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HomeMy WebLinkAboutStreet Sweeper & Payloader for Highway Dept ~,9e#f/&JY~ 6'7 Ya&'Jt?<ut. k?!/--t /aP.J 1M- ~ ?/?) d'?tJ-.9~~~ ~ (.!/?) S/#-d'4?S )t'~:'!>>eNd!>>,;d ,A/~ (212) 820-9416 March 30, 1994 Town of Southold, New York $185,000 Serial Bonds for Payloader and Street Sweeper (Our File Desianation No. 2615/15073 RECEIVED APR 1 1994 Ms. Judith T. Terry Town Clerk Town Hall 53095 Main Road P.O. Box 1179 Southold, New York 11971 Soulhold Town rr,"rk Dear Ms. Terry: Thank you for your letter dated March 21st enclosing the two (2) executed General Certificates for the current fiscal year of the Town of Southold. Both have been included in our files. We shall await further word from you regarding financing and shall of course, be pleased to prepare and send along to you drafts of the requisite proceedings. With kind regards, I remain . Jr. GF,Jr. :bmp . . ~Chfd 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 (631) 765-6145 Telephone (631) 765-1800 southoldtown.northfork.net OFFICE OF THE TOWN CLERK TOWN OF SOUTHOLD March 23, 2004 Re: File No.2615/015493 $310,000 Serial Bonds for Highway Department Equipment Gerald Fernandez, Jr. Hawkins, Delafield, & Wood 67 Wall Street New York, New York 10005 Dear Mr. Fernandez: Enclosed please find the following in connection with the above referenced bond: (1) Original Affidavit of Publication Please do not hesitate to call ifthere is anything further that you need from me at this time. Thank you. Sincerely, Lynda M. Bohn Southold Deputy Town Clerk cc: Town Attorney Town Comptroller #2973 STATE OF NEW YORK) )SS: COUNTY OF SUFFOLK) Joan Ann Weber 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 which the annexed is a printed copy, has been regularly published in said Newspaper once each week for 1 weeks successively, commencing on the 18th day of March , 2004. CHRISTINA YOLINSKI NOTARY PUBLIC-STATE OF NEW YORK No. 0 l-Y061 05050 QUOllfled In Suffolk County -.,mmlsslon Expire. February 2B, 2008 Sworn to before me this 2004 --,t2/.-d'~ Principal Clerk ~21ciuJuJH. j q day of '1Y7JUUJ/-- LEGAL NOTICE The resoIulioa, . aummary of wbich is published herewitb,has heeo adopted of the 9th day of March, 2004, and the. validity of the obliga- tions 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 coI;Jlplied with, and an See Legals, page 40A LEGALS... ~From page 35A action, suit or proceeding conte~ti~g such validity is commenced wtthm twenty days after the date of I?ub~ica- tion of the notice, or such obhgatlons 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 MARCH 9, 2004, AUTHORIZING THE ACQUISITION OF EQUIPMENT FOR USE BY THE TOWN HIGH. vaN.. r..liRAJU'...."p'h.1T......t.\;.JiQJ.., AND AUTHORIZING THE ISSU. ANCE OF $310,000 SER1AL BONDS OF SAID TOWN TO FINANCE SAID APPROPRIA. TION. Object or purpose: to acquire equipment for use by th~ To.wn Highway Department, includmg (1) a Street Sweeper at the estimated max- imum cost of $170,000 and (ii) a Payloader at the estimated maximum cost of $140,000, the estimated total cost being $310,000 Period of probable usefulness: five (5) years Amount of obligations to be issued: $310,000 A complete copy of the bond reso- lution summarized above shall be available for public inspection d~ing normal business hours at the office of the Town Clerk, at the Town Hall, 53095 Main Road, Southold, New York. Dated: March 9,2004 Southold, New York BY ORDER OF THE SOUTHOLD TOWN BOARD OF THE TOWN OF SOUTHOLD, MARCH 9,2004. ELIZABETH A. NEVILLE SOUTHOLD TOWN CLERK 'J973-1T M1R . . LEGAL NOTICE The resolution, a summary of which is published herewith, has been adopted of the 9th day of March, 2004, and 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 the notice, or such obligations were authorized in violation of the provisions ofthe constitution. Elizabeth A. Neville Town Clerk BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED MARCH 9, 2004, AUTHORIZING THE ACQUISITION OF EQUIPMENT FOR USE BY THE TOWN HIGHWAY DEPARTMENT AS FOLLOWS: (I) A STREET SWEEPER, AT THE EESTIMATED MAXIMUM COST OF $170,000, AND (2) A PAYLOADER, AT THE ESTIMATED MAXIMUM COST OF $140,000; STATING THE ESTIMATED TOTAL COST THEREOF IS $310,000; APPROPRIATING SAID AMOUNT THEREFOR AND AUTHORIZING THE ISSUANCE OF $310,000 SERIAL BONDS OF SAID TOWN TO FINANCE SAID APPROPRIATION. Object or purpose: to acquire equipment for use by the Town