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HomeMy WebLinkAboutWaterways access - 1999 r "~1r6 "iwvaV6~':~~a LEGALS... (CIlIilInued from previous page) 8-]- '.~' ',' ,..,.,....n.suit or p n>ceeding " '. such validity, is com. '. within twenty days after the datie ohuch publication, or (c) suci! obligations are au- "Y:l3.,-'.. S30I.LON 'Y~3' \\ thorized in violation of the provi- sions of the constitution. Section 7. A proposition for the approval or disapproval of this bond resolution shall be submitted to the qualified voters of the Town at the Biennial Town Election to be held on November 2,1999, and this bond res- olution shall take effect _upon the r _...M. 9.11~ STATE OF NEW YORK) )SS: COUNTY OF SUFfOLK) '- T 1.. Qf\ F. cu I \ ( \ () of Mattituck, in said county, being duly sworn, says that he/she is ~. . , " "-..- SUFFOLK TIMES approval of the Proposition by said , a voters of the Town at that Election. shed at Mattituck, in 1'!63-1~~1_ __ _______, ..;ounty of Suffolk and State of New York, and that the Notice of which the annexed is a printed copy, has been regu- arly published in said Newspaper once each reek for \ weeks successively, eumme~cing on the 1 \ .J,~ day of bJOV, wgq-. \0. Sworn to day of / Principal Clerk J N P. BRISOTII rmiEAffli.~UBW. frM'TE OF NEW YORK 11 (/ IN K COUNTY XPIRES MAY 31 ;:;;oat> r -~. ' lution pUb!lobed herewith adopted 00' 23rd day of AugUl'; 1999, aDd a Proposition therefor baa bft:n approved by . majority of the i!uati/ied _en of the Town votm, thereon at the Biennial Ejection held on November 2, 1999. The validity cjf the obligations autho- rized by such resolution may be here- after contested only if such obliga- tions were authorized for an object or purpose for which the TOWN OF SOUTHOLD, in the County of Suffolk, New York, is not authorized to expend money or jf the provisions , of law which should have been com- plied with as of the date of publica- tion of this notice were not substan_ tially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of publication of tills ~. or such obligations were authorizecf inYio1ation of ~ pro~ visions of the constitution.- . EUZABEni A, NEV1l.LE Town Clerk BOND RESOLUTION OF THE TOWN OF SOUlHOLD. NEW YORK. ADOPTED AUGUST 23. 1999. AUTHORIZING THE IMPROVEMENT AND PRESERVATION OF TOWN WATERWAYS, INCLUDING, BUT NOT LIMITED TO, PRESERVATION OF TIDAL WETLANDS, SALT MARSHES, CREEKS, BAYS, LONG ISLAND SOUND, ESTUARIES AND FRESH WATER WET. LANDS, PROVIDING OF PUB- LIC ACCESS TO SUCH WATERWAYS, DRAINAGE AND RUN-OFF, ALL IN THE INTEREST OF IMPROVING WATER QUALITY AND WATERWAYS; PROVIDED, HOWEVER. THAT NO SUCH IMPROVEMENT, PRESER_ VATION OR PROVIDING OF ACCESS, DRAINAGE OR RUN-OFF SHALL BE COM- MENCED UNTIL ALL RELE- VANT PROVISIONS OF THE STATE ENVIRONMENTAL QUALITY REVIEW ACT HAVE BEEN COMPLIED WITH AND A FINAL DECLA. 'RATION AS TO ENVIRON_ MENTAL IMPACT HAS BEEN DULY MADE, STATING lHE ESTIMATED MAXIMUM COST THEREOF IS $250.000. APPROPRlA1'ING SAID AMOUNT THEREFOR, AUTHORIZING THE IS- SUANCE OF $250.000 SERIAL BONDS OF SAID TOWN TO FlNANCE'SAID APPROPRIA. TIONAND DETERMINING mAT lHIS BOND RESOLU. TION SHALL BE SUBJECT TO A MANDATORY REFEREN. DU~, THE TOWN BOARD OF lHE TOWN OF SOUlHOLD. IN THE COUNTY OF SUFFOLK. NEW YORK. HEREaY RESOLVES (by the favorable Vole of not less than three~fifths of all the members of said Town Board) AS FOLLOWS: Section 1. The Town is hereby authoriied to improve and preserve Town waterways, including, but not limited to~ preservation of tidal wet. lands, salt manhes, creeks, bays. Long Island Sound, estuaries aDd fresh Water wetlands and to provide public < access. to waterways. drainage and J'Un..Off, aD in the interest of improv- ing water quality and waterways; pro- vided, however. that no such im- provement. preservation or" pro- viding such access, drainage. or run- off sbaII be SO commenced until all relevant provisions. of the State EnvironmenraJ Quality Review Act (herein called .SEQRA"). consti'ut. ing Article 8 of the New York Environmental Conservation Law, with respect thereto have been com- plied with and a final declaration as to environmental impact has been duly made by the entity duly autho- rized to make Buell determination 8Dd declaration. The estimated maxi. mum'COIt of said class of objects or JIlUpDoeo, lacIudiag preliminary costs and coollj Incidental there,o and the financing lhereo~ is $250.000, and said amount is hereby appropriated kefor. The plan of financing ~ the issuance of $250,000 ser- lit bends of the Town to finance said appropriation and the levy and . collection of taxes on aU the taxable real property in the Town to pay the principal of said bonds and the inler. est thereon as the same shall become due and payable. Secrion 2. Serial bonds of the Town in the principal amOUDl of S250,(X)() are hereby authorized to be issued pursuant to the provisions of t!te Local 'Finance Law, constituting Chapter 33-a of the Co~Jidated Laws of the State of New York (here- in called "Law"), to finance said appropriation. . Section 3..The following additional matters are hereby determined, stat- ed and declared: (a) The period of probable use- ~ of said object or purpose, as des ,~'t:LSl.~Jor which the serial 'h<lnds authorizeO'~~ this resolUtic:JwMeto,be issued. withiiill\c Iimiltolions of SettioaU.oo(a) 3, of the Law. is lIIi"l' (30) yeali', (b) The Proceeds of the bonds herein authorized and any bond anticipation notes issued in antici- pation of said bonds m~y be applied to reimburse the Town' for expendi. tures made after the effective date of this resolution for the purpose or purposes for which said bonds are authorized. The foregoing statement of intent with respect to reimburse_ ment is made in conformity with Treasury Regulation Section 1.150.2 of the United States Treasury . Department. (c) The proposed maturity of said $250.000 serial bonds will exceed five (5) years. Section 4. Each of the bonds au. thorized by this resolution and any bond anticipation notes issued in anticipation of the sale of said bonds as well as any bond purchase obliga_ tion shall contain the recital of valid- ity as prescribed by Section 52.00 of the Law and said bonds and any notes issued in anticipation of said bonds, shall be general obJigations of the Town, payable as. to both princi. pal and interest by general tax upon all the taxable real property within the Town without limitation of rate or amount,1he faith and credit of the Town are hereby irrevocably pledged to the punctual payment of the prin- cipal of and interest on said bonds and any notes issued in anticipation of the sale of said bonds and