The resolution, a summary of which is published herewith, has been adopted on the 19th day of December, 2016, 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 Village of Old Westbury, in the County of Nassau, 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.
Brian S.Ridgway
Village Clerk
BOND RESOLUTION OF THE VILLAGE OF OLD WESTBURY, NEW YORK, ADOPTED DECEMBER 19, 2016, AUTHORIZING THE CONSTRUCTION OF A NEW WATER SUPPLY WELL NO. 7, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $3,770,000, APPROPRIATING SAID AMOUNT FOR SUCH PURPOSE, AND AUTHORIZING THE ISSUANCE OF BONDS OF THE VILLAGE IN THE PRINCIPAL AMOUNT OF $3,770,000 TO FINANCE SAID APPROPRIATION
The object or purpose for which the bonds are authorized is the construction of a new water supply Well No. 7, including related or ancillary work in connection therewith, substantially as described in the report prepared for the Village by D&B Engineers and Architects, P.C., dated April 2016, including Addenda Nos. 1 and 2, at the estimated maximum cost of $3,770,000.
The period of usefulness is forty (40) years.
The maximum amount of obligations authorized to be issued is $3,770,000.
A complete copy of the Bond Resolution summarized above shall be available for public inspection during normal business hours at the office of the Village Clerk, Village of Old Westbury, Village Hall, 1 Store Hill Road, Old Westbury, New York.
RT #145004
1x 01/27/2017
#145004
