https://sleepyhollow.localarchives.org/files/original/3eb4889995d31347d1007076cfdc6cb7.pdf 26e0268441313ada5ea7b9f3891a1f96 PDF Text Text SUMMARY BOND RESOLUTION, DATED SEPTEMBER 24, 2019, AUTHORIZING THE ISSUANCE OF UP TO $1,891,015 AGGREGATE PRINCIPAL AMOUNT SERIAL BONDS OF THE VILLAGE OF SLEEPY HOLLOW, COUNTY OF WESTCHESTER, STATE OF NEW YORK, PURSUANT TO THE LOCAL FINANCE LAW, TO FINANCE THE COSTS OF (I) THE ACQUISITION OF MOTOR VEHICLES, (II) THE ACQUISITION OF COMPUTERS, (ffl) THE ACQUISITION AND INSTALLATION OF COMMUNICATIONS EQUIPMENT, (IV) THE ACQUISITION OF AMBULANCE EQUIPMENT, (V) THE ACQUISITION OF FIRE-FIGHTING APPARATUS, (VI) THE ACQUISITION, CONSTRUCTION AND RECONSTRUCTION OF PARKS AND RECREATION AREA IMPROVEMENTS, (VII) THE ACQUISITION, CONSTRUCTION AND RECONSTRUCTION OF SIDEWALKS AND CURBS, (VIH) THE ACQUISITION, CONSTRUCTION AND RECONSTRUCTION OF VILLAGE STREETS, (IX) THE ACQUISITION OF MACHINERY AND APPARATUS FOR CONSTRUCTION AND MAINTENANCE, (X) THE ACQUISITION, CONSTRUCTION AND RECONSTRUCTION OF SEWER IMPROVEMENTS. (XI) THE ACQUISITION, CONSTRUCTION AND RECONSTRUCTION OF WATERWAY IMPROVEMENTS, AND (XII) THE ACQUISITION, CONSTRUCTION AND RECONSTRUCTION OF WATER IMPROVEMENTS, ALL IN AND FOR THE VILLAGE. WHEREAS, the Board of Trustees of the Village of Sleepy Hollow (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 (i) the acquisition of motor vehicles ($173,349), (ii) the acquisition of computers ($26,265), (iii) the acquisition and installation of communications equipment ($161,614), (iv) the acquisition of ambulance equipment ($32,243), (v) the acquisition of fire-fighting apparatus ($85,170), (vi) the acquisition, construction and reconstruction of parks and recreation area improvements ($41,289), (vii) the acquisition, construction and reconstruction of sidewalks and curbs ($157,590), (viii) the acquisition, construction and reconstruction of Village streets ($21,012), (ix) the acquisition of machinery and apparatus for construction and maintenance ($445,454), (x) the acquisition, construction and reconstruction of sewer improvements ($294,168), (xi) the acquisition, construction and reconstruction of waterway improvements ($105,060), and (xii) the acquisition, construction and �reconstruction of water improvements ($347,801), 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, at a total cost not to exceed $1,891,015, all in accordance with the Local Finance Law; NOW, THEREFORE, BE IT RESOLVED by the Board of Trustees of the Village of Sleepy Hollow, 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 $1,891,015, pursuant to the Local Finance Law, in order to finance the costs of the specific objects or purposes hereinafter described. Section 2. The specific objects or purposes, or class of objects or purposes, to be financed pursuant to the bond resolution summarized herein (collectively, the "Project"), the respective estimated maximum cost of such specific object or purpose, or class of object or purpose, the principal amount of serial bonds authorized in the bond resolution summarized herein for such specific object or purpose, or class of object or purpose, and the period of probable usefulness of such specific object or purpose, or class of object or purpose, thereof pursuant to the applicable subdivision of paragraph a of Section 11.00 of the Local Finance law, are as follows: (a) The acquisition of motor vehicles, including any preliminary and incidental costs related thereto, at an estimated maximum cost of $173,349, for which $173,349 principal amount of serial bonds, or bond anticipation notes issued in anticipation of such serial bonds, are authorized in the bond resolution summarized herein and appropriated therefore, having a period of probable usefulness of five (5) years pursuant to subdivision 29 of paragraph a of Section 11.00 of the Local Finance Law. Such serial bonds shall have a maximum maturity of five (5) years computed from 2 �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; and (b) The acquisition of computers for the Village, including any preliminary and incidental costs related thereto, at an estimated maximum cost of $26,265, for which $26,265 principal amount of serial bonds, or bond anticipation notes issued in anticipation of such serial bonds, are authorized in the bond resolution summarized herein and appropriated therefore, having a period of probable usefulness often (10) years pursuant to subdivision 81(a) of paragraph a of Section 11.00 of the Local Finance Law. Such serial bonds shall have a maximum maturity of five (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; and (c) The acquisition and installation of communications equipment, including any preliminary and incidental costs related thereto, at an estimated maximum cost of $161,614, for which $161,614 principal amount of serial bonds, or bond anticipation notes issued in anticipation of such serial bonds, are authorized in the bond resolution summarized herein and appropriated therefore, having a period of probable usefulness of ten (10) years pursuant to subdivision 25 of paragraph a of Section 11.00 of the Local Finance Law. Such serial bonds shall have a maximum maturity of five (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; and (d) The acquisition of ambulance equipment for the Village, including any preliminary and incidental costs related thereto, at an estimated maximum cost of $32,243, for which $32,243 principal amount of serial bonds, or bond anticipation notes issued in anticipation of such serial bonds, are authorized in the bond resolution summarized herein and appropriated therefore, having a 3 �period of probable usefulness of five (5) years pursuant to subdivision 27-a of paragraph a of Section 11.00 of the Local Finance Law. Such serial bonds shall have a maximum maturity of five (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 (e) The acquisition of fire-fighting apparatus for the Village, including any preliminary and incidental costs related thereto, at an estimated maximum cost of $85,170, for which $85,170 principal amount of serial bonds, or bond anticipation notes issued in anticipation of such serial bonds, are authorized in the bond resolution summarized herein and appropriated therefore, having a period of probable usefulness of fifteen (15) years pursuant to subdivision 27 of paragraph a of Section 11.00 of the Local Finance Law. Such serial bonds shall have a maximum maturity of five (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; and