provi- sion shall be made annually in the budget of the Town by appropriation for (a) the amortization and redemp- tion of the bonds aad any not~s in anticipation thereof to mature in such year and (h) 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 issuanc::e of bonds with SUbstan_ riaIIy level or deciiniag annual deb, service and of Section 30.00 relative to the authorizatioa of the issuance of bond anticipation notes and of Section SO.OO and Sections 56.00 to 60.00 01 the Law, the powers and duties of the Town Board relative to authorizing bond anticipation notes and prescribing thl;. terms, form and eontents and" as to the sale and issuance of the bonds herein autho- rized and of any bond anticipation DOtes issued in anticipation of said bonds, and the renewals of said bond anticipation Dotes, are hereby dele. gated to the Supervisor. the chief fis- cal officer of the Town. Section 6, The validi'y of the bonds authorized by this resolution and of any DOtes issued in anticipation of the sale of said bonds, may be COn. tested only if: (a) such obligations are au- thorized for an' object or purpose for which the TOWUis not autho- rized to expend money. or (h) the provisions of law which ahoIdd be complied with at the dale of the pUhlication of such res- olution are not substantially com. See LEGALS, next page I\.TE OF NEW YORK) )SS: 'UNIT OF SUFfOLI}) f ~ Q.f\ F LU" I ( \ IS of Mattituck. In said ,mty being duly sworn. says that he/she is , " " ^ _n,_ SUFFOLK TIMES. a .prova! of the Proposition by, saId shed at Mattituck. In \ten of the Town at that Election, . ufli lk d ~.ITNl1 -'::ounty of Soan ate OiNe~Yo~k:~d' that the Notice ofwWch e annexed is a printed copy. has been regu- 'ly published In said Newspaper once , each k,. \ weeks successIvely. ~e lor ~ \.J,~ day mmeflcing on the ----..hJ 0 II . 19 ..9 ' worn t()~ ayof . 11/11199 THU 16:21 FAX 5168524574 . SCBOE I4J 003 ", . 3:21:56 PM Suffolk County Board ofEleetions November 11, 1999 Final Results For General Election held on Tuesday, November 2, 1999 SOld - (Waterways)PROPOSAL SEVEN, A PROPOSITION @ @ Answer Votes Share Yes 4,740 70.59% No 1,975 29.41% Voids 1 Blanks 1,917 Whole Number 8,633 19 Out of 19 Election Districts have called in ~ 100.00% Reporting 6,715 Out of 15,026 Eligible have pulled the Lever ~ 44.69% Turnout Page 1 11/11/99 THU 16:21 FAX 5168524574 SCBOE I4i 004 . . . . . Therefore, we do hereby certify that the above canvass and recanvass for the General Election, held on the 2n' day of November, 1999 is a true and complete copy of the original on file in the office of the Suffolk County Board of Elections. IN WITNESS WHEREOF, We have hereunto set our hands and affixed the seal of the Board of ElectioDs of Suffolk County on November 11, 1999 at Yaphank, New York Sincerely, , . -~~-"''''''. .-~.-:.... ~ it '~ ._' ~~ -:. \ '-' t~~~ ~.;:.'. .:'cS>" ....~"1<', ,,~ -. \ I3A-I-.... /! 4~ / V , .... $~;~=-1-:;'Ol.~i( ~.),:;. .' BarbaraP, Barci Commissioner ~: 0.'0, "";7'_ . ....:;,-.. <-' CCU~~-~"Y ; ~r--, :.i-J_ Y_ :< ..--6 .~.- -~..... -..-..........:. c~ ('IF t~\-~;",~ fi~I..1A ~~ Gerald Edelstein Commissioner BPB/GE/clrg 2 . NOTICE . The resolution published herewith has been adopted on 23~ day of August, 1999, and a Proposition therefor has been approved by a maJority of the qualified voters of the Town voting thereon at the Biennial Election held on November 2, 1999. The validity of the obligations authorized by such resolutlon may be hereafter contested only if such obligations were authorized for an object or purpose for which the TOWN OF SOUTHOLD, in the County of Suffolk, New York, is not authorized to expend money or if the provisions of law which should have been complied with as of the date of publication of this notice were not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of publication of this notice, or such obligations were authorized in violation of the provisions of the constitution. ELIZABETH A. NEVILLE Town Clerk 326702_1 021321 RES Waterways 1 of 6 . . BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED AUGUST 23, 1999, AUTHORIZING THE IMPROVEMENT AND PRESERVATION OF TOWN WATERWAYS, INCLUDING, BUT NOT LIMITED TO, PRESERVATION OF TIDAL WETLANDS, SALT MARSHES, CREEKS, BAYS, LONG ISLAND SOUND, ESTUARIES AND FRESH WATER WETLANDS, PROVIDING OF PUBLIC ACCESS TO SUCH WATERWAYS, DRAINAGE AND RUN-OFF, ALL IN THE INTEREST OF IMPROVING WATER QUALITY AND WATERWAYS; PROVIDED, HOWEVER, THAT NO SUCH IMPROVEMENT, PRESERVATION OR PROVIDING OF ACCESS, DRAINAGE OR RUN-OFF SHALL BE COMMENCED UNTIL ALL RELEVANT PROVISIONS OF THE STATE ENVIRNOMENTAL QUALITY REVIEW ACT HAVE BEEN COMPLIED WITH AND A FINAL DECLARATION AS TO ENVIRONMENTAL IMPACT HAS BEEN DULY MADE, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $250,000, APPROPRIATING SAID AMOUNT THEREFOR, AUTHORIZING THE ISSUANCE OF $250,000 SERIAL BONDS OF SAID TOWN TO FINANCE SAID APPROPRIATION AND DETERMINING THAT THIS BOND RESOLUTION SHALL BE SUBJECT TO A MANDATORY REFERENDUM. 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 three-fifths of all the members of said Town Board) AS FOLLOWS: Waterways 2 of 6 :l2h702.1 02112l RES . . Section 1. The Town is hereby authorized to improve and preserve Town waterways, including, but not limited to, preservation of tidal wetlands, salt marshes, creeks, bays, Long Island Sound, estuaries and fresh water wetlands and to provide public access to waterways, drainage and run-off, all in the interest of improving water quality and waterways; provided, however, that no such improvement, preservation or providing such access, drainage or run-off shall be so commenced until al~ relevant provisions of the State Environmental Quality Review Act (herein called "SEQRA"), constituting Article 8 of the New York Environmental Conservation Law, with respect thereto have been complied with and a final declaration as to environmental impact has been duly made by the entity duly authorized to make such determination and declaration. The estimated maximum cost of said class of objects or purposes, including preliminary costs and costs incidental thereto and the financing thereof, is $250,000, and said amount is hereby appropriated therefor. The plan of financing includes the issuance of $250,000 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 $250,000 are hereby authorized to be issued pursuant to the provisions of the Local Finance Law, constituting Chapter 33- Waterways 3 of 6 32fi7021 021:\21 RES . . 