29,2022, a copy of which is annexed hereto and made apart hereof, on the signboard of the Town maintained pursuant to the Town Law. Town ler Subscribed and sworn to before me this 29th day of March, 2022. Not ry Public, State of New York LYNDA M. RUDDER Notary Public, State of New York No. 01 RU6020932 Qualified in Suffolk County Commission Expires March 8,20� Rudder, Lynda From: Reisenberg, Lloyd Sent: Monday, April 11, 2022 2:56 PM To: Rudder, Lynda Subject: RE: Stormwater bond Posted Lloyd H. Reisenberg Network and Systems Administrator Town of Southold, New York www.southoldtownny.gov Iloydr@southoldtownny.gov 0: 631-765-18911 C:631-879-1554 I F: 631-765-5178 CONFIDENTIALITY NOTICE: This communication with its contents may contain confidential and/or legally privileged information. It is solely for the use of the intended recipient(s). Unauthorized interception, review, use or disclosure is prohibited and may violate applicable laws including the Electronic Communications Privacy Act. If you are not the intended recipient, please contact the sender and destroy all copies of the communication. From: Rudder, Lynda <lynda.rudder@town.southold.ny.us> Sent: Monday,April 11, 2022 10:48 AM To: Lisa Finn (lisaahfinn@gmail.com) <lisaahfinn@gmail.com>; Reisenberg, Lloyd <Lloyd.Reisenberg@town.southold.ny.us>;Tomaszewski, Zachary<zact@southoldtownny.gov>; Doherty,Jill <jill.doherty@southoldtownny.gov>; Doroski, Greg<greg.doroski@town.southold.ny.us>; Louisa Evans <Ipevans06390@gmail.com>; Mealy, Brian<brian.mealy@town.southold.ny.us>; Nappa, Sarah <sarah.nappa@town.southold.ny.us>; Noncarrow, Denis<denisn@southoldtownny.gov>; Norklun,Stacey <Stacey.Norklun@town.southold.ny.us>; Russell,Scott<Scott.Russell @town.southo Id.ny.us>; Burke,John <johnbu@southoldtownny.gov>; Hagan, Damon<damonh@southoldtownny.gov>; Mirabelli, Melissa <melissa.mirabelli@town.southold.ny.us> Subject: Stormwater bond Please post on town website, thanks 3 r Times Review Media Group Invoice#: f7011 ce2 The Suffolk Times Date: 04/11/2022 Bill To Customer Email SOUTHOLD TOWN CLERK lynda.rudder@ town.southold.ny.us Affidavits will be mailed or emailed (as ordered) 7 days AFTER THE LAST INSERTION DATE. Description c. Publish Date Amount PUBLIC 04/14/2022 $62.05 Affidavit(eMail) 1 $25.00 Affidavit(Mail) 0 $0.00 Total: $87.05 Please remit checks payable to: Balance: $87.05 Times Review Media Group PO Box 9500 Mattituck, NY 99952 The invoice number MUST be included on your check to ensure that your payment is applied correctly. t TOWN OF SOUTHOLD NEW YORK PLEASE TAKE NOTICE that on March 29,2022, the Town Board of the Town of Southold,in the County of Suffolk, New York,adopted a bond resolution entitled: 'Bond Resolution of the Town of Southold, New York,adopted March 29, 2022,authorizing the construction of drainage improvements for stormwater mitigation,stating the estimated maximum cost thereof is $500,000,appropriating said amount for such purpose,and authorizing the issuance of bonds in the principal amount of$500,000 to finance said appropriation," an abstract of which bond resolution concisely stating the purpose and effect thereof,being as follows: FIRST: AUTHORIZING said Town to construct drainage improvements for stormwater mitigation;STATING the estimated maximum cost thereof,including preliminary costs, and costs incidental thereto and the financing thereof,is$500,000; APPROPRIATING said amount for such purpose;and STATING the plan of financing includes the issuance of bonds in the principal amount of$500,000 to finance said appropriation,and the levy and collection of taxes on all the taxable real property in the Town to pay the principal of said bonds and the interest thereon; SECOND: AUTHORIZING the issuance of bonds in the principal amount of $500,000 pursuant to the Local Finance Law of the State of New York to finance said appropriation; THIRD: DETERMINING and STATING that the period of probable usefulness applicable to the object or purpose for which said bonds are authorized to be issued is forty(40)years;the proceeds of said bonds and any bond anticipation notes issued in anticipation thereof may be applied to reimburse the Town for expenditures made after the effective date of this bond resolution for the purposes for which said bonds are authorized; and the proposed maturity of said bonds will exceed five(5)years; FOURTH: DETERMINING that said bonds and any bond anticipation notes issued in anticipation of said bonds and the renewals of said bond anticipation notes shall be general obligations of the Town;and PLEDGING to their payment the faith and credit of the Town; FIFTH: DELEGATING to the Supervisor the powers and duties as to the issuance of said bonds and any bond anticipation notes issued in anticipation