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Home My WebLink AboutTB-08/07/2024 DENIS NONCARROW Town Hall, 53095 Main Road TOWN CLERK PO Box 1179 Southold,NY 11971 REGISTRAR OF VITAL STATISTICS Fax(631)765-6145 MARRIAGE OFFICER Telephone: 631-765-1800 RECORDS MANAGEMENT OFFICER southoldto wn.northfork.net FREEDOM OF INFORMATION OFFICER OFFICE OF THE TOWN CLERK SOUTHOLD TOWN BOARD SOUTHOLD TOWN BOARD ANNUAL FISHERS ISLAND MEETING August 7, 2024 1:30 PM A Annual Fishers Island Meeting of the Southold Town Board was held Wednesday, August 7, 2024 at the Fishers Island, Fishers Island, Ny. I. Call to Order 1:30 PM Meeting called to order on August 7, 2024 at Fishers Island, Fishers Island School, Fishers Island,Ny. Attendee Name Organization Title Status Arrived Greg Doroski Town of Southold Councilman Present Brian O. Mealy Town of Southold Councilman Present Anne H. Smith Town of Southold Councilwoman Present Albert J Krupski Jr Town of Southold Supervisor Present Jill Doherty Town of Southold Councilwoman Present Louisa P. Evans Town of Southold Justice Present IL Communications III. Special Presentation 1. Zoning Update Overview & Timeline (5 Minutes) -Heather Lanza, Town Planning Director IV. Public Portion V. Resolutions 2024-705 CATEGORY. Set Meeting DEPARTMENT. Town Clerk Set Special Town Board Meeting Page 1 August 7, 2024 Southold Town Board Board Meeting RESOLVED that a Special Town Board Meeting of the Southold Town Board be held, Tuesday,August 13, 2024 at the Southold Town Hall, Southold, New York at 9:00 AM. ✓Vote Record-Resolution RES-2024-705 El Adopted ❑ Adopted as Amended ❑ Defeated Yes/Aye No/Nay Abstain Absent ❑ Tabled Greg Doroski Seconder Q ❑ ❑ ❑ ❑ Withdrawn ❑ Supervisor's Appt Brian O.Mealy Voter Q ❑ ❑ ❑ ❑ Tax Receiver's Appt Anne H.Smith Mover CAI ❑ ❑ ❑ ❑ Rescinded Albert J Krupski Jr Voter Q ❑ ❑ ❑ ❑ Town Clerk's Appt Jill Doherty Voter Q ❑ ❑ ❑ ❑ Supt Hgwys Appt Louisa P.Evans Voter Q ❑ ❑ ❑ ❑ No Action ❑ Lost 2024-706 CATEGORY. Set Meeting DEPARTMENT. Town Clerk Set Next Meeting RESOLVED that the next Regular Town Board Meeting of the Southold Town Board be held, Tuesday,August 27, 2024 at the Southold Town Hall, Southold, New York at 7:00 P. M.. ✓Vote Record-Resolution RES-2024-706 * Adopted ❑ Adopted as Amended ❑ Defeated Yes/Aye No/Nay Abstain Absent ❑ Tabled Greg Doroski Seconder Q ❑ ❑ ❑ ❑ Withdrawn ❑ Supervisor's Appt Brian O.Mealy Voter Q ❑ ❑ ❑ ❑ Tax Receiver's Appt Anne H.Smith Voter CAI ❑ ElEl❑ Rescinded Albert J Krupski Jr Voter CAI ❑ ❑ ❑ ❑ Town Clerk's Appt Jill Doherty Voter Q ❑ ❑ ❑ ❑ Supt Hgwys Appt Louisa P.Evans Mover Q ❑ ❑ ❑ ❑ No Action ❑ Lost 2024-707 Page 2 August 7, 2024 Southold Town Board Board Meeting CATEGORY: Budget Modification DEPARTMENT. Accounting 2024 Budget Modification-DPW(Streetlighting) Financial Impact: Transfer funds for solar lighting on Love Lane and Fishers Island RESOLVED that the Town Board of the Town of Southold hereby modifies the 2024 General Fund Whole Town budget as follows: From: A.1620.2.500.350 Beach Improvements $5,000 Total $5,000 To: A.5182.2.500.500 Street Light Fixtures $5,000 Total $5,000 ✓Vote Record-Resolution RES-2024-707 Rl Adopted ❑ Adopted as Amended ❑ Defeated Yes/Aye No/Nay Abstain Absent ❑ Tabled Greg Doroski Voter .......0 ❑ ❑ ❑ ❑ Withdrawn ❑ Supervisor's Appt Brian O.Mealy Voter 0 ❑ ❑ ❑ ❑ Tax Receiver's Appt Anne