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Posted on: December 30, 2021

Estoppel Notice Bond Dump Truck 12/22/2021

NOTICE OF BOND RESOLUTION

 

         NOTICE IS HEREBY GIVEN that the bond resolution, a summary of which is published herewith, has been adopted by the Town Board of the Town of Red Hook, Dutchess County, New York on the 22nd day of December, 2021, and the validity of the obligations authorized by such resolution may be hereafter contested only if such obligations were authorized for an object or purpose for which the Town of Red Hook is not authorized to expend money or if the provisions of law which should have been complied with as of the date of publication of this notice were not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty (20) days after the date of publication of this notice; or if such obligations were authorized in violation of the provisions of the Constitution of New York.

  Deanna Cochran, Town Clerk

  Town of Red Hook

 

BOND RESOLUTION DATED DECEMBER 22, 2021

 

A RESOLUTION AUTHORIZING THE  ISSUANCE OF SERIAL BONDS OF THE TOWN OF RED HOOK DUTCHESS COUNTY, NEW YORK IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $200,000 PURSUANT TO THE LOCAL FINANCE LAW TO FINANCE ACQUISITION OF A DUMP TRUCK AT A MAXIMUM ESTIMATED COST OF $270,000, AND DELEGATING CERTAIN POWERS IN CONNECTION THEREWITH TO THE TOWN SUPERVISOR  

 

            Objects or purposes:  The Bond Resolution authorizes acquisition of a dump truck with plow and wing assembly for maintenance purposes, at an estimated maximum cost of $270,000.  The aforesaid purpose constitutes a Type II action as defined under the State Environmental Quality Review Regulations, 6 NYCRR Part 617, which has been determined under SEQRA not to have a significant impact on the environment.

            Period of Probable Usefulness:  Fifteen (15) years pursuant to subdivision 28 of paragraph a of Section 11.00 of the Local Finance Law.  The obligations authorized by the Bond Resolution will not be in excess of five years from the original date of issuance of such obligations.

            Maximum Amount of Obligations to be issued:  The Town Board plans to finance a portion of the total cost of said purpose by the issuance of serial bonds of the Town in an amount not to exceed $200,000, authorized to be issued therefor pursuant to the Local Finance Law.  The remaining cost of the project is expected to be financed from other available funds.

            Delegation:  The power to authorize bond anticipation notes in anticipation of the issuance of the serial bonds authorized by this resolution, determine the form and terms of said serial bonds, and take certain other actions is delegated to the Town Supervisor, as Chief Fiscal Officer.

 

A complete copy of the Bond Resolution summarized above is available for public inspection during normal business hours at the office of the Town Clerk, located at the Town Hall, 7340 South Broadway, Red Hook, New York 12571.

 

Dated:  December 27, 2021

            Red Hook, New York

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