Highway Department, including (i) a Street Sweeper at the estimated maximum cost of $170,000 and (ii) a Payloader at the estimated maximum cost of $140,000, the estimated total cost being $310,000 Period of probable Usefulness: five (5) years Amount of obligations To be issued: $310,000 A complete copy of the bond resolution summarized above shall be available for public inspection during normal business hours at the office of the Town Clerk, at the Town Hall, 53095 Main Road, Southold, New York. Dated: March 9, 2004 Southold, New York . . BY ORDER OF THE SOUTHOLD TOWN BOARD OF THE TOWN OF SOUTHOLD, MARCH 9, 2004. ELIZABETH A. NEVILLE SOUTHOLD TOWN CLERK PLEASE PUBLISH ON MARCH 18, 2004, AND FORWARD TWO (2) AFFIDAVIT 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 Highway Gerry Fernandez John Cushman Town Clerk's Bulletin Board . . STATE OF NEW YORK) SS: COUNTY OF SUFFOLK) ELIZABETH A. NEVILLE, Town Clerk of the Town of Southold, New York being duly sworn, says that on the ---15...... day of __JYk~ , 2004, she affixed a notice of which the annexed printed notice is a true copy, in a proper and substantial manner, in a most public place in the Town of Southold, Suffolk County, New York, to wit: Town Clerk's Bulletin Board, 53095 Main Road, Southold, New York. Bond for Acquisition of Street Sweeper and Payloader cCY~hdhO Qu/d Elizabeth A. Nevil e Southold Town Clerk Sworn before me this ~ day of Y'Y\~ ,2004. cio~bli~~ LYNDA M. BOHN NOTARY PUBLIC. State of New York No. 01 B06020932 Qualified In Suffolk County Term Expires March 8, 2C ~ . . - C)(fl:1'\- CO'P'i EXTRACT OF MINUTES Meeting of the Town Board of the Town of Southold, in the County of Suffolk, New York March 9, 2004 * * * A regular meeting of the Town Board of the Town of South old, in the County of Suffolk, New York, was held at the Town Hall, 53095 Main Road, Southold, New York, in said Town, at 4:30 o'clock P.M., on March 9, 2003. There were present: Hon. Joshua Y. Horton, Supervisor; and Councilpersons: Justice Louisa P. Evans Councilman John M. Romanelli Councilman Thomas H. Wickham Councilman William P. Edwards Councilman Daniel C. Ross There were absent: None Also present: Elizabeth A. Neville, Town Clerk Patricia Finnegan, Town Attorney * * * Justice Louisa P. Evans offered the following resolution and moved its adoption: . . BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED MARCH 9, 2004, AUTHORIZING THE ACQUISITION OF EQUIPMENT FOR USE BY THE TOWN HIGHWAY DEPARTMENT AS FOLLOWS: (1) A STREET SWEEPER, AT THE ESTIMATED MAXIMUM COST OF $170,000, AND (2) A P A YLOADER, AT THE ESTIMATED MAXIMUM COST OF $140,000; STATING THE ESTIMATED TOTAL COST THEREOF IS $310,000; APPROPRIATING SAID AMOUNT THEREFOR AND AUTHORIZING THE ISSUANCE OF $310,000 SERIAL BONDS OF SAID TOWN TO FINANCE SAID APPROPRIATION. THE TOWN BOARD OF THE TOWN OF SOUTHOLD, IN THE COUNTY OF SUFFOLK, NEW YORK, HEREBY RESOLVES (by the favorable vote of not less than two thirds of all the members of said Town Board) AS FOLLOWS: The Town of Southold, in the County of Suffolk, New York (herein called the "Town"), is hereby authorized to acquire equipment for use by the Town Highway Department, as follows: (i) a Street Sweeper, at the estimated maximum cost of$170,000; and (ii) a Payloader, at the estimated maximum cost of$140,000. The estimated total cost ofthe both items of said specific object or purpose, including preliminary costs and costs incidental thereto and to the financing thereof, is $310,000 and said amount is hereby appropriated therefor. The plan of financing includes the issuance of$31O,000 serial bonds ofthe 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. . . Serial bonds of the Town in the principal amount of$310,000 are hereby authorized to be issued pursuant to the provisions ofthe Local Finance Law, constituting Chapter 33-a of the Consolidated Laws of the State of New York (herein called "Law"), to finance said appropriation. The following additional matters are hereby determined and declared: (i) The period of probable usefulness applicable to both items of the specific object or purpose for which said serial bonds are authorized to be issued, within the limitations of Section 11.00 a. 28 of the Law, is hereby determined to be five (5) years. The proceeds of the bonds herein authorized, and any bond anticipation notes issued in anticipation of said bonds, may be applied to reimburse the