https://sleepyhollow.localarchives.org/files/original/ea45a0ab43232826fcd96f8442e3ddd9.pdf 0d3db970e25bb2c8548b2eabea875924 PDF Text Text 099 i A regular meeting of the Board of Trustees was held on Tuesday, May 25, 2004 at 8 pin in Village Hall, 28 Beekman Avenue, Sleepy Hollow, New York. Present: [Mayor Philip Zegarelli Mario DiFeliee Richard Spota James Hart Richard Zieja Kay Brown Grala Andrew Murray Also Present: Trustees Abraham Zambrano, Village Treasurer Dwight Douglas, Village Administrator Mayor Zegarelli called the meeting to order with a prayer and pledge to the flag. i Trustee DiFeliee moved, seconded by Trustee Murray to come out of executive session where discussion took place on pending litigation, but no formal action was taken, motion carried. He asked that everybody remain standing for a moment of silence for Rev. Father Fiore w ho passed away recently in Italy after being a priest at the Immaculate Conception Church in Sleepy Hollow and Chief Warren's grandfather Steve Mathews who also passed away recently. Trustee Hart moved, seconded by Trustee Zieja to adjust the agenda, carried. Mayor Zegarelli commented that Steve Kahn, Lt. of the Ambulance Corp. and his wife Carol are moving to South Carolina. He commented that the village is very grateful for all the time he has given to the Ambulance Corp. and presented him with a Certificate of Appreciation and a Sole Effigy of the Village of Sleepy Hollow. Steve Kahn thanked everyone for their kindness. Approval of Minutes Trustee DiFeliee moved, seconded by Trustee Spota to approve the minutes of the April 20, 2004 Organization meeting, motion carried unanimously. i Trustee Spota moved, seconded by Trustee Hart to approve the minutes of April 20, 2004, Budget Hearing, motion carried unanimously. Trustee Hart moved, seconded by Trustee Grala to approve the minutes of April 27, 2004, motion carried. Trustee Grala moved, seconded by Trustee Zieja to approve the minutes of May 11, 2004, motion carried unanimously. i=aas.r*j dtt-jpasWiss** �100 Public Hearings Trustee Zieja read the attached public hearing notice regarding zoning ordinance amendments. Dave Smith summarized the proposed zoning ordinance amendments and commented that he is in the process of working on the revisions. There were no comments from the public. Trustee DiFelice moved, seconded by . Trustee Spota to adjourn the public hearing to accommodate comments for the next thirty (30) days, motion carried. Trustee Murray read the next public hearing notice regarding the review of the storm water management program. Village Administrator, Dwight Douglas, gave a brief summary on the proposal. There were no comments from the public. Trustee Murray moved to close the public hearing, seconded by Trustee DiFelice and carried. Approval of Warrants Trustee Hart moved, seconded by Trustee Grala to approve the warrant of May 25, 20004 and authorize the Treasurer to pay the bills, subject to review, approval and signature of the Mayor and Village Treasurer, motion carried unanimously. Total of the General Fund is $255,374.90, total of the Water Fund is S2522.80, total of the Capital fund is SI 13,433.05 and the Parking Authority total is $547.61. Mayor's Announcements Mayor Zegarelli commented that Route 9 paving is in the process of being done. He thanked Assemblyman Brodsky and Spano for all their help in getting the state to finally do this. The Mayor commented that we are very fortunate that our Public Works Department does our own paving of roads in the Village of Sleepy Hollow. The Mayor commented that the New York City Water Board announced that they will be increasing water charges from S542.36 per million gallons to S591.21 per million gallons. Mayor Zegarelli announced that the Westchester County Municipal Planning Federation will hold a Linkage Study dinner on July 1 st at the Mt. Kisco Country Club. Public Comments John Edwards asked the board to consider re-instating the name Quinn Street at the Lighthouse Landing and he also asked about the status of the zip code change. The Mayor commented that we can refer the street name suggestion to the Street Naming Committee and we have not forgotten about the zip code change. 2 �101 I Don Caetano commented on the proposed new business to open at the old Meinekee Muffler place at the corner of Lawrence and Broadway. There was a moratorium in 1993 regarding same use of property after one year. Frank Rey, Captain of the Auxiliary Police, commented that the Auxiliary Police was re-instated about five years ago but nothing is happening. We need re-direction and our function needs to be reviewed. There are many things we could do to help the village, such as be present in court, direct traffic, help at the parks, etc. The Mayor commented that he will set up a meeting with Mr. Rey and Trustee Spota and then he will meet with Police Chief separately. Trustee's Reports Trustee DiFelice read the attached Public Works Report. Trustee Spota reported that the Public Safety Committee met on Monday. I Sgt. Camp and Officers Bueti and D'Alessandro completed the Breath Analysis ReCertification Course. Chief Jimmy Warren completed the course on labor agreement negotiations. A letter was received from the Westchester County Commission on Law Enforcement thanking Chief Warren for attending the Memorial Day Services and Chief Warren commented that Officer Lombardi carried the United States flag that day. A letter was received thanking Lt. Campbell for his work on the Child ID service program. Trustees Hart, Zieja and Murray had no report. Trustee Grala reported that we have received 250 cable surveys and we are in the process of analyzing them. The Cable Consortium will be hiring a consultant to help us. She thanked Sunny McLean for her help. I Trustee Grala commented that the Library Board has had made budget cuts. She thanked Joe DeFeo for offering to help with fixing the steps at the Warner Library. Mayor's Report The Mayor received a memo from Sean McCarthy stating that he has given permission to Kendal to do additional work on Saturdays. A letter was sent to W.H. Mouiton regarding the Risk Control Survey. ^-..fc. ** ^ e ^ + u - i p r f ' i e ' t A ** ^pL^> t ^ ,'* ^ „ . - ^ ^ s ^ y y * ^ i* rJ^ r^6J^» i i l j | i a f e ' « ^ ^ �102 We have received turn off notices from Con Ed for 145 Cortlandt Street, 72 Beeknian Avenue and 7 Hudson Street. There have been a series of emergency shut downs at Phelps Memorial Hospital recently. The Mayor responded to a letter received from Michael Lapicki regarding police negotiations. The Mayor sent letters to several people thanking them for their contributions to the scholarship fund for needy families wanting to send children to day camp. We received a letter from Mr. Sutherland regarding the budget cut for TNT baseball. We will be moving the memorial plaque for Cathy Chulla to a better area at Devries Park. The Mayor was in receipt of letters from Mrs. Esteves and Mrs. Mathison regarding the new project being built behind their homes. The Mayor was in receipt of a letter from a resident regarding dogs biting people. The Mayor said he would speak to the Police Chief. Administrator's Report Dwight Douglas reported that with regard to Kingsland Point Park, the Count)' will be holding a pre-construction meeting this Wednesday. Dwight Douglas reported that Sean McCarthy has almost completed the preliminary drawings for the playground equipment for Kingsland Point Park. We will be receiving $600,000.00 funding for Barnhart Park from the County and State offices. Resolutions-Attached Public Comments A resident of 1 Riverside Drive complained about being harassed by the Police Department when she complained about the Police Department not doing anything to help her when there was a robbery at her home and her son was being harassed by another local boy. The Mayor commented that we will look into the matter. There being no further comments, Trustee DiFelice moved, seconded by Trustee Murray to adjourn the meeting, motion carried. Respectfully submitted, Angela Everett-Village Clerk ^V^L£CL^ �103 i PH-' VHtooe of Sleepy HoHow Notice of Public Hearing I Please take notice, that the Board of Trustees of the ViHage of Sleepy Hollow wHI hold a Public Hearing on Tuesday, May 25,2004, at 8:00 P.M. In ViHage HaH, 28 Beekman Avenue, Sleepy HoHow, New York to consider proposed text amendments to the Village Code including revisions to Chapter 6-1 Architectural Review Board, Chapter 62-1 Artide I B Zoning, Chapter 62-28 Article Vm - Site Plan Review, Part IV of the Village Code Appendices - Subdivision Regulations, Chapter 62 Table 62-9.D-1 and selected revisions to Chapter 62 suggested by the General Code (together the "Code Revisions"). A copy of the proposed code revisions is available upon request at trie Office of the Village Oerk. All people are entitled to attend and be heard at this Pubfic Hearing. By Order of the Board of Trustees of the ViHage of Sleepy Hollow Angela Everett, Village Oerk Dated: May _£_, 2004 I : a ^ i " - i— .Sxwr**! j ** -*•*r »&*?* & - - ^ *"^ *-** "^ ^'^*^~^S2.*«t-*„£L r* s^Z*rA^^^^^^X^^^^b^^M^^^ �!€•« I AFFIDAVIT OF PUBLICATIOI from SMHWS £ k Journal Neuts >1SIE OFUSNYORK JOUNTY OF WESTC*£ST5? Ghantel Richardi NortneniAreB Race SbcnocDCK SnbOok CMHIIII duly sworn, says that heftne is the Nets, a newspaper pubisbed n t i e Coatyte£*jg£? Staeaf l ^ \ ^ and fe noire of which! putted copy; was publishedfathe left and oh ' i i on Hudson *»iLJL ' • Couapng £ 1 2 3 4 5 6 7 8 9 10 7 « n 12 13 14 15 16 I T • . 20 23 22 23 2* 25 26 27 2B 29 30 31 - _ 1 .•if,' - ron UBDDSnny **e S»«QkQU^ fWftA.^ Sworn to before me Area Conges rC% i& /4JU7& 3D. RICHARD O. ALIEN Notary Pubic, State of New York No. 01AL6086343 Quaffied in Westchester County Term Expires Jan. 21,2007 „-T^~ i ^ - s ^ v * = < > i i f e ^ j - ^ ^ ^adi«lalMHMIM <ml jflayof_j22i H *-E^6tj^K^rS^>iw*wl*^**^^ I M �l "•JD * I / , •• .• • f.ft "••A rrt- - / Notice of Public Hearing Village of Sleepy Hollow A Public Hearing on the Annual Report for the Village's Adopted Stormwater Management Plan will be held by the Board of Trustees on Tuesday, May 25th, 2004 at 8:00 p.m. in Village Hall, 28 Beekman Avenue, Sleepy Hollow, New York. All interested and concerned citizens are invited to attend said hearing and be heard. The Public Hearing is accessible to the handicapped. I By Order of the Board of Trustees Angela Everett, Village Clerk Dated: Af<xy P ^<a o ^ I r.*-cj~.x.i ;-*_* -ri-j5cr£ria»--''& �im • AFFIDAVIT OF PUBUCATION from £he Journal News STATE OF KOV YORK COUNTY OF wEsrc*esrrB* U a ^ L ^ — nan i Ghantel Richards Ossnwg Place PondRfcSge Ms )Oak ClUU^JtinU .being titfy sworn, says t a t hefcne is the principal dak of The Journal News, a newspaper pobisfaed in IheCauty of V s of New York, and tie nofce of which tie araaeed is a a s pupfebed n the newspaper nocated on i left and oh the i en YtarC^i VUey h •b 1 Fate Kisso 2 3 4 5 6 7 •o 20 23 22 23 at 25 8 9 tf 1 0 11 12 13 14 15 16 1 7 1 8 27 * 29 20 3t CBHHBSQR POtt *-JS& MixO <£u^ Gvwxn to before me Area this n y / day of JaLumuy rC% | CoM WCHARDO. A< ACM Notary Pubfc, State o= Maw York Ho. 01AL,;3&3343 Quained in Westchester County Term Expiree Jar.. 21,2007 • ; �1." r» PUBLIC WORKS REPORT MAY 24, 2004 NOTE!!!!!?! MONDAY, MAY 3 1 s ' IS A LEGAL HOLIDAY VILLAGE OFFICES WILL BE CLOSED. MONDAY'S GARBAGE WILL BE PICKED UP ON TUESDAY, TUESDAY'S GARBAGE WILL BE PICKED UP ON WEDNESAY, ALONG WITH RECYCLING!!!!! THURSDAY AND FRIDAY'S S PICKUP REMAINS THE SAME!!!!! Paving work lias begun. Our portion of County House Road was completed today. The other streets to be paved are Cedar Street, Pine Street, Tappan Avenue and N. Washington Street near the bank. We are completing the left over sidewalk program requests from previous years. Water meter reading has been completed. Tree trimming/removal is ongoing. �1*38 i ri V Meeting Date: 05/25/04 Resolution #=x 05/82/04 Be it resolved that the Board of Trustees does hereby confirm the Mayor's appointment of the following people (see list below) as a seasonal employees in the Sleepy Hollow Community Outreach Program (SHCOP) of the Police Department effective May 10,2004 through September 11,2004 at the following hourly rates. ERNEST WASHINGTON CHIDIEBERE ANUFORO FRANKLIN MILLER JOSEPH INFANTE NICKY CUEVES JAMES WARREN MARCUS ATTAWAY ARTHUR REEVES CAROLINE MEJIAS SILVA COPAS THERESA CONNOLLY JOHNLAFARO LOUISE SHARROCK 126 VALLEY ST, SH 6C FRANKLIN CT. TT 126 VALLEY ST, SH 66 COLLEGE AVE, SH 84 BEEKMAN AVE, SH 66 COLLEGE AVE, SH 126 VALLEY ST, SH 100 COLLEGE, SH 144 BEEKMAN AV, SH 176 N WASHINGTON, SH 22WILDEY ST, TARRYTOWN 29PINECL.SH 79 COLLEGE AVE, SH $10.00 $10.00 $10.00 $10.00 $12.00 $15.00 $10.00 $11.00 $11.00 $11.50 $12.75 $12.50 $11.00 I Note: Not all of the above fisted people have started working, most of them will start in late June, and will finish the first weekend in September. Moved: Trustee Hart Seconded: Trustee Grala Vote: Unanimous I �1G9 i Meeting Date: 05/25/04 Resolution*: 05/83/04 Resolution of the Board of Trustees of the Village of Sleepy Hollow Setting Summer Meeting Dates 2004 i Be it resolved that the Board of Trustees of the Village of Sleepy Hollow hereby sets the following Summer Meeting Dates for 2004: Tuesday, June 15, Work Session Tuesday, June 22, Regular Session Tuesday, July 13, Work Session Tuesday, July 20, Regular Session Tuesday, August 10, Work Session Tuesday, August 17, Regular Session Tuesday, September 14, Work Session Tuesday, September 21, Regular Session Moved: Trustee DiFelicc ; Seconded: TrusteeSpota I J1",, ^ . ^ ^ L" _ <«>~^jS;r ^ ,-.