1977-04-13 (2)ur'3 6 6 -c-
? 2.� ., - Supervisor Louis D. Diehl
S
Councilman Leif W. Jensen
Councilman Nicholas Johnson
y .
Councilman Louis C. Clausen
Councilman Francis Versace
r
LE IF W. JENSEN,
4
SUPERVISOR LOUIS D. DIEHL
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Dutchess County, New York, as
`inn z -l— 7
r :7
?%rater maills, Purnirl(T stca4-ionc
s associated
facilities, to serve the Central Wappinger Water Improvement
Area in said. Town, then--, shall be issued- an(" so -L-3 $211630,9.)o
determined that the Y)eI'-LUM. kj-
snecific oblect or nurnn7,t,- i7, f(-,,rt,,7 y,ars :),tr-liant t(,) su'l")7
T, ax .7
o'- naragraph a of Se-C-tiOl-I ll0r-r�'3 Ot-'-e I'Ocal
SPECIAL
DOcar-,. Of
a
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Y
ill
Sal',
01. 13th
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APRIL
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t-or�ler
SUPERVISOR
LOUIS D. DIEHL
AMT
? 2.� ., - Supervisor Louis D. Diehl
S
Councilman Leif W. Jensen
Councilman Nicholas Johnson
y .
Councilman Louis C. Clausen
Councilman Francis Versace
r
LE IF W. JENSEN,
4
SUPERVISOR LOUIS D. DIEHL
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Dutchess County, New York, as
`inn z -l— 7
r :7
?%rater maills, Purnirl(T stca4-ionc
s associated
facilities, to serve the Central Wappinger Water Improvement
Area in said. Town, then--, shall be issued- an(" so -L-3 $211630,9.)o
determined that the Y)eI'-LUM. kj-
snecific oblect or nurnn7,t,- i7, f(-,,rt,,7 y,ars :),tr-liant t(,) su'l")7
T, ax .7
o'- naragraph a of Se-C-tiOl-I ll0r-r�'3 Ot-'-e I'Ocal
2
sc—i-il bonds as a s-conrl series of bon,! -s, wl-iich s`. all matnrc�
)8q
o v- ars 1 7 n
$99,,000 in 197{;,
-93,000 in oach n'ti!.e vears j_gql to 2,1)(13, both J,.nclI-I.-J.v-y anC
$191,000 in 200/1, a --)O shall be consoli(",-vtf--;I issucs of
-vit' ri T i rob
sai'q 'TOX,7- -�r
determined that the period of probal.-le usefulness of the atorczsaia
ob.je-ct or -)nrnn�l�- i:-, fr-rt-,7 v"a-rc; �)iirmla.r)t to su!-)di'7'j- f-� i-
1 1, 71 1 -�
0� - - o j -
I- o'� nzar,--irrraph a of Sectj-071 L inar c( T, a`'17
co jtI,-) ori ' ant Sr) i'. (M,
to 1973, the 0,_ - j- _ of
froin dialy
notet is 1,,ereby further d e t e- rm. i n e- d that
i s s u e,� t'-'- e r e or . iJ. --
$40),000 serial bonds were is.que(j purrjj-,-t to ,aid authorization
as a .':..,rst series as a part. of a consolidated is sue of $1,27'5,,000
Public Improvery-tent (Serial) Bonds, 1974, dater -1, :March 1, 1974.
It is hereby further detormined that funds of said.
available from a source other than the of "on(Is or
pond anticipation notes in the amount of $70,000 were Dail-.. on
J4tav 17, 1976, and that further funds of sai,,! `. own, available
from a sourc- other than the proceeds of x)onds or bon(IT antici-
nation notes, in the amount of $100,000 will be naid on or
before Ilav 17, 1977, to nartiall�.;, rn(luce outstanding bond
'F said -or such nurposc--, such amounts
� i(I 'Pown f
anticination notes of
constituting the first two installments of the -,.)rinciT.)al ar(Iolint
ok sucl, JLa"L::JLediluss.
total aTnoiiiit- of serial LionO.s may !)e issued for the
aforesaid ohjlact or purpose is $2,630,000. �11 I e $2,630,00
serial bonds herein authorized to be issued and. consoli,laterl
as a second series constitute all of such balance.
