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HomeMy WebLinkAboutPeconic Lane Park Improvements~"~..~a~r~.~i~ A~i~a.a~.~a~a~._',:~ been regularly published in ~id '~~ ~ ~ ....... ~ ~b ~ ~ ~ u~ ~Y ~ ~. each w~k ~r [ w~wspaper once ~~ ~, ~ ~ · c~ ~ commencing ~ on the ~ ccessively, ~-~-~ . ~a ~ ~ ~rinci~l Clerk =~OFA~W~nUC I ~ ~Worn to be~re me this ~ ~IMA~D, . M~lMt,u b ~ ~ ~ UD/NO ~INARY FINAM~ SAID APPROPRIA. Coamy ~ Sut~ [V~W'F,~-k be made am'ma~ in tbe bud~Jof~.e authot'i~d m in~m~v and embell~ T°wn ~ ~ for (a) the EXTRACT OF MINUTES Meeting of the Town Board of the Town of Southold, Southold, Town Hall, 53095 Main Road, Southold, New York, in the County of Suffolk, New York Oc~ber 26, 1999 A regular meeting of the Town Board of the Town of in the County of Suffolk, New York, was held at the on September 28, 1999 at 4:30 o'clock P.M. (Prevailing Time). There were present: Hon. Jean W. Cochran, Councilman Brian G. Murphy Councilman John M. Romanelli Councilman William D. Moore Justice Louisa P. Evans Councilwoman Alice J. Hussie Board Members: Supervisor; and There were absent: Also present: Elizabeth A. Neville, Gregory F. Yakaboski, Councilman Romanelli offered the resolution and moved its adoption: Town Clerk Town Attorney following 215931.1 020097 BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED October 26, 1999, AUTHORIZING THE ORIGINAL IMPROVEMENT AND EMBELLISHMENT OF A NEW PUBLIC PARK AND RECREATIONAL AREA ON THE LAND CONTAINING 13.85 ACRES, MORE OR LESS, ON THE WEST SIDE OF PECONIC LANE, HERETOFORE ACQUIRED AND NOW OWNED BY AND SITUATE IN, SAID TOWN; STATING THE ESTIMATED MAXIMUM COST THEREOF IS $275,000, INCLUDING PRELIMINARY COSTS AND COSTS INCIDENTAL THERETO AND TO THE FINANCING THEREOF; APPROPRIATING SAID AMOUNT THEREFOR AND AUTHORIZING THE ISSUANCE OF $275,000 SERIAL BONDS OF SAID TOWN 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 FQLLOWS: Section 1. The Town of Southold, in the County of Suffolk, New York (herein called "Town"), is hereby authorized to improve and embellish a new public park and recreational area, including, but not limited to, storage and restroom facilities, a football field, concession stand, rollerskate hockey ring, a track to be used for rollerblading, jogging and walking and the 215931.1 020~97 RES equipment, machinery and apparatus necessary or appurtenant thereto, being the initial phase of the original improvement and embellishment of such park and area, the certain piece or parcel of land containing 13.85 acres, more or less, on the west side of Peconic Lane, heretofore acquired and now owned by and situate in, the Town. The estimated maximum cost of said specific object or purpose is $275,000, including preliminary costs and costs incidental thereto and the said amount of $275,000 is hereby appropriated therefor. The plan of financing includes the issuance of $275,000 serial bonds of the Town 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. Serial bonds of the Town in the principal amount of $275,000 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 "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 specific object or purpose for which the $275,000 serial bonds authorized pursuant to this resolution are to be issued, within the limitations of Section 11.00 a. 19 of the Law, is hereby determined to be fifteen (15) years; however, 215931.1 020097 RES the maturity of the bonds herein authorized shall not exceed five (5) 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 Town Board acting in the role of the Lead Agency, after having identified and considered the relevant areas of environmental concern associated with said improvement and embellishment of said park and recreational area authorized as hereinabove described to in Section 1 (the "Project"), has issued a negative declaration for purposes of the State Environmental Quality Review Act ("SEQRA"), Article 8 of the New York Environmental Conservation Law, and has determined that the Project will not have a "significant effect" upon the environment, and has satisfied the requirements imposed by SEQRA. (d) The proposed maturity of the bonds authorized by this resolution will not exceed five 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 215931.! 020097 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 without limitation of rate or amount. 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 relative to the authorization of the issuance 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 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 any other bonds heretofore or hereafter authorized, and of any bond anticipation notes issued in anticipation of said bonds, and the renewals of said bond anticipation notes, and relative to executinG contracts for credit enhancements and providinG for substantially level or 215931.1 020097 RES declining annual debt service, 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 the publication of such resolution 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 shall take effect immediately and the Town Clerk is hereby authorized and directed to publish this bond resolution, in full, together with a notice attached in substantially the form prescribed by Section 81.00 of the Local Finance Law in THE SUFFOLK TIMES, a newspaper published in Mattituck, New York, having a general circulation in the Town and hereby designated the official newspaper of the Town for such publication. 215931.1 020097 RES The adoption of the foregoing resolution was seconded by Councilman Brian G. Murphyand duly put to a vote on roll call, which resulted as follows: Councilman Brian G. Murphy AYES: Councilman John M. Romanelli Councilman William D. Moore Justice Louisa P. Evans Supervisor Jean W. Cochran NOES: Councilwoman Alice J. Hussie The resolution was declared adopted. 215931.1 020097 RES CERTIFICATE I, ELIZABETH A. NEVILLE, 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 Oc~ber 26, 1999, 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 Town of Southhold this Z6th October 1999. of said day of (SEAL) town C1 e(rk -~ 215931.1 020097 RES ELIZABETH A. NEVILLE TOWN CLERK REGISTRAR OF VITAL STATIST[CS SLM:~RIAGE OFFICER RECORDS MANAGEMENT OFFICER FREEDOM OF INFORMATION OFFICER Town Hall, 53095Main Road P.O. Box 1179 Southold, New York 11971 Fax(516) 765-6145 Telephone(516) 765-1800 OFFICE OF THE TOWN CLERK TOWN OF SOUTHOLD THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION WAS ADOPTED AT A REGULAR MEETING OF THE SOUTHOLD TOWN BOARD HELD ON OCTOBER 26. 1999: WHEREAS, the Town Board of the Town of Southold is considering the development of a recreational park known as the "Peconic Lane Park" located at the parcel identified as SCTM #1000-74-5-6 and consisting of approximately 13 acres; and RESOLVED, by the Town Board of the Town of Southold that this action is classified as an Unlisted action pursuant to SEQRA Rules and Regulations, 6 NYCRR 617 I et. seq~ be it further RESOLVED, by the Town Board of the Town of Southold that there are no other involved agencies; be it further RESOLVED, by the Town Board of the Town of Southold that it declares itself lead agency for this project pursuant to SEQRA Rules and Regulations, 6 NYCRR 617.6 et. seq.; be it further RESOLVED, by the Town Board of the Town of Southold that based upon the completed LEAF (Long Environmental Assessment Form) for this project attached hereto, there is no potential significant adverse impact on the environment; be it further RESOLVED, by the Town Board of the Town of Southold that it hereby issues a negative declaration for this project pursuant to SEQRA Rules and Regulations, 6 NYCRR 617.1 et. seq. Eliz~ibeth A. Neville Southold Town Clerk October 26. 1999