Board of Trustees of the Village of New Hyde Park adopted the bond resolution entitled

0
9

VILLAGE OF NEW HYDE PARK, NEW YORK

VILLAGE OF NEW HYDE PARK, NEW YORK

PLEASE TAKE NOTICE that on November 18, 2021, the Board of Trustees of the Village of New Hyde Park, in the County of Nassau, New York, adopted the bond resolution entitled: ìBond Resolution of the Village of New Hyde Park, New York, adopted November 18, 2021, authorizing the acquisition and installation of street lighting equipment and upgrading to LED lights, stating the estimated maximum cost thereof is $285,000, appropriating said amount for such purpose, and authorizing the issuance of bonds in the principal amount of not to exceed $285,000 to finance said appropriation,î†an abstract of such bond resolution concisely stating the purpose and effect thereof, being as follows: FIRST: †AUTHORIZING said Village to acquire and install street lighting equipment and to upgrade to LED lights, including planning and consulting in connection therewith; STATING the estimated maximum cost thereof, including preliminary costs and costs incidental thereto and the financing thereof, is $285,000; APPROPRIATING said amount for such purpose; and STATING the plan of financing includes the issuance of not to exceed $285,000 bonds of the Village to finance said appropriation, and the levy of a tax upon all the taxable real property within the Village to pay the principal of said bonds and interest thereon; SECOND: †AUTHORIZING the issuance of not to exceed $285,000 bonds of the Village pursuant to the Local Finance Law of the State of New York (the ìLawî) to finance said appropriation; THIRD: †DETERMINING and STATING that (a) the period of probable usefulness of the object or purpose for which the bonds are authorized is thirty (30) years; (b) the proceeds of the bonds and any bond anticipation notes issued in anticipation of said bonds may be applied to reimburse the Village for expenditures made after the effective date of the bond resolution for the purpose for which said bonds are authorized; and (c) 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; SIXTH: †STATING the conditions under which the validity of the bonds or any notes issued in anticipation thereof may be contested; and SEVENTH: DETERMINING that the bond resolution is subject to a permissive referendum. DATED: November 18, 2021CATHRYN HILLMANN Village Clerk