Town for expenditures made after the effective date of this resolution for the purpose for which said bonds are authorized. The foregoing statement of intent with respect to reimbursement is made in conformity with Treasury Regulation Section 1.150-2 ofthe United States Treasury Department. The Town Board of the Town, acting in the role of Lead Agency pursuant to the provisions of the New York State Environmental Quality Review Act ("SEQRA") has heretofore determined that each specific object or purpose herein above described in Section 1 is a Type II Action as defined in said Act and the Regulations promulgated thereunder and no further review is required. The proposed maturity of the bonds authorized by this resolution will not exceed five (5) years. Each of the bonds authorized by this resolution, and any bond anticipation notes issued in anticipation of the sale of said bonds, shall contain the recital of validity as prescribed by Section 52.00 ofthe 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 ofthe 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. 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 bonds with substantially level or declining annual debt service, Section 30.00 relative to the authorization of the issuance ofbond anticipation notes and Section 50.00 and Sections 56.00 to 60.00 of the Law, the powers and duties ofthe 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. 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: such obligations are authorized for an object or purpose for which the Town is not authorized to expend money, or the provisions oflaw which should be complied with at the date of the publication of such resolution, or a summary thereof, 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 . . such obligations are authorized in violation ofthe provisions of the constitution. This bond resolution is shall take effect inunediately. * * * . . The adoption of the foregoing resolution was seconded by Councilman John M. Romanelli and duly put to a vote on roll call, which resulted as follows: AYES: AYES: Hon. Joshua Y. Horton, Supervisor Justice Louisa P. Evans Councilman John M. Romanelli Councilman Thomas H. Wickham Councilman William P. Edwards Councilman Daniel C. Ross NOES: None The resolution was declared adopted. ******** Justice Louisa P. Evans 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: The Town Clerk is hereby directed to cause the bond resolution adopted next preceding this resolution to be published, in summary in the "The Suffolk Times," a newspaper published in Mattituck, in said Town and hereby designated the official newspaper 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. This resolution shall take effect immediately. * * * . . The adoption of the foregoing resolution was seconded by Councilman John M. Romanelli and duly put to a vote on roll call, which resulted as follows: AYES: Justice Louisa P. Evans Councilman John M. Romanelli Councilman Thomas H. Wickham Councilman William P. Edwards Councilman Daniel C. Ross NOES: None The resolution was declared adopted. ******** . . CERTIFICATE I, Elizabeth A. Neville, Town Clerk of the Town of South old, 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 the Town of Southold duly called and held on March 9,2004, has been compared by me with the original minutes as officially recorded in my office in the Minute Book of said Town Board and is a true, complete and correct copy thereof and of the whole of said original minutes so far as the same relate to the subject matters referred to in said extract. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the corporate seal of said Town of Southold this~ day of March, 2004. (SEAL) (}~hn-~O ~ Town Clerk - . . (NOTICE TO BE ATTACHED TO AND PUBLISHED WITH RESOLUTION) NOTICE The resolution, a summary of which is published herewith, has been adopted on the 9th day of March, 2004, and 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 ifthe provisions oflaw 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 the notice, or such obligations were authorized in violation of the provisions of the constitution. Elizabeth A. Neville Town Clerk 445986.1 026031 RES . . BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED MARCH 9, 2004, AUTHORIZING THE ACQUISITION OF EQUIPMENT FOR USE BY THE TOWN HIGHWAY DEPARTMENT AS FOLLOWS (1) A STREET SWEEPER, AT THE ESTIMATED