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Amending Bond Resolution for Highway Facilities


Type: 
Legal Notice
Date: 
Jun 22 2022

TOWN OF CLARENCE

LEGAL NOTICE

 

The resolution, a summary of which is published herewith, has been adopted on May 25, 2022, and an abstract thereof has been published and posted as required by law and the period of time has elapsed for the submission and filing of a petition for a permissive referendum and a valid petition has not been submitted and filed.  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 Clarence, in the County of Erie, New York, 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 days after the date of publication of the notice, or such obligations were authorized in violation of the provisions of the constitution.

BY ORDER OF THE TOWN BOARD
OF THE TOWN OF CLARENCE

KAREN HAWES
Town Clerk

BOND RESOLUTION OF THE TOWN OF CLARENCE, NEW YORK, ADOPTED NOVEMBER 18, 2020 AND AMENDED MAY 25, 2022, AUTHORIZING THE CONSTRUCTION OF A NEW HIGHWAY BUILDING, INCLUDING SITE WORK AND OTHER RELATED OR ANCILLARY WORK REQUIRED IN CONNECTION THEREWITH; STATING THE ESTIMATED MAXIMUM COST THEREOF IS $23,000,000; APPROPRIATING SAID AMOUNT FOR SUCH PURPOSE, INCLUDING THE EXPENDITURE OF $3,300,000 IN OTHER AVAILABLE FUNDS TO PAY A PART OF SAID APPROPRIATION; AND AUTHORIZING THE ISSUANCE OF BONDS IN THE PRINCIPAL AMOUNT OF $19,700,000 TO FINANCE THE BALANCE OF SAID APPROPRIATION 

The object or purpose for which the bonds are authorized to be issued is the construction of a new Highway building, including site work and other related or ancillary work required in connection therewith.

The maximum principal amount of obligations authorized to be issued is $19,700,000, with $3,300,000 of the cost of the project to be paid from other available funds of the Town.

The period of probable usefulness is thirty (30) years.

A complete copy of the Bond Resolution summarized above shall be available for public inspection during normal business hours at the office of the Town Clerk, Town Hall, One Town Place, Clarence, New York.

 

             

 

 

BY ORDER OF THE CLARENCE TOWN BOARD

                                                                       Karen Hawes, Town Clerk

                                                                       June 22, 2022