of said bonds,or the renewals thereof;and SIXTH: DETERMINING that the bond resolution is subject to a permissive referendum. DATED:March 29,2022 Denis Noncarrow Town Clerk DELARELD&WOODLLP PHONE: 212-820-9300 7 WORLD TRADE CENTER NEW YORK FAX: 212-514-8425 250 GREENWICH STREET WASHINGTON NEW YORK, NY 10007 NEWARK WWW.HAWKINS.COM HARTFORD LOS ANGELES SACRAMENTO (212) 820-9662 March 27, 2022 SAN FRANCISCO PORTLAND ANN ARBOR Town of Southold,New York RALEIGH $500,000 Bonds for Stormwater Mitigation (Our File Designation: 2615/ Kristie Hansen-Hightower, CPA Comptroller Town of Southold 54375 Main Road Southold,New York 11971 Dear Kristie: Pursuant to your request,I have prepared the attached Extract of Minutes of a Town Board meeting to be held March 29, 2022, showing adoption of the above bond resolution. Please note that the bond resolution is to be adopted by at least a two-thirds vote of the entire membership of the Town Board, without taking into consideration any temporary vacancies. Section 7 of the bond resolution contains the form of Notice of Permissive Referendum to be published in the official Town newspaper and posted on the sign board of the Town maintained pursuant to the Town Law within ten (10) days after adoption of the bond resolution. Also attached is the Affidavit of Posting to be executed by the Town Clerk. A copy of the Notice, as posted, should be attached to this Affidavit. Please obtain and forward to me a certified copy of the Extract of Minutes, an executed Affidavit of Posting and an original Affidavit of Publication. Upon receipt of same, we will forward the additional documents required with respect to the final estoppel publication of the resolution. With best regards, I am Very truly yours, Robert P. Smith RPS/ml Enclosures EXTRACT OF MINUTES Meeting of the Town Board of the Town of Southold, in the County of Suffolk,New York March 29, 2022 A meeting of the Town Board of the Town of Southold, in the County of Suffolk, New York, was held at the Town Hall, 53095 Main Road, Southold, New York, on March 29, 2022. There were present: Hon. Scott A. Russell, Supervisor; and Councilpersons: There were absent: Also present: Denis Noncarrow, Town Clerk offered the following resolution and moved its adoption: BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED MARCH 29, 2022, AUTHORIZING THE CONSTRUCTION OF DRAINAGE IMPROVEMENTS FOR STORMWATER MITIGATION, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $500,000, APPROPRIATING SAID AMOUNT FOR SUCH PURPOSE, AND AUTHORIZING THE ISSUANCE OF BONDS IN THE PRINCIPAL AMOUNT OF $500,000 TO FINANCE SAID APPROPRIATION THE TOWN BOARD OF THE TOWN OF SOUTHOLD, IN THE COUNTY OF SUFFOLK, NEW YORK, HEREBY RESOLVES (by the favorable vote of not less than two- thirds of all the members of said Town Board) AS FOLLOWS: Section 1. The Town of Southold, in the County of Suffolk, New York (herein called the "Town"), is hereby authorized to construct drainage improvements for stormwater mitigation. The estimated maximum cost thereof, including preliminary costs and costs incidental thereto and the financing thereof, is $500,000 and said amount is hereby appropriated for such purpose. The plan of financing includes the issuance of bonds in the principal amount of$500,000 to finance said appropriation, and the levy and collection of taxes on all the taxable real property in the Town to pay the principal of said bonds and the interest thereon as the same shall become due and payable. Section 2. Bonds of the Town in the principal amount of $500,000 are hereby authorized to be issued pursuant to the provisions of the Local Finance Law, constituting Chapter 33-a of the Consolidated Laws of the State of New York(herein called the"Law"),to finance said appropriation. Section 3. The following additional matters are hereby determined and declared: (a) The period of probable usefulness applicable to the object or purpose for which said bonds are authorized to be issued, within the limitations of Section 11.00 a. 4 of the Law, is forty (40)years. (b) The proceeds of the bonds herein authorized and any bond anticipation notes issued in anticipation of said bonds may be applied to reimburse the Town for expenditures made after the effective date of this resolution for the purpose for which said bonds are authorized. The foregoing statement of intent with respect to reimbursement is made in conformity with Treasury Regulation Section 1.150-2 of the United States Treasury Department. (c) The proposed maturity of the bonds authorized by this resolution will exceed five (5) years. Section 4. Each of the bonds authorized by this resolution and any bond anticipation notes issued in anticipation of the sale of said bonds shall contain the recital of