Loading...
HomeMy WebLinkAboutOpen Space - 1999 :rw OF SOUTHOLD. NEW YORKe 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: AUTHaZING the Town to improvAand preserve Town 'waterways, including, ~t not limited to, pr~rvation 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 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 ("Law") 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 .ocx::: _ Quality Review Act ("SEQRA").ve been complied with and a final d.ation 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: DETER~NG that a proposition for the approve 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 Proposition No.2 SHALL the Bond Resolution adopted August 23, 1999 authorizing issuance of $250,000 Bonds of the Town of Southold to finance an appropriation of like amount for improvement and preservation of Town waterways, in the interest of improving water quality and waterways, subject to compliance with the State Environmental Quality Review Act, BE APPROVED? Such Biennial Town Election shall be conducted at the time and places and in accordance with procedures determined pursuant to applicable law and by the Suffolk County Board of Elections. Dated: October , 1999 Elizabeth A. Neville Southold Town Clerk 329793.1 020032 DOC ; , , ~ "' :J " ..> J1 ~ .... '" ~ '" '" '" .. .... '" ~ '" '" 0 .. 0 .... '" '"' '"' '" '" "- .., 0 "- .... .... - 12:29:47 AM Suffolk County Board of Elections Unofficial Results Breakdown For General Election held on Tuesday, November 2,1999 November 3,1999 -SOld --(Rights in Prop.)PROPOSAt$IX, A PROPOSITION -c -. - 19 Out of 19 Election Districts have called in ~ 100.00% Reporting mmrmm 6,518 OUI of 15,026 eligible have pulled the lever ~ 43.38% Turnout EO Eligible Re"'orted Volen ... v.. EDI: 1 Yel 221 11 :1 EDI: 2 Ye' 671 11 21 ED#: 3 Yes 56~ 101 156 ED': 4 Yel 51l 6! 129 EDI: 5 Ye, 408 81; 63 ED': 6 Yes 77i BE 124 ED': 7 Ye 773 13C 161 ED": 8 Ye, 988 19 276 ED": 9 Yes 1,327 27! 379 EDI: 10 Ve' "656 12 171 ED,: 11 Ve, 762 1M 210 EDIJ: 12 Ye, rn 16E 249 EDIJ: 13 Yes 1231 21 231 ED,: 14 Ye, 89 146 1931 EDit: 15 Yes 963 161 248 EDt: 16 Ye 61E 13 150 EDt: 17 Ye 836 16< 207 EDt: 18 Ye 1060 22< 267 ED,: 19 Ye 984 20: 292 Tora/to 19/U 15,026 2,763 3,755 Southolc Reoort Total 191191 15,0261 2.763r 3,7551 100.00%1 I 42.39 57.61%t . . Page B3-E- 1 .... . ) ) ~ 12:29:46 AM Suffolk County Board of Elections Unofficial Results Breakdown For General Election held on Tuesday, November 2,1999 November 3, 1999 SOld - (Waterways)PROPOSAL SEVEN, A PR9POSlTION . 6,598 Out of 15,026 eligible have pulled lhe lever -+ .43.91% Turnout 19 Out 01 19 Election Districts have called In -+ 100.00% Reporting BJmmI EO Eligible RelVlorted Voters No v.. EDit: 1 Ye' 22 1~ 2 EDit: 2 Yes 671 8( 251 EDit: 3 Ye, 56' 71 181 EDit: 4 . Ye 51: 41 15: EDIt: 5 Yes 401 81 91 ED#: 6 Ye 77 6! 151 EDIt: 7 Ye 77 9 20 ED#: 8 Ye 981 141 331 EDIt: 9 Ye 1,32 20 46( EDfI: 10 Ye, 65E 81 209 EDIt: 11 Yes 76 10 24 EDfI: 12 Ye' 97 111 30: ED': 13 Ye, 1231 14' 301 ED': 14 Ye' 69 8! 25' ED': 15 Ye' 98: 12 -30( EDII: 16 Yes 61/ 91 201 EDI#: 17 Ye 831 111 251 EDfI: 18 Ye. l,06C 141 35 EDIt: 19 Ye 98 13! 35 Total fo 19/19 15,021 1,94! 4,64S Southoll Reoort Total 19/19 15,0261 1,9491 4,6491 100.00 I 29.54~ 70.46%1 . ~ , ~ J n .. , " .. " " .. '" ... " . ~ :.. '" ::> .. ::> ... '" "' '"' '" '" "- .., ::> "- ... ... Page B4.E. 1 ". TOWN OF SOl1THOLD. NEW YORK NOTICE OF PROPOSITIONS TO BE SUBMlTfED AT THE BIENNIAL TOWN ELECTION TO BE HELD ON NOYEMBER 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 Tune), the following Propositions will be sub- mitted to the qualified voters of the Town for their approval or disap- proval, to wit: PROPOSITION NO.1 SHALL THE BOND RESO- LUTION ENTITLED: "Bond Resolution of the Town of Southold, New York, adopted August 23,1999, authorizing the acquisition of inter- ests or rights in real property, including, but not limited to, devel- opmental 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, bowever, 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, stat- ing 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 in- stallment purchase obligations are authorized to be issued pursuant to this bond resolution and deter- mining that this bond resolution shall be subject to a mandatory referendum," BE APPROVED? 