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, stated and declared: (a) The period of probable usefulness of said object or purpose, as described herein, for which the serial bonds authorized pursuant to this resolution are to be issued, within the limitations of Section 11.00 (a) 3. of the Law, is thirty (30) 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 or purposes 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 said $250,000 serial bonds 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 as well as any bond purchase obligation 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 326702.1 02112] RES Waterways 4 of 6 . . 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 (bl the payment of lnterest to be due and payable ln 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 and of 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 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: Waterways 5 of 6 12()7021 021121 RES . . (a) such obligations are authorized for an object or purpose for which the Town is not authorized to expend money, or Ib) 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, 1S commenced w.i.th1n twenty days after the date of S1..:C::j p"c:l.icat1on, or "'__' :~',lCr: ,-,' ,;,;; "n'-s r01rc 3cth-,lr- ~) t j t L t Section 7. A proposition for the approvaJ c~ disapproval of this bond resolution shall be subm1lted to the qualified voters of the Town at the B1enn1al TOWG E ec::on to be held on November 2, 1999, and this bond resolution shall take effect upon the approval of the proposition by said vcrers of the Town at that Elect1on. * * * ~~E~~~~~~'1!~~N ON NOVEMBER 11, 1999 AND FORWARD TWO (2) AFFIDAVITS PO B TO ELIZABETH A. NEVILLE, TOWN CLERK TOWN HALL OX 1179, SOUTHOLD, NY 11971. " Copies to the following: The Suffolk Times Town Board Members Superintendent of Highays Town Attorney Town Clerk's Bulletin Board Waterways 6 of 6 ~aMm. . NOV 8 1999 /lI'fl /. IJ)f /lI'// SouthoId Town CIerIc~J ::zJeIa/dd &:, F/ ood 6'7'YFaII./kd,Jf':u,?!/~ f(}(}(}5 dua .code ~IJ!) <Y20.9S00 ~ ~/2) .5P1-<Y//25 Fua.',> !flmd !fld JYa>nk (212) 820-9416 November 5, 1999 Town of Southold, New York $250,000 Serial Bonds for Improvements to Waterways (Our File Desionation: 2615/21597) Ms. Elizabeth A. Neville Town Clerk Town of Southold Town Hall 53095 Main Road Southold, New York 11971 Dear Ms. Neville:: I have been pleased to learn that the Proposition for approval or disapproval of the bond resolution authorizing the above bonds was approved by the voters at the Biennial Election held on November 2nd. Such bond resolution should now be published, in full, in the "THE SUFFOLK TIMES," the official newspaper for such publication, together with a statutory form of notice, thereby commencing a 20-day statute of limitations pursuant to the provisions of Section 80.00 et ~. of the Local Finance Law. With reference thereto, I send you at this time a copy of the bond resolution with the prescribed form of Clerk's notice attached in readiness for such publication. Please send me an original Affidavit of Publication when available. Thanking you and with kind regards, I remain . 'f . Fernandez, Jr. GF,Jr./bc Enclosures 326702.1 021597 lUES ~ 12:29:48 AM Suffolk County Board of Elections Unofficial Results Breakdown For General Elecllon held on Tuesday, November 2, 1999 November 3, 1999 SOld - (Waterways)PROPOSAL SEVEN, A PROPOSITION .. 19 Out 01 19 Election Dislricls have called in + 100.00% Reporting -- 6,598 Out of 15,026 eligible have pulled the lever + .43.91% Turnout ~ , ~ J n ED Eliglbla Renorted Vote... No v.. EDit: 1 Yes W 1~ 26 EDit: 2 Ye 671 8C 259 EDit: 3 Ye 58 7! 186 EDIt: 4 Yes 51" 4! 15 EDIt: 5 Yes 4nl 61 91 EDit: 6 Ye, n 61 15C EDIt: 7 Ye, n 9 20 EDit: 8 Ye, 981 14: 331 EDIt: 9 Ye' 1,32 20 46C EDII: 10 Yes 65! 81 209 EOII: 11 Yes 7R:lI 10 241 EDII: 12 Yes 97i 11 30 ED': 13 Yes 1231 1~ 30! ED': 14 Yes 69 89 25~ ED': 15 Yes 98 121 30C ED': 16 Yes 61 96 201 ED/!: 17 Yes B3i 119 ~ EOII: 18 Yes 1,06 141 EOII: 19 Yes 98 m 3531 Tota/fo 19/19 15,026 1,949 4,6491 Soufholo ReDorf Total 19/191 15,0261 1,9491 4,6411I 100.00%1 I 29.54~ 70.45%1 . .. ~ ,., .. " ,., " " -< ,., . ~ ... " ::> ::> ... '" '" ~ '" '" , ,., ::> , ... ... ..., Page B4-E- 1 ~ OF SOUTHOLD. NEW YO" NOTICE OF PROPOSITIONS TO BE SUBMITTED AT THE BIENNIAL TOWN ELECTION TO BE HELD ON NOVEMBER 2, 1999 NOTICE IS HEREBY GIVEN that at the Biennial Town Election of the Town of Southold ("Town"), in the County of Suffolk, New York, to be held on November 2, 1999, between the hours of 6:00 o'clock A.M. (Prevailing Time) and 9:00 o'clock P.M (Prevailing Time), the following Propositions will be submitted to the qualified voters of the Town for their approval or disapproval, to wit: PROPOSITION No.1 SHALL THE BOND RESOLUTION ENTITLED: "Bond Resolution of the Town of Southold, New York, adopted August 23, 1999, authorizing the acquisition of interests or rights in real property, including, but not limited to, developmental rights in open agricultural lands, within said Town, for the preservation of open spaces and areas and to maintain and enhance the conservation of natural resources, provided, however, that no such interest or rights in real property shall be acquired until all relevant provisions of the state environmental quality review act have been complied with and a final declaration as to environmental impact has been duly declared, stating the estimated maximum cost thereof is $2,000,000, appropriating said amount therefor, authorizing the issuance of $2,000,000 serial bonds of said Town to finance said appropriation, stating that land installment purchase obligations are authorized to be issued pursuant to this bond resolution and determining that this bond resolution shall be subject to a mandatory referendum," BE APPROVED? An abstract of said bond resolution, concisely stating the purpose and effect thereof, is as follows: FIRST: RECITING that pursuant to Section 247 of the New York General Municipal Law ("Section 247"), the Town of Southold ("Town"), is authorized to acquire interests or rights in real property for the preservation of open spaces and areas and maintaining and enhancing the conservation of natural or scenic resources, as defined therein, that such acquisition of interests or rights in real property throughout the Town must be found, determined and deemed to be necessary, in the public interest and a proper public purpose of the Town in accordance with the provisions of Section 247 and the Town desires to implement the land acquisition and financing program hereinafter set forth and to authorize the issuance of land installment purchase obligations for such purpose; 329793.1 020032 DOC SECOND: AU.RIZING the Town to impr. and preserve Town waterways, including, but not