- „ - V ^ ^ r f t f ^ ^ A - ^ j t f t ^ ^ • : vote: Unanimous �U6 Meeting Date: 05/25/04 Resolution #: 05/ 8 704 Resolution of the Board of Trustees of the Village of Sleepy Hollow Approving Payment of Carryover Vacation Pay WHEREAS, the Mayor and Board of Trustees have received requests from a number of personnel to carryover accrued vacation leave or to be paid out for some portion of said leave through payroll. Now, Therefore, Be It Resolved that the vacation carryover request of thirteen (13) days submitted by Dwight Douglas is herein approved; and Be it Further Resolved that the requests submitted by Angela Everett, Joseph DeFeo and Richard Gross to receive cash payment for twenty (20) accrued vacation days are hereby approved. Moved: Trustee Spota Seconded: Trustee Vote: Unanimous �\i Meeting Date: May 25, 2004 Resolution #: 05/85/04 Resolution of the Board of Trustees of the Village of Sleepy Hollow To Adopt an Investment Policy Whereas, General Municipal Law requires the governing body of every municipality to adopt an investment policy, and Whereas, this investment policy applies to all moneys and other financial resources available for investment on behalf of the Village of Sleepy Hollow, NY or on behalf of any other entity controlled by the Village of Sleepy Hollow, and Whereas, such investment policy is retroactively effective for fiscal year 20032004 and for fiscal year 2004-2005, and Whereas, it is the recommendation of the Village Treasurer that this policy be adopted for fiscal years 2003-2004 and 2004-2005, and reviewed on a yearly basis before re-adoption, every year thereafter. Now, Therefore, Be it resolved, that the Board of Trustees of the Village of Sleepy Hollow hereby adopts the following investment policy which is intended to be applied to all Village financial resources available for investment. Moved:Trustee S p o t a Seconded:Trustee G r a l a Vote: Unanimous �11 IrfV'EST'MTNrTOLICy yiLLAQ'E Of SLTTTy tfOLLCfW I. SCOTT This investment policy applies to all moneys and other financial resources available for investment on behalf of the Village of Sleepy Hollow, NY, or on behalf of any other entity controlled by the Village of Sleepy Hollow. II. OBWCirVTS The primary objectives of the local government's investment activities are, in priority order, o to conform with all applicable federal, state and other legal requirements (legal); o to adequately safeguard principal (safety); D to provide sufficient liquidity to meet all operating requirements (liquidity); and Q to obtain a reasonable rate of return (yield). III. 'DTLTGAtfOM OT JA'UTMmiTV The governing board's responsibility for administration of the investment program is delegated to the Village Treasurer (chief fiscal officer), who shall establish written procedures for the operation of the investment program consistent with these investment guidelines. Such procedures shall include an adequate internal control structure to provide a satisfactory level of accountability based on a data base or records incorporating description and amounts of investments, transaction dates, and other relevant information and regulate the activities of subordinate employees. �/V. TH11T>TMCE All participants in the investment process shall seek to act responsibility as custodians of the public trust and shall avoid any transaction that might impair public confidence in the Village of Sleepy Hollow, NY to govern effectively. Investments shall be made with judgment and care, under circumstances then prevailing, which persons of prudence, discretion, and intelligence exercise in the management of their own affairs, not for speculation, but for investment, considering the safety of the principal as well as the probable income to be derived. All participants involved in the investment process shall refrain from personal business activity that could conflict with proper execution of the investment program, or which could impair their ability to make impartial investment decisions. y. Ttiy'E'RSI'FICA.'rtON It is the policy of the Village of Sleepy Hollow, NY to diversify its deposits and investments by financial institution, by investment instrument, and by maturity scheduling. yi- I^TTRIHSAL CONTROLS It is the policy of the Village of Sleepy Hollow, NY for all moneys collected by any officer or employee of the Village to transfer those funds to the Village Treasurer within 5 days of receipt, or within the time period specified in law, whichever is shorter. The Village Treasurer is responsible for establishing and maintaining an internal control structure to provide reasonable, bat not absolute, assurance that deposits and investments are safeguarded against loss from unauthorized use or disposition, that transactions are executed in accordance with management's authorization and recorded properly, and are managed in compliance with applicable laws and regulations. �114 I yiL 'DTSIGMA'ZtONOT 'DTTOSI'I'CXRl'ES The banks and trust companies authorized for the deposit of monies up to the maximum amounts are: Depository Name Sleepy I Iollow Bank Wachovia (Former First Union Bank) The Bank of New York Hudson Valley Bank Fleet Bank Hudson United Bank Union State Bank yill. Maximum Amount 10:000,000.00 10,000,000.00 10,000,000.00 10,000,000.00 10,000,000.00 10,000,000.00 10,000,000.00 CO££A'IfE'RA£IZIMG OT VTTOSlTS In accordance with the provisions of General Municipal Law, §10, all deposits of the village of Sleepy Hollow, NY, including certificates of deposit and special time deposits, in excess of the amount insured under the provisions of the Federal Deposit Insurance Act shall be secured: 1. By a pledge of "eligible securities" with an aggregate "market value" as provided by GML §10, equal to the aggregate amount of deposits from the categories designated in Appendix A to the policy. 2. By an eligible "irrevocable letter of credit" issued by a qualified bank other than the bank with the deposits in favor of the government for a term not exceed 90 days with an aggregate value equal to 140% of the aggregate amount of deposits and the agreed upon interest, if any. A qualified bank is one whose commercial paper and other unsecured short-term debt obligations are rated in one of the three highest rating categories by at least one nationally recognized statistical rating organization or by a bank that is in compliance with applicable federal minimum risk-based capital requirements. I �3. By an eligible surety bind payable to the government for an amount at least equal to 100% of the aggregate amount of deposits and the agreed upon interest, if any, executed by an insurance company authorized to do business in New York State, whose claims - paying ability is rated in the highest rating category by at least two nationally recognized statistical rating organizations. IX. SJATTXTTTIMG AMD COLLAttRALlZWriON Eligible securities used for t collateralizing deposits shall be held by the depositary and/or a third party bank or trust company subject to security and custodial agreements The security agreement shall provide that eligible securities are being pledged to secure local government deposits together with agreed upon interest, if any, and any costs or expenses arising out of the collection of such deposits upon default. It shall also provide the conditions under which the securities may be sold, presented for payment, substituted or released and the events which will enable the local government to exercise its rights against the pledged securities. In the event that the securities are not registered or inscribed in the name of the local government, such securities shall be delivered in a form suitable for transfer or with an assignment in blank to the Village of Sleepy Hollow, NY or its custodial bank. The custodial agreement shall provide that securities held by the bank or trust company, or agent of and custodian for, the local government, will be kept separate and apart from the general assets of the custodial bank or trust company and will not, in any circumstances, be commingled with or become part of the backing fro any other deposit or other liabilities. The agreement should also describe that the custodian shall confirm the receipt, substitution or release of securities. The agreement shall provide for the frequency of revaluation of eligible securities and for the substitution of securities when a change in the rating of a security may cause ineligibility. Such agreement shall include all provisions necessary to provide the local government a perfected interest in the securities. �116 I X. TTBJMJT'T'E'D IMV'ESI'MEDWS As authorized by General Municipal Law, §11. the Village of Sleepy Hollow, NY authorizes the Village Treasurer to invest moneys not required for immediate expenditure for terms not to exceed its projected cash flow needs in the following types of investments: Q Special time deposit accounts; Q Certificates of deposit; Q Obligations of the United States of America; a Obligations guaranteed by agencies of the United States of America where I the payment of principal and interest are guaranteed by the United States of America; Q Obligations of the State of New York Q Obligations issued pursuant to LFL §24.00 or 25.00 (with approval of the State Comptroller by any municipality, school district corporation other than the Village of Sleepy Hollow, NY; Q Obligations of public authorities, public housing authorities, urban renewal agencies and industrial development agencies where the general State statutes governing such entities or whose specific enabling legislation authorizes such investments. a Certificates of Participation (COPs) issued pursuant to GML §109-b. Q Obligations of this local government, bat only with any moneys in a reserve fund established pursuant to GML §§6-c, 6-d, 6-e, 6-g, 6-h, 6-j, 6-k, 6-1,6-m, or 6-n. I �AH investment obligations shall be payable or redeemable at the option of the Village of Sleepy Hollow, NY within such times as the proceeds will be needed to meet expenditures for purposes for which the moneys were provided and, in the case of obligations purchased with the proceeds of bonds or notes, shall be payable or redeemable at the option of the Village of Sleepy Hollow, NY within two years of the date of purchase. XI. JAIlTtfORIZT'D TINAfMCISU. IJ^STllMlJOO^S AMD 'DXSM.'E'RS The Village of Sleepy Hollow, NY shall maintain a list of financial institutions and dealers approved for investment purposes and establish appropriate limits to the amount of investments which can be made with each financial institution or dealer. All financial institutions with which the local government conducts business must be credit worthy. Banks shall provide their most recent Consolidated Report of Condition (Call Report) at the request of the Village of Sleepy Hollow. Security dealers not affiliated with a bank shall be required to be classified as reporting dealers affiliated with the New York Federal Reserve Bank, as primary dealers. The Village Treasurer is responsible for evaluating the financial position and maintaining a listing of proposed depositaries, trading partners and custodians. Such listing shall be evaluated at least annually. XII. VU'RCJtAS'E OT IJsTV'ES'nM'EWrs The Village Treasurer is authorized to contact for the purchase of investments: 1. Directly, including through a repurchase agreement, from an authorized trading partner. 