HomeMy WebLinkAboutLand Acquisition Southold Town Board - Letter Board Meeting of July 18, 2023
61$rZ-'1"-Z1-ZN RESOLUTION 2023-638 Item # 5.20
ADOPTED DOC ID: 19331
THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION NO. 2023-638 WAS
ADOPTED AT THE REGULAR MEETING OF THE SOUTHOLD TOWN BOARD ON
JULY 18, 2023:
WHEREAS, the Town Board of the Town of Southold is desirous of acquiring an undeveloped
parcel of real property located at 41625 Main Road, Peconic,New York and identified as SCTM
No. 1000-75-5-12; and
WHEREAS, the Town previously authorized an appraisal be conducted of the parcel in question
to determine the current market value of the subject parcel, which was performed by Brunswick
Appraisal Corp. and dated July 6, 2023; and
WHEREAS, in order to acquire said parcel it will be necessary to expend sums for a title search,
survey and other related expenses; now therefore be it
RESOLVED, that the Town Board of the Town of Southold hereby authorizes and directs the
Town Attorney to proceed to acquire said parcel of real property identified herein, by negotiated
purchase for an amount up to the market value of the parcel as determined by the independent
appraisal dated July 6, 2023; and be it further
RESOLVED, that the Town Attorney is hereby authorized to retain the services of a title
examiner and surveyor in furtherance of the acquisition of the real property identified herein; and
be it further
RESOLVED, that the Town Board of the Town of Southold hereby authorizes and directs
Supervisor Scott A. Russell to execute the purchase contract and all other documentation
required to effectuate the acquisition of said parcel.
t�
Denis Noncarrow
Southold Town Clerk
RESULT: ADOPTED [5 TO 01
MOVER: Sarah E. Nappa, Councilwoman
SECONDER:Brian O. Mealy, Councilman
AYES: Nappa, Mealy, Doherty, Evans, Russell
RECUSED: Greg Doroski
Generated July 19, 2023 Page 33
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DENIS NONCARROW �� Town Hall,53095 Main Road
TOWN CLERK P.O.Box 1179
Southold,New York 11971
REGISTRAR OF VITAL STATISTICS .g Fax(631)765-619
MARRIAGE OFFICER 'y�� aQ� Telephone(631)765- 800
RECORDS MANAGEMENT OFFICER 1 'A www.southoldtowriiki.gov
FREEDOM OF INFORMATION OFFICER
OFFICE OF THE TOWN CLERK
TOWN OF SOUTHOLD
_— -------- --_ --, April 24, 2023
EI 011 988 072 US
Town of Southold,New York
$1,400,000 Bond for Land Acquisition
(Our File Designation: 2615/46577)
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. Legal Notice that appeared in the April 6 edition of the Suffolk Times
2. Affidavit of publication
3. ' Certificate of No Referendum
I will forward the affidavit of publications when I receive it. Please let me know if there are any other
documents you need from this office at this time.
Very truly yo
ynda M Rudder
Deputy Town Clerk
encs
NOTICE
The resolution, a summary of which is published herewith, has been adopted on the 28th day of
February, 2023, 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 FEBRUARY 28, 2023, AUTHORIZING THE
ISSUANCE OF BONDS IN A PRINCIPAL AMOUNT NOT TO
EXCEED $1,400,000 TO FINANCE THE ACQUISITION OF LAND
KNOWN AS 41245 ROUTE 25, PECONIC, STATING THE
ESTIMATED MAXIMUM COST THEREOF IS $1,400,000 AND
APPROPRIATING SAID AMOUNT FOR SUCH PURPOSE
The object or purpose for which the bonds are authorized to the acquire land known as 41245
Route 25,Peconic,NY SCTM 1000-86-1-3,in the Town at the aggregate estimated maximum cost
of$1,400,000.
The maximum amount of obligations authorized to be issued is $1,400,000.
The period of probable usefulness is thirty (30)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 Road,
Southold,New York.
c61a18fc-1633-4466-bf9f-b825d685cff4 lynda.rudder@town.southold.ny.us
AFFIDAVIT OF PUBLICATION i
The Suffolk Times
i
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:
t
April 06,2023
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 12 day of April 2023
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Notary Signat e
MARY BETH ALESCIO WALLING.
