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Home My WebLink AboutTB-02/12/2009 ELIZABETH A. NEVILLE Town Hall, 53095 Main Road TOWN CLERK PO Box 1179 Southold, NY 11971 REGISTRAR OF VITAL STATISTICS Fax (631) 765-6145 MARRIAGE OFFICER Telephone: (631) 765 - 1800 RECORDS MANAGEMENT OFFICER southoldtown.northfork.net FREEDOM OF INFORMATION OFFICER OFFICE OF THE TOWN CLERK SOUTHOLD TOWN BOARD SPECIAL MEETING MINUTES February 12, 2009 3:00 PM A Special Meeting of the Southold Town Board was held Thursday, February 12, 2009 at the Conference Room, 53095 Main Road, Southold, NY. Supervisor Russell opened the meeting at 3:00 PM with the Pledge of Allegiance to the Flag. I. Call to Order 3:00 PM Meeting called to order on February 12, 2009 at Conference Room, 53095 Route 25, Southold, NY. Attendee Name Organization Title Status Arrived William Ruland Town of Southold Councilman Present Vincent Orlando Town of Southold Councilman Present Albert Krupski Jr. Town of Southold Councilman Present Thomas H. Wickham Town of Southold Councilman Absent Louisa P. Evans Town of Southold Justice Absent Scott Russell Town of Southold Supervisor Present Elizabeth A. Neville Town of Southold Town Clerk Present Patricia A. Finnegan Town of Southold Town Attorney Present V. Resolutions 2009-157 CATEGORY: Retirement/Resignation DEPARTMENT: Accounting Accepts the Resignation of Kieran Corcoran, from the Position of Assistant Town Attorney, in the Office of the Town Attorney RESOLVEDaccepts, with regret, the that the Town Board of the Town of Southold hereby resignation of Kieran Corcoran, from the position of Assistant Town Attorney, in the Office of the Town Attorney , effective March 1, 2009. February 12, 2009 Page 2 Minutes Southold Town Board Meeting ? Vote Record - Resolution RES-2009-157 ? Adopted Yes/Aye No/Nay Abstain Absent ?? Adopted as Amended ? ? ? ? William Ruland Voter ?? Defeated ???????? Vincent Orlando Seconder ?? Tabled ???????? Albert Krupski Jr. Initiator ?? Withdrawn ???????? Thomas H. Wickham Voter ?? Supervisor's Appt ???????? Louisa P. Evans Voter ?? Tax Receiver's Appt ???????? Scott Russell Voter ?? Rescinded 2009-158 CATEGORY: Employment - Town DEPARTMENT: Accounting Hire Jennifer Andaloro as Assistant Town Attorney RESOLVEDappoints Jennifer that the Town Board of the Town of Southold hereby Andaloro to the position of an Assistant Town Attorney for the Town of Southold, effective March 9, 2009, at a rate of $85,000.00 per annum. ? Vote Record - Resolution RES-2009-158 ? Adopted Yes/Aye No/Nay Abstain Absent ?? Adopted as Amended ? ? ? ? William Ruland Seconder ?? Defeated ???????? Vincent Orlando Initiator ?? Tabled ???????? Albert Krupski Jr. Voter ?? Withdrawn ???????? Thomas H. Wickham Voter ?? Supervisor's Appt ???????? Louisa P. Evans Voter ?? Tax Receiver's Appt ???????? Scott Russell Voter ?? Rescinded 2009-159 CATEGORY: Bond DEPARTMENT: Town Clerk Bond - Open Space Bond RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED FEBRUARY 12, 2009, ACKNOWLEDGING AND ACCEPTING THE REPORT OF THE TOWN SUPERVISOR PURSUANT TO TOWN LAW SECTION 64-E. Recitals February 12, 2009 Page 3 Minutes Southold Town Board Meeting WHEREAS, the Town of Southold, in the County of Suffolk, New York (the “Town”) has heretofore authorized the acquisition of land pursuant to General Municipal Law section 247 and authorized the issuance of indebtedness to finance such land acquisition; WHEREAS, pursuant to Town Law section 64-e, the Town Supervisor has prepared or caused to be prepared a report demonstrating how such indebtedness will be repaid by the Town’s Community Preservation Fund, heretofore established pursuant to Local Law 12 of 1998. Now therefore, be it RESOLVED BY THE TOWN BOARD OF THE TOWN OF SOUTHOLD, IN THE COUNTY OF SUFFOLK, NEW YORK (by the favorable vote of not less than two-thirds of all the members of said Town Board), AS FOLLOWS: Section 1. The Town of Southold, in the County of Suffolk, New York (herein Exhibit A called the “Town”), hereby acknowledges and accepts the report