2. By participation in a cooperative investment program with another authorized governmental entity pursuant to Article 5G of the General Municipal Law where such program meets all the requirements set forth in the Office of the State Comptroller Opinion no. 88-46, and the specific program has been authorized by the governing board. �118 3. By utilizing an ongoing investment p r o g r a m with an authorized t r a d i n g partner pursuant to a contract authorized by the governing board. AH purchased obligations, unless registered or inscribed in the name of the local government, shall be purchased through, delivered to and held in the custody of a bank or trust company. Such obligations shall be purchased, sold or presented for redemption or payment by such bank or trust company only in accordance with prior written authorization from the officer authorized to make the investment. All such transactions shall be confirmed in writing to the Village of Sleepy Hollow, NY by the bank or trust company. Any obligations held in the custody of a bank or trust company shall be help pursuant to a written custodial agreement as described in General Municipal Law, §10. The custodial agreement shall provide that securities held by the bank or trusts company, as agent of and custodian for, the local government, will be kept separate and apart from the general assets of the custodial bank or trust company and will not, in any circumstances, be commingled with or become part of the backing for any other deposit or other liabilities. The agreement shall describe how the custodian shall confirm the receipt and release of the securities. Such agreement shall include all provisions necessary to provide the local government a perfected interest in the securities. XIII. 'R'E'PWRatiAS'E AG'R'E'EM'EJWS Repurchase agreements are authorized subject to the following restrictions: • AH repurchase agreements must be entered into subject to a Master Repurchase Agreement. a Trading partners are limited to banks or trust companies authorized to do business in New York State and primary reporting dealers. • Obligations shall be limited to obligations of the United States of America and obligations guaranteed by agencies of the United States of America. • No substitution of securities will be allowed. • T h e custodian shall be a party other than the trading partner. �:; t . « 119 i fOR ltfV'ES'T'M'EMl''PO£ICy TtfT VILLAS Of S£TEP]J tfOLLCTW, SCHTDUCE i i of TiigmrE 3*y STCWRIUIS (i) Obligations issued or fully insured or guaranteed as to the payment of principal and interest, by the United States of America, an agency thereof or a United States government sponsored corporation. (ii) Obligations issued or fully guaranteed by the International Bank for Reconstruction and Development, the Inter-American Development Bank, the Asian Development Bank, and the African Development Bank. (iii) Obligations partially insured or guaranteed by any agency of the United States of America, at a proportion of the Market Value of the obligation that represents the amount of the insurance or guaranty. (iv) Obligations issued or fully insured or guaranteed by the State of New York, obligations issued by a municipal corporation, school district or district corporation of such State or obligations of any public benefit corporation which under a specific State statute may be accepted as security for deposit of public moneys. (v) Obligations issued by states (other than New York) of the United States rated in one of the three highest rating categories by at least one nationally recognized statistical rating organization. (vi) Obligations of Puerto Rico rated in one of the three highest rating categories by at least one nationally recognized statistical rating organization. (vii) Obligations of counties, cities and other governmental entities of a state other than New York having the power to levy taxes that are backed by the full faith and credit of such governmental entity and rated in one of the three highest rating categories by at least one nationally recognized statistical rating organization. (viii) Obligations of domestic corporations rated in one of the three highest rating categories by at least one nationally recognized statistical rating organization. (is) Any mortgage related securities, as defined in the Securities Exchange Act of 1934, as amended, which may be purchased by banks under the limitations established by bank regulator)7 agencies. (x) Commercial paper and bankers' acceptance issued by a bank, other than the Bank, rated in the highest short term category by at least one nationally recognized statistical rating organization and having maturities of not longer than 60 days from the date they are pledged. (xi) Zero coupon obligations of the United States government marketed as Treasury strips". �120 Meeting Date: 05/25/04 Resolution #: 0 5 / 8 6 / 0 4 Be it resolved that the Board of Trustees does hereby confirm the Mayor's appointment of Antonio Guzzo, 2 Ridge Street, Sleepy Hollow, New York as a seasonal laborer in the Public Works Department effective May 17, 2004 through the end of August 2004 at an hourly salary of $10.00. Moved:Trustee Seconded: Trustee Zie J y0je.Unanimous �I Meeting Date: Resolution #: I 05/27/04 05/87/04 Resolution of the Board of Trustees of the Village of Sleepy Hollow Authorizing Temporary Street Qosure Palmer Avenue Block Party WHEREAS, residents of Palmer Avenue haverequestedthat Palmer Avenue be dosed to traffic between Bell wood Avenue and Munroe Avenue for a block party. NOW, THEREFORE, BE IT RESOLVED that the Village Board herein authorizes said section of Palmer Avenue to be dosed on Sunday, June 20, 2004, from 3:00 p.m. to 8:30 p.m. The rain date will be Sunday, June 27, 2004. Moved: Trustee DlFelice : seconded: Trustee M u r r a y • Vote: Unanimous I L ^'-4n?-T *-&5r&i?>lJ'&£k �I Meeting Date: 05/25/04 Resolution #: 0 5 ^ 0 4 Resolution of the Board of Trustees of the Village of Sleepy Hollow Regarding Appointment of Jennifer Miles to Board of Trustees of Warner Library WHEREAS, Patricia Ramsey has resigned her position as Chairperson of the Board of Trustees of the Warner Library on May 13, 2004 who was replaced by Carin Rubenstein; and WHEREAS, the Mayor has received a letter/dated May 19, 2004, from Carin Rubenstein recommending the appointment of Jennifer Mites, currently serving on the Fundraising Committee, to replace Patricia Ramsey. NOW, THEREFORE, BE K RESOLVED, that Jennifer Mites is appointed to the Board of Trustees of the Warner Library, effective immediately. Moved: Trustee s Pota Seconded: Trustee Hart Vote: Unanimous �_--i 12 Date: May 25, 2004 Resolution: 05/89/04 Resolution of the Board of Trustees of the Village of Sleepy Hollow accepting Insurance Policy Renewal for the year June 1, 2004 through May 31, 2005 Whereas, that Village of Sleepy Hollow has received and reviewed a proposal for the renewal of Property, General Liability, Automotive, Crime, Public Officials Liability, Property, Boiler & Machinery and Blanket Accident insurance policies and an extended reporting period policy from W.H. Moulton Company, LLC of 701 Westchester Avenue, White Plains, New York 10604. Whereas, the terms, limits and coverage under the renewed policy will remain unchanged from the current policy and Whereas, the total cost of the policies proposed by W.H. Moulton Company, LLC is S 406,980 for the policy period beginning June 1, 2004 through May 31, 2005. Now, Therefore, be it resolved that the Village Board of the Village of Sleepy Hollow approves the insurance policy renewal and authorizes the Mayor of the Village of Sleepy Hollow to execute all documents necessary to carry out the intent of this resolution. iMoved by: Trustee sraia lT.us.tee Seconded by: Z i e j a , Vote: Unanimous �124 I Meeting Date: 05/25/04 Resolution #: 0 5 / 9 0 / 0 4 Resolution of the Board of Trustees of the Village of Sleepy Hollow Authorizing Payment in Lieu of Health Benefits BE I T RESOLVED, that the Village Board authorizes the payment in lieu of health benefits for the fiscal year 2004/2005 as follows: Paul Hood Genette Toone Jimmy warren Larry Cassidy James Margotta Sonia Santiago Moved: T r u s t e e D i F e l i c e $4,924.92 $2,400.00 $4,924.92 $4,000.00 $1,200.00 $3,693.72 SecondedITVIISI-^ s p n f 3 I 'VoteMinaninniic I ^wi^-'v,^ -.^^-- ~ %*"rr j, ^ ^ r ^ ^ . a ^ ^ S S ^ ^ a ^ * ^ - ^ ^ �•> f I STATE OF NEW YORK ) )SS. COUNTY OF WESTCHESTER) AFFIDAVIT OF SERVICE BY UPS Kathleen Cook , being duly sworn, deposes and says", I am not a party to the action, am over 18 years of age and reside at 174 Jay Court, Cross River. NY 10518 . and am employed by Saccardi & Schiff, Inc. That on or about the 12th day of May. 2004,1 served a true copy of the Public Hearing Notice and Village of Sleepy Hollow Zoning Text and Code Amendments, upon: I Town of Mount Pleasant, Supervisor Village of Tarrytown, Mayor Town of Greenburgh, Supervisor Westchester County Planning Board, Gerald Mulligan, Commissioner by sending a true copy of same, enclosed properly in an addressed envelope, with UPS. a^jL Swom to before me this 25th day of May 2004 J0YY.FRANK NOTARY PUBLIC - STATE OF NEW YORK NO.02FR6049096 U M fi WMcneiu tony My ComfflMsh E**N KMO-3006 Notary Pubj/c I I I:\Forms New\Foims\affidavit of scrviccs\addidavit of service by UPS �126 Page 1 of 1 UPS Package Tracking I Home I About UPS | Contact UPS | welcome Center Tracking •^ Track by Tracking Number "> Ti2ck.fcy. Reference I My UPS A WorldShip Customer Address 1 HIHI Track by Tracking Number Number •^ Irnpoit Tracking numbers i •* Track by E-mail "^ Get Quantum View files' -> Request Quantum View rjoiify i -> Void a Shipment A "^tis'P UPS Supply Chain Solutions V i e w Tracking S u m m a r y To see a detailed report for each package, please select the "Detail" link. Tired of Re-Typing Tracking Numbers? Select "Save Tracking Nusr.bers" to easily track packages In the future. ( u j S a v e Tracking Numbers Tracking Number Status Delivery Information 1. 1Z 110 13E 13 4047 766 6 M Detail Delivered Delivered on: Delivered to: Signed by: Service Type: May 13, 2004 10:56 VALHALLA, NY, US JOHNSON NEXT DAY AIR SAV 2. 1Z 110 13E 13 4074 327 0 J 2 Detail Delivered Delivered on: Delivered to: Signed by: Service Type: May 13, 2004 1:55 TARRYTOWN, NY, BUZANSKJ NEXT DAY AIR SAV 3. 1Z 110 13E 13 4031 148 7 B l Detail Delivered Delivered on: Delivered to: Signed by: Service Type: May 13. 2004 12:36 WHITE PLAINS, NY, PURVIS NEXT DAY AIR SAV 4. 1Z 110 13E 13 4089 829 2 1 3 Detail Delivered Delivered on: Delivered to: Signed by: Service Type: May 13, 2004 10:28 WHITE PLAINS, NY, BROWN NEXT DAY AIR SAV I Tracking results provided by UPS: May 25, 2004 9:49 A.M. Eastern Time (USA) NOTICE: UPS authorizes you to use UPS tracking systems solely to track shipments tendered by or for you t delivery and for no cither purpose. Any other use of UPS tracking systems and information is strictly prohibite • Back to Top I CopyngM *> 1994-2004 Un ted Parcel Service of America, Inc. All rights reserved. https://w^^apps.ups.com/etrackingfarc^ 05/25/2004 �PICKUP SUMMARY BARCODE REPORT SHIP DATE: MAY 12, 2004 SHIPPING RECORD: 7920 1597 04 ACCOUNT NUMBER: 110-13E CUSTOMER SACCARDI & SCHIFF, INC. FLR4 STEA 445 HAMILTON AVE AVE WHITE PLAINS NY 10601-1807 91 110 13E 7920 15970 00004 1 DRIVER SUMMARY TOTAL NUMBER OF PACKAGES = 4 1DA 4 2DA 0 3DS 0 INTL CODS pkgsO/shptsO 0 SHIPMENTS SUBJECT TO TERMS OF AGREEMENT ON FILE Received By: Pickup Time: Pkgs: UOW 5.0.37 W L M r M 130.0* OV2HM �128 I Saccardi & Schiff, Inc. DAILY SHIPMENT DETAIL REPORT 05/12/04 05:49 PM Pickup Date: 05/12704 Pickup Record No.: 7920159 70 4 UPS Account No.: 11013 Sorted By:Order of SNpmn Name/Address Shipcpent Detail Ship To: Hoa Robert F. Meeftan, Supervisor Town of Mount Pleasant 1 Town Hall Plaza Valhafia NY 10595-1319 Service Type: Total Packages: Hundredweight: Billable Wt.: Billing Option: Package RefNo.1: Ship From: Kathy Cook Saccardi & Schiff, Inc. SUITE 404 445 HAMILTON AVE White Plains NY 10601-1807 Options UPS NEXT DAY AK SAVER Shipment Service Charge: 1 No LTR Prepaid M-720.16 1Z11013E1340477666 Tracking No.; UPS Letter Package Type: Package RefNo.1: M-720.16 Ship To: Paul Janos, Mayor Village of Tarrytown 21 Wildey Street TARRYTOWN NY 10591-3103 Ship From: Kathy Cook Saccardi & Schiff. Inc. SUITE 404 445 HAMILTON AVE White Plains NY 10601 -1807 Service Type: Total Packages: Hundredweight Billable W t : Billing Option: Package RefNo.1 : Service Type: Total Packages: Hundredweight Billable W t : Billing Option: Package RefNo.1: Package Service Charge: Shipper Amt: UPS Total Charge: 11.00 $ $ $ UPS NEXT 0AY Aft SAVER Shipment Service Charge: 1 No LTR Prepaid M-720.16 1Z11013E1340743270 Tracking No.: UPS Letter Package Type: Package RefNo.1: M-720.16 Ship To: Paul J. Feiner Town of Greenburgh TownHaH 177 Hillside Avenue White Plains NY 10607-1409 Reference Rate Charges Package Service Charge: Snipper Amt: UPS Total Charge: 11.00 11.00 11.00 11.00 I $ $ $ UPS NEXT DAY AR SAVER Shipment Service Charge: 1 No LTR Prepaid M-720.16 11.00 11.00 11.00 11.00 Ship From: Kathy Cook Saccardi & Schiff. inc. SUITE 404 4*5 HAMILTON AVE White Plains NY 10601 -1807 Tracking No.: 1Z11013E1340311487 Package Type: UPS Letter Package RefNo.1: M-720.16 Ship To: Gerald Mufigan, Commissioner Westchester County Planniig Board Mtchaefian Office Bidding 148 Marline Avenue White Plains NY 10601 Service Type: Total Packages: Hundredweight: BtebfeWt: BiSng Option: Package RefNo.1: Package Service Charge: Shipper A m t UPS Total Charge: $ $ $ UPS NEXT DAY AR SAVER Shipment Service Charge: 1 11.00 11.00 11.00 11.00 No LTR I Prepaid M-720.16 Ship From: Kathy Cook Saccardi & Schiff, Inc. SUITE 404 445 HAMILTON AVE White Plains NY 10601-1807 Tracking No.: 1Z11013E1340896292 Package Type: UPS Letter Package RefNo.1: M-720.16 Package Service Charge: SfvQjfjeT Ami: UPS Total Charge: Page 1 UPS OnLine WorldShip 5.0.37 winspool 1025 % $ $ 11.00 11 JO 11J0 �129 I Saccardi & Schiff, Inc. DAILY SHIPMENT DETAIL REPORT 05/12/04 05:49 PM Pickup Date: 05/12/04 Pickup Record No.: 7920159 70 4 UPS Account NOJ 110131 Sorted By:Onfer of SMpnwn Name/Address Shipment Detail Ship To: Paul Janos. Mayor Village of Tarrytown 21 WMey Street TARRYTOWN NY 10591-3103 Service Type: Total Packages: Hundredweight Billable WL: Billing Option: Package RefNo.1: Ship From: Kathy Cook Saccardi & Scruff, Inc. SUITE 404 445 HAMILTON AVE White Plains NY 10601-1807 Reference Rate Charges Options UPS NEXT DAY AIR 1 No LTR Prepaid M-720.16 Shipment Service Charge: 12.75 VOID Tracking No.: 1Z11013E0i40758652 Package Type: UPS Letter Package RefNo.1: M-720.16 Package Service Charge: Shipper Amt: UPS Total Charge: $ $ $ 12.75 12.75 12.75 Summary Totals: I hipment Option ackage Option Shpts Pkgs Ref Charges Billing Option Prepaid TOTAL CHARGES Pkgs Ref Charges 4 Shipment(s) 4Package(s) Shpts 4 Pkgs Ref Charges 4 * 44.00 * 44.00 1 Voided Shipments) 1 Voided Packages) I Page 2 ^*-S.