NOTARY PUBLIC,STATE OF NEW PORK i
Registration No:01AL5056219
Qualified in Saratoga County
My Commission Expires March 04,2026
Notary Punlic Stamp
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SOUTHOLD TOWN CLERK 1 !
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c6la18fc-1633-4466-bf9f-b825d685cff4 lynda.rudder@town.southold.ny.us
AFFIDAVIT OF PUBLICATION '
i
The Suffolk Times
LEGAL NOTICE
The resolution, a summary of which
is published herewith, has been
adopted on the 28th day of
February,2023,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 objector
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 FEBRUARY 28,
2023,AUTHORIZING THE
ISSUANCE OF BONDS IN A
PRINCIPAL AMOUNT NOT TO
EXCEED$1,400,000 TO FINANCE
THE ACQUISITION OF LAND
KNOWN AS 41245 ROUTE 25,
PECONIC,STATING THE
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SOUTHOLD TOWN CLERK 2
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c6 la 18fc-163 3-4466-bf9f-b825 d 685 cff4 lynda.rudder@town.southoId.ny.us
AFFIDAVIT OF PUBLICATION
The Suffolk Times I
ESTIMATED MAXIMUM COST I
THEREOF IS$1,400,000 AND
APPROPRIATING SAID AMOUNT
FOR SUCH PURPOSE ;
The object or purpose for which the
bonds are authorized to the acquire
land known as 41245 Route 25,
Peconic, NY SCTM 1000-86-1-3,in
the Town at the aggregate
estimated maximum cost of
$1,400,000.
The maximum amount of
obligations authorized to be issued
is$1,400,000. The period of
probable usefulness is thirty(30)
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 Road,
Southold, New York.
I
s
SOUTHOLD TOWN CLERK 3
i
CERTIFICATE OF NO REFERENDUM
1, 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
February 28, 2023, authorizing the issuance of bonds in a principal
amount not to exceed $1,400,000 to finance the acquisition of land
known as 41245 Route 25,Peconic, stating the estimated maximum
cost thereof is $1,400,000 and appropriating said amount for such
purpose,"
was adopted February 28, 2023, 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 28`h day of March,
2023.
(SEAL) Town Clerk
DELARELD&WOOD LLP
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 WWWHAWKINS.COM March 9 2023 HARTFORD
LOS ANGELES
SACRAMENTO
SAN
Town of Southold, New York PORTLAND FRANCISCO
ANN ARB
$1,400,000 Bonds for Acquisition of Land RALEIGHOR
(Our File Designation: 2615/46577)
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
I+ �
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
February 28, 2023, authorizing the issuance of bonds in a principal
amount not to exceed $1,400,000 to finance the acquisition of land
known as 41245 Route 25, Peconic, stating the estimated maximum
cost thereof is $1,400,000 and appropriating said amount for such
purpose,"
was adopted February 28, 2023, 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 28th day of March,
2023.
(SEAL) Town Clerk
NOTICE
The resolution, a summary of which is published herewith, has been adopted on the 28th day of
February, 2023, 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 FEBRUARY 28, 2023, AUTHORIZING THE
ISSUANCE OF BONDS IN A PRINCIPAL AMOUNT NOT TO
EXCEED $1,400,000 TO FINANCE THE ACQUISITION OF LAND
KNOWN AS 41245 ROUTE 25, PECONIC, STATING THE
ESTIMATED MAXIMUM COST THEREOF IS $1,400,000 AND
APPROPRIATING SAID AMOUNT FOR SUCH PURPOSE
The object or purpose for which the bonds are authorized to the acquire land known as 41245
Route 25,Peconic,NY SCTM 1000-86-1-3, in the Town at the aggregate estimated maximum cost
of$1,400,000.
The maximum amount of obligations authorized to be issued is $1,400,000.
The period of probable usefiilness is thirty (30) 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 Road,
Southold,New York.
