HomeMy WebLinkAboutGarbage Truck The resolotion published Irerewith
bes t~n adopteA on tbe 20th day of
January, 199~, and thc validity of the
obligations authorized by such
lution may be bercefter contestnd only
if such obligations wc~c authoriznd for
an objeot or puqx~ for which the
TOWN OF SOUTHOLD, in
O~mUy of Suffolk, New york, is not
authorized to expend money or ff thc
provisions of law ~ should have
been complied with as of the date of
pablicetion of this Notice were not 5ub-
statoislly complied with, and an action,
suit or proceqding contesting such
validity is commenced within twenty
days after the publication bf this
Nndce, or such chli~stions were antho-
r~ed in violation of the provisions of
the constitution.
EL~ZABETfl A. NEVN.~B
Town Cisrk
BOND RESOLUTION ON THE
TOWN OF SOUTHOLD, NEW
YORK, ADOPTED JANUARY 20,
1998, AUTHORIZING TIlE PUR-
CHAS~ OF A GARBAGE TRUCK
NOR USE By TIiE DEPARTMENT
OF PUBLIC WORKS; STATINO
THE ESTIMATED MAXIMUM
COST THEREOF IS $90,000;
APPROPRIATINO SAID
AMOUNT THEREFOR, AU-
THORIZING THE AMOUNT OF
AT LEAST $2,000 EXPECFIg) TO
IN ALLOWANCE ON THE
GARBAGE TRUCK NOW
OWNED BY THE TOWN TO BE
AFIn mn TOWARDS THE COST
OF SUCH NEW GARBAGE
TRUCK AND AUTHORIZING
THE ISSUANCE OF NOT TO
EXCEED $88,000 SERIAL
BONDS OF SAID TOWN TO
FINANCE THE BALANCE OF
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 uti tbe members of esid Town
Board) AS FOLLOWS:
the County of Suffolk, New York 0m~e-
in called "Town"), is hereby
te pu,-chase a fefo~e tmch fm use by
the DeparUnent of Public Wo~z. The
estimated maximum cozt thereof,
including preliminary caere and corn
inciden~ thereto and to the fimmcing
is hereby appmpflstnd therefor. The
amoont of st isa~ $2,000 is expactod to
be reo.Avnd as the m~de-in allow~mce
.Town and uasa by said Bol~unem o!
Public Works and any such amount is
hereby authorized to be apptind
track. The pisa of filmncing incindes
the application of ~uch monies to be
~cetvnd as the trade-in ~linwance on e
~oafe mwk onmmly owned by the
of, the issuance of not to excend
finance tho balance of asid qy/xopria-
taxes on all the tanchis real proparty in
thc Town to pay thc pfindpal of said
bonds and thc interest thereon as the
same shall become due and payabis.
Scotlon 2. Serial bonds of the Town
in the principal amonot of not to excend
$88,000 a~ bereby authorized to be
issued pursuant to the izovisions of the
Local Finance Law, constituting
Chapter ~-a of the Consolidated
of thc State of New York (herein called
"Law"), to finance tbe balance of said
appropriation after applying the
amount of such mgic-in allowance.
Section 3; The followin~ additional
matters are hereby daterminnd and
declared:
(a) ~ pafioti of probable useful.
ness applicable to the specific object or
purpose fore, ich said asfisl bonds
authorized imrauant to this resolution
am to be issund, within the limitetinns
of Sendon 1L00 a. 29. of the Law, is
five (5) ycera.
(b) The proceeds of the bonds here.
in authorized and any bond anticipa~inn
n~s issued in anticipation of said
bonds may be applied to reiniberse the
Town for cxpanditores made after the
effective date of this resolution for the
purpose for which said bonds are
authorized. The foregoinsz stetemcnt of
intent with respaot to zulmborscment is
made in conformity with Treasury
Regulation Scotion 1.150-2 of the
United Stetes Tieasu~ Department.