£^%^Tt*j'>4.*iii£jS^ ^^^^*^.t'iuiii- *^?S^»>^^^«E^&^-'S^£££c^ �1 R e s o l u t i o n #: 05/91/04 BOND RESOLUTION, DATED MAY J ^ 2004, AUTHORIZING THE ISSUANCE OF UP TO $182,500 AGGREGATE PRINCIPAL AMOUNT SERIAL BONDS OF THE VILLAGE OF SLEEPY HOLLOW, NEW YORK, PURSUANT TO THE LOCAL FINANCE LAW, TO FINANCE THE COSTS OF THE (I) THE ACQUISITION OF COMMUNICATION SYSTEMS, (II) THE ACQUISITION OF COMPUTER SYSTEMS, AND (HI) THE CONSTRUCTION, RECONSTRUCTION AND ACQUISITION OF HVAC IMPROVEMENTS, IN AND FOR THE VILLAGE. WHEREAS, the Board of Trustees of the Village of Sleepy Hollow (the "Village"), located in Westchester County, 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 communication systems, (ii) the acquisition of computer systems, and (iii) the construction, reconstruction and acquisition of HVAC improvements, in and for the Village, including other preliminary and incidental costs, at a total cost not to exceed $182,500, in accordance with the Local Finance Law; NOW, THEREFORE, BE IT RESOLVED by the Board of Trustees of the Village of Sleepy Hollow, as follows: Section 1. There is hereby authorized to be issued serial bonds of the Village in the aggregate principal amount of up to $182,500, pursuant to the Local Finance Law, in order to finance 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 this bond resolution (collectively, the "Project"), the respective estimated maximum cost of each item of such specific objects or purposes, the principal amount^ of serial bonds authorized herein for such specific objects or purposes, and the period of probable usefulness of such specific objects or purposes or class of objects or purposes thereof pursuant to the applicable subdivision of paragraph a of Section 11.00 of the Local Finance law, are as follows: NcwYork/48487.1 �131 (a) The acquisition of communication systems for the Village, together with applicable incidental and preliminary costs in connection therewith, at an estimated maximum cost of $69,050 for which $69,050 principal amount of serial bonds are authorized herein and appropriated therefore, having a period of probable usefulness often (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 often (10) years computed from the earlier of (a) the date of the first issue of such serial bonds or (b) the date of the first bond anticipation notes issued in anticipation of the issuance of such serial bonds. (b) The acquisition of computer systems in and for the Village, together with applicable incidental and preliminary costs in connection therewith, at an estimated maximum cost of $106,300 for which $106,300 principal amount of serial bonds are authorized herein and appropriated therefore, having a period of probable usefulness of ten (10) 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 often (10) years computed from the earlier of (a) the date of the first issue of such serial bonds or (b) the date of the first bond anticipation notes issued in anticipation of the issuance of such serial bonds. (c) The construction, reconstruction and acquisition of HVAC improvements in and for the Village, together with applicable incidental and prelirrdnary costs in connection therewith, at an estimated maximum cost of $7,150 for which $7,500 principal amount of serial bonds are authorized herein and appropriated therefore, having a period of probable usefulness often (10) years pursuant to subdivision 13 of paragraph a of Section 11.00 of the Local Finance Law (such building being of "Class A" construction as that term is defined in Section 11.00 of the Local 2 NewYork/48487.1 �Finance Law. Such serial bonds shall have a maximum maturity often (10) years computed from the earlier of (a) the date of the first issue of such serial bonds or (b) the date of the first 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 $182,500; (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 $182,500 proceeds of the serial bonds or bond anticipation notes authorized herein; (d) the maturity of the obligations authorized herein will be in excess of five (5) years; and (e) on or before the expenditure of moneys to pay for any item within an object or purpose, or class of object or purpose, set forth herein, for which proceeds of 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. Subject to the terms and conditions of this bond resolution and the Local Finance Law, and pursuant to the provisions of Sections 21.00, 30.00, 50.00 and 56.00 to 60.00, inclusive, of the Local Finance Law, the power to authorize bond anticipation notes in anticipation of the issuance of the serial bonds authorized by this bond resolution and the renewal of such bond anticipation notes and the power to prescribe the terms, form and contents of such serial bonds and such bond anticipation notes authorized by this bond resolution, and the power to issue, sell and deliver such serial bonds and bond anticipation notes are hereby delegated to the Village Treasurer, as the chief fiscal officer of the Village. The Village Treasurer is hereby authorized to execute on behalf of the Village all serial bonds issued pursuant to this bond resolution and all bond anticipation notes issued in anticipation of the 3 NcwYorfc'454S7.1 �133 issuance of such serial bonds, and the Village Clerk is hereby authorized to affix the seal of the Village to all such serial bonds and all such bond anticipation notes and to attest such seal. Each interest coupon, if any, representing interest payable on such serial bonds shall be authenticated by the manual or facsimile signature of the Village Treasurer. Section 5. 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 this bond resolution as the same shall become due. Section 6. When this bond resolution takes effect, the Village Clerk shall cause the same, or a summary thereof, to be published together with a notice in substantially the form prescribed by Section 81.00 of the Local Finance Law in The Journal News, a newspaper having a general circulation in the Village. The validity of the serial bonds authorized by this bond resolution and of bond anticipation notes issued in anticipation of the sale of such serial bonds may be contested only if such obligations are authorized for an object or purpose, or class of object or purpose, for which the Village is not authorized to expend money, or the provisions of law which should be complied with as of the date of the publication of this bond resolution, or a summary thereof, 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 such obligations are authorized in violation of the provisions of the Constitution of the State. Section 7. Prior to the issuance of obligations authorized to be issued by this bond resolution, the Board of Trustees of the Village shall comply with all applicable provisions prescribed in Article 8 of the Environmental Conservation Law, all regulations promulgated. 4 NewYorio'4S4S7.1 �1 o7-!t I thereunder by the New York State Department of Environmental Conservation, and all applicable Federal laws and regulations in connection with environmental quality review relating to the Project (collectively, the "environmental compliance proceedings"). In the event that any of the environmental compliance proceedings are not completed, or require amendment or modification subsequent to the date of adoption of this bond resolution, the Board of Trustees of the Village will re-adopt, amend or modify this bond resolution prior to the issuance of obligations authorized to be issued herein upon the advice of bond counsel. It is hereby determined by the Board of Trustees of the Village that the Project will not have a significant I effect on the environment. Section 8. The Village hereby declares its intention to issue the obligations authorized herein to finance the costs of the Project. The Village covenants for the benefit of the holders of the obligations authorized herein that it will not make any use of the proceeds of such obligations, any funds reasonably expected to be used to pay the principal of or interest on such obligations or any other funds of the Village, and will not make any use of the facilities financed with the proceeds of such obligations which would cause the interest on such obligations to become subject to Federal income taxation under the Internal Revenue Code of 1986, as amended (the "Code"), (except for the alternative minimum tax imposed on corporations by section 55 of the Code) or subject the Village to any penalties under section 148 of the Code, and that it will not take any action or omit to take any action with respect to such obligations, the I proceeds thereof or any facilities financed thereby if such action or omission would cause the interest on such obligations to become subject to Federal income taxation under the Code (except for the alternative minimum tax imposed on corporations by section 55 of the Code) or subject NcwYork/4&487-l �135 the Village to any penalties under section 148 of the Code. The foregoing covenants shall remain in full force and effect notwithstanding the defeasance of the bonds or any other provisions hereof until the date which is sixty (60) days after the final maturity date or earlier prior redemption date thereof. The proceeds of any obligations authorized herein may be applied to reimburse expenditures or commitments of the Village made for such purpose on or after a date which is not more than sixty (60) days prior to the date of adoption of this bond resolution by the Village. Section 9. The Village hereby declares its intention to issue the obligatioas authorized herein to finance costs of the Project. The Village covenants for the benefit of the holders of the obligations authorized herein that it will not make any use of the proceeds of such obligations, any funds reasonably expected to be used to pay the principal of or interest on such obligations or any other funds of the Village, and will not make any use of any of the equipment financed with the proceeds of such obligations which would cause the interest on such obligations to become subject to Federal income taxation under the Internal Revenue Code of 1986, as amended (the "Code"), (except for the alternative minimum tax imposed on corporations by section 55 of the Code) or subject the Village to any penalties under section 148 of the Code, and that it will not take any action or omit to take any action with respect to such obligations, the proceeds thereof or any of the vehicles financed thereby if such action or omission would cause the interest on such obligations to become subject to Federal income taxation under the Code (except for the alternative minimum tax imposed on corporations by section 55 of the Code) or subject the Village to any penalties under section 148 of the Code. The foregoing covenants shall remain in full force and