Times Review Media Group Invoice#: c61 a 1 8f
The Suffolk Times Date: 03/14/2023
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 Publish Date Amount.
PUBLIC 03/23/2023 $51.98
Affidavit(eMail) 1 $25.00
Affidavit(Mail) 0 $0.00
Total: $76.98
Please remit checks payable to: Balance:
Times Review Media Group $76'98
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 28th day of
February,2023,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.
)ENIS NONCARROW
Town Clerk
BOND RESOLUTION OF THE
TOWN OF SOUTHOLD, NEW
YORK,ADOPTED FEBRUARY 28,
2023,AUTHORIZING THE
ISSUANCE OF BONDS IN A
PRINCIPAL AMOUNT NOT TO
EXCEED$1,400,000 TO FINANCE
THE ACQUISITION OF LAND
KNOWN AS 41245 ROUTE 25,
PECONIC,STATING THE
ESTIMATED MAXIMUM COST
THEREOF IS$1,400,000 AND
APPROPRIATING SAID AMOUNT
FOR SUCH PURPOSE
The object or purpose for which the
bonds are authorized to the acquire
land known as 41245 Route 25,
Peconic, NY SCTM 1000-86-1-3, in
the Town at the aggregate
estimated maximum cost of
$1,400,000.
The maximum amount of
obligations authorized to be issued
is$1,400,000. The period of
probable usefulness is thirty(30)
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 Road,
Southold, New York.
®��o6%SFFoc,�c0
DENIS NONCARROW �� G.j, Town Hall,53095 Main Road
TOWN CLERK ® P.O.Box 1179
co Southold,New York 11971
REGISTRAR OF VITAL STATISTICS 0 Fax(631)765-6145
MARRIAGE OFFICER
RECORDS MANAGEMENT OFFICER ®,� .� Telephone 765-1800
FREEDOM OF INFORMATION OFFICER www.southoldtldtownnygov
OFFICE OF THE TOWN CLERK
TOWN OF SOUTHOLD
March 2, 2023
Town of Southold, New York
$1,400,000 Bond for Land Acquisition
(Our File Designation: 2615/46577)
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. Resolution adopting the Bond Resolution
2. Legal Notice that is appearing in the 3/9 edition of the Suffolk Times
3. Affidavit of posting
4. Extract of Minutes with certification
I will forward the affidavit of publications 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, ;
I
Lyn a M Ruddier VV
Deputy Town Clerk
encs
EXTRACT OF MINUTES
Meeting of the Town Board of the
Town of Southold, in the
County of Suffolk,New York
February 28, 2023
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 February 28,
2023.
There were present: Hon. 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: Paul DeChance, Town Attorney
Denis Noncarrow, Town Clerk
Councilwoman Nappa offered the following resolution and moved its adoption:
BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK,
ADOPTED FEBRUARY 14, 2023, AUTHORIZING THE ISSUANCE OF BONDS IN A
PRINCIPAL AMOUNT NOT TO EXCEED $1,400,000 TO FINANCE THE ACQUISITION OF
LAND KNOWN AS 41245 ROUTE 25, PECONIC, STATING THE ESTIMATED MAXIMUM
COST THEREOF IS $1,400,000 AND APPROPRIATING SAID AMOUNT FOR SUCH
PURPOSE
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 issue bonds in a principal amount not to exceed
$1,400,000 pursuant to the Local Finance Law, constituting Chapter 33-a of the Consolidated
Laws of the State of New York(herein called the"Law"),to finance the acquisition of land known
as 41245 Route 25, Peconic,NY SCTM 1000-86-1-3.1, in the Town.
Section 2. The estimated maximum cost thereof, including preliminary costs and
costs incidental thereto and the financing thereof, is $1,400,000 and said amount is hereby
appropriated for such purpose. The plan of financing includes the issuance of bonds in a principal
amount not to exceed$1,400,000 to finance said appropriation,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$1,400,000 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. 21 of the Law, is
thirty (30)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 publish or cause to be published, in full, in the official newspaper of the Town, having a general
circulation within said Town, and posted on the sign board of the Town maintained pursuant to
the Town Law, a Notice in substantially the following form appearing in Exhibit A hereto.
