VILLAGE OF WILLISTON PARK. NEW YORK
PLEASE TAKE NOTICE that on June 5, 2017, 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 5, 2017, authorizing the replacement of the Syracuse Street elevated water storage tank, stating the estimated maximum cost thereof is $6,000,000, appropriating said amount for such purpose, and authorizing the issuance of bonds in the principal amount of not to exceed $6,000,000 to finance said appropriation,’ an abstract of such bond resolution, concisely stating the purpose and effect thereof, being as follows:
FIRST: AUTHORIZING said Village to replace the Syracuse Street elevated water storage tank; STATING the estimated maximwn cost thereof, including preliminary costs and costs incidental thereto and the financing thereof, is $6,000,000; APPROPRIATING said amount for such purpose; and STATING the plan of financing includes the issuance of bonds in a principal of not to exceed $6,000,000 to finance said appropriation, and the collection of water rates to pay the principal of said bonds and interest thereon; and STATING that grant funds made available through New York State Water Infrastructure Improvement Act (WllA) and​/​or other sources may be available to pay all or a part of the cost of the project. Any such grant funds 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 truces to be collected for the payment of the principal of and interest on said bonds or notes;
SECOND: AUTHORIZING the issuance of bonds in a principal amount of not to exceed $6,000,000 pursuant to the Local Finance Law of the State of New York (the ‘Law’) to finance said appropriation;
THIRD: DETERMINING and STATING the period of probable usefulness applicable to the purpose for which said bonds are authorized to be issued is forty (40) 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: DETERMINING that the bond resolution is subject to a pennissive
referendum.
DATED: June 5, 2017
Julie Kain
Village Clerk
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