Section 2. Of the 03,963,320 serial bonds authorizei by
bond resolution dated August 14, 1972, for the construction
of improverents in and for Wappinqer Sewer Im7rovemont No. 1
in said Town, there shall be issued. ansa sold 0,M3,000 Morial
bonds as a second series of boric, which shall mature $91,000
in 1075, 090,090 in 1979, V93,001 in 1981, 0100,110 in each
of the yoars 1981 and 19R2, 099,000 in each of the years 1923
to 1985, both inclusive, ana $98,000 in each of the years 1996
to 2004, both inclusive, and shall he consolVated with othor
issues of bonds of said Town as hereinafter authorized. it is
4ereby Jetermine& that t pprio& of probo>la usefulness of th/'
aforesaik specific object or purnose is forty years purpuant to
subdivision 4 of naragraph a oT lection 11.10 ot the Local
Finance Law, comnuted from December 27, 1972, tAp Oat, of the
first bond anticivation note iosu,O thern5nr. It is hereby
further determined that $500,900 sorial bon0s war, issuerl
pursuant to saW authorization as a first sorieg as a nart of
a consolVated issue of 01,275J00 Public Improvament (Serial)
Bonds, 1974, dated "arch 1, 1974, W a 013,120 principal
payment was heretofore made in partial rQd"ction of a serios
of bonC anticipation notes issued in anticination of saiF first
series of bonds. It is hereby further determiroV that funds
OF jaiC `"own avaWahle from a source other thnn the procepis
of bonds or bond anticipation notes in the amount of 473,00,)
were paid on play 17, 1976, an6 that further funds of said Town,
available from a source of or than the urocoeGs of honds or
bond anticination notes, in the amount of llln,610 will Yn naUl
on or before lay 17, 1977, to partiillv rePuco outstansing bOr'
anticipation notes of saiF Tuvn for such ournose, such arounts
constituting the first two installments of the nrincinal of
4
such
inrltebteclness. 7`.i ter t,ie nlrri,}nt o:,
szic''
t(.)ta-I
a:',.'Iourt OF serllEil
'-on(I-!7, -,'!"-ic*i rivr 'y%
i.
a�7(-),--
saj..'
okj�-ct or
'15
,)onjs
her-3in aut',Iiori7c„-'
to i.sFineC an�'
con�(-J-L t.
i s a
5;c ond.
series aro a Tsar;-
n. (7 n
S(--c-tion 3). }.tic
4 1
1-- 13, 1972, -For the �`onstruc-or
i
resolution (�ate-
-
of a sewer system, consisting of main sewers, manholes, lateral
lines and a sewage disposal plant to sn=v- thn
District in said Town, th-re s-Tiall.
serial wilicil slhall n':
t I -i C I s J, V,
o t i., -�r
1'3 3 Q,7�
It s hrrebl., of�
Of -ho a sm-ciCic ohj"ct or p,ir-o7-- i forty ars
pursuatit to su) i-VAL lcl i 1)" 0' IP7` 0-157
the Local. Pinance 1,alv, from J�inuiqr7 27, 1 1) VS t
Of the first -anti(- ti on not
her-Iny furt!1Qr t'h,?',:. 'nnbs fid cIj_ 71 av -1 l a") I
from. a sourlcr' other till an thcl n—roce'-r" s -)I-
anticipation notes in the im-ount oF were paicI on ianuar-y
27, 1977, ansa that further funds, of sairl ITIr fI
a.Nviila'-le frOT,I
ti)'an proc--eC-s o' honds or ',.)on(1 antici-
nation notes, in the amount of $15,000 will be paid on or
-arl
(-T
or�forc2 'Iay 17, 1)77, to naxtiall,7 ou-,
l 4- " i n b?n(I
anticinat4 on notes of saj---' "'-Own for s3i'sTi c'i af'
t
_tU-tin,rT the --':'irst two infi,+-.allme1-)+-7; of t" -v' r)-rincil a �Imcun
of 3,1(--1
._ I
-- .1 indo
Section 4. Of the $173,375 sarial bonds autnorizeC 5y
a bond resolution dated July 14, 1975, for the construction
of additions to the surface drainage system of sail Town,
there shall be issued and sola Q55,00Q serial bonds, whioi
shall mature $5,400 in 1978, 35,500 in each of the years 1979
to 1982, both inclusive, and $5,^00 in each of Ae years 190
to 2004, both inclusive, an& shall be consolitatei wit> Ot or
issues Of bonds Of sai., Town as Aproi aftor a l'S norl :'.,o . It is
hereby determined that the perio6 of protea >lo usefulness Of the
aforesaid class of objects or purposes is forty years, pursuant
to subdivision 4 of paragraph a of Section ll_.no Of the Local.
