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HomeMy WebLinkAboutHighway Dept-Street Sweeper ~ · herein authorized and any bond The bond ~O~n Pub- antidpation notes issued~inan.~ li?h~d, he? .w~t_.h ~s l~een tici,.l~ti.on of said bomts maybe anoptea onffl~'t!~l.da~ o~tanu~ applied to reimburse the Town dry, 1999. The validity of the forexpenditur~tmndeal%rthe. obli~atioll~.au~ by such effective d~l~.bf-~t~sointion resotuti~may~_ ' .l~m~: fort~r~ ~wl~tch said tested only ifsuch~lil~Ofis ~thori~ were authorized foran obje~tnf going~ oi~-~tent with purpoS~ for which the TOWN ' resl~t~tto~e~ismltde OFSOUTHOLD,~eCOmffY in ¢9~foB~y ~fith. Trea~ry ofSufib~,NeWyo~k~isnOtag. ~'~lee~ionLlS0~2ofth~ ~orized to expend money orif~ Unit~ ~S~a~es Treacly Deport- ~ne provisions:of law w~hinh mont.' shon~ld, havebe~a complied with . (c) The pwpo~'ed, filaturity of as o[~e dale ofPUbfication Of C me honda anth~izeo, by this this notice were :not substan-' resolution ~will ;lot excee~ five tially °°mPlled wilh~ al~d an ac- Y~ .tion, suit 0r.~.~. tng contest-_~ 4; ~h. of:j~e bonds lng~.such val~dity is commenced au~0 ~, by thi,~ res~Jution w~thintw~U~)~di~s~thedate and a~ ~0~notes, of publio~l~m o{' the 'nOtiCe, or issued ~"~ ~f~he Sale such o~s were autho- of said ~~ the rized in ~ of the provi- .reci~ i ~s~ry ~rc~cribed sions of ~titution ~ySe~ a 52-~o~tl{e Law and A. va E Said . g issoed ~"~.,'~; TownClo~k in anti~ )ahon of said bonds TBOND~oNOFTHE s. hallbe general obligations of OWN O~SQUTHOLD, NEW me ~oWn, i~y~e as t° both YORK, A~_D ~ANUARY principal an~ lfiterest by general ~ ACQ~o'T~ITION OF ~ STREET....er~.. w..'~)~e- TOWn:,~Vithout SWEEPERFOR USEBY THE dtr~ltati0i~&f~0r~t. The TOWN HIGHWAY DF. PART- faith and credit of the Town are MENT, STATING THE ESTI- hereby irrevocably ~pledged to ~.M~_TEDMAXIMUMCOSTOF th.e .~4m. mutual payment of the $130,000, APPROPRIATING pr'mcil~l~ofand in,ton said. SAID AM~ T'rlEREFOR,: ~ bo~d. ?~ ~fi.m'~y',not~ issued in sA1ND AUTHORIZING TI-IE ~ · ::anticipation of the sale Of Said g~A~,I.~CEOF~,O00,ed~I~a ~bond$~al~d provisiol~ shall be ONI~S O1~ SAID TOWhb~::~ made aimoally in the budget of' FINANCE SAIDAPPRO~ ~,~the Tov0fi by hppr0priation for TI~H~ ~ :: ~ ~:~, (a)the~andredemP- TOWN BOARDOF TI-lB: ~ition of the bonds and any notes cT~WN OF ~SOLH'HOLD, IN:THE ~in anticipation thereof to mature _ ~TY O~FSUFFOLK~NEW ~insui~l~yearand(b)thePayment ?e~K.. rtEREaYm~SOCWSCoy ~of ~to be d~e ~nd pay- ? ~vo~b. le.~ot.e o.r?t .less ~..~. Ye.ar: ~an tW.o-m..ir? ot al~tme .m.e.m2 . .S~_~..~u~ject to the pro- nors o! said town uoarn) A~ v~sl~ll~'t~hi~ I'~solution and of FOLLOWS:: ~ . Section 1. The Town~ Southold; folkg' New York to muscat of the and and the Town Clerk is hereby nsn mis ~onareSolu~ in full, together, with a notice attached :K sS: in substantially the form pre- scribed by Section 81.00 of the LocalFinaneeLawin~he 'Trav- eing duly sworn, says that eler Watchman," a newspaper Coordinator, of the TRAV- published in Southold, New York, having a general circula- t public newspaper printed tion inthe Town andherby des- ignated the offi¢ia! newsp?,per k County; and that the no- of the ToWn for such publics- mexed is a printed copy, tion. , , , ~ said Traveler Watchman 1x-1/28/99 (35) / .................................................... weeks successively, comme,~cing on the ......~.....~... ...... day .... Sworn to befo{~(me this.......~.....O~.. ............. day of ................ ....... i...,, ......... ......... Notary Public BARBARA/L ,S{:HNEIDER NOTARY PUSUC, State o! New Y0tI~ No. 480~4~ {lualified in Suff01k~ / of said shall becoine due ~ for Section 2. Town in the principal mount of riding $130,000arehea~bymlthoriz~d declinil annual service to be issued p~t to the pro- are her, ~ deles1 to the Su- visionsofthoLocalFinanceLaw, pervisur; hechie ~alofficer constituting Chapter 33,aofthe~ of the Town. Cons°lida~d LaWs 6f the State S~ction 6. The vaiidit~ of the of New York (herein called bonds authoriz~ by this reSO- "Law"), to finance said appro- lution, and Of' any notes iSSued priation, in anticipation oftbe sale of said Section 3. The following addi- bonds, may be contested only tional matters are herebyd~ter- i~. · mined and declared: (a) such obligations are autho- (a)Theperlud~of~use- rized for an object Or purpose ~lness ap~e_tOthe.q~, iftc for Which the Town is not au- object or purpose tot which ~ morined toexpond money, or $130,000 seri.al,bonds ?uthorized (b) the provisions of law which pursuant to tim ~SOlUtion :are ShOuld bi:nomplied with at the to be issued, within the: limits, date of the publication of such tions of Section 1 !.00 a. 28 of reSOlution are not substantially t.o~ti~.~(l~.)~ho~e~er,, and ~ a . '.cOoa. suit o~ r,,ocecd. me ?ones au,m.~parsuant lng ~ontestmg,saeh:validity is to th~s res0!utwa~,and any bond commenced within twenty days anticipation notes is$.u.ed in an. after the date of such publica. ticipation of th~ Sale Of said tion, or' bonds, shall matUr0 nO later than (c) ~h ~ob..1.'.~. ,atafOnS ~ auth0. five (5), years from. the ,,d?e o,f . rized ip ~ola~ion~,o£ ~ae. PrOvi- original ~ssuance otsaidoon~s siona,ofm~icOnatitutintt or notes.. SectiOn 7-. Tiffs b6nd,~'?olu- Co) The proceeds of the bonds tion shalltake effect ~edlately EXTRACT OF MINUTES Meeting of the Town Board of the in the County of Suffolk, January 19, 1999 Town of Southold, New York Southold, Town Hall, 53095 Main Road, Southold, New York, 1999 at 4:30 o'clock P.M. (Prevailing Time). There were present: Hon. Jean W. Cochran, Board Members: Councilwoman Alice J. Hussie Justice Louisa Pi Evans Councilman William D. Moore Councilman ~J~hn M. Romanelli Councilman Brian G. Murphy A regular meeting of the Town Board of the Town of in the County of Suffolk, New York, was held at the on January 19, Supervisor; and There were absent: Also present: Elizabeth A. Neville, Gregory F. Yakaboski, Co, lneilm:. I.h. U Rnm:~.ll| offered the resolution and moved its adoption: Town Clerk Town Attorney following BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED J~LNU~YRy 19, 1999, AUTHORIZING THE ACQUISITION OF A STREET SWEEPER FOR USE BY THE TOWN HIGHWAY DEPARTMENT, STATING THE ESTIFnATED M AXIFFOM COST OF $130,000, APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSUANCE OF $130,000 SERIAL BONDS OF SAID TOWN TO FINANCE SAID APPROPRIATION. THE TOWN BO~YRD 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 "TOM"), is hereby authorized to acquire a street sweeper for use by the Town Highway Department. The estimated maximum cost of said specific object or purpose is $130,000, including preliminary costs and costs incidental thereto and the financing thereof, and said amount of $130,000 is hereby appropriated therefor. The plan of financing includes the issuance of $130,000 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 $130,000 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 $130,000 serial bonds authorized pursuant to this resolution are to be issued, within the limitations of Section 11.00 a. 28 of the Law, is hereby determined to be fifteen (15) years; however, the bonds authorized pursuant to this resolution, and any bond anticipation notes issued in anticipation of the sale of said bonds, shall mature no later than five (5) years from the date of original issuance of said bonds or notes. (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 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 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 30~079.1 001092 RES 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 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 co~umenced 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 "Traveler Watchman,,, 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. The adoption of the foregoing resolution was seconded by Counc|lwoman Alice J. Nu$$ieand duly put to a vote on roll call, which resulted as follows: AYES: Councilman Moore, Councilman Romanelli, Councilman Murphy, Justice Evans, Councilwoman Hussie, Supervisor Cochran NOES: None The resolution was declared adopted. 