limited to, p servation of tidal wetlands, salt marshes, creeks, bays, Long Island Sound, estuaries and fresh water wetlands and to provide public access to waterways, drainage and run-off, all in the interest of improving water quality and waterways; provided, however, that no such right, including the fee or any lesser interest, development right, easement, covenant, or other contractual right in any piece or parcel of such lands shall be so acquired until all relevant provisions of the State Environmental Quality Review Act (nSEQRAn), have been complied with and a final declaration as to environmental impact has been duly declared by the entity duly authorized to make such determination and declaration; STATING the estimated maximum cost thereof is $2,000,000; APPROPRIATING $2,000,000 to pay said cost; and STATING the plan of financing includes the issuance of $2,000,000 serial bonds of the Town, and the levy and collection of taxes upon all the taxable real property within the Town to pay the principal of said bonds and interest thereon; THIRD: AUTHORIZING the issuance of $2,000,000 serial bonds of the Town pursuant to the Local Finance Law of the State of New York (nLawn) to finance said appropriation; FOURTH: DETERMINING and STATING the period of probable usefulness applicable to the class of objects or purposes for which said bonds are authorized to be issued is thirty (30) years; that all or a portion of such bonds or any bond anticipation notes may be issued in the form of a land installment purchase obligation or obligations pursuant to Section 29.10 of the Law; the proceeds of the bonds may be used to reimburse the Town for expenditures made after the effective date hereof for the purpose for which said bonds are authorized; and the proposed maturity of said serial bonds will exceed five (5) years; FIFTH: 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; SIXTH: 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 SEVENTH: DETERMINING that a Proposition for the approval or disapproval of this bond resolution shall be submitted to the qualified voters of the Town at the Biennial Town Election to be held on November 2, 1999 and that this bond resolution shall take effect upon such approval. Said Proposition shall appear in substantially the following form on the ballot label to be inserted on the voting machines to be used for voting at said Biennial Town Election: 329793.1 020032 DOC YES NO . . PROPOSITION NO.1 SHALL the Bond Resolution adopted August 23, 1999 authorizing issuance of $2,000,000 Bonds of the Town of Southold to finance an appropriation of like amount for acquisition of interests or rights in real property, including development rights in open agricultural lands to preserve open spaces and areas, subject to compliance with the State Environmental Quality Review Act, BE APPROVED? PROPOSITION No.2 SHALL THE BOND RESOLUTION ENTITLED: "Bond resolution of the Town of Southold, New York, adopted August 23, 1999, authorizing the improvement and preservation of town waterways, including, but not limited to, preservation of tidal wetlands, salt marshes, creeks, bays, Long Island Sound, estuaries and fresh water wetlands, providing of public access to such waterways, drainage and run- off, all in the interest of improving water quality and waterways; provided, however, that no such improvement, preservation or providing of access, drainage or run-off shall be commenced until all relevant provisions of the state envirnomental quality review act have been complied with and a final declaration as to environmental impact has been duly made, stating the estimated maximum cost thereof is $250,000, appropriating said amount therefor, authorizing the issuance of $250,000 serial bonds of said town to finance said appropriation, stating that land installment purchase obligations are authorized to be issued pursuant to this bond resolution and determining that this bond resolution shall be subject to a mandatory referendum," BE APPROVED? An abstract of said bond resolution, concisely stating the purpose and effect thereof, is as follows: FIRST: AUTHORIZING the Town to improve and preserve Town waterways, including, but not limited to, preservation of tidal wetlands, salt marshes, creeks, bays, Long Island Sound, estuaries and fresh water wetlands and to provide public access to waterways, drainage and run-off, all in the interest of improving water quality and waterways; provided, however, that no such right, including the fee or any lesser interest, development right, easement, covenant, or other contractual right in any piece or parcel of such lands shall be so acquired until all relevant provisions of the State Environmental 329793.1 020032 DOC Quality Review Act ("SEQ~have been complied with and a finaelaration as to environmental impact has been duly made by the entity duly authorized to make such determination and declaration; STATING the estimated maximum cost thereof is $250,000; APPROPRIATING $250,000 to pay said cost; and STATING the plan of financing includes the issuance of $250,000 serial bonds of the Town, and the levy and collection of taxes upon all the taxable real property within the Town to pay the principal of said bonds and interest thereon; SECOND: AUTHORIZING the issuance of $250,000 serial bonds of the Town pursuant to the Local Finance Law of the State of New York ("Law") to finance said appropriation; THIRD: DETERMINING and STATING the period of probable usefulness applicable to the object or purpose for which said bonds are authorized to be issued is thirty (30) years; that all or a portion of such bonds or any bond anticipation notes may be issued in the form of a land installment purchase obligation or obligations pursuant to Section 29.10 of the Law; the proceeds of the bonds may be used to reimburse the Town for expenditures made after the effective date hereof for the purpose for which said bonds are authorized; and the proposed maturity of said serial 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 329793.1 020032 DOC SIXTH: DET.INING that a proposition for the ap.1 or disapproval of this bond resolution shall be submitted to the qualified voters of the Town at the Biennial Town Election to be held on November 2, 1999 and that this bond resolution shall take effect upon approval of such proposition. Said Proposition shall appear in substantially the following form on the ballot label to be inserted on the voting machines to be used for voting at said Biennial Town Election: YES NO Prooosition No.2 SHALL the Bond Resolution adopted August 23, 1999 authorizing issuance of $250,000 Bonds of the Town of Southold to finance an appropriation of like amount for improvement and preservation of Town waterways, in the interest of improving water quality and waterways, subject to compliance with the State Environmental Quality Review Act, BE APPROVED? Such Biennial Town Election shall be conducted at the time and places and in accordance with procedures determined pursuant to applicable law and by the Suffolk County Board of Elections. Dated: October '-2-, 1999 Elizabeth A. Neville Southold Town Clerk 329793.1 020032 DOC r I TO_OF SOUJ1I()l.D, _YOU NOnCa OF PIlOPOIII11ON TO BE SUBMfJTED AT THE SPECIAL TOWN ELECTION TO BE HELD ON NOVEMBER 2, 1999 NOTICE IS HEREBY GIVEN that a Special Town Election of the town of Southold will be held at the same time as the General Election on November 2. 