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Home My WebLink AboutTB-06/07/1967-S388 SPECIAL MEETING OF JUNE 7, 1967 WE, the undersigned; being members of the Town Board of the Town of South- old, Suffolk County, New York, do hereby severally waive notice Qf~the~ time, place and~purpo~e of the meeting Of the Town Board to be held at 16 South Street, Greenport, New Yorki in the Town-of Southold, on Wednes- day, June 7, 1967, and do hereby consen~ that the same be held~on said date for the transaction of any business which may properly come before said meeting. Dated: June 7; 1967 Southotd,~-New. York SEAL Lester M. Albertson, Super~i~orL_~ ~ Howard C. 'Va~entine,~Councilman ~Louis M~ Demarest, Councilman Ralph W. Tuthilt, Justice of Peace Henry A. Clark,~Justice of Peace ~E. Perry Edwards,'~Nst~ce of'Peace Albert W. Richmond, Town CteKk A specia~meeting of the'Southold Town Board was-he~d at the off~qe of the Supervzsor, Lester M. Albertson, 16 South Street, Greenport, N.Y~-~on June 7, 1967, the members of the Board having waived notice of the time, place and purpose of the meeting.?Themeeting was called to order by Supervzsor Lester~M. Albertsen'at 9:00 A~M.' Moved by Councilman Demarest; seconded~by Justice Clark; WHEREAS, Southold Legion G.T.G. post $803, Southold~ N.Y. applied to the Town Clerk for a Bingo License, and WHEREAS, the Town Board has examined the application and after investig~ ation duly,~made findings a~d determinations as required by ~aw NOW, THEREFORE, BE IT RESOLVED: That the Supervisor be and he hereby is authorized and'directed'to execute' on behalf of the Town Board th~ findings and determinations as required~by~law, and it~is, further RESOLVED: That the Town Clerk be and he hereby is directed to isSue a Bingo License to the Southotd ~merican Legion G.T.G.-Post $803}i$outhqld, New Yo~k. - -~ .... . · Vote of~.Town Boar.d:~Ayes-Supervisor ~Albertson; ~Councitmen Demarest ~nd Valentine.; Justices Tuthil~ and Clark. Moved by Justice Clark; seconded by Justice~Tuthill; RESOLVED: That the Southotd Town'Board approves the action of the Fishers Island Ferry District in the leasing~of the Airport at Fishers Island, N.Y. to the Fishers Island Airways, a division of Montauk Caribbean Airways, INC. under the following terms: The terms of said agreement provide that said airport will be' operated by the said .Fishers Island-Airways for a term of five (5) years commencing on June 1, 1967, and that the said Fishers Island Airways will pay ~o the Fishers Island Ferry District the annual sum of $1,000.00~for the~first year; $1,200.00 for the~second ~ear; $1,400.00 for the third year~ $!,600.00 for the fourth year; and. S1,800.00 for the fifthwyear; said agreement further provides that the same may be terminated by either party qpon six months notice to the other; that the said Fishers Island Airways~shall maintain said airport; shall.provide an attendant during the months of June to September in the first, year; shall base an aircraft and pilot at said airport after the first year; shall be authorized to provide flight inStruction, aircraft maintenance and repair., and air taxi.service both scheduled and.non-scheduled; shall provide emergency transportation to sick and/or injured persons at no cost; and shall be authorized'ta~col.lect landing fees and parking fees. Vote of Town Board: Ayes-Supervisor Albertson; Councilmen Qemarest an~ Valentine; Justices Tuthilt and Clark. Moved by~ Councilman Demarest; seconded by Justice Tuthill; RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED JUNE 7, 1967, AUTHORIZING THE REDEMPTION, IN PART, OF A $63,000 BOND ANTICIPATION NOTE FOR LAND ACQUISITION-1966 TO THE EXTENT OF $12~0OO~ANDAPPROPRIATING SAID AMOUNT THERE~OR. RECITAL WHEREAS, the Town of Southold, (herein called "TOWN"), in the County of Suffolk New York, has heretofore duly authorized, sold and issued its $63,000 Bond Anticipation Note for Land ~cquisition-1966, and it is now desirable to redeem said Note to the extent of $12,000 from a source other than the proceeds of the bonds in anticipation of which said Note base, been issued; NOW~ THEREFORE~ BE IT RESOLVED BY THE TOWN BOARD OF THE TOWN OF SOUTHOLD IN THE COUNTY OF SUFFOLK, NEW YORK, AS FOLLOWS: Section 1~ The $63,000 Bond Anticipation