validity as prescribed by Section 52.00 of the Law and said bonds and any notes issued in anticipation of said bonds shall be general obligations of the Town, payable as to both principal and interest by general tax upon all the taxable real property within the Town. The faith and credit of the Town are hereby irrevocably pledged to the punctual payment of the principal of and interest on said bonds and any notes issued in anticipation of the sale of said bonds and provision shall be made annually in the budget of the Town by appropriation for (a) the amortization and redemption of the bonds and any notes in anticipation thereof to mature in such year and (b) the payment of interest to be due and payable in such year. Section 5. Subject to the provisions of this resolution and of the Law and pursuant to the provisions of Section 21.00 of the Law relative to the authorization of bonds with substantially level or declining annual debt service, Section 30.00 relative to the authorization of the issuance of bond anticipation notes and Section 50.00 and Sections 56.00 to 60.00 and Section 168.00 of the Law, the powers and duties of the Town Board relative to authorizing bond anticipation notes and prescribing the terms, form and contents and as to the sale and issuance of the bonds herein authorized, and of any bond anticipation notes issued in anticipation of said bonds, and the renewals of said bond anticipation notes, and as to the execution of agreements for credit enhancements, are hereby delegated to the Supervisor, the chief fiscal officer of the Town. Section 6. The validity of the bonds authorized by this resolution, and of any notes issued in anticipation of the sale of said bonds, may be contested only if: (a) such obligations are authorized for an object or purpose for which the Town is not authorized to expend money, or (b) the provisions of law which should be complied with at the date of publication of such resolution, or a summary thereof, are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or (c) such obligations are authorized in violation of the provisions of the constitution. Section 7. This bond resolution is subject to a permissive referendum and the Town Clerk is hereby authorized and directed, within ten (10) days after the adoption of this resolution, to cause to be published in "The Suffolk Times, " a newspaper having a general circulation within said Town and hereby designated the official newspaper of the Town for such publication and posted on the sign board of the Town maintained pursuant to the Town Law, a Notice in substantially the following form: TOWN OF SOUTHOLD,NEW YORK PLEASE TAKE NOTICE that on March 29, 2022,the Town Board of the Town of Southold, in the County of Suffolk,New York, adopted a bond resolution entitled: "Bond Resolution of the Town of Southold,New York, adopted March 29, 2022, authorizing the construction of drainage improvements for stormwater mitigation, stating the estimated maximum cost thereof is $500,000, appropriating said amount for such purpose, and authorizing the issuance of bonds in the principal amount of$500,000 to finance said appropriation," an abstract of which bond resolution concisely stating the purpose and effect thereof, being as follows: FIRST: AUTHORIZING said Town to construct drainage improvements for stormwater mitigation; STATING the estimated maximum cost thereof, including preliminary costs, and costs incidental thereto and the financing thereof, is $500,000; APPROPRIATING said amount for such purpose; and STATING the plan of financing includes the issuance of bonds in the principal amount of$500,000 to finance said appropriation,and the levy and collection of taxes on all the taxable real property in the Town to pay the principal of said bonds and the interest thereon; SECOND: AUTHORIZING the issuance of bonds in the principal amount of $500,000 pursuant to the Local Finance Law of the State of New York to finance said appropriation; THIRD: DETERMINING and STATING that the period of probable usefulness applicable to the object or purpose for which said bonds are authorized to be issued is forty (40) years; the proceeds of said bonds and any bond anticipation notes issued in anticipation thereof may be applied to reimburse the Town for expenditures made after the effective date of this bond resolution for the purposes for which said bonds are authorized; and the proposed maturity of said bonds will exceed five (5)years; FOURTH: DETERMINING that said bonds and any bond anticipation notes issued in anticipation of said bonds and the renewals of said bond anticipation notes shall be general obligations of the Town;and PLEDGING to their payment the faith and credit of the Town; FIFTH: DELEGATING to the Supervisor