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
official newspaper of the Town, having a general circulation within said Town, together with a
Notice in substantially the form as provided by Section 81.00 of the Law.
The adoption of the foregoing resolution was duly put to a vote on roll call, which
resulted as follows:
AYES: Hon. Scott A. Russell, Supervisor; and
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.
EXHIBIT A
(Below is the Notice for Publication and Posting)
TOWN OF SOUTHOLD,NEW YORK
PLEASE TAKE NOTICE that on February 14,2023,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 February 14,
2023, authorizing the issuance of bonds in a principal amount not to exceed
$1,400,000 to finance the acquisition of land known as 41245 Route 25,
Peconic, stating the estimated maximum cost thereof is $1,400,000 and
appropriating said amount for such purpose,"
an abstract of which bond resolution concisely stating the purpose and effect thereof,being as follows:
FIRST: AUTHORIZING the Town of Southold,New York to issue bonds in a principal amount
not to exceed$1,400,000 pursuant to the Local Finance Law of the State of New York,to finance the acquisition of
land known as 41245 Route 25,Peconic,NY SCTM 1000-86-1-3.1,in the Town.
SECOND: STATING that the estimated maximum cost thereof, including preliminary costs and
costs incidental thereto and the financing thereof, is $1,400,000; appropriating said amount for such purpose; and
STATING that the plan of financing includes the issuance of bonds in a principal amount not to exceed$1,400,000 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;
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 thirty(30)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:February 14,2023
Denis Noncarrow
Town Clerk
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
February 28, 2023, 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 saidTow of Southold this 28th day of
February, 202 .
(SEAL)
Town Clerk
r ._ ,._6
LEGAL NOTICE
TOWN OF SOUTHOLD,NEW YORK
PLEASE TAKE NOTICE that on February 28,2023,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 February 28,
2023, authorizing the issuance of bonds in a principal amount not to exceed
$1,400,000 to finance the acquisition of land known as 41245 Route 25,
Peconic, stating the estimated maximum cost thereof is $1,400,000 and
appropriating said amount for such purpose,"
an abstract of which bond resolution concisely stating the purpose and effect thereof,being as follows:
FIRST: AUTHORIZING the Town of Southold, New York to issue bonds in a principal amount
not to exceed$1,400,000 pursuant to the Local Finance Law of the State of New York,to finance the acquisition of
land known as 41245 Route 25,Peconic,NY SCTM 1000-86-1-3.1,in the Town.
SECOND: STATING that the estimated maximum cost thereof, including preliminary costs and
costs incidental thereto and the financing thereof, is $1,400,000; appropriating said amount for such purpose; and
STATING that the plan of financing includes the issuance of bonds in a principal amount not to exceed$1,400,000 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;
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 thirty(30)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:February 28,2023
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 March 2, 2023, 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
February 28, 2023, a copy of which is annexed hereto made a pa hereof, on the sign board
of the Town maintained pursuant to the Town Law
Town Clerk
Subscribed and sworn to before me
this 2nd day of March, 2023.
[ 14a \ ► 1
QoJL��
Not 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-
r
Southold Town Board -Letter Board Meeting of February 28, 2023
RESOLUTION 2023-256 Item # 5.25
ADOPTED DOC ID: 18962
THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION NO. 2023-256 WAS
ADOPTED AT THE REGULAR MEETING OF THE SOUTHOLD TOWN BOARD ON
FEBRUARY 28,2023:
BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW
YORK, ADOPTED FEBRUARY 28, 2023, AUTHORIZING THE
ISSUANCE OF BONDS IN A PRINCIPAL AMOUNT NOT TO
EXCEED $1,400,000 TO FINANCE THE ACQUISITION OF
LAND KNOWN AS 41245 ROUTE 25, PECONIC, STATING
THE ESTIMATED MAXIMUM COST THEREOF IS $1,400,000
AND APPROPRIATING SAID AMOUNT FOR SUCH
PURPOSE
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 issue bonds in a principal amount not to exceed
$1,400,000 pursuant to the Local Finance Law, constituting Chapter 33-a of the Consolidated
Laws of the State of New York (herein called the "Law"), to finance the acquisition of land
known as 41245 Route 25, Peconic,NY SCTM 1000-86-1-3.1, in the Town.