effect notwithstanding the defeasance of the bonds or any other provisions hereof until the date which is 6 NewYorl/48487.1 �sixty (60) days after the final maturity date or earlier prior redemption date thereof. The proceeds of any obligations authorized herein may be applied to reimburse expenditures or commitments of the Village made for such purposes on or after a date which is not more than sixty (60) days prior to the date of adoption of this bond resolution by the Village. Section 10. For the benefit of the holders and beneficial owners from time to time of the bonds and bond anticipation notes authorized pursuant to this bond resolution (the "obligations"), the Village agrees, in accordance with and as an obligated person with respect to the obligations, under Rule 15c2-12 promulgated by the Securities Exchange Commission pursuant to the Securities Exchange Act of 1934 (the "Rule"), to provide or cause to be provided such financial information and operating data, financial statements and notices, in such manner, as may be required for purposes of the Rule. In order to describe and specify certain terms of the Village's continuing disclosure agreement for that purpose, and thereby to implement that agreement, including provisions for enforcement, amendment and termination, the Village Treasurer is authorized and directed to sign and deliver, in the name and on behalf of the Village, the commitment authorized by subsection 6(c) of the Rule (the "Commitment") to be placed on file with the Village Clerk, which shall constitute the continuing disclosure agreement made by the Village for the benefit of holders and beneficial owners of the obligations in accordance which the Rule, with any changes or amendments that are not inconsistent with this bond resolution and not substantially adverse to the Village and that are approved by the Village Treasurer on behalf of the Village, all of which shall be conclusively evidenced by the signing of the Commitment or amendments thereto. The agreement formed, collectively, by this paragraph and the Commitment, shall be the Village's continuing disclosure agreement for purposes of the 7 NcwVork/48487.1 �137 I Rule, and its performance shall be subject to the availability of funds and their annual appropriation to meet costs the Village would be required to incur to perform thereunder. The Village Treasurer is further authorized and directed to establish procedures in order to ensure compliance by the Village with its continuing disclosure agreement, including the timely provision of information and notices. Prior to making any filing in accordance with the agreement or providing notice of the occurrence of any material event, the Village Treasurer shall consult with, as appropriate, the Village Attorney and bond counsel or other qualified independent special counsel to the Village. The Village Treasurer acting in the name and on behalf of the Village, shall be entitled to rely upon any legal advice provided by the Village H Attorney or such bond counsel or other qualified independent special counsel in determining whether a filing should be made. Section 11. This bond resolution is subject to a permissive referendum and will take effect upon its adoption by the Board of Trustees of the Village, and the expiration of the period prescribed in the Village Law during which petitions for a permissive referendum may be submitted and filed with the Village Clerk. Moved: Trustee Zieja Seconded: Trustee Murray Vote:Unanimous Roll Call Vote: Trustees Zieja, Grala, Murray,'Spota. Hart, & DiFelice and Mayor Zegarelli voted YES I 8 NewVorJ<7484g7.1 �1 R e s o l u t i o n #: 05/92/04 BOND RESOLUTION, DATED MAY J * L 2004, AUTHORIZING THE ISSUANCE OF UP TO $102,000 AGGREGATE PRINCIPAL AMOUNT SERIAL BONDS OF THE VILLAGE OF SLEEPY HOLLOW, NEW YORK, PURSUANT TO THE LOCAL FINANCE LAW, TO FINANCE THE COSTS OF THE CONSTRUCTION, RECONSTRUCTION AND ACQUISITION OF IMPROVEMENTS TO THE RESERVOIR IN AND FOR THE VDLLAGE. WHEREAS, the Board of Trustees of the Village of Sleepy Hollow (the "Village"), located in Westchester County, 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 the construction, reconstruction and acquisition of improvements to the reservoir in and for the Village, including other preliminary and incidental costs, at a total cost not to exceed $102,000, in accordance with the Local Finance Law; NOW, THEREFORE, BE IT RESOLVED by the Board of"Trustees of the Village of Sleepy Hollow, as follows: Section 1. There is hereby authorized to be issued serial bonds of the Village in the aggregate principal amount of up to $102,000, pursuant to the Local Finance Law, in order to finance costs of the specific objects or purposes hereinafter described. Section 2. The specific object or purpose to be financed by the issuance of such serial bonds is the acquisition, construction and reconstruction of improvements to the reservoir in and for the Village (the "Project"). Section 3. The Board of Trustees of the Village has ascertained and hereby states that (a) the estimated maximum cost of the Project is $102,000; (b) no money has heretofore been authorized to be applied to the payment of the costs of the Project except as set forth herein; (c) the Board of Trustees of the Village plans to finance the costs of the Project from the SI02,000 proceeds of the serial bonds or bond anticipation notes authorized herein; (d) the maturity of the obligations authorized herein will be in excess of five (5) years; and (e) on or before the NewYork/4S4SS.l �133 expenditure of moneys to pay for any item within an object or purpose set forth herein for which proceeds of 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. It is hereby determined that the Project is a specific object or purpose described in subdivision 3 of paragraph a of Section 11.00 of the Local Finance Law and that the period of probable usefulness of the Project is thirty (30) years. The serial bonds authorized herein shall have a maximum maturity of thirty (30) years computed from the earlier of (a) the date of the first issue of such serial bonds, or (b) the date of the first bond anticipation notes issued in anticipation of the issuance of such serial bonds Section 5. Subject to the terms and conditions of this bond-resolution and the Local Finance Law, and pursuant to the provisions of Sections 21.00, 30.00, 50.00 and 56.00 to 60.00, inclusive, of the Local Finance Law, the power to authorize bond anticipation notes in anticipation of the issuance of the serial bonds authorized by this bond resolution and the renewal of such bond anticipation notes and the power to prescribe the terms, form and contents of such serial bonds and such bond anticipation notes authorized by this bond resolution, and the power to issue, sell and deliver such serial bonds and bond anticipation notes are hereby delegated to the Village Treasurer, as the chief fiscal officer of the Village. The Village Treasurer is hereby authorized to execute on behalf of the Villag'e all serial bonds issued pursuant to this bond resolution and all bond anticipation notes issued in anticipation of the issuance of such serial bonds, and the Village Clerk is hereby authorized to affix the seal of the Village to all such serial bonds and all such bond anticipation notes and to attest such seal. Each 2 NcwYork/48488.1 -. . •• �J£ interest coupon, if any, representing interest payable on such serial bonds shall be authenticated by the manual or facsimile signature of the Village Treasurer. Section 6. 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 this bond resolution as the same shall become due. Section 7. When this bond resolution takes effect, the Village Clerk shall cause the same, or a summary thereof, to be published together with a notice in substantially the form prescribed by Section 81.00 of the Local Finance Law in The Journal News, a newspaper having a general circulation in the Village. The validity of the serial bonds authorized by this bond resolution and of bond anticipation notes issued in anticipation of the sale of such serial bonds may be contested only if such obligations are authorized for an object or purpose, or class of object or purpose, for which the Village is not authorized to expend money, or the provisions of law which should be complied with as of the date of the publication of this bond resolution, or a summary thereof, 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 such obligations are authorized in violation of the provisions of the Constitution of the State. Section 8. Prior to the issuance of obligations authorized to be issued by this bond resolution, the Board of Trustees of the Village shall comply with_ all applicable provisions prescribed in Article 8 of the Environmental Conservation Law, all regulations promulgated thereunder by the New York State Department of Environmental Conservation, and all applicable Federal laws and regulations in connection with environmental quality review relating 3 NcwYork/484S8.1 �Ml to the Project (collectively, the "environmental compliance proceedings"). In the event that any of the environmental compliance proceedings are not completed, or require amendment or modification subsequent to the date of adoption of this bond resolution, the Board of Trustees of the Village will re-adopt, amend or modify this bond resolution prior to the issuance of obligations authorized to be issued herein upon the advice of bond counsel. It is hereby determined by the Board of Trustees of the Village that the Project will not have a significant effect on the environment. Section 9. The Village hereby declares its intention to issue the obligations authorized herein to finance the costs of the Project. The Village covenants for the benefit of the holders of . the obligations authorized herein that it will not make any use of the proceeds of such obligations, any funds reasonably expected to be used to pay the principal of or interest on such obligations or any other funds of the Village, and will not make any use of the facilities financed with the proceeds of such obligations which would cause the interest on such obligations to become subject to Federal income taxation under the Internal Revenue Code of 1986, as amended (the "Code"), (except for the alternative minimum tax imposed on corporations by section 55 of the Code) or subject the Village to any penalties under section 148 of the Code, and that it will not take any action or omit to take any action with respect to such obligations, the proceeds thereof or any facilities financed thereby if such action or omission would cause the interest on such obligations to become subject to Federal income taxation under the Code (except for the alternative minimum tax imposed on corporations by section 55 of the Code) or subject the Village to any penalties under section 148 of the Code. The foregoing covenants shall remain in full force and effect notwithstanding the defeasance of the bonds or any other 4 NcwYoiV4g48S.l �I provisions hereof until the date which is sixty (60) days after the final maturity date or earlier prior redemption date thereof. The proceeds of any obligations authorized herein may be applied to reimburse expenditures or commitments of the Village made for such purpose on or after a date which is not more than sixty (60) days prior to the date of adoption of this bond resolution by the Village. Section 10. The Village hereby declares its intention to issue the obligations authorized herein to finance costs of the Project. The Village covenants for the benefit of the holders of the obligations authorized herein that it will not make any use of the proceeds of such obligations, any funds reasonably expected to be used to pay the principal of or interest o n such obligations or any other funds of the Village, and will not make any use of any of the equipment financed with the proceeds of such obligations which would cause the interest on such obligations to become subject to Federal income taxation under the Internal Revenue Code of 1986, as amended (the "Code"), (except for the alternative minimum tax imposed on corporations by section 55 of the Code) or subject the Village to any penalties under section 148 of the Code, and that it will not take any action or omit to take any action with respect to such obligations, the proceeds thereof or any of the vehicles financed thereby if such action or omission would cause the interest on such obligations to become subject to Federal income taxation under the Code (except for the alternative minimum tax imposed on corporations by section 55 of the Code) or subject the Village to any penalties under section 