the powers and duties as to the issuance of said bonds and any bond anticipation notes issued in anticipation of said bonds, or the renewals thereof; and SIXTH: DETERMINING that the bond resolution is subject to a permissive referendum. DATED: March 29, 2022 Denis Noncarrow Town Clerk Section 8. The Town Clerk is hereby authorized and directed, after said bond resolution shall take effect, to cause said bond resolution to be published, in summary, in the newspaper referred to in Section 7 hereof, and hereby designated the official newspaper for said publication, together with a Notice in substantially the form as provided by Section 81.00 of the Local Finance Law, constituting Chapter 33-a of the Consolidated Laws of the State of New York. The adoption of the foregoing resolution was seconded by and duly put to a vote on roll call, which resulted as follows: AYES: NOES: The resolution was declared adopted. CERTIFICATE 1, DENIS NONCARROW, Town Clerk of the Town of Southold, in the County of Suffolk, State of New York, HEREBY CERTIFY that the foregoing annexed extract from the minutes of a meeting of the Town Board of said Town of Southold duly called and held on March 29, 2022, has been compared by me with the original minutes as officially recorded in my office in the Minute Book of said Town Board and is a true, complete and correct copy thereof and of the whole of said original minutes so far as the same relate to the subject matters referred to in said extract. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the corporate seal of said Town of Southold this 29th day of March, 2022. (SEAL) Town Clerk AFFIDAVIT OF POSTING STATE OF NEW YORK ) :ss: COUNTY OF SUFFOLK ) DENIS NONCARROW, being duly sworn, deposes and says: That he is and at all times hereinafter mentioned he was the duly qualified and acting Town Clerk of the Town of Southold, State of New York; That on , 2022, he has caused to be conspicuously posted and fastened up a Notice setting forth an abstract of the bond resolution duly adopted by the Town Board on March 29, 2022, a copy of which is annexed hereto and made a part hereof, on the sign board of the Town maintained pursuant to the Town Law. Town Clerk Subscribed and sworn to before me this day of March, 2022. Notary Public, State of New York (NOTICE FOR PUBLICATION AND POSTING) TOWN OF SOUTHOLD,NEW YORK PLEASE TAKE NOTICE that on March 29, 2022,the Town Board of the Town of Southold, in the County of Suffolk,New York, adopted a bond resolution entitled: "Bond Resolution of the Town of Southold,New York, adopted March 29, 2022, authorizing the construction of drainage improvements for stormwater mitigation, stating the estimated maximum cost thereof is $500,000, appropriating said amount for such purpose, and authorizing the issuance of bonds in the principal amount of$500,000 to finance said appropriation," an abstract of which bond resolution concisely stating the purpose and effect thereof, being as follows: FIRST: AUTHORIZING said Town to construct drainage improvements for stormwater mitigation; STATING the estimated maximum cost thereof, including preliminary costs, and costs incidental thereto and the financing thereof, is $500,000; APPROPRIATING said amount for such purpose; and STATING the plan of financing includes the issuance of bonds in the principal amount of$500,000 to finance said appropriation,and the levy and collection of taxes on all the taxable real property in the Town to pay the principal of said bonds and the interest thereon; SECOND: AUTHORIZING the issuance of bonds in the principal amount of $500,000 pursuant to the Local Finance Law of the State of New York to finance said appropriation; THIRD: DETERMINING and STATING that the period of probable usefulness applicable to the object or purpose for which said bonds are authorized to be issued is forty (40) years; the proceeds of said bonds and any bond anticipation notes issued in anticipation thereof may be applied to reimburse the Town for expenditures made after the effective date of this bond resolution for the purposes for which said bonds are authorized; and the proposed maturity of said bonds will exceed five (5) years; FOURTH: DETERMINING that said bonds and any bond anticipation notes issued in anticipation of said bonds and the renewals of said bond anticipation notes shall be general obligations of the Town;and PLEDGING to their payment the faith and credit of the Town; FIFTH: DELEGATING to the Supervisor the powers and duties as to the issuance of said bonds and any bond anticipation notes issued in anticipation of said bonds, or the renewals thereof; and SIXTH: DETERMINING that the bond resolution is subject to a permissive referendum. DATED: March 29, 2022 Denis Noncarrow Town Clerk