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 ("Town"), 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 pub- lic interest and a proper public pur. pose of the Town in accordance with the provisions of Section 247 and the Town desires to implement the land acquisition and financing pro- gram hereinafter set forth _ and to authorize the issuance of land installment purchase obligations for such purpose; SECOND: AUTHORIZING the Town to improve and preserve Town waterw~ys,including., but, no_t _ Iimited'to;preserVation oftidai ",et.' lands, 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 inter- est of improving water quality and waterways; provided, however, that no such right, including the fee or any lesser interest, d-evelopment right, easement, covenant, or other contractual right in any piece of par- cel of such lands shall be so acquired until all relevant provi- sions of the State Environmental Quality Review Act ("SEQRA"'). 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; APPRO- PRIATING #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 ("Law") to fmance said ap- propriation; FOURTH: DETERMINING and STATING the period of proba- 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 ilDY bond anticipation notes may be issued in the form of a land installment pur- chase obligation or obligations pur- suant to Section 29.10 of the Law; the proceeds of the bonds may be used to reimburse the Town for expenditures made. after the effec- tive 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 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: DETERMI1'IING that a Proposition for the opprovaI or disapproval of thiabeed reeol\l. tion shall be suhmitted to the quali- fied voters of the Town at the Biennial Town Election to be held on November 2, 1999 and that this boild 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 machine to be used for vot. ing at said Biennial Town Election: PROPOSmON NO. 1 SHALL the Bond Resolution adopted August 23, 1999 authoriz- ing issuance of $2,000,000 Bonds of the Town of South old to finance an aptrropiiiltion' -of like. amount for acquisition of interests or rights in real property, including develop- ment rights in open agricultural lands to preserve open spaces and areas, subject to compliance with the State Environmental Quality Review Act, BE APPROVED? PROPOSmON NO.2 SHALL THE BOND RESO- LUTION 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 improv- ing water quality and waterways: provided, however, that no such improvement, preservation, or pro- viding of access, drainage or run-off shall be commenced until all rele- vant 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 there- of is $250,000 appropriating said amount thereof. authorizing the is. suance of $250.000 serial bonds of said town to finance 'said appro- priation, stating .that land install- ment purchase obligations are authorized to be issued pursuant to this bond resolution and deter. mining that this bond resolution shall be subject to a mandatory ref- erendum:' BE APPROVED? An abstract of said bond resolu- tion. 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 wet- lands, salt marshes, creeks, bays, Long Island Sounds, estuaries and fresh water wetlands and to provide publlc access to waterways, drainage and run~off, all in the interest of improving water quality and water- ways; provided, however, that no such right, including the fee of 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 prQvi. sions 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 aDd declaration; STATING the _led maximum COlIt thereof is $250,000; APPROPRIATING $250.000 to pay said cost; and STATING the plan of fmancing includes the is- suance of $250,000 serial bonds of the Town, and the levy and coHec. tion of taxes upon all the taxable real property within the Town to pay the principal of said honds and interest thereon; SECOND: AUTHORIZING the issuance of $250,000 serial bonds of tbe Town pursuant to the Local Fmance Law of the State of New York ("Law") to finance said appro- priation. 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 issues in the form of a land installment purchase obliga. tion or obligations pursuant 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 tbe 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 an- ticipation notes issued in anticipa- tion 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 tbereof; and SIXTH: DETERMINING that a proposition for the approval or dis- approval of tbis 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 vot- ing at said Biennial Town Election: PROPOSmON NO. 2 SHALL the Bond Resolution adopted August 23, 1999 authoriz- ing 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 water~ ways, 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 pro- cedures determined pursuant to applicable law and by the Suffolk County Board of Elections. Dated: October 12, 1999 ELIZABETH A. NEVILLE SOUTHOLDTOWN CLERK 