2009-2252009-225
Resolution Authorizing Road Resurfacing Projects, Including Repair of Curbs and
Drainage, to be Paid from Unspent Borrowings
At a regular meeting of the Town Board of the Town of Wappinger, Dutchess County,
New York, held at Town Hall, 20 Middlebush Road, Wappingers Falls, New York, on July 13,
2009.
The meeting was called to order by Christopher Colsey, Supervisor, and upon roll being
called, the following were present:
PRESENT: Supervisor
Councilmembers
ABSENT:
Christopher J. Colsey
William H. Beale
Vincent F. Bettina
Maureen McCarthy
Joseph P. Paoloni
The following Resolution was introduced by Councilwoman McCarthy and seconded by
Councilman Bettina.
WHEREAS, pursuant to Bond Resolution 2003-145, the Town Board authorized the
issuance of up to $3,300,000.00 in Serial Bonds to pay the costs of paving, repaving or
resurfacing of various Town roads; and
WHEREAS, pursuant to said Bond Resolution 2003-145, the Town borrowed
$2,080,000.00 of which $459,134.99 remains unspent; and
WHEREAS, pursuant to Bond Resolution 2006-174 adopted July 8, 2006, the Town
Board authorized the issuance of up to $402,000.00 to pay the cost of reconstruction of various
Town roads; and
WHEREAS, pursuant to said Bond Resolution 2006-174, the Town borrowed
$402,000.00 of which $202,475.00 remains unspent; and
WHEREAS, pursuant to Bond Resolution 2008-208, dated August 11, 2008, the Town
authorized the issuance of up to $209,000.00 to pay the cost of paving and resurfacing various
Town roads; and
WHEREAS, pursuant to said Bond Resolution 2008-208, the Town borrowed
$209,000.00 of which $89,346.00 remains unspent; and
WHEREAS, the remaining cash balances unspent from the above three borrowings
amounts to $750,955.99 which is available for paving, repaving and resurfacing and
reconstruction of Town roads (including associated curbing and drainage); and
WHEREAS, all of the Serial Bonds issued pursuant to the above referenced Bond
authorizations have gone to permanent financing; and
WHEREAS, by Resolution dated May 26, 2009, the Town Board has previously
authorized the expenditure of up to $250,000.00 for the reconstruction of curbs and the repaving
of roads in the Rockingham 1 and Rockingham 2 Subdivisions; and
WHEREAS, on June 8, 2009, the Town Board has authorized up to $400,000.00 to pave,
repave and reconstruct various Town roads in accordance with the memo from Graham Foster,
Highway Superintendent, dated May 27, 2009; and
WHEREAS, the sums needed to repair the curbs and roads in the Rockingham 1 and 2
Subdivisions and resurface the other roads in the Town can be paid from the unspent Bond
proceeds issued pursuant to Bond Resolutions 2003-145, 2006-174 and 2008-208.
NOW, THEREFORE, BE IT RESOLVED, as follows:
1. The recitations above set forth are incorporated in this Resolution as if fully set
forth and adopted herein.
2. The Town Board hereby acknowledges and confirms that no additional
borrowings will be required for the costs of repairing the curbs and resurfacing
the roads in Rockingham 1 and 2 Subdivisions as well as the paving, repaving and
resurfacing of other Town roads, and such costs are hereby authorized to be paid
out of the cash balances from the above referenced borrowings, up to a maximum
cost of $650,000.00.
3. The Town Board further authorizes that any remaining cash balances from the
above referenced borrowings shall be applied to debt service payments due.
The foregoing was put to a vote which resulted as follows:
CHRISTOPHER COLSEY, SUPERVISOR
Voting:
AYE
WILLIAM H. BEALE, COUNCILMAN
Voting:
AYE
VINCENT F. BETTINA, COUNCILMAN
Voting:
AYE
MAUREEN McCARTHY, COUNCILWOMAN
Voting:
AYE
JOSEPH P. PAOLONI, COUNCILMAN
Voting:
ABSENT
Dated: Wappingers Falls, New York
7/13/2009
The Resolution is hereby duly declared adopted.
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-JOHN C. MASTERSON, TOWN CLERK
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