The Board of Trustees recently authorized Bonding Resolutions in the amount of $4,251,000 to finance the 2020-21 Capital Budget. Pursuant to bonding requirement, a Public Notice relating to financing the costs of the acquisitions need to be posted.
To that end, please see the six resolution categorized by years of probable usefulness ( 5, 10,15,20,25 and 40 years) as designated by the New York State Comptroller.
Bonds in excess of 5 years are subject to a permission referendum, meaning that unless contested, validity is commenced after 30 days after the date of adoption.
Following are the Public Notices:
SUMMARY BOND RESOLUTION, DATED AUGUST 17, 2020, AUTHORIZING THE ISSUANCE OF UP TO $101,000 AGGREGATE PRINCIPAL AMOUNT SERIAL BONDS OF THE VILLAGE OF IRVINGTON, COUNTY OF WESTCHESTER, STATE OF NEW YORK, PURSUANT TO THE LOCAL FINANCE LAW, TO FINANCE THE COSTS OF THE ACQUISITION OF MOTOR VEHICLES for the village.
WHEREAS, the Board of Trustees of the Village of Irvington (the “Village”), located in the County of Westchester, in the State of New York (the “State”), hereby determines that it is in the public interest of the Village to authorize the financing of the costs of the acquisition of motor vehicles for the Village, including any preliminary and incidental costs related thereto, at a total cost not to exceed $101,000, all in accordance with the Local Finance Law;
NOW, THEREFORE, BE IT RESOLVED by the Board of Trustees of the Village of Irvington, County of Westchester, State of New York, as follows:
Section 1. There is hereby authorized to be issued serial bonds of the Village in the aggregate principal amount of up to $101,000, pursuant to the Local Finance Law, in order to finance the acquisition of motor vehicles for the Village, including any preliminary and incidental costs related thereto (the “Project”).
Section 2. It is hereby determined that the Project is a specific object or purpose, or of a class of object or purpose, described in subdivision 29 of paragraph a of Section 11.00 of the Local Finance Law and that the period of probable usefulness of the Project is five (5) years. The serial bonds authorized in the bond resolution summarized herein shall have a maximum maturity of fifty (5) years computed from the earlier of (a) the date of the first issue of such serial bonds or (b) the date of the first issue of bond anticipation notes issued in anticipation of the issuance of such serial bonds.
Section 3. The Board of Trustees of the Village has ascertained and hereby states that (a) the estimated maximum cost of the Project is $101,000; (b) no money has heretofore been authorized to be applied to the payment of the costs of the Project; (c) the Board of Trustees of the Village plans to finance the costs of the Project from the proceeds of the serial bonds authorized in the bond resolution summarized herein, or from the proceeds of bond anticipation notes issued in anticipation of such serial bonds; (d) the maturity of the obligations authorized in the bond resolution summarized herein may not be in excess of five (5) years; and (e) on or before the expenditure of moneys to pay for any costs of the Project for which proceeds of such obligations are to be applied to reimburse the Village, the Board of Trustees of the Village took “official action” for federal income tax purposes to authorize capital financing of such item.
Section 4. Each of the serial bonds authorized in the bond resolution summarized herein and any bond anticipation notes issued in anticipation of the issuance of such serial bonds shall contain the recital of validity prescribed by Section 52.00 of the Local Finance Law. The faith and credit of the Village is hereby and shall be irrevocably pledged for the punctual payment of the principal of and interest on all obligations authorized and issued pursuant to the bond resolution summarized herein as the same shall become due.
Section 5. A complete copy of the bond resolution summarized herein is available for public inspection during regular business hours at the Office of the Village Clerk, 85 Main Street, Irvington, New York 10533 and on the Village’s website www.irvingtonny.gov for a period of twenty days from the date of this publication.