1999. between the hours of 6:00 o'clock A.M. (Prevailing Tune) and 9:00 o'clock P.M. (Prevailing Tune), and that the foUowing proposition will be SU~ mitted to tbe qualified voters of the Town of Soutbold for their approval or disapproval and will appear on See LegalS. next page LEGALS... (continued from previous page) the ballot in substantiaUy the followw ing form, to wit: PROPOSmON SHALL THE RESOLUTION ENTITLED: "Bond Resolution of the Town of Southold. New York, adopted August 23, 1999, authorizing the acquisition of interests of rights in real property. including, but not limited to, developmental rights in open agricultural lands, within said Town, for the preservation of open' spaces and areas and to maintain and enhance the con- servation of natural resources, provided, however, that no such interest or rights in real property shall be acquired until all relevant provisions of the state environ- mental quality review act have been complied with and a final declaration as to environmental impact has been duly declared, stating the estimated maximum cost thereof is $2,000.000.00, appropriating said amount there- fore, authorizing the issuance of $2,000,000.00 serial bonds of said town to finance said appropria- tion, stating that land installment purchase obligations are autho- rized to be issued pursuant to this bond resolution and determining that this bond resolution shall be subject to a mandatory referen- dum," be approved? NOTICE IS FURTHER GIVEN that the polling places in each of the respective election districts of the Town of Southold shall be the same polling places as shall be used for voting at the General Election held on tbat day. An abstract of said bond resolu- tion, concisely stating the purpose and effect thereof, is as follows: FIRST: RECITING that pur- suant to Section 247 of the New York General Municipal Law ("Section 247"), the Town of Southold ("'fown"), is authorized to acquire interests or rights in real property for -the preservation of open spaces and areas and main- taining and. enhancing the conser- vation of natural or scenic re- sources, as defined therein; that such acquisition of interests or rights in real. property throughout the Town must be found, determined and deemed ,to be necessary, in the public interest and a proper public purpose of the Town in accordance with the provisions of Section 247 and the Town desires to implement the land acquisition and financing program hereinafter set forth and tn authorize the issuance of land installment purchase obligations for such purpose; SECOND: AlITHORIZING the Town to acquire by purchase, gift. grant. bequest, devise. lease or oth- erwise.. the fee or any lesser interest. development right. easement, covenant or odier contractual right necessary to achieve the purposes of Section 247, in various parcels of real property. including. but not lim- ited to, development rights in open agricultural lands, actually used in bona fide agricultural production within the Town, for the preserva- STATE OF NEW YORK) )SS: EbUNTY OF SUF~ r0fstu)CL l . { of Mattituck, in said county, being duly sworn, says that he/she is Principal clerk of THE SUFFOLK TIMES, a weekly newspaper, published at Mattituck, in the Town of Southold, County of Suffolk and State of New York, and that the Notice of wWch the annexed is a printed copy, has been regu- 1........1..... _...1-1':_1.- __1 .: - - . ~ ..~ ;paper once each k~ cfuccessively, 51 day upon such approval; Dated: August 23, 1999 ELIZABETH A. NEVILLE SOlITHOLD TOWN CLERK 1821-11'52 tion o{open spaces and areas and to maintain and enhance the conserva- tion of natural or scenic resources. as may be authorized from time to time by the Town Board of the Town, after due notice and a public hearing, pursuant to the provisions of Section 247 and applicable provi. sions of the Town of Southold Code, including incidental costs incurred in relation thereto, such acquisition being hereby found. determined and deemed to be necessary and in the public interest and a proper public purpose of the Town in accordance with the findings and determina. ti~. set forth in Section 247; pro. vided,. however, that no such right, including the fee or any lesser inter; est, development right, easement, covenant, or other contractual right in any piece or parcel of such .lands shall be so acquired until all relevant provisions of the State Environmental Quality Review Act ("SEQRA"), have been complied with and a Cmal declaration as to environmental impact has been duly declared by the entity duly autho- rized to make such determination and declaration; STATING the esti- mated maximum cost thereof is $2,000,000; APPROPRIATING $2,000.000 to pay said cost; and STATING the plan of financing includes the issuance of $2,000,000 serial bonds of the Town, and the levy and collection of taxes upon aU the taxable real property within the Town to pay the principal of said bonds and interest thereon; THIRD: AUTHORIZING the issuance of $2.000.000 serial bonds of the Town pursuant to the. Local Finance Law of the State of New York ("-Law") to finance said ap- propriation; FOURTH: DETERMINING and STATING the period of proha- ble usefulness applicable to the class of objects or purposes for which said bonds are authorized to be issued is thirty (30) years; that all or a portion of such bonds or any bond anticipa- tion notes may be issued in the form of a land installment purchase oblig- ation or obligations pursua~t to Section 29.10 of the Law; the pro- ceeds of the bonds may be used to reimburse the Town for expendi- tures made after the effective date hereof. for the purpose for which said bonds are authorized; and the proposed maturity of said. serial bonds will exceed five (5) years; FIFfH: DETERMINING that said bonds and, any. bond anticipa- tion 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; SIXTH: 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 SEVENTH: DETERMINING that a Proposition for the approval or disapproval of this bond resolu- tion shall be submitted to the quali- fied voters of the Town at the Biennial Town Election to be held on November 2. 