2013-1192013-119
Resolution Authorizing Temporary Borrowing from the United Wappinger Sewer
Operational Account
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 Apri18,
2013.
The meeting was called to order by Barbara Gutzler, Supervisor, and upon roll being
called, the following were present:
PRESENT: Supervisor
Councilmembers
ABSENT:
Barbara Gutzler
William H. Beale
Vincent F. Bettina
Ismay Czarniecki
Michael Kuzmicz
The following Resolution was introduced by Councilman Beale and seconded by
Councilman Bettina.
WHEREAS, by Resolution 2012-332 dated December 10, 2012, the Town Board
authorized the issuance of $385,000.00 in Serial Bonds to be issued by the Town to pay for the
increase and improvement of the facilities of the United Wappinger Sewer District (UWSD) in
connection with certain improvements required at the Wappinger Creek Pump Station which
serves the Tri-Municipal Sewer Plant; and
WHEREAS, the Accountant to the Town has advised the Town Board that there are fund
balances within the United Wappinger Sewer Operational account which could be temporarily
loaned to pay for the first round of improvements to the Wappinger Pump Station.
NOW, THEREFORE, BE IT RESOLVED, as follows:
1. The recitations incorporated above set forth are incorporated in this Resolution as
if fully set forth and adopted herein.
2. The Town Board, rather than go through the expenses of issuing bonds to fund the
payment of initial costs of the first round of improvements to the Wappinger
Pump Station, the Town Board hereby authorizes the Supervisor to temporarily
borrow up to $385,000.00 from the United Wappinger Sewer Operational account
to pay a portion of Wappinger's share of the improvements to the Wappinger
Pump Station.
3. The Town Board directs that any funds temporarily borrowed from the United
Wappinger Sewer Operational account shall be reimbursed to said United
Wappinger Sewer Operational account prior to December 31, 2013 together with
interest at the rate of .3% per annum pro-rated to date of payment.
The foregoing was put to a vote which resulted as follows:
BARBARA GUTZLER, SUPERVISOR Voting: AYE
WILLIAM H. BEALE, COUNCILMAN Voting: AYE
VINCENT F. BETTINA, COUNCILMAN Voting: AYE
ISMAY CZARNIECKI, COUNCILWOMAN Voting: AYE
MICHAEL KUZMICZ, COUNCILMAN Voting: AYE
Dated: Wappingers Falls, New York
4/8/2013
The Resolution is hereby duly declared adopted.
STINE FULTON, TOWN CLERK