H.Smith Seconder 0 ❑ ❑ ❑ ❑ Rescinded Albert J Krupski Jr Voter Rl ❑ ❑ ❑ ❑ Town Clerk's Appt Jill Doherty Mover Rl ❑ ❑ ❑ ❑ Supt Hgwys Appt Louisa P.Evans Voter Rl ❑ ❑ ❑ ❑ No Action ❑ Lost 2024-708 CATEGORY: Budget Modification DEPARTMENT. Accounting 2024 Budget Modification-Police Department Financial Impact: Increase budget for partial allocation of the Law Enforcement Technology (LETECH)program grant award RESOLVED that the Town Board of the Town of Southold hereby modifies the 2024 General Whole Town Fund budget as follows: Page 3 August 7, 2024 Southold Town Board Board Meeting Increase Revenues: A.3389.10 State Aid, NYS DCJS Grant $9,174 Total $9,174 Increase Appropriations: A.3120.2.500.100 Police/Equip/Other Equip/Breath Anlys Equip $9,174 Total $9,174 ✓Vote Record-Resolution RES-2024-708 Q Adopted ❑ Adopted as Amended ❑ Defeated Yes/Aye No/Nay Abstain Absent ❑ Tabled El Withdrawn Greg Doroski Seconder Q El El El ❑ Supervisor's Appt Brian O.Mealy Mover Q ❑ ❑ ❑ ❑ Tax Receiver's Appt Anne H.Smith Voter Q ❑ ❑ ❑ ❑ Rescinded Albert J Krupski Jr Voter Q ❑ ❑ ❑ ❑ Town Clerk's Appt Ji 11 l 11 l Doherty Voter Q ❑ ❑ ❑ ❑ Supt Hgwys Appt Louisa P.Evans Voter Q ❑ ❑ ❑ ❑ No Action ❑ Lost 2024-709 CATEGORY: Budget Modification DEPARTMENT. Accounting 2024 Budget Modification- Town Attorney Financial Impact: To cover Sea Tow professional services RESOLVED that the Town Board of the Town of Southold hereby modifies the 2024 General Fund Whole Town budget as follows: From: A.1990.4.100.100 Unallocated Contingencies $7,600 Total $7,600 To: A.1420.4.500.300 Professional Services $7,600 Total $7,600 ✓Vote Record-Resolution RES-2024-709 Q Adopted Yes/Aye No/Nay Abstain Absent ❑ Adopted as Amended Greg Doroski Voter Q ❑ ❑ ❑ Page 4 August 7, 2024 Southold Town Board Board Meeting ❑ Defeated Brian O.Mealy Mover 0 ❑ ❑ ❑ ❑ Tabled Anne H.Smith Seconder 21 ❑ ❑ ❑ ❑ Withdrawn Albert J Krupski Jr Voter Rl ❑ ❑ ❑ ❑ Supervisor's Appt Jill Doherty Voter Rl ❑ ❑ ❑ ❑ Tax Receiver's Appt Louisa P.Evans Voter Q ❑ ❑ ❑ ❑ Rescinded ❑ Town Clerk's Appt ❑ Supt Hgwys Appt ❑ No Action ❑ Lost 2024-710 CATEGORY: Employment- Town DEPARTMENT. Accounting Accepts Resignation of Thomas Reardon RESOLVED that the Town Board of the Town of Southold hereby accepts the resignation of Thomas Reardon from the position of Part Time Account Clerk for the Solid Waste District effective August 1, 2024. ✓Vote Record-Resolution RES-2024-710 0 Adopted ❑ Adopted as Amended ❑ Defeated Yes/Aye No/Nay Abstain Absent ❑ Tabled ❑ Withdrawn Greg Doroski Mover 0 ❑ El El ❑ Supervisor's Appt Brian O.Mealy Voter 0 ❑ ❑ ❑ ❑ Tax Receiver's Appt Anne H.Smith Voter 0 ❑ ❑ ❑ ❑ Rescinded Albert J Krupski Jr Voter 21 ❑ ❑ ❑ ❑ Town Clerk's Appt Jill Doherty Voter 0 ❑ ❑ ❑ ❑ Supt Hgwys Appt Louisa P.Evans Seconder 0 ❑ ❑ ❑ ❑ No Action ❑ Lost 2024-711 CATEGORY: Advertise DEPARTMENT. Solid Waste Management District Advertise for Part Time Account Clerk Page 5 August 7, 2024 Southold Town Board Board Meeting RESOLVED that the Town Board of the Town of Southold hereby authorizes and directs the Town Clerk to advertise for the Part Time position of Account Clerk at the Southold Town Dept of Solid Waste. ✓Vote Record-Resolution RES-2024-711 Q Adopted ❑ Adopted as Amended ❑ Defeated Yes/Aye No/Nay Abstain Absent ❑ Tabled Greg Doroski Voter Q ❑ ❑ ❑ ❑ Withdrawn ❑ Supervisor's Appt Brian O.Mealy Voter Q ❑ ❑ ❑ ❑ Tax Receiver's Appt Anne H.Smith Seconder Q ❑ ❑ ❑ ❑ Rescinded Albert J Krupski Jr Voter Q ❑ ❑ ❑ ❑ Town Clerk's Appt Jill Doherty Voter Rl......... ❑ ❑......... ❑ .... ❑ Supt Hgwys Appt Louisa P.Evans Mover Q ❑ ❑ ❑ ❑ No Action ❑ Lost 2024-712 CATEGORY: Special Events DEPARTMENT. Town Clerk Special Event 2024-39 Peconic Bay Vineyards RESOLVED that the Town Board of the Town of Southold hereby grants permission to Peconic Bay Vineyard, to hold Special Event 2024-39 at the Peconic Bay Vineyards, 31320 Main Road, Cutchogue, New York as applied for in Application PBV5a for a Jazz in the Vines Concert on August 10, 2024 from 5:OOPM to 10:00PM,provided they adhere to all conditions on the application, permit and the Town of Southold Policy for Special Events. All parking must be contained on site. This permit is subject to revocation if the applicant fails to comply with any of the conditions of the approval or is unable to properly control traffic flow into and out of the event. ✓Vote Record-Resolution RES-2024-712 Q Adopted ❑ Adopted as Amended Yes/Aye No/Nay Abstain Absent ❑ Defeated Greg Doroski Voter Q ❑ ❑ ❑ ❑ Tabled Brian O.Mealy Voter Q ❑ ❑ ❑ ❑ Withdrawn Anne H.Smith Seconder Q ❑ ❑ ❑ ❑ Supervisor's Appt El El El Tax Receiver's Appt Albert J Krupski Jr Voter Q ❑ Rescinded Jill Doherty Mover Q ❑ ❑ ❑ ❑ Town Clerk's Appt Louisa P.Evans Voter Q ❑ ❑ ❑ ❑ Supt Hgwys Appt ❑ No Action Page 6 August 7, 2024 Southold Town Board Board Meeting ❑ Lost 2024-713 CATEGORY: Employment- Town DEPARTMENT. Accounting Appoint Patrick Halpin PT Court Officer RESOLVED that the Town Board of the Town of Southold hereby appoints Patrick Halpin to the position of Part Time Court Officer for the Justice Court effective August 14, 2024 at a rate of$34.92 per hour. ✓Vote Record-Resolution RES-2024-713 0 Adopted ❑ Adopted as Amended ❑ Defeated Yes/Aye... ...No/Nay.......Abstain.......Absent ❑ Tabled Greg Doroski Voter ..0. ......... ..❑. ..❑. ..❑. ❑ Withdrawn ❑ Supervisor's Appt Brian O.Mealy Seconder 0 ❑ ❑ ❑ ❑ Tax Receiver's Appt Anne H.Smith Mover 0 ❑ ❑ ❑ ❑ Rescinded Albert J Krupski Jr Voter 0 ❑ ❑ ❑ ❑ Town Clerk's Appt Jill Doherty Voter 0 ❑ ❑ ❑ ❑ Supt Hgwys Appt Lonisa P.Evans Voter 0 ❑ ❑ ❑ ❑ No Action ❑ Lost 2024-714 CATEGORY: Employment- Town DEPARTMENT. Accounting Appoint Neven Blace PT Maintenance Mechanic I RESOLVED that the Town Board of the Town of Southold hereby appoints Neven Blace to the position of Part Time Maintenance Mechanic I for the Human Resource Center effective August 14, 2024 at a rate of$21.30 per hour,not to exceed 17.5 hours per week,pending Civil Service approval. ✓Vote Record-Resolution RES-2024-714 0 Adopted Yes/Aye No/Nay Abstain Absent ❑ Adopted as Amended Greg Doroski Voter 0 ❑ ❑ ❑ ❑ Defeated Brian O.Mealy Mover 0 ❑ ❑ ❑ Page 7 August 7, 2024 Southold Town Board Board Meeting ❑ Tabled Anne H.Smith Voter 0 ❑ ❑ ❑ ❑ Withdrawn Albert J Krupski Jr Voter 21 ❑ ❑ ❑ ❑ Supervisor's Appt Jill Doherty Seconder Rl ❑ ❑ ❑ ❑ Tax Receiver's Appt Louisa P.Evans Voter Rl ❑ ❑ ❑ ❑ Rescinded ❑ Town Clerk's Appt ❑ Supt Hgwys Appt ❑ No Action ❑ Lost 2024-715 CATEGORY: Grants DEPARTMENT: Town Attorney FAA Grant Agreement#3-36-0029-032-2024 RESOLVED, that the Town Board of the Town of Southold hereby authorizes and directs Supervisor Albert J Krupski, Jr. to execute a grant agreement with the Federal Aviation Administration Grant