annexed hereto as prepared by or on behalf of the Town Supervisor, which report demonstrates how such indebtedness will be repaid by the Town’s Community Preservation Fund (“CPF”), established pursuant to Local Law 12 of 1998; including an estimate of projected revenues of the fund during the period of indebtedness, an accounting of all other indebtedness incurred against the fund to be repaid for the same period, and finding that there will be sufficient revenue to repay such indebtedness in its entirety from the fund. Exhibit B Section 2. Attached hereto as is a list of the parcels to be acquired, subject to a public hearing required by section 247 of the General Municipal Law, and financed by indebtedness and/or paid from other funds of the Town, including moneys presently held in the CPF. Section 3. This resolution shall take effect immediately. EXHIBIT A TOWN OF SOUTHOLD, NEW YORK February 12, 2009 Page 4 Minutes Southold Town Board Meeting DEBT SERVICE COVERAGE PROJECTION OPEN SPACE PRESERVATION PROGRAM (a) (a) (b) (c) PROJECTED 2007 2008 2009 TOTAL ESTIMATED DEBT TOWN TOWN TOWN DEBT CPF SERVICE Year BOND BOND BOND SERVICE REVENUES COVERAGE 2009 $ 758,610 $ 575,295 $ 373,000 $ 1,706,905 $ 4,500,000 2.64 2010 743,880 564,279 373,000 1,681,158 4,500,000 2.68 2011 728,926 553,263 373,000 1,655,189 4,500,000 2.72 2012 713,749 563,023 373,000 1,649,772 4,590,000 2.78 2013 742,225 551,159 373,000 1,666,384 4,681,800 2.81 2014 725,153 539,295 373,000 1,637,447 4,775,436 2.92 2015 708,080 548,207 373,000 1,629,287 4,870,945 2.99 2016 691,008 535,495 373,000 1,599,503 4,968,364 3.11 2017 717,686 522,783 373,000 1,613,469 5,067,731 3.14 2018 698,714 530,847 373,000 1,602,561 5,169,086 3.23 2019 679,742 517,287 373,000 1,570,029 5,272,467 3.36 2020 660,770 503,727 373,000 1,537,497 5,377,917 3.50 2021 641,798 510,943 373,000 1,525,741 5,485,475 3.60 2022 622,826 496,535 373,000 1,492,361 5,595,184 3.75 2023 647,506 482,127 373,000 1,502,633 5,707,088 3.80 2024 626,639 488,397 373,000 1,488,035 5,821,230 3.91 2025 605,771 472,906 373,000 1,451,678 5,937,654 4.09 2026 584,904 456,939 373,000 1,414,843 6,056,408 4.28 2027 564,036 440,734 373,000 1,377,770 6,177,536 4.48 2028 543,169 445,376 373,000 1,361,545 6,301,086 4.63 2029 522,301 428,266 373,000 1,323,567 6,427,108 4.86 2030 501,434 411,155 373,000 1,285,589 6,555,650 5.10 Total $ 14,428,927 $ 11,138,033 $ 8,206,000 $ 33,772,960 $ 118,338,164 (a) Represents principal and interest due. (b) $5,000,000 bond issue at estimated interest rate of 4.50% (c) Calculated at 60% of CPF Revenues in 2008 - assuming no growth through 2011 and then increasing at a rate of 2% per year. The balance of CPF revenues is to be set aside to pay salaries, stewardship expenses, PILOT payments, etc. Prepared by Munistat Services, Inc. Port Jefferson Station, N. Y. 20509 EXHIBIT B Estimated Purchase SCTM # Name Price Parcels Under Contract February 12, 2009 Page 5 Minutes Southold Town Board Meeting 19.-1.-14.7 C.W. Francis & Son, Inc. $1,788,720 86.-1-10.9 ZIP Peconic Wells LLC 2,407,000 Offers accepted, but not yet under contract Parcel A 27.32 acres 562,500* Parcel B 17.50 acres 1,172,500 Exhibit Total $5,930,720 * partnership with County ? Vote Record - Resolution RES-2009-159 ? Adopted Yes/Aye No/Nay Abstain Absent ?? Adopted as Amended ? ? ? ? William Ruland Initiator ?? Defeated ???????? Vincent Orlando Seconder ?? Tabled ???????? Albert Krupski Jr. Voter ?? Withdrawn ???????? Thomas H. Wickham Voter ?? Supervisor's Appt ???????? Louisa P. Evans Voter ?? Tax Receiver's Appt ???????? Scott Russell Initiator ?? Rescinded II. Motion To: Adjourn Town Board Meeting COMMENTS - Current Meeting: RESOLVED that this meeting of the Southold Town Board be and hereby is declared adjourned at 3:12 P.M. * * * * * Elizabeth A. Neville Southold Town Clerk RESULT: ADOPTED [UNANIMOUS] MOVER: William Ruland, Councilman SECONDER: Albert Krupski Jr., Councilman AYES: William Ruland, Vincent Orlando, Albert Krupski Jr., Scott Russell ABSENT: Thomas H. Wickham, Louisa P. Evans