(c) The proposed maturity of the
bonds authorized by this resolution will
not'excend five (5) years.
Section 4. Each of the bonds an-
thorizcd by this resolution and any
bond anticipation notes issund inan-
ticipatinn of thc s~lc of said bonds sheli
cont~fin thc recitel of validity as pre-
scribed by Section 52.00 of thc l~w
and said bonds and any notes issued in
anticipation of said bonds shall he fen.
eral obligations of the Town, payable as
to both principal and interest by fencr-
al rex upon ali the taxable real proparty
witl~n the Town without limitation of
rate or ammmt. The hith hnd credit
the Town are. hereby irrevocably
pledfed to the ponc~ti paym¢ot of thc
principal of a~ld interest on said bonds
and any nogs issund in andcipation of
the esJe of said bonds and provision
shall be made annually in the bndfet of
the Town by appropriation les (a) th~
amortization and redamption of the
bonds and any notes in anticipation
thereof to msture in such year and (b)
the payment of interest to be dae and
,payable in such year.
Section 5. Suhjext to thc provisions
of this resolution and of the Law and
punmant to the provisions of Scndon
2L00 relative to the authofi,~fion of
the iszannce of bonds with subetatoisl~
ly level es daciiuln
vice, Section ~0.00 reinfivc to the
authorization of the issuance of bond
anticipation notes and of Seotion 50.00
and Sections 56.00 to 60.00 of thc Law,
thc powcre and du~s of the Town
Board relative to autborizin$ bond
anticipation nogs and pre~ribing the
terms, form and contente and as to the
sale and issuance of thc bonds berein
authorized, and any bonds heretofore
m bereaficr authorized, and of any
bond anticipation notes issued in
anticipation of said bonds, and the
renewals of said bond anticipation
notes, are hereby delefetnd to the
Suparvisor, the chief fmcal ot~cer of
the Town. ·
Section 6. The validity of thc bonds
anthofiznd by this resoluti(m and of any
nogs issued in anticipation of tbe sale
of said bonds my be contested only if:
(a) Such obliptioan are mUho-
~ for an object or purpose for ~)
which the Town is not anthoriand to )SS:
expend money, or
(b) tbe p~oan of hw ~h~ LK)
~honM be co~plind with st ~ date b'~. ~-,~ Mattituck, in said
of the publicstinn of such resointion ~L~,..Lw:
~s~tandanycomplio6wi~ lworn, says that he/she ~s
and an action, anti or proceeding con-
gsting anch validity is commenced FHE SUFFOLK TIMES, a
with~. ~ty days ~¢r t~ date of )ublished at Mattltuck, in
such publication, or
(c) s~ obli~fions ~ ~bo- ,ld, County of Suffolk anti
~ in ~ioin~on of the p,~,i~o~ ad that the Notice of which
of the constitution.
Sccfion7. Thjsbondreanintionshall ~ted copy, has been regu-
take ¢ffeot immediately, and the Town _~_~
Clerk sberebyanthotiz~danddirectnd ,kilU Newspaper once each
'to p~blish t~ foregoing ~solmion, in weeks_ ...successively,
f~ll, together with a Noticed at~.hnd in
subs~ntialiy ~ form pr~d by the_' . ~.~l day
s~ion SL00 of the ,-w in "T~ 19/~ .
SUFFOLK TIMES," a new~paper pub- _
lished in Msttituck, New York, hevin~ a
feneral circulntion in the Town and
bereby de~ifeatnd thc officiul news-
papa~ of said Town for such publica-
tion.
1289-1TJ29
Sworn to b~or? me LhAs
day of ~4~
Principal Clerk
EXTRACT OF MINUTES
Meeting of the Town Board of the
Town of Southold, in the
County of Suffolk, New York
January 20, 1998
A regular meeting of the Town Board of the Town of
$outhold, in the County of Suffolk, New York, was held at the
Town Hall, Southold, New York, on January 20, 1998 at 4:30
o'clock P.M. (Prevailing Time).