30gOT9. I 001092 CERTIFICATE I, ELIZA]BETH 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 January 19, 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 of said Town of Southhold this/6~ day of January, 1999. (SEAL) Town Clerk ELIZABETH A. NEVILLE TOWN CLERK REGISTRAR OF VITAL STATISTICS MARRIAGE OFFICER RECORDS MANAGEMENT OFFICER FREEDOM OF INFORMATION OFFICER Town Hall, 53095 Main Road P.O. Box 1179 Southold, New York 11971 Fax (516) 765-1823 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 JANUARY 19. 1999: BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED JANUARY 19, 1999, AUTHORIZING THE ACQUISITION OF A STREET SWEEPER FOR USE BY THE TOWN HIGHWAY DEPARTMENT, STATING THE ESTIMATED MAXIMUM COST OF $130,000, APPROPRIATING SAID AMOUNT THEREFOR, DaND AUTHORIZING THE ISSUANCE OF $130,000 SERIAL BONDS OF SAID TOWN TO FINANCE SAID APPROPRIATION. THE TOWN BOARD OF THE TOWN OF SOUTHOLD, SUFFOLK, NEW YORK, HEREBY RESOLVES (by the less than two-thirds of all the members of FOLLOWS: IN THE COUNTY OF favorable vote of not said Town Board) AS Section 1. The Town of Southold, in the County of Suffolk, New York (herein called "Town"), is hereby authorized to acquire a street sweeper for use by the Town Highway Department. The estimated maximum cost of said specific object or purpose is $130,000, including preliminary costs and costs incidental thereto and the financing thereof, and said amount of $130,000 is hereby appropriated therefor. The plan of financing includes the issuance of $130,000 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 $130,000 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 $130,000 serial bonds authorized pursuant to this resolution are to be issued, within the limitations of Section 11.00 a. 28 of the Law, is hereby determined to be fifteen (15) years; however, the bonds authorized pursuant to this resolution, and any bond anticipation notes issued in anticipation of the sale of said bonds, shall mature no later than five (5) years from the date of original issuance of said bonds or notes. (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 authored. The foregoing stateWt 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 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 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 the payment of interest to be due and payable in year and (b) 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 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 "Traveler Watchman," 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. Nev,lle r Southold Town Clerk January 19. 1999 STATE OF NEW YORK) SS: COUNTY OF SUFFOLK) ELIZABETH A. NEVILLE, Town Clerk of the Town of Southold, New York being duly sworn, says that on the 27th day of January 1999 she affixed a notice of which the annexed printed notice is a true copy, in, a proper and substantial manner, in a most public place in the Town of Southold, Suffolk County, New York, to wit: .Town Clerk's Bulletin Board, Southold Town Hall~ 53095 Main Roadr Southold~ New York Bond Resolution of the Town of Southold, New YOrk,, adopted Januar 19, 1999, aUthorizing the acquisition of a street Sweeper for use:by the Southold Town Highway Department. ~ Elizabeth A. Neville Southold Town Clerk Sworn to before me this 77thday of Jal:tuar_y~, 1999. ~ ' Notary Public'