101l-iT014 STATE OF NEW YORK) )SS: C,JiNTY OF SUFFOLK) 9Su\ F. U... J (' I (i.l' of Mattituck, in Sail county, being duly sworn, says that he/she i: Principal clerk of THE SUFFOLK TIMES, , weekly newspaper, published at Mattituck. it the Town of Southold, County of Suffolk an' State of New York, and that the Notice of whicl the annexed is a printed copy, has been regu larly published, in said Newspaper once eac1 week for \ weeks . s~cessively commenc~n~ on the 4 da of OCrO\H{ 19 . I' O-~ J ,uJ.Jvl Principal Clerk before me this ~N p, BRISOTTI , NOTAKY ~W~.lt'~~~2~~:EW //1 ~ IN SUFFOLK COU~ YI/ JcoNiMls--slON EXPIRES MAY 31 d NOTICE The reso\utioD published herewith bas been adopted on 23rd 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 Town Election held on November 2. 1999. The validity of the obligations authorized by such resolution 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 publica- tion of this notice. or such obligations were authorized in violation of the provisions of the constitution. ELIZABETH A. NEVILLE Town Clerk BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK,ADOPTED AUGUST 23, 1999, AUTHORIZING THE ACQUISITION OF INTERESTS OR RIGHTS IN REAL PROP- ERTY, INCLUDING, BUT NOT LIMITED TO, DEVELOPMENT RIGHTS IN OPEN AGRI- CULTURAL LANDS, WITHIN SAID TOWN, FOR THE PRESERVATION OF OPEN SPACES AND AREAS AND TO MAINTAIN AND ENHANCE THE CONSERVATION OF NATURAL OR SCENIC RESOURCES, PROVIDED, HOWEVER, THAT NO SUCH INTERESTS OR RIGHTS IN REAL PROPERTY SHALL BE . ACQUIRED UNTIL ALL REL- EVANT PROVISIONS OF THE STATE ENVIRONMENTAL QUALITY REVIEW Acr HAVE BEEN COMPLIED WlTH AND A FINAL DECLA- RATION AS TO ENVIRON- MENTAL IMPAcr HAS BEEN DULY DECLARED, STATING THE ESTIMATED MAXIMUM COST TIfEREOF IS $2,000,000, APPROPRIATING SAID AMOUNT THEREFOR, AUTHORIZING THE ISSUANCE OF $2,000,000 SERI- ALBONDS OF SAID TOWN TO FINANCE SAID APPROPRIA- TION, STATING THAT LAND INSTALLMENT PURCHASE OBLIGATIONS ARE AU- THORIZED TO BE ISSUED PURSUANT TO THIS BOND RESOLUTION AND DE- TERMINING THAT THIS BOND RESOLUTION SHALL BE SUBJEcr TO A MANDA- TORY REFERENDUM. R_ WHEREAS, pursuant to Section 247 of the General Municipal Law, constituting Chapter 24 of the Consolidated Laws of the State of New York (herein called "Section 247"), the Town of Southold, SufloIk County, New York (herein called "Town"), is authorized to acquire interests or rights in real property for the preservation of open spaces and areas as defined in Section 247; and WHEREAS, such acquisition of interests or rights in land situate throughout the Town for the preser- vation of open spaces and areas and maintaining and enhancing the con- servation of natural or sceniC resourus, as defined in Section 247, 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 findings and determinations of the State Legislature as set forth in Section 247; and WHEREAS, in pursuance thereof. the Town desires to implement the land acquisition and financing pro- gram hereinafter set forth and to authorize the issuance of land install- ment purchase obligations for the purpose of financing the acquisition of such interests or rights in real property: now, therefore THE TOWN BOARD OF THE TOWN OF SOUTHOLD, IN THE COUNTY OF SUFFOLK, NEW YORK, HEREBY RESOLVES (hy the favorable vote of not less than three-fifths of all the members of said Town Board) AS FOLLOWS: Section 1. The Town is hereby authorized to acquire by purchase, gift, grant, bequest, devise, lease or otherwise, the fee or any lesser inter- est, development right, easement, covenant or other contractual right necessary to achieve the purposes of Section 247, in various parcels of real property, including,. but not limited to, development rights in open agri- cultural lands, actually used in bona fide agricultural production within the Town. for the preservation of open spaces and areas and to main- tain and enhance the conservation 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 provisions of the Town of Southold Code, including incidental costs incurred in relation thereto, such acquisition being hereby found, determined and deemed to be neces- sary and in the public interest and a proper public purpose of the Town in accordance with the findings and determinations set forth in Section 247; provided, however, that no such right, including the' fee or any lesser interest, development right, ease- ment, 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 (herein called "SEQRA"), constitut- ing Article 8 of the New York Environmental Conservation Law, 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. The estimated maximum cost of said class of objects or purposes, including