VILLAGE OF WILLISTON PARK, NEW YORK
PLEASE TAKE NOTICE that on June 3, 2024, the Board of Trustees of the Village of Williston Park, in the County of Nassau, New York, adopted a bond resolution entitled: “Bond Resolution of the Village of Williston Park, New York, adopted June 3, 2024, authorizing the issuance of bonds in a principal amount not to exceed $16,075,000 to finance improvements to the Village water system, consisting of the construction of a treatment system for the removal of per- and polyfluoroalkyl substances at the Wells 1A and 2 facilities, stating the estimated maximum cost thereof is $16,075,000 and appropriating said amount for such purpose,” an abstract of such bond resolution, concisely stating the purpose and effect thereof, being as follows:
FIRST: AUTHORIZING the Village of Williston Park, New York to issue bonds in a principal amount not to exceed $16,075,000 pursuant to the Local Finance Law of the State of New York, to finance improvements to the Village water system, consisting of the construction of a treatment system for the removal of per- and polyfluoroalkyl substances at the Wells 1A and 2 facilities, including demolition of the existing Village highway building on the site and construction of a replacement Village highway building as an ancillary and necessary part of the water improvement project, and also including any other related costs in connection therewith. SECOND: STATING that the estimated maximum cost thereof, including preliminary costs and costs incidental thereto and the financing thereof, is $16,075,000; appropriating said amount for such purpose; STATING that the plan of financing includes the issuance of bonds in a principal amount not to exceed $16,075,000 to finance said appropriation, and the levy and collection of assessments and/or taxes on all the taxable real property in the Village to pay the principal of said bonds and the interest thereon as the same shall become due and payable; and STATING that it is expected that grant funds will be received from the New York State Environmental Facilities Corporation (EFC) through the Water Infrastructure Improvement Act (WIIA), and any such funds received from grants and/or other sources are hereby authorized to be applied toward the cost of said project or redemption of the Village’s bonds or notes issued therefor, or to be budgeted as an offset to the taxes to be collected for the payment of the principal of and interest on said bonds or notes; THIRD: DETERMINING and STATING that the period of probable usefulness applicable to the object or purpose for which $12,387,000 of said bonds are authorized to be issued is forty (40) years and the period of probable usefulness applicable to the object or purpose for which the $3,688,000 balance of said bonds are authorized to be issued is twenty-five (25) years; the proceeds of said bonds and any bond anticipation notes issued in anticipation thereof may be applied to reimburse the Village for expenditures made after the effective date of this bond resolution for the purpose for which said bonds are authorized; and the proposed maturity of said bonds will exceed five (5) years; FOURTH: DETERMINING that said bonds and any bond anticipation notes issued in anticipation of said bonds and the renewals of said bond anticipation notes shall be general obligations of the Village; and PLEDGING to their payment the faith and credit of the Village;
FIFTH: DELEGATING to the Village Treasurer the powers and duties as to the issuance of said bonds, and any bond anticipation notes issued in anticipation of said bonds, or the renewals thereof; and
SIXTH: STATING the conditions under which the validity of the bonds and any notes issued in anticipation thereof may be contested: and
SEVENTH: DETERMINING that the bond resolution is subject to a permissive referendum. DATED: June 3, 2024 Kristi Romano Village Clerk