148 of the Code. The foregoing covenants shall remain in full force and effect notwithstanding the defeasance of the bonds or any other provisions hereof until the date which is sixty (60) days after the final maturity date or earlier prior redemption date thereof. The proceeds of any obligations authorized herein may be applied to reimburse expenditures or commitments of the NcwYork'4S4SS.l 5 �<^1 O Village made for such purposes on or after a date which is not more than sixty (60) days prior to the date of adoption of this bond resolution by the Village. Section 11. For the benefit of the holders and beneficial owners from time to time of the bonds and bond anticipation notes authorized pursuant to this bond resolution (the "obligations"), the Village agrees, in accordance with and as an obligated person with respect to the obligations, under Rule 15c2-12 promulgated by the Securities Exchange Commission pursuant to the Securities Exchange Act of 1934 (the "Rule"), to provide or cause to be provided such financial information and operating data, financial statements and notices, in such manner, as may be required for purposes of the Rule. In order to describe and specify certain terms of the Village's continuing disclosure agreement for that purpose, and thereby to implement that agreement, including provisions for enforcement, amendment and termination, the Village Treasurer is authorized and directed to sign and deliver, in the name and on behalf of the Village, the commitment authorized by subsection 6(c) of the Rule (the "Commitment") to be placed on file with the Village Clerk, which shall constitute the continuing disclosure agreement made by the Village for the benefit of holders and beneficial owners of the obligations in accordance which the Rule, with any changes or amendments that are not inconsistent with this bond resolution and not substantially adverse to the Village and that are approved by the Village Treasurer on behalf of the Village, all of which shall be conclusively evidenced by the signing of the Commitment or amendments thereto. The agreement formed, collectively, by this paragraph and the Commitment, shall be the Village's continuing disclosure agreement for purposes of the Rule, and its performance shall be subject to the availability of funds and their annual appropriation to meet costs the Village would be required to incur to perform thereunder. The 6 NcwYorfc'48488.1 �i-:-4 I Village Treasurer is further authorized and directed to establish procedures in order to ensure compliance by the Village with its continuing disclosure agreement, including the timely provision of information and notices. Prior to making any filing in accordance with the agreement or providing notice of the occurrence of any material event, the Village Treasurer shall consult with, as appropriate, the Village Attorney and bond counsel or other qualified independent special counsel to the Village. The Village Treasurer acting in the name and on behalf of the Village, shall be entitled to rely upon any legal advice provided by the Village Attorney or such bond counsel or other qualified independent special counsel in determining H whether a filing should be made. Section 12. This bond resolution is subject to a permissive referendum and will take effect upon its adoption by the Board of Trustees of the Village and the expiration of the period prescribed in the Village Law during which petitions for a permissive referendum may be submitted andfiledwith the Village Clerk. Moved: Trustee DiFelice Seconded: Trustee Spota I 7 NewYoric/48488.1 Vote: Unanimous �m Resolution^: 05/93/04 BOND RESOLUTION, DATED MAY 2 5 , 2CMM, AUTHORIZING T H E ISSUANCE OF UP TO $43,600 AGGREGATE PRINCIPAL AMOUNT SERIAL BONDS OF THE VILLAGE OF SLEEPY HOLLOW, NEW YORK, PURSUANT TO THE LOCAL FINANCE LAW, TO FINANCE THE COSTS OF THE CONSTRUCTION, RECONSTRUCTION AND ACQUISITION OF BUILDING IMPROVEMENTS IN AND FOR THE VILLAGE. WHEREAS, the Board of Trustees of the Village of Sleepy Hollow (the "Village"), located in Westchester County, 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 the construction,,/ reconstruction and acquisition of buildings improvements, including the ambulance carport. A lighthouse and the Village Hall roof and offices, in and for the Village, including other preliminary and incidental costs, at a total cost not to exceed $43,600, in accordance with the Local Finance Law; NOW, THEREFORE, BE IT RESOLVED by the Board of Trustees of the Village of Sleepy Hollow, as follows: Section 1. There is hereby authorized to be issued serial bonds of the Village in the aggregate principal amount of up to $43,600, pursuant to the Local Finance Law, in order to finance costs of the specific objects or purposes hereinafter described. Section 2. The specific object or purpose to be financed by the issuance of such serial bonds is the acquisition, construction and reconstruction of buildings improvements, including the ambulance carport, a lighthouse and the Village Hall roof and offices, in and for the Village (the "Project"). Section 3. The Board of Trustees of the Village has ascertained and hereby states that (a) the estimated maximum cost of the Project is S58,500; (b) no money has heretofore been authorized to be applied to the payment of the costs of the Project except as set forth herein; (c) the Board of Trustees of the Village plans to finance the costs of the Project from (i) the $43,600 NcwYork/4S490.1 �-t I proceeds of the serial bonds or bond anticipation notes authorized herein and (ii) SI5,750 in other available funds designated by the Village; (d) the maturity of the obligations authorized herein will be in excess of five (5) years; and (e) on or before the expenditure of moneys to pay for any item within an object or purpose set forth herein for which proceeds of 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. It is hereby determined that the Project is a specific object or purpose described in subdivision 12(a)(1) of paragraph a of Section 11.00 of the Local Finance Law and H that the period of probable usefulness of the Project is twenty-five (25) years (such buildings being of "Class A" construction as that term is defined in Section 11.00 of the Local Finance Law). The serial bonds authorized herein shall have a maximum maturity of twenty-five (25) years computed from the earlier of (a) the date of the first issue of such serial bonds, or (b) the date of the first bond anticipation notes issued in anticipation of the issuance of such serial bonds Section 5. Subject to the terms and conditions of this bond resolution and the Local Finance Law, and pursuant to the provisions of Sections 21.00, 30.00, 50.00 and 56.00 to 60.00, inclusive, of the Local Finance Law, the power to authorize bond anticipation notes in anticipation of the issuance of the serial bonds authorized by this bond resolution and the renewal of such bond anticipation notes and the power to prescribe the terms, form and contents I of such serial bonds and such bond anticipation notes authorized by this bond resolution, and the power to issue, sell and deliver such serial bonds and bond anticipation notes are hereby delegated to the Village Treasurer, as the chief fiscal officer of the Village. The Village Treasurer is hereby authorized to execute on behalf of the Village all serial bonds issued 2 NewYorit/4S490.1 It (\ �13? pursuant to this bond resolution and all bond anticipation notes issued in anticipation of the issuance of such serial bonds, and the Village Clerk is hereby authorized to affix the seal of the Village to all such serial bonds and all such bond anticipation notes and to attest such seal. Each interest coupon, if any, representing interest payable on such serial bonds shall be authenticated by the manual or facsimile signature of the Village Treasurer. Section 6. 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 this bond resolution as the same shall become due. Section 7. When this bond resolution takes effect, the Village Clerk shall cause the same, or a summary thereof, to be published together with a notice in substantially the form prescribed by Section 81.00 of the Local Finance Law in The Journal News, a newspaper having a general circulation in the Village. The validity of the serial bonds authorized by this bond resolution and of bond anticipation notes issued in anticipation of the sale of such serial bonds may be contested only if such obligations are authorized for an object or purpose, or class of object or purpose, for which the Village is not authorized to expend money, or the provisions of law which should be complied with as of the date of the publication of this bond resolution, or a summary thereof, 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 such obligations are authorized in violation of the provisions of the Constitution of the State. Section 8. Prior to the issuance of obligations authorized to be issued by this bond resolution, the Board of Trustees of the Village shall comply with all applicable provisions 3 KcwYork/45490.1 �prescribed in Article 8 of the Environmental Conservation Law, all regulations promulgated thereunder by the New York State Department of Environmental Conservation, and all applicable Federal laws and regulations in connection with environmental quality review relating to the Project (collectively, the "environmental compliance proceedings"). In the event that any of the environmental compliance proceedings are not completed, or require amendment or modification subsequent to the date of adoption of this bond resolution, the Board of Trustees of the Village will re-adopt, amend or modify this bond resolution prior to the issuance of obligations authorized to be issued herein upon the advice of bond counsel. It is hereby determined by the Board of Trustees of the Village that the Project will not have a significant effect on the environment. Section 9. The Village hereby declares its intention to issue the obligations authorized herein to finance the costs of the Project. The Village covenants for the benefit of the holders of the obligations authorized herein that it will not make any use of the proceeds of such obligations, any funds reasonably expected to be used to pay the principal of or interest on such obligations or any other funds of the Village, and will not make any use of the facilities financed with the proceeds of such obligations which would cause the interest on such obligations to become subject to Federal income taxation under the Internal Revenue Code of 1986, as amended (the "Code"), (except for the alternative minimum tax imposed on corporations by section 55 of the Code) or subject the Village to any penalties under section 148 of the Code, and that it will not take any action or omit to take any action with respect to such obligations, the proceeds thereof or any facilities financed thereby if such action or omission would cause the interest on such obligations to become subject to Federal income taxation under the Code (except 4 N:wYorU4S490.l �14d for the alternative minimum tax imposed on corporations by section 55 of the Code) or subject the Village to any penalties under section 148 of the Code. The foregoing covenants shall remain in full force and effect notwithstanding the defeasance of the bonds or any other provisions hereof until the date which is sixty (60) days after the final maturity date or earlier prior redemption date thereof. The proceeds of any obligations authorized herein may be applied to reimburse expenditures or commitments of the Village made for such purpose on or after a date which is not more than sixty (60) days prior to the date of adoption of this bond resolution by the Village. Section 10. The Village hereby declares its intention to issue the obligations authorized herein to finance costs of the Project. The Village covenants for the benefit of the holders of the obligations authorized herein that it will not make any use of the proceeds of such obligations, any funds reasonably expected to be used to pay the principal of or interest on such obligations or any other funds of the Village, and will not make any use of any of the equipment financed with the proceeds of such obligations which would cause the interest on such obligations to become subject to Federal income taxation under the Internal Revenue Code of 1986, as amended (the "Code"), (except for the alternative minimum tax imposed on corporations by section 55 of the Code) or subject the Village to any penalties under section 148 of the Code, and that it will not take any action or omit to take any action with respect to such obligations, the proceeds