preliminary costs and costs incidental thereto and the financing ~hereof. is $2,OOO,()(X), and said amount is here- by appropriated therefor. The plan of fmancing includes the issuance of $2,000,000 serial bonds of the Town to fmance 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 S2,OOO,OOO 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 (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 probahle use- fulness of said class of objects or pur- poses, 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) 21. of the Law, is thirty (30) years. (h) All or a portion of the in- debtedness to be contracted by the Town for the purpose of financing the acquisition of such interests or rights in real property may be issued in the form of a land installment pur- chase obligation or obligations pur- suant to the provisions of Section 29.10 of the Law; any portion of said estimated maximum cost that is not financed by the issuance of a land installment obligation or obligations may be financed through the issuance of such bonds or bond antic- ipation notes issued in anticipation of the sale of such bonds. (c) The proceeds of the bonds herein authorized and any bond anticipation notes issued in antici- pation of said bonds may 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- 's. ment is made in conformity with. . Treasury Regulation Section 1.150-2 of the United States Treasury f M ttit k ' said Department. _0 a UC, ill (d) The proposed maturity of said rn says that he/she is $2,000,000 serial honds will exceed,' FOLK TIMES ftve (5) years. !, SUF . a Section 4, Each of the bonds au- .lished at Mattituck. in thorlZed by thiS resolution and any bond anticipation notes issued in County of Suffolk and anticipation of the sale of said bonds that the Notice of which as well as any bond purchase obliga- tion shall contain the recital of valid- ~d copy, has been regu- ity as prescribed by Section 52.00 of N spa per once each the Law and said bonds and any. ew notes issued in anticipation of said weelcs successively, bonds, shall he general obligations of h \ \ w\... day the Town, payable as to both princi- Lie pal and interest by general tax ~p~n 9 ~ . all the taxable real property wlthm 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 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 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 substan. tially 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 autho- rized and of any bond anticipation notes issued in anticipation of said bonds, and the renewals of said bond anticipation notes, are hereby dele- gated to the Supervisor, the chief fis.- cal 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 con-ytested only if: (a) such obligations are au- thorized for an object or purpose for which the Town is not autho- rized to expend money, or (b) the provisions of law which should be complied with at the date of the publication of such rts- olution are not substantially com- plied with. and an action, suit or proceeding con- testing such validity, is commenced within twenty days after the date of such publication, or (c) such obligations are au- tborized 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 Ejection to be held on November 2,1999, and this bond res- olution shall take effect upon the approval of the Proposition by said voters of the Town at that Election. 1062-1TNll JHN pf~~m ~lIC, ft~ ~ l~tVV YURK e:.&1 Z 3 1J)1~U.EFOLK COUNTY N'ExJ5iRESMAY 31 C7-c-"'''''c- _ .11/11~99 THlT 16:20 FAX 5168524574 . SCBOE 141001 . (9 G.ERAU) EDELSTEIN Dt::M.OCRATlC COMUlSSlONER, BOARD OF ELECTIONS COUNTY OF SUFFOLK P.O. BOX 700 YAPHANK, NEW YORK 11980-0700 mL_ 852-4500 BARBARA P.llAllcl REPUBUCAN OOMMl8~oNHR November 11, 1999 Honorable Elizabeth Ann Neville Town Clerk, Town of Southold Southold Town Hall 53095 MainRd Southold NY 11971 Dear Mr8 Neville: We, Barbara P. Barci and Gerald Edelstein, Commissioners of Elections in and for the. County of Suffolk, pursuant to instructions received from your office, have directed to be placed on the ballot, at the November 2" , 1999 General Election, the following proposition: 1 - . 11/11/99 . . . . THU 16:21 FAX 5168524574 SCBOE ~002 . . 3:21:56 PM Suffolk County Board of Elacti.on5 November 11,1999 Final Results For General Election held on Tuesday, November 2, 1999 ",.: .'.'-. ',,"--= SOld - (Rights in Prop.)PROPOSAL SIX, A PROPOSITION @ @ " Answer Votes Share Yes 3,829 57.78% No 2,798 42.22% Voids 1 Blanks 2,001.: WholeJllumber 8,633 ,,,......:....- 19 Out of 19 Election Districts have called in -+ 100.00% Reporting 6,627 Out of 15,026 Eligible have pulled the Lever -+ 44.10% Turnout .....,.". .'