VILLAGE OF IRVINGTON
COUNTY OF WESTCHESTER, NEW YORK
ESTOPPEL NOTICE
The bond resolution, a summary of which is published herewith, was adopted by the Board of Trustees of the Village of Irvington, located in the County of Westchester, State of New York (the “Village”) on August 17, 2020. The effectiveness of the bond resolution was subject to a permissive referendum and notice thereof was given as prescribed by law. The period of time prescribed by law has elapsed for 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 bond resolution may be hereafter contested only if such obligations were authorized for an object or purpose, or class of object or purpose, for which the Village is not authorized to expend money, or if the provisions of law which should have been complied with as of the date of the publication of such summary 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 the State of New York.
Date: August 19, 2020 BRENDA JESELNIK, Village Clerk/Treasurer
PUBLIC NOTICE
NOTICE IS HEREBY GIVEN that the Board of Trustees of the Village of Irvington (the “Village”), located in the County of Westchester, State of New York (the “State”), has on the 17th day of August, 2020, adopted, pursuant to the Local Finance Law of New York, a bond resolution which:
(1) authorizes the Board of Trustees of the Village to finance (i) the construction and reconstruction of sidewalk improvements ($100,000) and (ii) the construction and reconstruction of various building improvements ($395,000), all in and for the Village, including any applicable equipment, machinery, apparatus, land or rights-in-land necessary therefor and any preliminary and incidental costs related thereto, and authorizes the issuance of $495,000 aggregate principal amount of serial bonds of the Village to finance such purposes, and
(2) states the estimated maximum total costs of such acquisition, construction, and reconstruction to be not in excess of $495,000, states that such costs will be financed in whole or in part with the issuance of obligations authorized in the bond resolution and sets forth the plan of financing of the cost of such purposes, and
(3) determines the period of probable usefulness to be ten (10) years, and
(4) determines that the maximum maturity of such serial bonds will be in excess of five (5) years, and
(5) delegates to the Village Treasurer the power to prescribe the terms, form and contents of such serial bonds and to authorize the issuance of, and the power to prescribe the terms, form and contents of any bond anticipation notes issued in anticipation of the issuance of such serial bonds, including renewals thereof, and to issue, sell and deliver such serial bonds and such bond anticipation notes, and
(6) states that the validity of such serial bonds or any of such bond anticipation notes may be contested only if (a) such obligations are authorized for an object or purpose, or class of object or purpose, for which the Village is not authorized to expend money, or (b) the provisions of law which should have been complied with as of the date of the publication of such bond resolution, or a summary thereof, were not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty (20) days after the date of such publication, or (c) if such obligations are authorized in violation of the provisions of the Constitution of the State.
Such bond resolution is subject to a permissive referendum under the provisions of Article 9 of the Village Law and petitions protesting against such bond resolution and requesting that it be submitted to the electors of the Village for their approval or disapproval may be filed with the Village Clerk at any time within thirty (30) days after the date of the adoption of such bond resolution.
By order of the Board of Trustees of the Village of Irvington, New York.
Dated: August 19, 2020 BRENDA JESELNIK, Village Clerk/Treasurer
PUBLIC NOTICE
NOTICE IS HEREBY GIVEN that the Board of Trustees of the Village of Irvington (the “Village”), located in the County of Westchester, State of New York (the “State”), has on the 17th day of August, 2020, adopted, pursuant to the Local Finance Law of New York, a bond resolution which:
(1) authorizes the Board of Trustees of the Village to finance (i) the acquisition of machinery and apparatus for construction and maintenance ($120,000) and (ii) the construction and reconstruction of road improvements ($150,000), all in and for the Village, including any applicable equipment, machinery, apparatus, land or rights-in-land necessary therefor and any preliminary and incidental costs related thereto, and authorizes the issuance of $270,000 aggregate principal amount of serial bonds of the Village to finance such purposes, and
(2) states the estimated maximum total costs of such acquisition, construction, and reconstruction to be not in excess of $1,269,317, states that such costs will be financed in whole or in part with the issuance of obligations authorized in the bond resolution and sets forth the plan of financing of the cost of such purposes, and
(3) determines the period of probable usefulness to be fifteen (15) years, and
(4) determines that the maximum maturity of such serial bonds will be in excess of five (5) years, and
(5) delegates to the Village Treasurer the power to prescribe the terms, form and contents of such serial bonds and to authorize the issuance of, and the power to prescribe the terms, form and contents of any bond anticipation notes issued in anticipation of the issuance of such serial bonds, including renewals thereof, and to issue, sell and deliver such serial bonds and such bond anticipation notes, and
(6) states that the validity of such serial bonds or any of such bond anticipation notes may be contested only if (a) such obligations are authorized for an object or purpose, or class of object or purpose, for which the Village is not authorized to expend money, or (b) the provisions of law which should have been complied with as of the date of the publication of such bond resolution, or a summary thereof, were not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty (20) days after the date of such publication, or (c) if such obligations are authorized in violation of the provisions of the Constitution of the State.