No. 3-36-0029-032-2024 to rehabilitate and remark 1,742 feet of existing Runway 7/25 and 7/30 pavement, to be completed within 4 years of the date of acceptance, at a total expenditure of$2,460,667.00, to be paid through the FAA grant at 90% of allowable costs with the balance to be paid 5% from New York State and 5% by the grant sponsor, Fishers Island Ferry District. ✓Vote Record-Resolution RES-2024-715 0 Adopted ❑ Adopted as Amcnded ❑ Defeated Yes/Aye No/Nay Abstain Absent ❑ Tabled CAI ❑ El El Withdrawn Greg Doroski Mover ❑ Supervisor's Appt Brian O.Mealy Voter 0 ❑ ❑ ❑ ❑ Tax Receiver's Appt Anne H.Smith Voter 0 ❑ ❑ ❑ ❑ Rescinded Albert J Krupski Jr Voter 0 ❑ ❑ ❑ ❑ Town Clerk's Appt Jill Doherty Voter 0 ❑ ❑ ❑ ❑ Supt Hgwys Appt Louisa P.Evans Seconder 0 ❑ ❑ ❑ ❑ No Action ❑ Lost 2024-716 CATEGORY: Bond DEPARTMENT: Town Clerk Page 8 August 7, 2024 Southold Town Board Board Meeting Fishers Island Sidewalk Bond BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED AUGUST 7, 2024, AUTHORIZING THE ISSUANCE OF BONDS IN A PRINCIPAL AMOUNT NOT TO EXCEED $250,000 TO FINANCE THE CONSTRUCTION OF SIDEWALK IMPROVEMENT ON FISHERS ISLAND, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $250,000 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$250,000 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 construction of sidewalk improvement on Fishers Island. Section 2. The estimated maximum cost thereof, including preliminary costs and costs incidental thereto and the financing thereof, is $250,000 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 $250,000 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 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. 24 of the Law, is ten (10) 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 Page 9 August 7, 2024 Southold Town Board Board Meeting 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 S. 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 8 1.00 of the Law. EXHIBIT A (Below is the Notice for Publication and Posting) TOWN OF SOUTHOLD, NEW YORK PLEASE TAKE NOTICE that on August 7, 2024, 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 August 7, 2024, authorizing the issuance of bonds in a principal amount not to exceed $250,000 to finance the construction of sidewalk improvement on Fishers Island, stating the estimated maximum cost thereof is $250,000 and appropriating said amount for such purpose," Page 10 August 7, 2024 Southold Town Board Board Meeting 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 $250,000 pursuant to the Local Finance Law of the State of New York, to finance the construction of sidewalk improvement on Fishers Island; SECOND: STATING that the estimated maximum cost thereof, including preliminary costs and costs incidental thereto and the financing thereof, is $250,000; 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 $250,000 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 ten (10) 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: STATING the conditions under which the validity of the bonds and any notes issued in anticipation thereof may be contested; and SEVENTH: DETERMINING that the bond resolution is subject to a permissive referendum. DATED: August 7, 2024 Denis Noncarrow Town Clerk ✓Vote Record-Resolution RES-2024-716 Rl Adopted ❑ Adopted as Amended ❑ Defeated Yes/Aye No/Nay Abstain