Finance Lasa, computee from Decomher 24, 1975, the _gate of the
first ;Kona anticipation nota issued therefor. It is herehy
further determined that fun0s of saiC `'own, avail.a` to from a
source_` other than t : e pro ' is 1:1:`- honJi Or S'},;• n '::.'_.^.ination
notes, in the amount Of 715,900 will be i:3ai" on Or before
n
s
:gay 17, 1977 to partially reduce outtadi..ng
-- Kon<< anticipation
notes of said Town for such purposes, such Amount constitutircY
the first installment of the prircinal ar1onot or suc: inOebt^dnn ss.
It is hereby further stated that on Dei° h_-�1__,rr_ `'�' �. _, 1970 ,z Jaymcn::
in the amount of was $3,375 a��=.-alin
u ,.. in r_-ciuction. of •,onc7
anticipation notes then outstanCi.ng in anti_cination of hong s
authorizer? .for saij project, thus r^<.'.l, ci_rw t4v waount Of hon&s
Section 5. Of the 54.75,000 serial bonds autlorizeO by
hand anti capital note resolution 7atw ovn"`P"' `z
the construction O1 I`lc^.^'a.. sary works or 1 •.1.r=?].?"i:" aw rj'..Si.:."_n for
the protection a ' Maintenanc? OF `i'O:.n highways, t?'ir`re shall
he issued and sole, $30,000 serial bonds as a second series of
bonds, which shall mature $5,500 in 1973, $2,500 in 1979, ane'
$3,000 in each of the years 1980 to 2103, both inclusive, ane.
shall be consolidateO with other issues of boil(_?s of s if Town as
hereinafter c1l.Tt orizcJ. it is bcr-! y /_ at armi ne3 t at t ii.:�
?Jtriod of nrohablo usefulnegs of the afnrns i '- class of ohj rt_s
or purposes is thirty years pursuant to sLzhl ision 3 of
paragraph a of Section 11.00 of the Loc&_ Fi na nca law, camnutec!
from August 29, 1972, the taste oV t e first .7�n:'� ,� i �
-!' ai"it1Crt..rat1nl''
note issued t' ornfor. It is ?"errhv .Ft,1y-khor d-t arminv& that
?375,090 serial_ hnnC's were issued pursuant to soiP authorization
as a Tirst seritns as a part of a con qolVvtrV issue o"`' tl,?77,1' ''
Public jonrC>vono_nt (Serial on&q, 197A, d-itai Ntirc'_i 1, 1978.
It is hereby further Wtarnirej that flln0s of sail Town avai�.� k:)
frau a source other than the proceeds of bones or bond anticipation
notes in the amount of $10,000 were pai& on Oct n"or_ 1, 1970,
and that further fume?.r of said Town, av i 7 h le from a sourv'
ot4er than the proceeds oK bcn�s or hong_ an.tici.na t inn notes,
in the amount of n17,000 will he PAC: on or before -ay 17, 1977,
to partially ra uc<'_ out stanOino honC9 antic i-atiorn notes of sai-I
'mown for such purposes, such amounts const'.itutinn the fid' at two
installments of the principal amount of uc4 ins alt eOness.
after such payments, the total amount of serial bon0s whic`n
may be issued for the aforesaid objects or purposes is bu,uou.
The "120,000 serial bonds herein authorize' to W i sun C.
and consolidated as a socon- sr: is , coasLituto all a= say__
ala n r_, e .