Such bond resolution is subject to a permissive referendum under the provisions of Article 9 of the Village Law and petitions protesting against such bond resolution and requesting that it be submitted to the electors of the Village for their approval or disapproval may be filed with the Village Clerk at any time within thirty (30) days after the date of the adoption of such bond resolution.
By order of the Board of Trustees of the Village of Irvington, New York.
Dated: August 19, 2020 BRENDA JESELNIK, Village Clerk/Treasurer
PUBLIC NOTICE
NOTICE IS HEREBY GIVEN that the Board of Trustees of the Village of Irvington (the “Village”), located in the County of Westchester, State of New York (the “State”), has on the 17th day of August, 2020, adopted, pursuant to the Local Finance Law of New York, a bond resolution which:
(1) authorizes the Board of Trustees of the Village to finance the acquisition of fire-fighting apparatus for the Village, including any preliminary and incidental costs related thereto, and authorizes the issuance of $245,000 aggregate principal amount of serial bonds of the Village to finance such purpose, and
(2) states the estimated maximum total costs of such acquisition to be not in excess of $245,000, states that such costs will be financed in whole or in part with the issuance of obligations authorized in the bond resolution and sets forth the plan of financing of the cost of such purpose, and
(3) determines the period of probable usefulness to be twenty (20) years, and
(4) determines that the maximum maturity of such serial bonds will be in excess of five (5) years, and
(5) delegates to the Village Treasurer the power to prescribe the terms, form and contents of such serial bonds and to authorize the issuance of, and the power to prescribe the terms, form and contents of any bond anticipation notes issued in anticipation of the issuance of such serial bonds, including renewals thereof, and to issue, sell and deliver such serial bonds and such bond anticipation notes, and
(6) states that the validity of such serial bonds or any of such bond anticipation notes may be contested only if (a) such obligations are authorized for an object or purpose, or class of object or purpose, for which the Village is not authorized to expend money, or (b) the provisions of law which should have been complied with as of the date of the publication of such bond resolution, or a summary thereof, were not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty (20) days after the date of such publication, or (c) if such obligations are authorized in violation of the provisions of the Constitution of the State.
Such bond resolution is subject to a permissive referendum under the provisions of Article 9 of the Village Law and petitions protesting against such bond resolution and requesting that it be submitted to the electors of the Village for their approval or disapproval may be filed with the Village Clerk at any time within thirty (30) days after the date of the adoption of such bond resolution.
By order of the Board of Trustees of the Village of Irvington, New York.