Section 2.. The estimated maximum cost thereof, including preliminary costs and
costs incidental thereto and the financing thereof, is $1,400,000 and said amount is hereby
appropriated for such purpose. The plan of financing includes the issuance of bonds in a
principal amount not to exceed $1,400,000 to finance said appropriation, 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$1,400,000 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. 21 of the
Law, is thirty (30) 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
Generated March 1, 2023 Page 34
r
•' Southold Town Board -Letter Board Meeting of February 28, 2023
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 publish or cause to be published, in full, in the official newspaper of the Town,
having a general circulation within said Town, and posted on the sign board of the Town
maintained pursuant to the Town Law, a Notice in substantially the following form appearing in
Exhibit A hereto.
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
official newspaper of the Town, having a general circulation within said Town, together with a
Notice in substantially the form as provided by Section 81.00 of the Law.
Generated March 1, 2023 Page 35
r
a
Southold Town Board - Letter Board Meeting of February 28, 2023
i
Denis Noncarrow
Southold Town Clerk
RESULT: ADOPTED [UNANIMOUS]
MOVER: Sarah E.Nappa, Greg Doroski
SECONDER:Jill Doherty, Councilwoman
AYES: Nappa, Doroski, Mealy, Doherty, Evans, Russell
Generated March 1, 2023 Page 37
Southold Town Board - Letter Board Meeting of February 28, 2023
EXHIBIT A
(Below is the Notice for Publication and Posting
TOWN OF SOUTHOLD,NEW YORK
PLEASE TAKE NOTICE that on February 28, 2023, 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 February 28, 2023, authorizing the issuance of bonds
in a principal amount not to exceed $1,400,000 to finance the
acquisition of land known as 41245 Route 25, Peconic, stating
the estimated maximum cost thereof is $1,400,000 and
appropriating said amount for such purpose,"
an abstract of which bond resolution concisely stating the purpose and effect thereof, being as
follows:
FIRST: AUTHORIZING the Town of Southold, New York to issue bonds in a
principal amount not to exceed $1,400,000 pursuant to the Local Finance Law of the State of
New York, to finance the acquisition of land known as 41245 Route 25, Peconic, NY SCTM
1000-86-1-3.1, in the Town.
SECOND: STATING that the estimated maximum cost thereof, including
preliminary costs and costs incidental thereto and the financing thereof, is $1,400,000;
appropriating said amount for such purpose; and STATING that the plan of financing includes
the issuance of bonds in a principal amount not to exceed $1,400,000 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;
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 thirty (30)
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: February 28, 2023
Denis Noncarrow
Town Clerk
Generated March 1, 2023 Page 36
Times Review Media Group Invoice #: fl8a72aa
The Suffolk Times Date: 03/02/2023
Bill To Customer Email
SOUTHOLD TOWN CLERK lynda.rudder@ town.southold.ny.us
F
Affidavits will be mailed or emailed (as ordered) 7 days AFTER THE
LAST INSERTION DATE.
Description Publish Date Amount
PUBLIC 03/09/2023 $63.43
Affidavit(eMail) 1 $25.00
Affidavit(Mail) 0 $0.00
Total: $88.43
Please remit checks payable to: Balance:
Times Review Media Group
$88.43
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
TOWN OF SOUTHOLD
NEW YORK
PLEASE TAKE NOTICE that on
February 28,2023,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
February 28,2023,authorizing the
issuance of bonds in a principal
amount not to exceed$1,400,000
to finance the acquisition of land
known as 41245 Route 25,Peconic,
stating the estimated maximum
cost thereof is$1,400,000 and
appropriating said amount for such
purpose,"
an abstract of which bond
resolution concisely stating the
purpose and effect thereof,being
as follows:
FIRST: AUTHORIZING the Town of
Southold,New York to issue bonds
in a principal amount not to exceed
$1,400,000 pursuant to the Local
Finance Law of the State of New
York,to finance the acquisition of
land known as 41245 Route 25,
Peconic,NY SCTM 1000-86-1-3.1,
in the Town.