Note For Land Acquis- ition-~9661.of the Town, hereinabove referred to in the Recital of'~this resolution, is hereby authorized to be redeemed on or before June 7, 1967 to the extent of $12,000 from funds of the Town now available to said pur_pose, said funds being a source other than the proceeds of.the bond in. anticipation of which said Note was issued, and the.said amount of $12,000;isi hereby appropriated therefor. "~.Section 2. This resolution shall take effect immediately. -'S~ction 1. The $63,000 Bond Anticipation Note Eor Land Acquis- ition-1966 of the Town, dated June 7, 1966, maturing June 7, 1967, sub- ject to prior redemption, numbered 1, heretofore duly authorized, sold and issued pursuant to the bond anticipation note resolution duly adopted by the Town Board of said Town on June 7, 1966 a~d the Certificate .of Determination executed by the Supervisor on June 7, 1966, is hereby authorized to be renewed, in part, by the issuance of a new Note in the principal amount of $51,000, said Note dated June 7, I966, having been heretOfore duly authorized to ~e redeemed from a source other than the proceeds of the bonds in anticipation of which said Note has been iSsued, to the extent of $12,000, all as hereinabo~e referred to in the Recital hereof, 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"). The maturity of said renewal Note herein authorized shall not be later than one year.from its date, and said Note may be further renewed pursuant to the provisions of the Law. Section 2. The terms, form and details of said renewal Note shall be as follows: Amount and Title: $51,000 Bond Anticipation Note For Land Acquisition-1967 Dated: June 7, 1967 Matures: June 7, 1968, subject to prior redemption No. R-1 Denomination: $51,000 Interest Rate: 2-3/4% per annum, payable at maturity Place of payment of principal and interest: Supervisor's Office, Greenport, New York. Form of Note: Substantially in accordance with form prescribed by Schedule B., 2 of the Local Finance Law of the State of New York Vote of Town Board: Ayes-Supervisor Albertson; Councilmen Demarest and Valentine; Just~es Tuthill and Clark. Moved by Councilman Demarest; seconded by Justice Tu%hill; B~NDANTICIPATION NOTE RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED JUNE 7, 1967, AUTHORIZING THE RE- NEWAL, IN PART, OF THE $63,000 BOND ANTICIPATION NOTE FOR LA~/D ACQUISITION-1966, BY THE ISSUANCE OF A NEW NOTE IN THE PRINCIPAL AMOUNT OF $51,000. RECITAL W}tEREAS, the Town of Southold (herein called "Town"), in the County of Suffolk, New.York, has heretofore duly authorized, -sold and issued its $63,000 Bond Anticipation Note For Land Acquisition-1966 and has duly authorized the redemption of the Note to the extent of $12,000 and it is now necessary and desirable to provide for the renewal, in part, of said Note by issuance of a new Note in the principal amount of $51,000; NOW~ THEREFORE, BE IT RESOLVED BY THE TOWN BOARD OF THE TOWN OF SOUTHOLD, IN THE COUNTY OF SUFFOLK, NEW YORK, AS FOLLOWS: Section 3. Said Note is hereby sold to the SECURITY NATIONAL BAA/K OF LONG ISLZ~ND, Riverhead, New York, at the price of $51,000, to bear interest at the rate of two and three-quarters per centum (2-3/4%) per annum payable at maturity, and the Supervisor is hereby authorized 'to deliver said Note to said purchaser upon receipt of the purchase price, 390 plus accrued interest, if any, from the date of said N0te to the ~date of delivery. ~ _ ~ Section 4. Said Note shall contain the recital of' Validity prescribed by Section.52.00 of the Law 'and shall be a general obligation of the Town, payable as to both principal and .interest by a 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 Note and provisicns shall be made in the budget of the Town by appropriation for the redemption of the Note to mature in such year and for the payment of interest to be due in such year. Section 5. Said Note shall be executed in the name of the Town by the Supervisor and the corporate seal of said T0wn~shall be affixed thsreto and a~ested by its Town Clerk. Section 6. This resolution shall take effect immediately. vote of Town Board: Ayes-Supervisor ~lbertson; Councilmen Demarest and Valentine; Justices Tuthill and Clark. Adjournment. Albert W. Richmond Town Clerk