thereof or any of the vehicles financed thereby if such action or omission would cause the interest on such obligations to become subject to Federal income taxation under the Code (except for the alternative rninimum tax imposed on corporations by section 55 of the Code) or subject the Village to any penalties under section 148 of the Code. The foregoing covenants shall remain in full force and effect 5 NewYort'4&4901 �notwithstanding the defeasance of the bonds or any other provisions hereof until the date which is sixty (60) days after the final maturity date or earlier prior redemption date thereof. The proceeds of any obligations authorized herein may be applied to reimburse expenditures or commitments of the Village made for such purposes on or after a date which is not more than sixty (60) days prior to the date of adoption of this bond resolution by the Village. Section 11. For the benefit of the holders and beneficial owners from time to time of the bonds and bond anticipation notes authorized pursuant to this bond resolution (the "obligations"), the Village agrees, in accordance with and as an obligated person with respect to the obligations, under Rule 15c2-12 promulgated by the Securities Exchange Commission pursuant to the Securities Exchange Act of 1934 (the "Rule"), to provitie or cause to be provided such financial information and operating data, financial statements and notices, in such manner, as may be required for purposes of the Rule. In order to describe and specify certain terms of the Village's continuing disclosure agreement for that purpose, and thereby to implement that agreement, including provisions for enforcement, amendment and* termination, the Village Treasurer is authorized and directed to sign and deliver, in the name and on behalf of the Village, the commitment authorized by subsection 6(c) of the Rule (the "Commitment") to be placed on file with the Village Clerk, which shall constitute the continuing disclosure agreement made by the Village for the benefit of holders and beneficial owners of the obligations in accordance which the Rule, with any changes or amendments that are not inconsistent with this bond resolution and not substantially adverse to the Village and that are approved by the Village Treasurer on behalf of the Village, all of which shall be conclusively evidenced by the signing of the Commitment or amendments thereto. The agreement formed, collectively, by this paragraph 6 NewYoTk/4S490.1 �i D and the Commitment, shall be the Village's continuing disclosure agreement for purposes of the Rule, and its performance shall be subject to the availability of funds and their annual appropriation to meet costs the Village would be required to incur to perform thereunder. The Village Treasurer is further authorized and directed to establish procedures in order to ensure compliance by the Village with its continuing disclosure agreement, including the timely provision of information and notices. Prior to making any filing in accordance with the agreement or providing notice of the occurrence of any material event, the Village Treasurer shall consult with, as appropriate, the Village Attorney and bond counsel or other qualified independent special counsel to the Village. The Village Treasurer acting in the name and on behalf of the Village, shall be entitled to'rely upon any legal advice provided by the Village Attorney or such bond counsel or other qualified independent special counsel in determining whether a filing should be made. Section 12. This bond resolution is subject to a permissive referendum and will take effect upon its adoption by the Board of Trustees of the Village and the expiration of the period prescribed in the Village Law during which petitions for a permissive referendum may be submitted and filed with the Village Clerk. Moved: Trustee Spota Seconded: 7 NcwYork/48490.1 Trustee Hart Vote: Unanimous �1 I **£, Resolution # 05/94/04 BOND RESOLUTION, DATED MAY 2 5 , 2004, AUTHORIZING THE ISSUANCE OF UP TO $153,800 AGGREGATE PRINCIPAL AMOUNT SERIAL BONDS OF THE VILLAGE OF SLEEPY HOLLOW, NEW YORK, PURSUANT TO THE LOCAL FINANCE LAW, TO FINANCE THE COSTS OF THE (I) THE ACQUISITION OF FIRE-FIGHTING APPARATUS AND (II) THE ACQUISITION OF A TRAFFIC SIGNAL SYSTEM, IN AND FOR THE VILLAGE. WHEREAS, the Board of Trustees of the Village of Sleepy Hollow (the "Village"), located in Westchester County, 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 fire- I fighting apparatus and (ii) the acquisition of a traffic signal system, in and for the Village, including other preliminary and incidental costs, at a total cost not to exceed $153,800, in accordance with the r Local Finance Law; NOW, THEREFORE, BE IT RESOLVED by the Board of Trustees of the Village of Sleepy Hollow, as follows: * Section 1. There is hereby authorized to be issued serial bonds of the Village in the aggregate principal amount of up to $153,800, pursuant to the Ix>cal Finance Law, in order to finance costs of the specific obj ects or purposes hereinafter described. Section 2. The specific objects or purposes or class of objects 'ox purposes to be financed pursuant to this bond resolution (collectively, the "Project"), the respective estimated maximum cost of each item of such specific objects or purposes, the principal amount of serial bonds authorized I herein for such specific objects or purposes, and the period of probable usefulness of such specific objects or purposes or class of objects or purposes 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 fire-fighting apparatus for the Vil'age, together with applicable incidental and preliminary costs in connection therewith, at an estimated maximum cost of Nc*York/4S4S4.1 "^'^^^"-""•^iSta&sSiwetf �153 5148,300 for which $148,300 principal amount of serial bonds are authorized herein and appropriated therefore, having a period of probable usefulness of twenty (20) 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 twenty (20) years computed from the earlier of (a) the date of the first issue of such serial bonds or (b) the date of the first bond anticipation notes issued in anticipation of the issuance of such serial bonds. (b) The acquisition of a traffic signal system for the Village, together with applicable incidental and preliminary costs in connection therewith, at an estimated maximum cost of $5,500 for which S5,500 principal amount of serial bonds are authorized herein and appropriated therefore, having a period of probable usefulness of twenty (20) years pursuant to subdivision 72(a) of paragraph a of Section 11.00 of the Local Finance Law. Such serial bonds shall have a maximum maturity of twenty (20) years computed from the earlier of (a) the date of the first issue of such serial bonds or (b) the date of the first 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 $153,800; (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 Hie $153,800 proceeds of the serial bonds or bond anticipation notes authorized herein; (d) the maturity of the obligations authorized herein will be in excess of five (5) years; and (e) on or before the expenditure of moneys to pay for any item within an object or purpose, or class of object or purpose, set forth herein, for which proceeds of 2 NcwYork/484S4.1 �* r. *m i 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 capitalfinancingof such item. Section 4. Subject to the terms and conditions of this bond resolution and the Local Finance Law, and pursuant to the provisions of Sections 21.00, 30.00, 50.00 and 56.00 to 60.00, inclusive, of the Local Finance Law, the power to authorize bond anticipation notes in anticipation of the issuance of the serial bonds authorized by this bond resolution and the renewal of such bond anticipation notes and the power to prescribe the terms, form and contents of such serial bonds and such bond anticipation notes authorized by this bond resolution, and the i power to issue, sell and deliver such serial bonds and bond anticipation notes are hereby delegated to the Village Treasurer, as the chief fiscal officer of the Village. The Village Treasurer is hereby authorized to execute on behalf of the Village all serial bonds issued pursuant to this bond resolution and all bond anticipation notes issued in anticipation of the issuance of such serial bonds, and the Village Clerk is hereby authorized to affix the seal of the Village to all such serial bonds and all such bond anticipation notes and to attest such seal. Each interest coupon, if any, representing interest payable on such serial bonds shall be authenticated by the manual or facsimile signature of the Village Treasurer. Section 5. 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 i pursuant to this bond resolution as the same shall become due. NcwYorfcM84S4.1 �155 Section 6. When this bond resolution takes effect, the Village Clerk shall cause the same, or a summary thereof, to be published together with a notice in substantially the form prescribed by Section 81.00 of the Local Finance Law in The Journal News, a newspaper having a general circulation in the Village. The validity of the serial bonds authorized by this bond resolution and of bond anticipation notes issued in anticipation of the sale of such serial bonds may be contested only if such obligations are authorized for an object or purpose, or class of object or purpose, for which the Village is not authorized to expend money, or the provisions of law which should be complied with as of the date of the publication of this bond resolution, or a summary thereof, are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty (20) days after th'e date of such publication, or if such obligations are authorized in violation of the provisions of the Constitution of the State. Section 7. Prior to the issuance of obligations authorized to be issued by this bond resolution, the Board of Trustees of the Village shall comply with" all applicable provisions prescribed in Article 8 of the Environmental Conservation Law, all regulations promulgated thereunder by the New York State Department of Environmental Conservation, and all applicable Federal laws and regulations in connection with environmental quality review relating to the Project (collectively, the "environmental compliance proceedings"). In the event that any of the environmental compliance proceedings are not completed, or require amendment or modification subsequent to the date of adoption of this bond resolution, the Board of Trustees of the Village will re-adopt, amend or modify this bond resolution prior to the issuance of obligations authorized to be issued herein upon the advice of bond counsel. 4 NcwVoric/48484.1 It is hereby �determined by the Board of Trustees of the Village that the Project will not have a significant effect on the environment. Section 8. The Village hereby declares its intention to issue the obligations authorized herein to finance the costs of the Project. The Village covenants for the benefit of the holders of the obligations authorized herein that it will not make any use of the proceeds of such obligations, any funds reasonably expected to be used to pay the principal of or interest on such obligations or any other funds of the Village, and will not make any use of the facilities financed with the proceeds of such obligations which would cause the interest on such obligations to become subject to Federal income taxation under the Internal Revenue Code of 1986, as amended (the "Code"), (except for the alternative minimum tax imposed on corporations by section 55 of the Code) or subject the Village to any penalties under section 148 of the Code, and that it will not take any action or omit to take any action with respect to such obligations, the proceeds thereof or any facilities financed thereby if such action or omission would cause the interest on such obligations to become subject to Federal income taxatipn under the Code (except for the alternative minimum tax imposed on corporations by section 55 of the Code) or subject the Village to any penalties under section 148 of the Code. The foregoing covenants shall remain in full force and effect notwithstanding the defeasance of the bonds or any other provisions hereof until the date which is sixty (60) days after the final maturity date or earlier prior redemption date thereof. The proceeds of any obligations authorized herein may be applied to reimburse expenditures or commitments of the Village made for such purpose on or after a date which is not more than sixty (60) days prior to the date of adoption of this bond resolution by the Village. 