bond anticipation notes issued in anticipation of the issuance of such serial bonds; and (f) The acquisition, construction and reconstruction of parks and recreation area improvements, including any applicable equipment, machinery, apparatus, land or rights-in-land necessary therefor and any preliminary and incidental costs related thereto, at an estimated maximum cost of $41,289, for which $41,289 principal amount of serial bonds, or bond anticipation notes issued in anticipation of such serial bonds, are authorized in the bond resolution summarized herein and appropriated therefore, having a period of probable usefulness of fifteen (15) years pursuant to subdivision 19(c) of paragraph a of Section 11.00 of the Local Finance Law. Such serial bonds shall have a maximum maturity of five (5) years computed from the earlier of (a) the date of 4 �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; and (g) The acquisition, construction and reconstruction of Village sidewalks and curbs, including any applicable equipment, machinery, apparatus, land or rights-in-land necessary therefor and any preliminary and incidental costs related thereto, at an estimated maximum cost of $157,590, for which $157,590 principal amount of serial bonds, or bond anticipation notes issued in anticipation of such serial bonds, are authorized in the bond resolution summarized herein and appropriated therefore, having a period of probable usefulness of ten (10) years pursuant to subdivision 24 of paragraph a of Section 11.00 of the Local Finance Law. Such serial bonds shall have a maximum maturity of five (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; and (h) The acquisition, construction and reconstruction of Village streets, including any applicable equipment, machinery, apparatus, land or rights-in-land necessary therefor and any preliminary and incidental costs related thereto, at an estimated maximum cost of $21,012, for which $21,012 principal amount of serial bonds, or bond anticipation notes issued in anticipation of such serial bonds, are authorized in the bond resolution summarized herein and appropriated therefore, having a period of probable usefulness of fifteen (15) years pursuant to subdivision 20(c) of paragraph a of Section 11.00 of the Local Finance Law. Such serial bonds shall have a maximum maturity of five (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; and 5 �(i) The acquisition of machinery and apparatus for construction and maintenance for the Village, including any preliminary and incidental costs related thereto, at an estimated maximum cost of $445,454, for which $445,454 principal amount of serial bonds, or bond anticipation notes issued in anticipation of such serial bonds, are authorized in the bond resolution summarized herein and appropriated therefore, having a period of probable usefulness of fifteen (15) years pursuant to subdivision 28 of paragraph a of Section 11.00 of the Local Finance Law. Such serial bonds shall have a maximum maturity of five (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; and 0) The acquisition, construction and reconstruction of sewer improvements, including any applicable equipment, machinery, apparatus, land or rights-in-land necessary therefor and any preliminary and incidental costs related thereto, at an estimated maximum cost of $294,168, for which $294,168 principal amount of serial bonds, or bond anticipation notes issued in anticipation of such serial bonds, are authorized in the bond resolution summarized herein and appropriated therefore, having a period of probable usefulness of thirty (30) years pursuant to subdivision 4 of paragraph a of Section 11.00 of the Local Finance Law. Such serial bonds shall have a maximum maturity of five (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; and (k) The acquisition, construction and reconstruction of waterway improvements, including any applicable equipment, machinery, apparatus, land or rights-in-land necessary therefor and any preliminary and incidental costs related thereto, at an estimated maximum cost of $105,060, for which $105,060 principal amount of serial bonds, or bond anticipation notes issued in anticipation 6 �of such serial bonds, authorized in the bond resolution summarized herein and appropriated therefore, having a period of probable usefulness of ten (10) years pursuant to subdivision 3 of paragraph a of Section 11.00 of the Local Finance Law. Such serial bonds shall have a maximum maturity of five (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; and (1) The acquisition, construction and reconstruction of water improvements, including any applicable equipment, machinery, apparatus, land or rights-in-land necessary therefor and any preliminary and incidental costs related thereto, at an estimated maximum cost of $347,801, for which $347,801 principal amount of serial bonds, or bond anticipation notes issued in anticipation of such serial bonds, are authorized in the bond resolution summarized herein and appropriated therefore, having a period of probable usefulness of forty (40) years pursuant to subdivision 1 of paragraph a of Section 11.00 of the Local Finance Law. Such serial bonds shall have a maximum maturity of five (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 $1,891,015; (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 7 �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, 28 Beekman Avenue, Sleepy Hollow, New York 10591 for a period of twenty days from the date of this publication. Moved: Trustee Gebler Seconded: Deputy Mayor Rosenbloom 8 Vote: Unanimous �VILLAGE OF SLEEPY HOLLOW 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 Sleepy Hollow, located in the County of Westchester, State of New York (the "Village") on September 24, 2019. 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 this notice 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: October 4,2019 /s/ Paula McCarthy PAULA MCCARTHY Village Clerk Village of Sleepy Hollow, New York � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Board of Trustees Meeting Minutes & Resolutions-2019 Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource MINS_TRUST_2019-09-24_RES-113(2) Subject The topic of the resource Board of Trustees Minutes-2019 Date A point or period of time associated with an event in the lifecycle of the resource 2019 Rights Information about rights held in and over the resource Village of Sleepy Hollow All Rights Reserved. Type The nature or genre of the resource Text