MAXIMUM COST OF $170,000, AND (2) A PAYLOADER, AT THE ESTIMATED MAXIMUM COST OF $140,000; STATING THE ESTIMATED TOTAL COST THEREOF IS $310,000; APPROPRIATING SAID AMOUNT THEREFOR AND AUTHORIZING THE ISSUANCE OF $310,000 SERIAL BONDS OF SAID TOWN TO FINANCE SAID APPROPRIATION. Object or purpose: to acquire equipment for use by the Town Highway Department, including (i) a Street Sweeper at the at the estimated maximum cost of $170,000 and (ii) a Payloader at the estimated maximum cost of $140,000, the estimated total cost being $310,000 Period of probable usefulness: five (5) years Amount of obligations to be issued: $310,000 A complete copy of the bond resolution summarized above shall be available for public inspection during normal business hours at the office of the Town Clerk, at the Town Hall, 53095 Main Street, Southold, New York. Dated: March 9, 2004 Southold, New York 445986.1 026031 RES . ELIZABETH A. NEVILLE TOWN CLERK REGISTRAR OF VITAL STATISTICS MARRIAGE OFFICER RECORDS MANAGEMENT OFFICER FREEDOM OF INFORMATION OFFICER . C' r, \)U1^ <'>i Town Hall, 53095 Main Road P.O. Box 1179 Southold, New York 11971 Fax (631) 765-6145 Telephone (631) 765-1800 southoldtown.northfork.net OFFICE OF THE TOWN CLERK TOWN OF SOUTHOLD THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION NO. 201 OF 2004 WAS ADOPTED AT THE REGULAR MEETING OF THE SOUTHOLD TOWN BOARD ON MARCH 9, 2004: BOND RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED MARCH 9, 2004, AUTHORIZING THE ACQUISITION OF EQUIPMENT FOR USE BY THE TOWN HIGHWAY DEPARTMENT AS FOLLOWS: (1) A STREET SWEEPER, AT THE ESTIMATED MAXIMUM COST OF $170,000, AND (2) A PAYLOADER, AT THE ESTIMATED MAXIMUM COST OF $140,000; STATING THE ESTIMATED TOTAL COST THEREOF IS $310,000; APPROPRIATING SAID AMOUNT THEREFOR AND AUTHORIZING THE ISSUANCE OF $310,000 SERIAL BONDS OF SAID TOWN TO FINANCE SAID APPROPRIATION. THE TOWN BOARD OF THE TOWN OF SOUTHOLD, IN THE COUNTY OF SUFFOLK, NEW YORK, HEREBY RESOLVES (by the favorable vote of not less than two thirds of all the members of said Town Board) AS FOLLOWS: The Town of Southold, in the County of Suffolk, New York (herein called the "Town"), is hereby authorized to acquire equipment for use by the Town Highway Department, . . as follows: (i) a Street Sweeper, at the estimated maximum cost of $170,000; and (ii) a Payloader, at the estimated maximum cost of $140,000. The estimated total cost ofthe both items of said specific object or purpose, including preliminary costs and costs incidental thereto and to the financing thereof, is $310,000 and said amount is hereby appropriated therefor. The plan of financing includes the issuance of $310,000 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. Serial bonds ofthe Town in the principal amount of $310,000 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. The following additional matters are hereby determined and declared: (i) The period of probable usefulness applicable to both items of the specific object or purpose for which said serial bonds are authorized to be issued, within the limitations of Section 11.00 a. 28 of the Law, is hereby determined to be five (5) years. The proceeds of the bonds herein authorized, and any bond anticipation notes issued in anticipation of said bonds, may be applied to reimburse the Town for expenditures made after the effective date of this resolution for the purpose for which said bonds are authorized. The foregoing statement of intent with respect to reimbursement is made in conformity with Treasury Regulation Section 1.150-2 of the United States Treasury Department. The Town Board of the Town, acting in the role of Lead Agency pursuant to the provisions of the New York State Environmental Quality Review Act ("SEQRA") has heretofore . . determined that each specific object or purpose herein above described in Section I is a Type 1I Action as defined in said Act and the Regulations promulgated thereunder and no further review is required. The proposed maturity of the bonds authorized by this resolution will not exceed five (5) years. Each of the bonds authorized by this resolution, and any bond anticipation notes issued in anticipation of the sale of said bonds, shall contain the recital of validity as prescribed by Section 52.00 of the Law and said bonds, and any notes issued in anticipation of said bonds, shall be general obligations of the Town, payable as to both