1999 and that this bond resolution shall take effect ~ Principal Clerk ?Li.- 19qq M,I,RY DIANA FOSTER NOmnV f'l i8i!e, SII,IE OF NEW YORK hi;) t::J..' -.. '~!. StFHJU( COUNTY '-', :. " !!:;,f) 3J, gill I n to before me this Ii '- C', ~ -r....f I 7)? h'L:' ..:f,1 IzA /'.~ - . . TOWN OF SOUTH OLD, NEW YORK NOTICE OF PROPOSITION TO BE SUBMITTED AT THE SPECIAL TOWN ELECTION TO BE HELD ON NOVEMBER 2, 1999 E\en"~\ NOTICE IS HEREBY GIVEN that a Sl3ecial Town Election of the Town of Southold will be held at the same time as the General Election on November 2, 1999, between the hours of 6:00 o'clock A.M. (Prevailing Time) and 9:00 o'clock P.M. (Prevailing Time), and that the following proposition will be submitted to the qualified voters of the Town of ! Southold for their approval or disapproval and will appear on the ballot in substantially the following form, to wit: SHALL THE PROPOSITION RESOLUTION ENTITLED: "Bond Resolution of the Town of Southold, New York, adopted August 23, 1999, authorizing the improvement and preservation of Town waterways, including, but not limited to, preservation of tidal wetlands, salt marshes, creeks, bays, Long Island Sound, estuaries and fresh water wetlands, providing of public access to such waterways, drainage, and run-off, all in the interest of improving water quality and waterways; provided, however, that no such improvement, preservation, or providing of access, drainage or run-off shall be commenced until all relevant provisions of the State Environmental Quality Review Act have been complied with and a final declaration as to environmental impact has been duly made, stating the estimated maximum cost thereof is $250,000.00 appropriating said amount thereof, authorizing the issuance of $250,000.00 serial bonds of said town to finance said appropriation, stating that land installment purchase obligations are authorized to be issued pursuant to this bond resolution and determining that this bond resolution shall be subject to a mandatory referendum," be approved? NOTICE IS FURTHER GIVEN that the polling places in each of the respective election districts of the Town of Southold shall be the same polling places as shall be used for voting at the General Election held on that day. An abstract of said bond resolution, concisely stating the purpose and effect thereof, is as follows: I, - II FIRST:~THORIZING the Town to imJltve and preserve Town waterways, including, but not limited to, preservation of tidal wetlands, salt marshes, creeks, bays, Long Island Sound, estuaries and fresh water wetlands and to provide public access to waterways, drainage and run-off, all in the interest of improving water quality and waterways; provided, however, that no such right, including the fee or any lesser interest, development right, easement, covenant, or other contractual right in any piece or parcel of such lands shall be so acquired until all relevant provisions of the State Environmental Quality Review Act ("SEQRA"), have been complied with and a final declaration as to environmental impact has been duly made by the entity duly authorized to make such determination and declaration; STATING the estimated maximum cost thereof is $250,000; APPROPRIATING $250,000 to pay said cost; and STATING the plan of financing includes the issuance of $250,000 serial bonds of the Town, and the levy and collection of taxes upon all the taxable real property within the Town to pay the principal of said bonds and interest thereon; SECOND: AUTHORIZING the issuance of $250,000 serial bonds of the Town pursuant to the Local Finance Law of the State of New York ("Law") to finance said appropriation; THIRD: DETERMINING and STATING the period of probable usefulness applicable to the object or purpose for which said bonds are authorized to be issued is thirty (30) years; that all or a portion of such bonds or any bond anticipation notes may be issued in the form of a land installment purchase obligation or obligations pursuant to Section 29.10 of the Law; the proceeds of the bonds may be used to reimburse the Town for expenditures made after the effective date hereof for the purpose for which said bonds are authorized; and the proposed maturity of said serial 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: DETERMINING that a proposition for the approval or disapproval of this bond resolution shall be submitted to the qualified voters of the Town at the Biennial Town Election to be held on November 2, 1999 and that this bond resolution shall take effect upon approval of such proposition. Said Proposition shall appear in substantially the following form on the ballot label to be inserted on the voting machines to be used for voting at said Biennial Town Election: Dated: August 23, 1999 ELIZABETH A. NEVILLE SOUTHOLD TOWN CLERK PLEASE PUBLISH ON SEPTEMBER 2, 1999, AND FORWARD TWO (2) AFFIDAVITS OF PUBLICATION TO ELIZABETH NEVILLE, TOWN CLERK, TOWN HALL, PO BOX 1179, SOUTHOLD, NY 11971. 1,1 Copies to the following: The Suffolk Times Town Board Members Town Attorney Town Clerk's Bulletin Board ----II 10 . . STATE OF NEW YORK ) ):55: COUNTY OF SUFFOLK ) ELIZABETH A. NEVILLE, being duly sworn, deposes and say: That she is and at all times hereinafter mentioned she was the duly elected, qualified and acting Town Clerk of the Town of Southold, in the County of Suffolk, State of New York; That on August 23, 1999, she has caused to be 'conspicuously posted and fastened up on the sign board of the Town maintained pursuant to Subdivision 6 of Section 30 of the Town Law, a copy of the Notice of the Biennial Town Election to be held on November 2, 1999 setting forth the Proposition to be submitted to the qualified voters of the Town at such Special Election together with an abstract of the bond resolution duly adopted by the Town Board on August 23, 1999 for the approval or disapproval of which such Proposition is to be submitted, a copy of which notice is annexed hereto and made a part hereof. ~OR' , /?a.l'~, Eliza th A. Neville Subscribed and sworn to before me this 23rd day of August 1999. ~"'IOHN .