Section 6. Of the 0190,000 serial honAs authorinaR h-
hone' resolution dated June 11, 1973, for the construction of
6rainagn facilities in ane' for said To"n, thorn stall be
issued and sold 0105,000 serial hWq, which sKall mature
$6,100 in 1973, $6,000 in 1979, 15,500 in each of the years
1930 to 1982, both inclusive, and $6,200 in each of the years
1933 to 2004, both inclusive, an& shall to cnnsoli&ated wit'i
other issues of bon6s of said Town as hereinafter avthoK7P&.
It is hereby datorminei that tho oerio_�. or_ nroPanle unafninoys
of the aforesaiO class of ohjncts or qnrnnies is thirty years,
pursuant to sabOi-vrision 3 of naragranh a of Section 11.00 of
the Local Finance Law, commute K from Ju17 3, 197A, the date of
the first bond anticipation note issuetKerefor. it is hereby
further determined that funCs or saiTown, availaOlo from a
source other than the proceeds of bonds or bon& anticipation
notes, in the amount of $10,0?0 were PAO on Ma- 17, 1976, an(:`
that further funds of saiO noxqn, availahlc from a source othar
than the proceeds of bonVs or bond anticipation notes, in the
amount of $15,000 will ha qviC on or beforo !av 17, 1977 to
partially reduce outstanCing bon& anticipAtion notes of sai---
Town for such purposes, such amounts constitutinq the first
two installments of the principal amount of such indebtedness.
Section 7. The serial bonds Qascribein We preceding
purposes of sale into one bond issue, aggregating $6,035,000.
Such bonds shall each he OnsWateO sWqtartiall- P99TTO Iq-
PDOVAuRAT (SERIAL) BOAD, 1977, shall hr Rated Aay 1, 1977,
shall be of the denomination of $5,001 eaW. sNall bis numharer!
1 to 1,207, both inclusive, W s%all mat"r, it num-rical W",--
in the amount of $210,000 on Aay 1 in each of tic vnars 1972
anO 1979, 0215,009 on lay I in 1091, and $225,0q! on lay I
in oach of the years 1Q?l to 2101, hnt4 inclunive. with intore9t
tHeraon payable Nounrbar 1, 1977, and spai-innuallw thereaftor
on lay 1 anO November 1. Such bonOs shall N-ar interest a,.-,
such rate as may ho nncp3sarl- tn s, .l th- swTo, YhWi ratn shall
be 6ete7m11.,rd in thn fonncr nrnvileF in Secti-n 11,19 oF t>q AoCa-j,
Finance Law. Ruch ''OU- shall bn in hearor cou-nn form witi KV�,
privilnqP of convor3ion into bnris rPqjqVer-Q as hn of orinci-n
and i"tarnst, ane ahall be pana"In as t- hnth -Knci--1 an:`.
interest in lawful money of the UnitcO Statns of Amprica at
"arine Midland Bank in Wappingers Falls, New York, or, at the
option of the holder, at 4arine "Klan6 Bank in New York, New
York, which by contract are the payinq aunntQ of thn issuer.
The afornsaij matnritirs conititnte t agorannt, o" th-
indiviCual mat arities of n4cA se.parstr ia-io, -"Tv4 inOjviOy7',.
natirities are prescriKod in t4p prarilip- onatinna hQrrn7.
Such hon0s shall Do sig on in t"r nnmn of sair "owr o! "a-yingono
nutchess Count7, �nw VorV, 5v its Supp rvigor, or' a Tacsimilr�
of its corporate soil shall be imprinted thereon an6 attost2-'
by its Town CIPA, and the int ernst cou,ons shall hoar t� r,
facsimiln signature of sail Supervisor.
Section 8, All other matters, excnpt as nroviKnO heroin
relating to such nonds, snali 00 LeLcrmino" "y &,v
Such bonds shall contain suh7tantially thn rncital of valiCiV.,
clause proviOnd for in Section U.11 of thn TnPal vine -cc La,7
and shall otherwise ba K s"ch form an& contain surl rqcitals,
in addition to those requiraby Section 51.00 of the Local
Finance Law, as the Supervisor shall Peteryine.
'i - C ,-,i � ()4-
Sec�tion 9 faitli.