.u= Page 1 . NOTICE . The resolution published herewith has been adopted on 23rd 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 Town Election held on November 2, 1999. The validity of the obligations authorized by such resolution 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 322279.3 021321 RES Land Preservation 1 of 8 . . 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, DEVELOPMENT 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 OR SCENIC RESOURCES, PROVIDED, HOWEVER, THAT NO SUCH INTERESTS 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. Recitals WHEREAS, pursuant to Section 247 of the General Municipal Law, constituting Chapter 24 of the Consolidated Laws of the State of New York (herein called "Section 247"), the Town Land Preservation 2 of 8 221742.2 020032 RES . . of Southold, Suffolk County, New York (herein called "Town"), is authorized to acquire interests or rights in real property for the preservation of open spaces and areas as defined in Section 247; and WHEREAS, such acquisition of interests or rights in land situate throughout the Town for the preservation of open spaces and areas and maintaining and enhancing the conservation of natural or scenic resources, as defined in Section 247, 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 findings and determinations of the State Legislature as set forth in Section 247; and WHEREAS, in pursuance thereof, 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 the purpose of financing the acquisition of such interests or rights in real property: now, therefore 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: Section 1. The Town is hereby authorized to acquire by purchase, gift, grant, bequest, devise, lease or otherwise, the fee or any lesser interest, development right, easement, covenant or other contractual right necessary to achieve the purposes of Land Preservation 3 of 8 221742.2 020032 RES . . Section 247, in various parcels of real property, including, but not limited to, development rights in open agricultural lands, actually used in bona fide agricultural production within the Town, for the preservation of open spaces and areas and to maintain and enhance the conservation 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 provisions 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 determinations set forth in Section 247; 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 {herein called "SEQRA"), constituting Article e of the New York Environmental Conservation Law, 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. The estimated maximum cost of said class of objects or purposes, including preliminary costs and costs incidental thereto and the financing thereof, is $2,000,000, and said amount is hereby appropriated therefor. The plan of financing includes the issuance of $2,000,000 serial bonds of the Town to finance said Land Preservation 4 of 8 221742.2 020032 RES . . 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 $2,000,000 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, stated and declared: (a) The period of probable usefulness of said class of objects or purposes, 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) 21. of the Law, is thirty (30) years. (b) Allor a portion of the indebtedness to be contracted by the Town for the purpose of financing the acquisition of such interests or rights in real property may be issued in the form of a land installment purchase obligation or obligations pursuant to the provisions of Section 29.10 of the Law; any portion of said estimated maximum cost that is not financed by the issuance of a land installment obligation or obligations may be financed through the issuance of such bonds or bond anticipation notes issued in anticipation of the sale of such bonds. Land Preservation 5 of 8 221742.2 020032 RES . . (c) 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. (d) The proposed maturity of said $2,000,000 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 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. Land Prservation 6 of 8 221742.2 020032 RES . . Section 5, Subj ect 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 ot 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: (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 (cl 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 221742.2 020032 RES Land prservation 7 of 8 . . 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. * * * PLEASE PUBLISH ON NOVEMBER 11, 1999 AND FORWARD TWO (2) AFFIDAVITS OF PUBLICATION TO ELIZABETH A. NEVILLE, TOWN CLERK, TOWN HALL, PO BOX 1179, SOUTHOLD, NY 11971. Copies to the following: The Suffolk Times Town Board Members Superintendent of Highays Town Attorney Town Clerk's Bulletin Board Land Preservation 8 of 8 '. . ,> ~~UfFOL~ 'P'~,\;.