principal and interest by general tax upon all the taxable real property within the Town without limitation of rate or amount. The faith and credit of the Town are hereby irrevocably pledged to the punctual payment of the principal of and interest on said bonds, and any notes issued in anticipation of the sale of said bonds, and provision shall be made annually in the budget of the Town by appropriation for (a) the amortization and redemption of the bonds and any notes in anticipation thereof to mature in such year and (b) the payment of interest to be due and payable in such year. Subject to the provisions ofthis resolution and of the Law and pursuant to the provisions of Section 21.00 relative to the authorization of bonds with substantially level or declining annual debt service, Section 30.00 relative to the authorization of the issuance of bond anticipation notes and Section 50.00 and Sections 56.00 to 60.00 ofthe 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 ofthe Town. . . 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: such obligations are authorized for an object or purpose for which the Town is not authorized to expend money, or the provisions oflaw which should be complied with at the date of the publication of such resolution, or a summary thereof, 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 such obligations are authorized in violation of the provisions of the constitution. This bond resolution is shall take effect immediately. * * * P!r~~Q."Q~fJ.. Elizabeth A. Neville Southold Town Clerk . . l:\:;cv,J 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 (631) 765-6145 Telephone (631) 765-1800 southoldtown.northfork.net OFFICE OF THE TOWN CLERK TOWN OF SOUTHOLD THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION NO. 188 OF 2004 WAS ADOPTED AT THE REGULAR MEETING OF THE SOUTHOLD TOWN BOARD ON MARCH 9, 2004: WHEREAS the Town Board ofthe Town of South old has received and reviewed information and materials regarding the acquisition of a street sweeper and payloader for the Town Highway Department, now therefore be it RESOLVED that the Town Board ofthe Town of Southold, actin!! in the role of Lead A!!ency pursuant to the provisions of the New York State Environmental Ouality Review Act (SEORA) Rules and Re!!ulations, hereby determines that the acquisition of a street sweeper and payloader for the Town Hi!!hway Department referred to above is a Type II Action and that no further review is required. P&j'".(~a~....t',l,. Elizabeth A. Neville Southold Town Clerk . . DELAFIELD &WOODLLP PHONE (212) 820-9300 FAX (212) 514-8425 67 WALL STREET NEW YORK, NY 10005 ININW.HDW.COM MAR 5': NEW YORK WASHINGTON NEWARK HARTFORD LOS ANGELES SACRAMENTO SAN FRANCISCO Telephone: (212) 820-9416 Facsimile: (212) 820-9603 E-mail address: gfernandez@hdwcom March 9,2004 Town of South old, New York $310,000 Serial Bonds for Highway Department Equipment (Our File Designation: 2615/015493) Mr. John A. Cushman Town Comptroller Town of Southold Feather Hill, Building 10 620 Traveller Street Southold, New York 11971-0959 Dear John: Pursuant to your request, I have prepared and enclose herewith the draft Extract of Minutes of the Town Board meeting to be held on March 9, 2004, showing adoption of the bond resolution authorizing the above referenced Bonds and the resolution for its publication, in summary, together with the statutory form of notice, in the official Town newspaper, "The Suffolk Times". May I call your attention to Section 3(a) of the bond resolution determining that the period of probable usefulness is limited to five (5) years. Please note that the bond resolution is to be adopted by at least a two-thirds vote of the entire membership of the Board of Trustees. In addition, I have enclosed extra copies of the bond resolution, in summary, together with the statutory form of notice for your convenience in publishing You will recall that publication of the summary of the bond resolution with such notice, as herein prescribed, commences a 20-day period of limitation to contest the resolution on other than a constitutional basis; a constitutional challenge may be commenced at any time. 445986.1 026031 RES . . Please obtain and forward to me a certified copy of the Extract of Minutes and an original Affidavit of Publication, when available. Thanking you and with kind regards, I remain .. G GF, Jr./dfg Enclosures 445986.1 026031 RES