The resolution, a summary of which is published herewith, has been adopted on December 12, 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 Roslyn Estates, 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 of the State of New York.
Bryan L. Rivera, MPA
Village Clerk
BOND RESOLUTION OF THE VILLAGE OF ROSLYN ESTATES, NEW YORK,
ADOPTED DECEMBER 12, 2016, AUTHORIZING THE CONSTRUCTION OF ROAD IMPROVEMENTS, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $850,000, APPROPRIATING SAID AMOUNT FOR SUCH PURPOSE, INCLUDING THE EXPENDITURE OF NOT TO EXCEED $200,000 IN FUNDS EXPECTED TO BE RECEIVED FROM THE STATE OF NEW YORK AND/OR ANY OTHER SOURCES TO PAY A PORTION OF SAID APPROPRIATION AND AUTHORIZING THE ISSUANCE OF BONDS OF SAID VILLAGE IN THE PRINCIPAL AMOUNT OF NOT TO EXCEED $650,000 TO FINANCE THE BALANCE OF SAID APPROPRIATION
The object or purpose for which the bonds are authorized is the construction of road improvements in and for the Village, at the estimated maximum cost of $850,000. The plan of financing includes the expenditure of $200,000 in funds expected to be received from the State of New York and/or any other sources to pay a portion of said appropriation, the issuance of bonds of the Village in the principal amount of not exceed $650,000 to finance the balance of said appropriation, and the levy and collection of 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.
The period of usefulness is fifteen (15) years.
The maximum amount of obligations authorized to be issued is $650,000.
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 Roslyn Estates, Village Hall, 25 The Tulips, Roslyn Estates, New York.
Dated: December 12, 2016
Roslyn Estates, New York
RT #144973
1x 01/20/2017
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