~ ~ i/~ ~ \\ ~. =:J ~ t-, ~;; ~H .'.\~ !'t7.~ '0... ~ · ~J:r "\~..'O./ + "1-~~fl <, ~r '--.j <a--Lr/fl'-'- . 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) 765-6145 Telephone (516) 765-1800 OFFICE OF THE TOWN CLERK TOWN OF SOUTH OLD TOWN OF SOUTHOLD 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? . , . ,p:.#LI2-';;:'-<~;:__ ,Jfj..... 'ilUfFOl.t ~"+ ij~." t'a'i\ ,!'~ ~'" ,,' ~," ~'" ,::) :..t:. ~ (:) . 1-" "" -~ -, \\~. ~~ ~'+..b ~,J Y~'c;:Q./ oIL i-~,,1'/ "-~ -r r(')- '--<"<::("-<ZrLr;:fff~~ ' . 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) 765-6145 Telephone (516) 765-1800 OFFICE OF THE TOWN CLERK TOWN OF SOUTHOLD TOWN OF SOUTHOLD 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? TOWN OF SOUTHOm, NEW YORK NOTICE OF PROPOSmON TO BE SUBMfITED 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 TIme), and that the following proposition will be sub- mitted to the qualified voters of the Town of Southald for their approval or disapproval and will appear on the ballot in substantially the follow- ing form. to wit: PROPOSITION SHALL THE 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 pub. lie access to such waterways, drainage. and run.off, all in the interest of improving water quali- ty and waterways: provided. how. ever, 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 environ. mental impact has been duly made, stating the estimated maxi. mum cost thereof is $250,000.00 appropriating said amount there. of, authorizing the issuance of $250,000.00 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 that day. An abstract of said bond resolu. tion, 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 wet. lands; 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 water. ways; provided, however, that no such right, including the fee or any lesser interest, development right, Septelober 2, 19 easement, covenant, or other con. tractual 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 declara- tion as to environmental impact has been duly made by the entity duly authorized to make such determi- nation and declaration; STATING the estimated maximum cost thereof is $250,000; APPROPRIATING $250,000 to pay said cost; and STAT- ING the plan of financing includes the issuance of $250,000 serial bonds of the Town, and the levy and col. lection 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 appro- priation; 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 ex- ceed five (5) years: FOURTH: DETERMINING that said bonds and any bond an- ticipation notes issued in anticipa- tion 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 dis~ approval 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 vot- ing at said Biennial Town Election. Dated: August 23; 1999 ELIZABETH A. NEVILLE SOUTHOLD TOWN CLERK 1822-1TS2 r ;'il"_~l,', (O>;lf,H '-', 0li\lt Of !'t: V,I VUlit\ ',',=;101 K CUi!i'lIY AUGUSf 31, 2.,JO i TOWN OF SOUTHOLD. NEW YORK NOTICE OF PROPOSmON TO BE SUBMrITED AT THE SPECIAL TOWN ELECTION TO BE HELD ON NOVEMBER 2.1999 NOTICE IS HEREBY GIVEN tbat a Special Town Election of- the town of SouthaM will be held at the same time as the General Election 011 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 sub- mitted to the qualified voten of the TOWA of Soutbold for their approval 01' disapproval and will appear on the ballot in substantially the follow. ing form. to wit: PROPOSn;JON SHALL THE RE~OLUTlON ENTIlLED: "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 havt! 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 that day. An abstract of said bond resolu- tion, toncisely 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 ("Town"), is authorized to acquire interests or rights in real property for the prese~vation 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 to authorize the issuance of land instaUment purchase obligations for such purpose; SECOND: AUTHORIZING 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 other 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- .. lion of 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 pub[ 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- tions 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 final 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 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 ("Law") to finance said ap- propriation; FOURTH: DETERMINING and STATING the period of proba- 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 pursuant 