Putch- - r
-�ss Count� A-7
of on,
a
due, ants <`In ai-inua!
aporoori�ition shall I)e T!la.041' in vt-,-r
"rinci.,)al or an," Oll.rl^r7,I-7al, J, -
in such w�ar.
Se(_,tion 10. 7`1, ar'1 n'. a,IvI-rti�--in(l suc'i
for sal,n, conrIl-wtin(T 'r,7ar,:L C 4 )onC�, aro
i_lnrehy de-legatr-C to sunorvi-F,nr �v. ver} -J- sun:, . is
,-,)r saln F
as IneSi1_C1-) _nr 4.-.11C' r N7
_11 e m
r� r ci -s e o o r s a" !,
flow -- ve r t t n t 1 PS'� At( CTT
--1
,::ol,tply full" To7it"', rov i ri a. s of 11in n r—
j,aw aljr,
L
any ord-r or rule o.L'- tInC, "'I't ate to -t�!e
salri of- -'qunicinal I)on(II-s. oF, Stv)-?nri,or 511,-111
a full ac(-Iuittance. t_o I: '1a purcl,asnr of. Su(__71 - w,!. in
5,�, obliqe�c� to sit '1' 1-o t'ir�
Section 11. r(,;rAuti", ";!:-"-)31 ta� iT I MD C i �f_l to I
IT" (,. I ". - - - I-`,(! a('or)-f-inn of -
r st i i�
Tw -(.)n or
T�a�3 c'lulv nut to P. vol f', on rol.11 c-1.1.1 �^I 1.a a:,-; -Follow.,
Councilman Jensen
AYE
Councilman Johnson
Aye
Supervisor Diehl AYE
CoLMcilman Clausen ABSENT
COUNCILMAN VERSACE
" )'VT - -i ABSENT
7 T -ie.
1 I I I 3_f 1
:Ir , - _)rAncTor, PutcheSS
0 t! T - n
_j:-� r n r� � - - - 1. r
t".) 0, 11, _. 71. r7 I r, - " -
Yorl,
thr�
1111hat co!,A;-)aroii co,�
t'v- -,,-,cotina of the Own Boar:'. o- sai(7 To.Tm, inclu:Jinq 1"l',''
resolution
con.tainp-c,
t`ieroin, 1 -'el -7
on
13th
Aa,7
o-5'
APRIL
1977
1-977, wiLh
tli(,'hof On
8,
111V 0 -f-
'Ice,
'111(1
April
tI.ic� same is a true and correct co,)il 0 sai i Ori.Ui 1-1
whole of sai 'Cl ori,iiai so -11-7:�,r
4 -;,tat all mv-1! '-,a(.'
,j()ti(.c`
sair,t m.eetin(T anC, tlAaL, rj
t
ar L_
ivc�n
j?,f,ii.c
cv7-�,�Icers 1,aw (0i_ C
T
8,
1977
t
T
8,
1977
SOUTHERN DUTCHESS NEWS ( W &
S D NEWS)
April
8,
1977
Radio Stations: WHPN, WEOK,
of
SEli.,
8,
1977
aivl/or oth—,
,eWSOW�ers an(Vor ot'Aer
T) a, t o
ivc�n
BEACON EVENING NEWS
April
8,
1977
Poughkeepsie JOURNAL
April
8,
1977
SOUTHERN DUTCHESS NEWS ( W &
S D NEWS)
April
8,
1977
Radio Stations: WHPN, WEOK,
WBNR, WKIP
April
8,
1977
to tiv�
p 0 -irl c,
r., n',,- c_ t CY
-)n t, -In 4 - -V i -,-. �- ', oi
m �i c r n(.�,J. ce
m j
T!oc'!�tiOn Of Ct,0':
ns�_ee., notim CT n( _c�
1)ate ("iven
—
Town Hall of the Town of Wappinger Posted: April 7, 1977
Town of Wappinger Town Clerks Bulletin Board April 7, 1977
I'i,TIl_P,'i"SS 1 1-1,1 -fixed
o vr� hr=,_u-itn s,,,t rii,7 .0 , -)nO af I
the seal of said Town this 14th day of April , 1977.
C.
(,SEAL)
Town