Absent ❑ Tabled El Withdrawn Greg Doroski Seconder 0 ❑ El El ❑ Supervisor's Appt Brian O.Mealy Voter 0 ❑ ❑ ❑ ❑ Tax Receiver's Appt Anne H.Smith Voter Rl ❑ ❑ ❑ ❑ Rescinded Albert J Krupski Jr Voter R1 ❑ ❑ ❑ ❑ Town Clerk's Appt Jill Doherty Voter Rl ❑ ❑ ❑ ❑ Supt Hgwys Appt Louisa P.Evans Mover 0.................El ..... ❑...... ❑..... ❑ No Action ❑ Lost Page 11 August 7, 2024 Southold Town Board Board Meeting 2024-717 CATEGORY: Bond DEPARTMENT. Town Clerk Southold Sidewalk Bond BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED AUGUST 7, 2024, AUTHORIZING THE ISSUANCE OF BONDS IN A PRINCIPAL AMOUNT NOT TO EXCEED $250,000 TO FINANCE THE CONSTRUCTION OF SIDEWALK IMPROVEMENT IN THE TOWN, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $250,000 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$250,000 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 construction of sidewalk improvement in the Town. Section 2. The estimated maximum cost thereof, including preliminary costs and costs incidental thereto and the financing thereof, is $250,000 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 $250,000 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 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. 24 of the Law, is ten (10) 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 Page 12 August 7, 2024 Southold Town Board Board Meeting 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. EXHIBIT A (Below is the Notice for Publication and Posting) TOWN OF SOUTHOLD, NEW YORK PLEASE TAKE NOTICE that on August 7, 2024, the Town Board of the Town of Southold, in the County of Suffolk,New York, adopted a bond resolution entitled: Page 13 August 7, 2024 Southold Town Board Board Meeting "Bond Resolution of the Town of Southold,New York, adopted August 7, 2024, authorizing the issuance of bonds in a principal amount not to exceed$250,000 to finance the construction of sidewalk improvement in the Town, stating the estimated maximum cost thereof is $250,000 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 $250,000 pursuant to the Local Finance Law of the State of New York, to finance the construction of sidewalk improvement in the Town; SECOND: STATING that the estimated maximum cost thereof, including preliminary costs and costs incidental thereto and the financing thereof, is $250,000; 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 $250,000 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 ten (10)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: STATING the conditions under which the validity of the bonds and any notes issued in anticipation thereof may be contested; and SEVENTH: DETERMINING that the bond resolution is subject to a permissive referendum. DATED: August 7, 2024 Denis Noncarrow Town Clerk ✓Vote Record-Resolution RES-2024-717 Rl Adopted ❑ Adopted as Amended ❑ Defeated Yes/Aye No/Nay Abstain Absent ❑ Tabled .. ... ..... .... ... ... Greg Doroski Voter 0 ❑ ❑ ❑ El Withdrawn ❑ Supeivisor's Appt Brian O.Mealy Seconder 0 ❑ ❑ ❑ ❑ Tax Receiver's Appt Anne H.Smith Voter 0 ❑ ❑ ❑ ❑ Rescinded Albert J Krupski Jr Voter 0 ❑ ❑ ❑ ❑ Town Clerk's Appt Jill Doherty Mover 0 ❑ ❑ ❑ ❑ Supt Hgwys Appt Louisa P.Evans Voter 0 ❑ ❑ ❑ .......................................................... ............... ❑ No Action ❑ Lost Page 14 August 7, 2024 Southold Town Board Board Meeting Page 15