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Untitledcm 90427-318P At a_ rlar�y meeting of the Town Foard cf the moon cf WarFinger, Dutchess County, New York, held at yjappjngers_F.4l2.s_ _ _ _ _ _ _ , in Dutchess Co,. New York, in sa:d Town, on February 14, 1983, at _ 8:00 o'clock P.x., Prevailing T'me. The meeting was called to order by Supervisor Diehl_, and upon rcll. heing called, the following were PRESENT: Louis Diehl, Supervisor ,Jicholas Johnson, Councilman .Gerard McCluskey, Councilman Bernice Mills, Councilwoman Francis Versace, Councilman AESENT: None The following resolution was offered by Councilman _ Johnson who moved its adoFticn, seconded by o� Supervisor Diehl tc-wit. BOND RESOLUTION DATED FEBRUARY 14 , 19.83. A RESOLUTION AUTHCRIZING THE CONSTRUCTION OF A DEPENDENT ADDITION TO THE HIGHWAY GARAGE IN AND FOR THE TOWN OF WAPPINGER, DUTCHESS CCUNTY, NEW YORK, AT A KAXIKUK ESTIMATED COST OF $49,950, AND AUTHCRIZING THE ISSUANCE OF $47,450 SERIAL BONDS AND $2,500 CAPITAL NOTES OF SAID TOWN TO PAY THE COST THEREOF. BE IT RESOLVED, by the Town Board of the Town of Wappinger, Dutchess County, New York, as follows: Section _1. The reconstruction of a dependent addition to the highway garage in and for the Town of Wappinger, Dutchess County, New York, at a maximum estimated cost cf $49,950, is hereby authorized. 2ecti2n_2_ The maximum estimated cost of such specific object 'or purpose is $49,950, and the plan for the financing thereof is as follows: a) By the issuance cf $47,450 serial bonds cf said Town, hereby authorized to be issued pursuant to the Local Finance Law; and b) By the issuance of $2,500 capital notes cf said Town hereby authorized to be issued pursuant to the local Finance Law. Such capital notes shall be sold at private sale and all further powers in connection with the details and the sale thereof are 'hereby delegated to the Supervisor, the chief fiscal officer, in accordance with. the Local Finance Law. Pursuant to Section 107.00 of the Local Finance Lau, the proceeds from the sale of such capital notes will be provided prior to the issuance cf the bonds herein -2- authorized or bond anticipation notes. Said capital notes 1r. shall constitute the down payment required by Section 107.00 of the Local Finance Law. Section ? It is hereby determined that the period of probable usefulness of the aforesaid specific object or purpose is twenty years, pursuant to subdivision 12(a)(1) of paragraph a of Section 11.00 of the Local Finance Law. It is hereby further determined that the maximum maturity of the serial bonds herein authorized rill exceed five years. It is hereby further determined that no other capital improvements have been made to the Town highway garage during the fiscal year commencing January 1, 1983. 2eg1jon__4_ Subject to the provisions of the Local Finance Zaw, the power to authorize the issuance of and to sell bond antics: atioh notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated to the Supervisor, the chief fiscal officer. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said Supervisor, consistent with the provisions of the Local Finance Law. Section 5. The faith and credit of said Town of Wappinger, Dutchess County, New York, are hereby irrevocably pledged to the payment of the principal of and interest on such obligations as the same respectively become due and payable. An annual appropriation shall be made in each Year sufficient to pay the principal of and. interest on such obligations becoming due and payable in such year. -3 - Section 6. The validity of such bonds, bond anticipation notes and capital notes may be contested only if: 1) Such obligations are authorized for an object or purpose for which said Town is not authorized to expend money, or 2) The provisions of law which should be complied with at the date of publication of this resolution are not substantially complied with, and an action, suit or proceeding contesting such validity is ccnrenced within twenty days after the date of such publication, or 3) Such obligations are authorized in violation of the provisions of the Constitution. Section 7. Upon this resolution taking effect, the same shall be published in full in &_3_n.News , the official newspaper, together with a notice of the Town Clerk in substantially the form provided in Section 81.00 of the Local Finance law. Section Q. This resolution is adapted subject to permissive referendum in accordance with Section 35.00 of the Local Finance Law. -4 - The question of the adoption of the foregoing resolution was *#AW duly put to a vote on roll call which resulted as fcllows: _Su]2ervisorDiehlVOTING _ \ye_ `Councilman_Tohnson_ VOTING _Councilman McCluskey VOTING Aye _+ _Councilwoman MillsVOTING _ Aye Councilman_ VersaceVOTING _ Aye The resolution Was thereupon declared duly adopted. STATE OF NEW YORK ) ss.: CCUNTY CF DUTCHESS ) I, the undersigned Clerk of the Town of Rappinger, Dutchess Ccunty, New York, DO HEREBY CERTIFY: That I have compared the annexed extract of the minutes of the meeting of the Town Board of said Town, including the resolution contained therein, held cn the 14th day cf February, 1983, with the original thereof on file in my office, and that the same is a true and correct transcript therefrom and of the whole of said original so far as the same relates to the subject matters therein referred to. I FURTHER CERTIFY that all members of said Beard had due nctice of said meeting. I FURTHER CERTIFY that, pursuant to Section 99 of the Public Officers law (Open Meetings Law), said meeting was open tc the general public. I FURTHER CERTIFY that, PRIOR to the time of said meeting, I duly caused a public notice of the time and place of said meeting to be given to the following newspapers and/cr news media as follows: Newsparer_and/or other_news_media Date ai_ven Town Board Regular Meetings were set for the 2nd Monday of every month at the Reorganizational Meeting held January 3rd, 1983. Notice was sent to the following papers and radio stations - January 4th, 1983 W & S D News Poughkeepsie Journal The Evening News WKIP Radio Station WBNR Radio Station WEOK Radio Station WWWI Radio Station I FURTHER CERTIFY that PRIOR to the time of said meeting, I duly caused public notice of the time and place of said meeting to he conspicuously posted in the following designated public location(s) on the following dates: Designated location(s) of_Fosted_Dotice __ Qate_of Posting Town Clerk's Bulletin Board January 4th, 1983 IF WITFESS WFERECF, I have hereunto set my hand and affixed the seal of said Town this 17th day of February, 1983. Town Clerk (SEAL)