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1. the
construction of sewer improvements, ncluding, without limitation, manhole
improvements, cured in place pipeline improvements, and installation of new UV
disinfection system, new headworks system, and the acquisition of original
furnishings, equipment, machinery or apparatus, or the replacement of such
equipment, machinery or apparatus, and other incidental improvements that may
be required in connection therewith for such construction and Village use as
set forth in the Original Bond Resolution (hereinafter referred to as
“purpose”), in an additional amount not to exceed $837,800 and additional
general obligation serial bonds in an aggregate principal amount not to exceed
$837,800 and bond anticipation notes in anticipation thereof (and renewals
thereof) of the Village are authorized to be issued to finance such additional
costs of said purpose and said additional amount is appropriated therefor; and 2. the
estimated aggregate maximum cost of said purpose, including preliminary costs
and costs incidental thereto and costs of the financing thereof, is now
estimated to be $3,167,000 for said purpose and the plan for financing of said
purpose is to provide (i) up to $2,329,200 of such maximum cost by the issuance
of bonds or bond anticipation notes as authorized under the Original Bond
Resolution, and (ii) up to $837,800 of
such maximum cost by the issuance of bonds or bond anticipation notes as
authorized under the Supplemental Bond Resolution; and 3. (a) said
purpose is one of the class of objects or purposes described in Subdivision 4
of Paragraph (a) of Section 11.00 of the Local Finance Law, and the period of
probable usefulness of said purpose is thirty (30) years, (b) the proposed
maximum maturity of said bonds authorized by the resolution will be in excess
of five years, (c) current funds required to be provided prior to the issuance
of the bonds or notes authorized, pursuant to Section 107.00 of the Local
Finance Law, to the extent applicable, if any, will be provided, (d) the notes
authorized are issued in anticipation of bonds for an assessable improvement,
and (e) there are presently no outstanding bond anticipation notes issued in
anticipation of the sale of said bonds; and 4. the bonds
and notes authorized by the resolution shall contain the recital of validity
prescribed in Section 52.00 of the Local Finance Law and such bonds and notes
shall be general obligations of the Village and all the taxable real property
in the Village is subject to the levy of ad valorem taxes to pay the
principal thereof, and interest thereon, without limitation as to rate or
amount, subject to applicable statutory limitations, if any; and 5. the
Village reasonably expects to reimburse the general fund, or such other fund as
may be utilized, from the proceeds of the obligations authorized for
expenditures, if any, from such fund that may be made for the purpose prior to
the date of the issuance of such obligations, and such is a declaration of official
intent under Treasury Regulation §1.150-2; and 6. the power
to further authorize the sale, issuance and delivery of said bonds and notes
and to prescribe the terms, form and contents of said bonds and notes,
including, without limitation, the power to contract and issue indebtedness
pursuant to §169.00 of the Local Finance Law, if applicable, the consolidation
with other issues, the determination to issue bonds with substantially level or
declining annual debt service, whether to authorize the receipt of bids in an
electronic format, all contracts for and determinations with respect to, credit
and liquidity enhancements, if any, and to sell and deliver said bonds and
notes, subject to the provisions of the resolution and the provisions of the
Local Finance Law, is delegated to the Village Treasurer, the Village’s chief
fiscal officer, the Village Treasurer and the Village Clerk or Deputy Clerk are
authorized to sign by manual or facsimile signature and attest any bonds and
notes issued pursuant to the resolution, and are authorized to affix to such
bonds and bond anticipation notes the corporate seal of the Village of Clifton
Springs; and 7. the faith
and credit of the Village of Clifton Springs, New York, are irrevocably pledged
for the payment of the principal of and interest on such bonds and notes as the
same respectively become due and payable, an annual appropriation shall be made
in each year sufficient to pay the principal of and interest on such
obligations becoming due and payable in such year; and 8. after
compliance with the next paragraph hereof, the Supplemental Bond Resolution, or
a summary thereof, shall be published in full by the Village Clerk of the
Village of Clifton Springs together with a notice in substantially the form
prescribed by Section 81.00 of said Local Finance Law, and such publication
shall be in each official newspaper of the Village, in the manner prescribed by
law, and the validity of said bonds and bond anticipation notes issued in
anticipation of the sale of said serial bonds may be contested only if such
obligations are authorized for an object or purpose for which said Village is
not authorized to expend money, or the provisions of law which should be
complied with, at the date of publication of the resolution are 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 if said obligations are authorized in violation of the
provisions of the Constitution; and 9. such
Supplemental Bond Resolution is subject to a permissive referendum of the
qualified electors of the Village of Clifton Springs, pursuant to Section 36.00
of the Local Finance Law and petitions protesting and requesting that it be
submitted to the electors of the Village of Clifton Springs 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 resolution. By order of the Board of Trustees of the Village of
Clifton Springs, New York. DATED: February 13, 2023
Lori A. Reals
Lori
A. Reals, Village Clerk Village of Clifton Springs, New York |
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VILLAGE OF CLIFTON SPRINGS PUBLIC EMPLOYER HEALTH EMERGENCY PLAN Click to open or download |
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Village of Clifton Springs Water Supply Click to open: 2021 Annual Water Quality Report Public Water Supply ID # 3401154 |
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Public Water Supply ID # 3401154
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Village of Clifton Springs Police Reform and Reinvention Collaborative Action Plan
Click here to open or download PDF: Village Police Reform
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Clifton Springs, NY 14432 (315) 462-5151 Fax number (315) 462-6235 Email: clerk@cliftonspringsny.org ![]() |
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