~y.. P1JB~""", No. 01 Ouallfllld In Suffolk Counlr Term Expires March 8, 20 AL . . EXTRACT OF MINUTES Meeting of the Town Board of the Town of Southold, in the County of Suffolk, New York August 23, 1999 * * * A special meeting of the Town Board of the Town of Southold, in the County of Suffolk, New York, was held at the Town Hall, Southold, New York, on August 23, 1999 at 9:00 o'clock A.M. (Prevailing Time) There were present: Hon. Jean W. Cochran, Supervisor; and Board Members: Councilwoman Alice J. Hussie Councilman William D. Moore councilman John M. Romanelli Councilman Brian G. Murphy There were absent: Justice Louisa P. Evans Also present: Elizabeth A. Neville, Town Clerk Gregory F. Yakaboski, Town Attorney * * * Councilman Murphv offered the following resolution and moved its adoption: 326702.1 001092 RES \ . . . BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED AUGUST 23, 1999, AUTHORIZING THE IMPROVEMENT AND PRESERVATION OF TOWN WATERWAYS, INCLUDING, BUT NOT LIMITED TO, PRESERVATION OF TIDAL WETLANDS, SALT MARSHES, CREEKS, BAYS, LONG ISLAND SOUND, ESTUARIES AND FRESH WATER WETLANDS, PROVIDING OF PUBLIC ACCESS TO SUCH WATERWAYS, DRAINAGE AND RUN-OFF, ALL IN THE INTEREST OF IMPROVING WATER QUALITY AND WATERWAYS; PROVIDED, HOWEVER, THAT NO SUCH IMPROVEMENT, PRESERVATION OR PROVIDING OF ACCESS, DRAINAGE OR RUN-OFF SHALL BE COMMENCED UNTIL ALL RELEVANT PROVISIONS OF THE STATE ENVIRNOMENTAL QUALITY REVIEW ACT HAVE BEEN COMPLIED WITH AND A FINAL DECLARATION AS TO ENVIRONMENTAL IMPACT HAS BEEN DULY MADE, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $250,000, APPROPRIATING SAID AMOUNT THEREFOR, AUTHORIZING THE ISSUANCE OF $250,000 SERIAL BONDS OF SAID TOWN TO FINANCE SAID APPROPRIATION AND DETERMINING THAT THIS BOND RESOLUTION SHALL BE SUBJECT TO A MANDATORY REFERENDUM. 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 three-fifths of all the members of said Town Board) AS FOLLOWS: 326702.1 001092 RES . . Section 1. The Town is hereby authorized to improve and preserve Town waterways, including, but not limited to, preservation of tidal wetlands, salt marshes, creeks, bays, Long Island Sound, estuaries and fresh water wetlands and to provide public access to waterways, drainage and run-off, all in the interest of improving water quality and waterways; provided, however, that no such improvement, preservation or providing such access, drainage or run-off shall be so commenced until all relevant provisions of the State Environmental Quality Review Act (herein called "SEQRA"), constituting Article 8 of the New York Environmental Conservation Law, with respect thereto have been complied with and a final declaration as to environmental impact has been duly made by the entity duly authorized to make such determination and declaration. The estimated maximum cost of said class of objects or purposes, including preliminary costs and costs incidental thereto and the financing thereof, is $250,000, and said amount is hereby appropriated therefor. The plan of financing includes the issuance of $250,000 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 $250,000 are hereby authorized to be issued pursuant to the provisions of the Local Finance Law, constituting Chapter 33- 326702.1 001092 RES . . . . 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, stated and declared: (a) The period of probable usefulness of said object or purpose, as described herein, for which the serial bonds authorized pursuant to this resolution are to be issued, within the limitations of Section 11.00 (a) 3. of the Law, is thirty (30) years. (bl 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 or purposes 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 said $250,000 serial bonds 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 as well as any bond purchase obligation 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 326702.1 001092 RES . . 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 and of 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 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: 326702.1 001092 RES , . . . (a) such obligations purpose for which the Town money, or are authorized for an object or is not authorized to expend (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. A proposition for the approval or disapproval of this bond resolution shall be submitted to the qualified voters of the Town at the Biennial Town Election to be held on November 2, 1999, and this bond resolution shall take effect upon the approval of the proposition by said voters of the Town at that Election. * * * 326702.1 001092 RES . . The adoption of the foregoing resolution was seconded by COlJnr.ilwoman Hussie and duly put to a vote on roll call, which resulted as follows: AYES: Councilman Brian G. Murphy Councilman John M. Romanelli Councilman William D. Moore Councilwoman Alice J. Hussie Supervisor Jean W. Cochran NOES: None The resolution was declared adopted. ******** Supervisor Cochran offered the following resolution and moved its adoption: THE TOWN BOARD OF THE TOWN OF SOUTHOLD, IN THE COUNTY OF SUFFOLK, NEW YORK, HEREBY RESOLVES AS FOLLOWS: Section 1. At the Biennial Town Election of the Town of Southold (herein called "Town"), in the County of Suffolk, New York, to be held on November 2, 1999, between the hours of 6:00 o'clock A.M. (Prevailing time) and 9:00 o'clock P.M. (Prevailing Time) or as much longer as may be necessary to enable the voters then present to cast their votes, Proposition No. ~, in substantially the following form, shall be submitted to the qualified voters of the Town and shall be included in the Notice of such Biennial Town Election: 326702.1 001092 RES . . PROPOSITION No.2 SHALL THE BOND RESOLUTION ENTITLED: "BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED AUGUST 23, 1999, AUTHORIZING THE IMPROVEMENT AND PRESERVATION OF TOWN WATERWAYS, INCLUDING, BUT NOT LIMITED TO, PRESERVATION OF TIDAL WETLANDS, SALT MARSHES, CREEKS, BAYS, LONG ISLAND SOUND, ESTUARIES AND FRESH WATER WETLANDS, PROVIDING OF PUBLIC ACCESS TO SUCH WATERWAYS, DRAINAGE AND RUN-OFF, ALL IN THE INTEREST OF IMPROVING WATER QUALITY AND WATERWAYS; PROVIDED, HOWEVER, THAT NO SUCH IMPROVEMENT, PRESERVATION OR PROVIDING OF ACCESS, DRAINAGE OR RUN-OFF SHALL BE COMMENCED UNTIL ALL RELEVANT PROVISIONS OF THE STATE ENVIRNOMENTAL QUALITY REVIEW ACT HAVE BEEN COMPLIED WITH AND A FINAL DECLARATION AS TO ENVIRONMENTAL IMPACT HAS BEEN DULY MADE, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $250,000, APPROPRIATING SAID AMOUNT THEREFOR, AUTHORIZING THE ISSUANCE OF $250,000 SERIAL BONDS OF SAID TOWN TO FINANCE SAID APPROPRIATION, STATING THAT LAND INSTALLMENT PURCHASE OBLIGATIONS ARE AUTHORIZED TO BE ISSUED PURSUANT TO THIS BOND RESOLUTION AND DETERMINING THAT THIS BOND RESOLUTION SHALL BE SUBJECT TO A MANDATORY REFERENDUM," BE APPROVED? An