SECOND: STATING that the
estimated maximum cost thereof,
including preliminary costs and
costs incidental thereto and the
financing thereof,is$1,400,000;
appropriating said amount for such
purpose;and STATING that the
plan of financing includes the
issuance of bonds in a principal
amount not to exceed$1,400,000
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;
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 thirty(30)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:February 28,2023
Denis Noncarrow
Town Clerk
EXHIBIT A
(Below is the Notice for Publication and Posting)
TOWN OF SOUTHOLD,NEW YORK
PLEASE TAKE NOTICE that on February 14,2023,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 February 14,
2023, authorizing the issuance of bonds in a principal amount not to exceed
$1,400,000 to finance the acquisition of land known as 41245 Route 25,
Peconic, stating the estimated maximum cost thereof is $1,400,000 and
appropriating said amount for such purpose,"
an abstract of which bond resolution concisely stating the purpose and effect thereof,being as follows:
FIRST: AUTHORIZING the Town of Southold, New York to issue bonds in a principal amount
not to exceed$1,400,000 pursuant to the Local Finance Law of the State of New York,to finance the acquisition of
land known as 41245 Route 25,Peconic, NY SCTM 1000-86-1-3.1, in the Town.
SECOND: STATING that the estimated maximum cost thereof, including preliminary costs and
costs incidental thereto and the financing thereof, is $1,400,000; appropriating said amount for such purpose; and
STATING that the plan of financing includes the issuance of bonds in a principal amount not to exceed$1,400,000 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;
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 thirty(30)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: February 14,2023
Denis Noncarrow
Town Clerk
PHONE: 212-820-9300 7 WORLD TRADE CENTER NEW YORK
FAX: 212-514-8425 250 GREENWICH STREET WASHINGTON
NEW YORK, NY 10007 NEWARK
W WW.HAWKINS.COM HARTFORD
LOS ANGELES
SACRAMENTO
(212) 820-9662 February 13, 2023 SAN FRANCISCO
PORTLAND
ANN ARBOR
Town of Southold,New York. RALEIGH
$1,400,000 Bonds for Land Acquisition
(Our File Designation: 2615/46577)
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 February 14, 2023, 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.
Exhibit A 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
February 14, 2023
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 February 14,
2023.
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 FEBRUARY 14, 2023, AUTHORIZING THE
ISSUANCE OF BONDS IN A PRINCIPAL AMOUNT NOT TO
EXCEED $1,400,000 TO FINANCE THE ACQUISITION OF
LAND KNOWN AS 41245 ROUTE 25, PECONIC, STATING
THE ESTIMATED MAXIMUM COST THEREOF IS $1,400,000
AND APPROPRIATING SAID AMOUNT FOR SUCH PURPOSE
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 issue bonds in a principal amount not to exceed
$1,400,000 pursuant to the Local Finance Law, constituting Chapter 33-a of the Consolidated
Laws of the State of New York(herein called the"Law"),to finance the acquisition of land known
as 41245 Route 25, Peconic, NY SCTM 1000-86-1-3.1, in the Town.
Section 2. The estimated maximum cost thereof, including preliminary costs and
costs incidental thereto and the financing thereof, is $1,400,000 and said amount is hereby
appropriated for such purpose. The plan of financing includes the issuance of bonds in a principal
amount not to exceed$1,400,000 to finance said appropriation,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$1,400,000 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. 21 of the Law, is
thirty (30) 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 publish or cause to be published,in full, in the official newspaper of the Town, having a general
circulation within said Town, and posted on the sign board of the Town maintained pursuant to
the Town Law, a Notice in substantially the following form appearing in Exhibit A hereto.
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
official newspaper of the Town, having a general circulation within said Town, together with a
Notice in substantially the form as provided by Section 81.00 of the Law.
The adoption of the foregoing resolution was 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
February 14, 2023, 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 14th day of
February, 2023.
(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 , 2023, 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 February 14, 2023, 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 February, 2023.
Notary Public, State of New York