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; FIFTH: 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 -~... STATE OF NEW YORK) )SS: ~9UN1Y OF SUFfQLK) VIr ~5tu)L l0f_bQl~f Mattituck, in said county, being duly sworn. says that he/she is 'HE SUFFOLK TIMES. a mblished at Mattituck. in ld, County of Suffolk and Id that the Notice of which upon such approval, nted COp h b Dated: August 23,1999 y. as een regu- ELIZABETH A. NEVILLE aid Newspaper once each SOUTHOLD TOWN CLERK 182I-1TS2 weeksd successively. -commencing on the of' - day of ~9L 19~, C,he J'5P (Yl LJelLuJ Principal Clerk 7D- 19'-h Sworn to before me this day of "" 'S1" 7' ],~ 2'7 /),,, }~eZ --+) U1 / f/!'f!.V N;;TM~\' t,w. ~> (',~H~;~~'" fOSTER ~i \iF Uf i'i~VJ YUHl\ ,;,', L : liCi' COUNlY . , "-.'j nL~u')T 31, U!6 I " """"","..,.~." . 11 . . TOWN OF SOUTHOLD, NEW YORK NOTICE OF PROPOSITION TO BE SUBMITTED 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 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: PROPOSITION 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 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 $2,000,000.00, appropriating said amount therefore, authorizing the issuance of $2,000,000.00 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: :. ~ FIRST:~ECITING that pursuant to~ction 247 of the New York General Municipal Law ("Section 24~, 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 i 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; SECOND: AUTHORIZING the Town to acquire by purchase, gift, grant, bequest, devise, lease or otherwise, the ~ee or any lesser interest, development right, easement, covenant or other contractual right necessary to achieve the purposes of Section 247, in various parcels of real property, including, but not limited to, development rights in open agricultural lands, actually used in bona fide agricultural production within the Town, for the preservation of open spaces and areas and to maintain and enhance the conservation 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 provisions 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 determinations set forth in Section 247; 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 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 Qf $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 ("Law") 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 (S) 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. Dated: Augsut 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. Copies to the following: The Suffolk Times Town Board Members Town Attorney Town Clerk's Bulletin Board , . . STATE OF NEW YORK ) ):55: COUNTY OF SUFFOLK ) ., I: 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. ~()~h//~) Eliza th A. Neville Subscribed and sworn to before me this 23rd day of August 1999. r?JL Suffolk County . . 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 at9~ 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 * * * Supervisor Cochran offered the following resolution and moved its adoption: 221742.2 020032 RES . . 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, DEVELOPMENT 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 OR SCENIC RESOURCES, PROVIDED, HOWEVER, THAT NO SUCH INTERESTS 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. Recitals WHEREAS, pursuant to Section 247 of the General Municipal Law, constituting Chapter 24 of the Consolidated Laws of the State of New York (herein called "Section 247"), the Town 221742.2 02oo32 RES . . of Southold, Suffolk County, New York (herein called "Town"), is authorized to acquire interests or rights in real property for the preservation of open spaces and areas as defined in Section 247; and WHEREAS, such acquisition of interests or rights in land situate throughout the Town for the preservation of open spaces and areas and maintaining and enhancing the conservation of natural or scenic resources, as defined in Section 247, 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 findings and determinations of the State Legislature as set forth in Section 247; and WHEREAS, in pursuance thereof, 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 the purpose of financing the acquisition of such interests or rights in real property: now, therefore 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: Section 1. The Town is hereby authorized to acquire by purchase, gift, grant, bequest, devise, lease or otherwise, the fee or any lesser interest, development right, easement, covenant or other contractual right necessary to achieve the purposes of 221742.2 020032 RES . . Section 247, in various parcels of real property,including, but