abstract of said bond resolution, concisely stating the purpose and effect thereof, is as follows: FIRST: AUTHORIZING the Town to improve and preserve Town waterways, including, but not limited to, preservation of tidal wetlands, salt marshes, creeks, bays, Long Island Sound, estuaries and fresh water wetlands and to provide public access to waterways, drainage and run-off, all in the interest of improving water quality and waterways; provided, however, that no such right, including the fee or any lesser interest, development right, easement, covenant, or other contractual right in any piece or parcel of such lands shall be so acquired until all relevant provisions of the State Environmental Quality Review Act ("SEQRA"), have been complied with and a final declaration as to environmental impact has been duly made by the entity duly authorized to make such determination and declaration; STATING the estimated maximum cost thereof is $250,000; APPROPRIATING $250,000 to pay said cost; and STATING the plan of financing includes the issuance of $250,000 serial bonds of the Town, and the levy and collection of taxes upon all the taxable real 326702.1 001092 RES j 12:29:48 AM Suffolk Counfy Board of Elections Unofficial Results Breakdown For General Elecllon held on Tuesday, November 2, 1999 November3,1999 " :'.' ,;',SOld - : (Waterways)PROPPS'AC:SEVEN, A PROPOSITION',,' , 6,598 Out of 15,026 eligible have pulled the lever -+ 43.91% Turnout 19 Out of 19 Election Dislricts have called In -+ 100.00% Reporting mmm!l " , Q ) n EO Eligible ReDol1ed Voters No Ve. EDit: 1 Yes 22 1 2 EDit: 2 Yes 671 Be 25[ EDit: 3 Yes 56 76 16E EDIt: 4 Yes 51 4ii 15 EDIt: 5 Yes 40E 61 91 ED#: 6 Ye 77 6 150 EDit: 7 Yes 77, 9' 20 ED#: 8 Yes 986 14 331 EDIt: 9 Yes 1,32 20:: 460 EOII: 10 Yes 65 86 209 EOII: 11 Yes 76 10 24< EOII: 12 Yes 97 11 30' EOII: 13 Yes 1231 14' 30E EOII: 14 Yes 69 B< 254 EOII: 15 Yes 96, 12 30e EOII: 16 Yes 61E 9f 201 EOI#: 17 Yes B3E 11' 256 EOII: 18 Yes l,06e 141 353 EOII: 19 Yes 984 13 350 Total 10 19/19 15,026 1,949 4,649 Soulhola ReDar! Total 19/19 15,026\ 1,949r 4,649] 100.00%1 I 29.54O/J 70.46%1 " Q " ." Q '" " -< Q ~ <: '-< " '" '" -< '" "' ~ '" '" , .., '" , -< -< Page 84-E- 1 ~, . . property within the Town to pay the principal of said bonds and interest thereon; SECOND: AUTHORIZING the issuance of $250,000 serial bonds of the Town pursuant to the Local Finance Law of the State of New York ("Law") to finance said appropriation; THIRD: DETERMINING and STATING the period of probable usefulness applicable to the object or purpose for which said bonds are authorized to be issued is thirty (30) years; that all or a portion of such bonds or any bond anticipation notes may be issued in the form of a land installment purchase obligation or obligations pursuant to Section 29.10 of the Law; the proceeds of the bonds may be used to reimburse the Town for expenditures made after the effective date hereof for the purpose for which said bonds are authorized; and the proposed maturity of said serial 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: DETERMINING that a proposition for the approval or disapproval of this bond resolution shall be submitted to the qualified voters of the Town at the Biennial Town Election to be held on November 2, 1999 and that this bond resolution shall take effect upon approval of such proposition. Said Proposition shall appear in substantially the following form on the ballot label to be inserted on the voting machines to be used for voting at said Biennial Town Election: 326702.1 001092 RES . . YES: NO: PROPOSITION No.2 SHALL THE BOND RESOLUTION ENTITLED: "BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED AUGUST 23, 1999, AUTHORIZING THE IMPROVEMENT AND PRESERVATION OF TOWN WATERWAYS, INCLUDING, BUT NOT LIMITED TO, PRESERVATION OF TIDAL WETLANDS, SALT MARSHES, CREEKS, BAYS, LONG ISLAND SOUND, ESTUARIES AND FRESH WATER WETLANDS, PROVIDING OF PUBLIC ACCESS TO SUCH WATERWAYS, DRAINAGE AND RUN-OFF, ALL IN THE INTEREST OF IMPROVING WATER QUALITY AND WATERWAYS; PROVIDED, HOWEVER, THAT NO SUCH IMPROVEMENT, PRESERVATION OR PROVIDING OF ACCESS, DRAINAGE OR RUN-OFF SHALL BE COMMENCED UNTIL ALL RELEVANT PROVISIONS OF THE STATE ENVIRNOMENTAL QUALITY REVIEW ACT HAVE BEEN COMPLIED WITH AND A FINAL DECLARATION AS TO ENVIRONMENTAL IMPACT HAS BEEN DULY MADE, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $250,000, APPROPRIATING SAID AMOUNT THEREFOR, AUTHORIZING THE ISSUANCE OF $250,000 SERIAL BONDS OF SAID TOWN TO FINANCE SAID APPROPRIATION, STATING THAT LAND INSTALLMENT PURCHASE OBLIGATIONS ARE AUTHORIZED TO BE ISSUED PURSUANT TO THIS BOND RESOLUTION AND DETERMINING THAT THIS BOND RESOLUTION SHALL BE SUBJECT TO A MANDATORY REFERENDUM," BE APPROVED? Section 2. The Town Clerk is hereby authorized and directed to publish at least once in "THE SUFFOLK TIMES," a newspaper published in Mattituck, New York, hereby designated the official newspaper of the Town for such publication, and to post on the sign board of the Town maintained pursuant to subdivision 6 of Section 30 of the Town Law, said publication and posting to be at least ten (10) days before the Biennial Town Election, the Notice thereof, including the said Proposition for the approval or disapproval of the Bond Resolution adopted at this meeting. 326702.1 001092 RES 1 . . . Section 3. The polling places in each of the respective election districts of the Town shall be the same polling places as shall be used at General Elections. Section 4. After said bond resolution shall take effect, the Town Clerk is hereby directed to cause said bond resolution to be published, in full, in the newspaper referred to in Section 2 hereof, and hereby designated the official newspaper of the Town for said publication, together with a Notice in substantially the form as provided by Section 81.00 of the Local Finance Law, constituting Chapter 33-a of the Consolidated Laws of the State of New York. Section 5. This resolution shall take effect immediately. * * * The adoption of the foregoing resolution was seconded by f:ollnrilman UlVlrp and duly put to a vote on roll call, which resulted as follows: Councilman Brian G. Murphy Councilman John M. Romanelli AYES: Councilman William D. Moore Councilwoman Alice J. Hussie Supervisor Jean W. Cochran NOES: None The resolution was declared adopted. ******** 326702.1 001092 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 the Town of Southold duly called and held on August 23, 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 the Town of Southold this 23rd day of August, 1999. (SEAL) . ~09-"u/~ Town Cler 326702.1 001092 RES