There were present:
Board Members:
Hon. Jean W. Cochran, Supervisor;
and
Councilwoman Alice J. Hussie
Justice Louisa P. Evans
Councilman William D. Moore
Councilman John M. Romanelli
Councilman Brian G. Murphy
There were absent:
Also present:
Councilman Romanelli
resolution and moved its adoption:
Elizabeth A. Neville, Town Clerk
Laury L. Dowd, Town Attorney
offered the following
195712.1 019355 RES
BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK,
ADOPTED JANUARY 20, 1998, AUTHORIZING THE PURCHASE
OF A GARBAGE TRUCK FOR USE BY THE DEPARTMENT OF
PUBLIC WORKS; STATING THE ESTIMATED MAXIMUM COST
THEREOF IS $90,000; APPROPRIATING SAID AMOUNT
THEREFOR, AUTHORIZING THE AMOUNT OF AT LEAST
$2,000 EXPECTED TO BE RECEIVED AS THE TRADE-IN
ALLOWANCE ON THE GARBAGE TRUCK NOW OWNED BY THE
TOWN TO BE APPLIED TOWARDS THE COST OF SUCH NEW
GARBAGE TRUCK AND AUTHORIZING THE ISSUANCE OF NOT
TO EXCEED $88,000 SERIAL BONDS OF SAID TOWN TO
FINANCE THE BALANCE OF SAID APPROPRIATION.
THE TOWN BOARD OF THE TOWN OF SOUTHOLD, IN THE COUNTY
OF SUFFOLK, NEW YORK, HEREBY RESOLVES (by the favorable vote of
not less than two-thirds of all the members of said Town Board)
AS FOLLOWS:
Section 1. The Town of Southold, in the County of
Suffolk, New York (herein called "Town"), is hereby authorized to
purchase a garbage truck for use by the Department of Public
Works. The estimated maximum cost thereof, including preliminary
costs and costs incidental thereto and to the financing thereof,
is $90,000 and the said amount is hereby appropriated therefor.
The amount of at least $2,000 is expected to be received as the
trade-in allowance for the garbage truck now owned by the Town
and used by said Department of Public Works and any such amount
195712.1 019355 RES
is hereby authorized to be applied towards the cost of said new
garbage truck. The plan of financing includes the application of
such monies to be received as the trade-in allowance on a garbage
truck currently owned by the Town to pay a portion of the cost
thereof, the issuance of not to exceed $88,000 serial bonds of
the Town to finance the balance of 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 not to exceed $88,000 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 the balance of said
appropriation after applying the amount of such trade-in
allowance.
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 said serial bonds
authorized pursuant to this resolution are to be issued, within
the limitations of Section 11.00 a. 29. of the Law, is 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
195712.1 019355 RES
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 (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 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
195712.1 019355 RES
bonds with substantially level or declining annual debt service,
Section 30.00 relative to the authorization of the issuance of
bond anticipation notes and of Section 50.00 and Sections 56.00
to 60.00 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 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, 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 the foregoing resolution, in full, together with a
Notice attached in substantially the form prescribed by Section
195712.1 019355 RES
81.00 of the Law in
Mattituck, New York,
hereby designated the official newspaper of said Town
publication.
"THE SUFFOLK TIMES," a newspaper published in
having a general circulation in the Town and
for such
195712.1 019355 RES
The adoption of the foregoing resolution was seconded
by CntlncJlwnman Hu~si~ and duly put to a vote on roll
call, which resulted as follows:
AYES: Councilman Murphy, Councilman RomanellJ, Councilman
Moore, Justice Evans, Councilwoman Hussie,
Supervisor Cochran
NOES: None
The resolution was declared adopted.
195712.1 019355 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 January 20, 1998, 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 20th day of
January, 1998.
(SEAL)
Town ~lerk
195712.! 019355 RES