Dated: August 19, 2020 BRENDA JESELNIK, Village Clerk/Treasurer
PUBLIC NOTICE
NOTICE IS HEREBY GIVEN that the Board of Trustees of the Village of Irvington (the “Village”), located in the County of Westchester, State of New York (the “State”), has on the 17th day of August, 2020, adopted, pursuant to the Local Finance Law of New York, a bond resolution which:
(1) authorizes the Board of Trustees of the Village to finance the acquisition, construction and reconstruction of buildings and improvements to buildings, all in and for the Village, including any applicable equipment, machinery, apparatus, land or rights-in-land necessary therefor and any preliminary and incidental costs related thereto, and authorizes the issuance of $1,995,000 aggregate principal amount of serial bonds of the Village to finance such purpose, and
(2) states the estimated maximum total costs of such acquisition, construction and reconstruction to be not in excess of $1,995,000, states that such costs will be financed in part with the issuance of obligations authorized in the bond resolution and sets forth the plan of financing of such cost of such purpose, and
(3) determines the period of probable usefulness to be twenty-five (25) years, and
(4) determines that the maximum maturity of such serial bonds will be in excess of five (5) years, and
(5) delegates to the Village Treasurer the power to prescribe the terms, form and contents of such serial bonds and to authorize the issuance of, and the power to prescribe the terms, form and contents of any bond anticipation notes issued in anticipation of the issuance of such serial bonds, including renewals thereof, and to issue, sell and deliver such serial bonds and such bond anticipation notes, and
(6) states that the validity of such serial bonds or any of such bond anticipation notes may be contested only if (a) such obligations are authorized for an object or purpose, or class of object or purpose, for which the Village is not authorized to expend money, or (b) the provisions of law which should have been complied with as of the date of the publication of such bond resolution, or a summary thereof, were not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty (20) days after the date of such publication, or (c) if such obligations are authorized in violation of the provisions of the Constitution of the State.
Such bond resolution is subject to a permissive referendum under the provisions of Article 9 of the Village Law and petitions protesting against such bond resolution and requesting that it be submitted to the electors of the Village for their approval or disapproval may be filed with the Village Clerk at any time within thirty (30) days after the date of the adoption of such bond resolution.
By order of the Board of Trustees of the Village of Irvington, New York.
Dated: August 19, 2020 BRENDA JESELNIK, Village Clerk
PUBLIC NOTICE
NOTICE IS HEREBY GIVEN that the Board of Trustees of the Village of Irvington (the “Village”), located in the County of Westchester, State of New York (the “State”), has on the 17th day of August, 2020, adopted, pursuant to the Local Finance Law of New York, a bond resolution which:
(1) authorizes the Board of Trustees of the Village to finance the acquisition, construction and reconstruction of water improvements for the Village, including any applicable equipment, machinery, apparatus, land or rights-in-land necessary therefor and any preliminary and incidental costs related thereto, and authorizes the issuance of $1,145,000 aggregate principal amount of serial bonds of the Village to finance such purpose, and
(2) states the estimated maximum total costs of such acquisition, construction and reconstruction to be not in excess of $1,145,000, states that such costs will be financed in whole or in part with the issuance of obligations authorized in the bond resolution and sets forth the plan of financing of the cost of such purpose, and
(3) determines the period of probable usefulness to be forty (40) years, and
(4) determines that the maximum maturity of such serial bonds will be in excess of five (5) years, and
(5) delegates to the Village Treasurer the power to prescribe the terms, form and contents of such serial bonds and to authorize the issuance of, and the power to prescribe the terms, form and contents of any bond anticipation notes issued in anticipation of the issuance of such serial bonds, including renewals thereof, and to issue, sell and deliver such serial bonds and such bond anticipation notes, and
(6) states that the validity of such serial bonds or any of such bond anticipation notes may be contested only if (a) such obligations are authorized for an object or purpose, or class of object or purpose, for which the Village is not authorized to expend money, or (b) the provisions of law which should have been complied with as of the date of the publication of such bond resolution, or a summary thereof, were not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty (20) days after the date of such publication, or (c) if such obligations are authorized in violation of the provisions of the Constitution of the State.
Such bond resolution is subject to a permissive referendum under the provisions of Article 9 of the Village Law and petitions protesting against such bond resolution and requesting that it be submitted to the electors of the Village for their approval or disapproval may be filed with the Village Clerk at any time within thirty (30) days after the date of the adoption of such bond resolution.
By order of the Board of Trustees of the Village of Irvington, New York.
Dated: August 19, 2020 BRENDA JESELNIK, Village Clerk/Treasurer