not limited to, development rights in open agricultural lands, actually used in bona fide agricultural production within the Town, for the preservation of open spaces and areas and to maintain and enhance the conservation 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 provisions 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 determinations set forth in Section 247; 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 (herein called "SEQRA"), constituting Article 8 of the New York Environmental Conservation Law, 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. The estimated maximum cost of said class of objects or purposes, including preliminary costs and costs incidental thereto and the financing thereof, is $2,000,000, and said amount is hereby appropriated therefor. The plan of financing includes the issuance of $2,000,000 serial bonds of the Town to finance said 221142.2 020032 RES . . 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 $2,000,000 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, stated and declared:. (a) The period of probable usefulness of said class of objects or purposes, 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) 21. of the Law, is thirty (30) years. (b) Allor a portion of the indebtedness to be contracted by the Town for the purpose of financing the acquisition of such interests or rights in real property may be issued in the form of a land installment purchase obligation or obligations pursuant to the provisions of Section 29.10 of the Law; any portion of said estimated maximum cost that is not financed by the issuance of a land installment obligation or obligations may be financed through the issuance of such bonds or bond anticipation notes issued in anticipation of the sale of such bonds. 221742.2 020032 RES . . (c) 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. (d) The proposed maturity of said $2,000,000 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 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. 22[742.2 020032 RES . . 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: (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. 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 221742.2 020032 RES . . 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. * * * 221742.2 020032 RJJS . . The adoption of the foregoing resolution was seconded by Concilman Moore and duly put to a vote on roll call, which resulted as follows: NOES: Councilman Brian G. Murphy Councilman John M. Romanelli Councilman William D. Moore Councilwoman Alice J. Hussie Supervisor Jean W. Cochran None AYES: The resolution was declared adopted. ******** Councilman Romanelli 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: 221742.2 020032 RES . . 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; SECOND: AUTHORIZING the Town to acquire by purchase, gift, grant, bequest, devise, lease or otherwise, the fee or any lesser interest, development right, easement, covenant or other contractual right necessary to achieve the purposes of Section 247, in various parcels of real property, including, but not limited to, development rights in open agricultural lands, actually used in bona fide agricultural production within the Town, for the preservation of open spaces and areas and to maintain and enhance the conservation of natural or scenic 221742.2 020032 RES . . 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 provisions 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 determinations set forth in Section 247; 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 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 ("Law") 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 221742.2 020032 RES . . 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 following form machines to be Proposition shall appear in substantially the on the ballot label to be inserted on the voting used for voting at said Biennial Town Election: YES: NO: 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? 221742.2 020032 RES . . 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. 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. * * * 221742.2 020032 RES . . The adoption of the foregoing resolution was seconded by Councilwoman Hussie resulted as follows: AYES: NOES: and duly put to a vote on roll call, which Councilman Brian G. Murphy Councilman John M. Romanelli Councilman William D. Moore Councilwoman Alice J. Hussie Supervisor Jean W. Cochran None The resolution was declared adopted. ******** 221742.2 020032 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) ~ 0 ::tAd'~~) Town ClerK 221142.2 020032 RES