5 N£wYoA/4M84.1 �15? Section 9. The Village hereby declares its intention to issue the obligations authorized herein to finance costs of the Project. The Village covenants for the benefit of the holders of the obligations authorized herein that it will not make any use of the proceeds of such obligations, any funds reasonably expected to be used to pay the principal of or interest on such obligations or any other funds of the Village, and will not make any use of any of the equipment financed with the proceeds of such obligations which would cause the interest on such obligations to become subject to Federal income taxation under the Internal Revenue Code of 1986,-as amended (the "Code"), (except for the alternative minimum tax imposed on corporations by section 55 of the Code) or subject the Village to any penalties under section 148 of the Code, and that it will not take any action or omit to take any action with respect to such obligations, the proceeds thereof or any of the vehicles financed thereby if such action or omission would cause the interest on such obligations to become subject to Federal income taxation under the Code (except for the alternative rninimum tax imposed on corporations by section 55 of the Code) or subject the Village to any penalties under section 148 of the Code. The foregoing covenants shall remain in full force and effect notwithstanding the defeasance of the bonds or any other provisions hereof until the date which is sixty (60) days after the final maturity date or earlier prior redemption date thereof. The proceeds of any obligations authorized herein may be applied to reimburse expenditures or commitments of the Village made for such purposes on or after a date which is not more than sixty (60) days prior to the date of adoption of this bond resolution by the Village. Section 10. For the benefit of the holders and beneficial owners from time to time of the bonds and bond anticipation notes authorized pursuant to this bond resolution (the "obligations"), the Village agrees, in accordance with and as an obligated person with respect to 6 NewYork/4&4S4.1 �the obligations, under Rule 15c2-12 promulgated by the Securities Exchange Commission pursuant to the Securities Exchange Act of 1934 (the "Rule"), to provide or cause to be provided such financial information and operating data, financial statements and notices, in such manner, as may be required for purposes of the Rule. In order to describe and specify certain terms of the Village's continuing disclosure agreement for that purpose, and thereby to implement that agreement, including provisions for enforcement, amendment and termination, the Village Treasurer is authorized and directed to sign and deliver, in the name and on behalf of the Village, the commitment authorized by subsection 6(c) of the Rule (the "Commitment") to be placed on file with the Village Clerk, which shall constitute the continuing disclosure agreement made by the Village for the benefit of holders and beneficial owners of the obligations in accordance which the Rule, with any changes or amendments that are not inconsistent with this bond resolution and not substantially adverse to the Village and that are" approved by the Village Treasurer on behalf of the Village, all of which shall be conclusively evidenced by the signing of the Commitment or amendments thereto. The agreement formed, collectively, by this paragraph and the Commitment, shall be the Village's continuing disclosure agreement for purposes of the Rule, and its performance shall be subject to the availability of funds and their annual appropriation to meet costs the Village would be required to incur to perform thereunder. The Village Treasurer is further authorized and directed to establish procedures in order to ensure compliance by the Village with its continuing disclosure agreement, including the timely provision of information and notices. Prior to making any filing in accordance with the agreement or providing notice of the occurrence of any material event, the Village Treasurer shall consult with, as appropriate, the Village Attorney and bond counsel or other qualified 7 NewYork/4S484.1 �I independent special counsel to the Village. The Village Treasurer acting in the name and on behalf of the Village, shall be entitled to rely upon any legal advice provided by the Village Attorney or such bond counsel or other qualified independent special counsel in determining whether a filing should be made. Section 11. This bond resolution is subject to a permissive referendum and will take effect upon its adoption by the Board of Trustees of the Village and the expiration of the period prescribed in the Village Law during which petitions for a permissive referendum may be submitted and filed with the Village Clerk. Moved: Trustee Hart Seconded: Trustee Grala Vote: Unanimous I I NewY<Hkft$4S4.1 » 4 * i » i t . ^ K ^ ^ ^ _* ^ ^^^r-*^^^^^^^^*^^ �R e s o l u t i o n #: 05/95/04 BOND RESOLUTION, DATED MAY J ^ L 2004, AUTHORIZING THE ISSUANCE OF UP TO $992,000 AGGREGATE PRINCIPAL AMOUNT SERIAL BONDS OF THE VILLAGE OF SLEEPY HOLLOW, NEW YORK, PURSUANT TO THE LOCAL FINANCE LAW, TO FINANCE THE COSTS OF THE (I) THE ACQUISITION OF MACHINERY AND APPARATUS FOR CONSTRUCTION AND MAINTENANCE AND (II) THE CONSTRUCTION, RECONSTRUCTION AND ACQUISITION OF VARIOUS PARK IMPROVEMENTS, IN AND FOR THE VDLLAGE. WHEREAS, the Board of Trustees of the Village of Sleepy Hollow (the "Village"), located in Westchester County, 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 machinery and apparatus for construction and maintenance and (ii) the construction, reconstruction and acquisition of various park improvements, in and for the Village, including other preliminary and incidental costs, at a total cost not to exceed $992,000, in accordance with the Local Finance Law; NOW, THEREFORE, BE IT RESOLVED by the Board of Trustees of the Village of Sleepy Hollow, as follows: Section 1. There is hereby authorized to be issued serial bonds of the Village in the aggregate principal amount of up to $992,000, pursuant to the Local Finance Law, in order to finance 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 this bond resolution (collectively, the "Project"), the respective estimated maximum cost of each item of such specific objects or purposes, the principal amount of serial bonds authorized herein for such specific objects or purposes, and the period of probable usefulness of such specific objects or purposes or class of objects or purposes thereof pursuant to the applicable subdivision of paragraph a of Section 11.00 of the Local Finance law, are as follows: NcwYork/4S4S5.I �161 (a) The acquisition of machinery and apparatus for construction and maintenance for the Village, together with applicable incidental and preliminary costs in connection therewith, at an estimated maximum cost of S746,000 for which 5746,000 principal amount of serial bonds are authorized 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 fifteen (15) years computed from the earlier of (a) the date of the first issue of such serial bonds or (b) the date of the first bond anticipation notes issued in anticipation of the issuance of such serial bonds. (b) The construction, reconstruction and acquisition of various park improvements in and for the Village, together with applicable incidental and preliminary costs in connection therewith, at an estimated maximum cost of $246,000 for which 5906,000 principal amount of serial bonds are authorized 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 fifteen (15) years computed from the earlier of (a) the date of the first issue of such serial bonds or (b) the date of the first 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 5992,000; (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 (i) the 5992,000 proceeds of the serial bonds or bond anticipation notes authorized herein and (ii) other designated funds of the Village; (d) the maturity of the obligations authorized herein will be in excess of five (5\ years; and (e) on or before 2 NcwYork/4S4S5.1 �the expenditure of moneys to pay for any item within an object or purpose, or class of object or purpose, set forth herein, for which proceeds of 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. Subject to the terms and conditions of this bond resolution and the Local Finance Law, and pursuant to the provisions of Sections 21.00, 30.00, 50.00 and 56.00 to 60.00, inclusive, of the Local Finance Law, the power to authorize bond anticipation notes * in anticipation of the issuance of the serial bonds authorized by this bond resolution and the renewal of such bond anticipation notes and the power to prescribe the terms, form and contents of such serial bonds and such bond anticipation notes authorized by this bond resolution, and the power to issue, self and deliver such serial bonds and bond anticipation notes are hereby delegated to the Village Treasurer, as the chief fiscal officer of the Village. The Village Treasurer is hereby authorized to execute on behalf of the Village all serial bonds issued pursuant to this bond resolution and all bond anticipation notes issued in anticipation of the issuance of such serial bonds, and the Village Clerk is hereby authorized to affix the seal of the Village to all such serial bonds and all such bond anticipation notes and to attest such seal. Each interest coupon, if any, representing interest payable on such serial bonds shall be authenticated by the manual or facsimile signature of the Village Treasurer. Section 5. 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 this bond resolution as the same shall become due. 3 NewYotV4S4S5.1 �no Section 6. When this bond resolution takes effect, the Village Clerk shall cause the same, or a summary thereof, to be published together with a notice in substantially the form prescribed by Section 81.00 of the Local Finance Law in The Journal News, a newspaper having a general circulation in the Village. The validity of the serial bonds authorized by this bond resolution and of bond anticipation notes issued in anticipation of the sale of such serial bonds may be contested only if such obligations are authorized for an object or purpose, or class of object or purpose, for which the Village is not authorized to expend money, or the provisions of law which should be complied with as of the date of the publication of this bond resolution, or a summary thereof, 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 such obligations are authorized in violation of the provisions of the Constitution of the State. Section 7. Prior to the issuance of obligations authorized to be issued by this bond resolution, the Board of Trustees of the Village shall comply with all applicable provisions prescribed in Article 8 of the Environmental Conservation Law, all regulations promulgated thereunder by the New York State Department of Environmental Conservation, and all applicable Federal laws and regulations in connection with environmental quality review relating to the Project (collectively, the "environmental compliance proceedings"). In the event that any of the environmental compliance proceedings are not completed, or require amendment or modification subsequent to the date of adoption of this bond resolution, the Board of Trustees of the Village will re-adopt, amend or modify this bond resolution prior to the issuance of obligations authorized to be issued herein upon the advice of bond counsel. 4 NcwYork/W85.t It is hereby �(* determined by the Board of Trustees of the Village that the Project will not have a significant effect on the environment. Section 8. The Village hereby declares its intention to issue the obligations authorized herein to finance the costs of the Project. The Village covenants for the benefit of the holders of the obligations authorized herein that it will not make any use of the proceeds of such obligations, any funds reasonably expected to be used to pay the principal of or interest on such obligations or any other funds of the Village, and will not make any use of the facilities financed with the proceeds of such obligations which would cause the interest on such obligations to become subject to Federal income taxation under the Internal Revenue Code of 1986, as amended (the "Code"), (except for the alternative minimum tax imposed on corporations by section 55 of the Code) or subject the Village to any penalties under section 148 of the Code, and that it will not take any action or omit to take any action with respect to such obligations, the proceeds thereof or any facilities financed thereby if such action or omission would cause the interest on such obligations to become subject to Federal income taxation under the Code (except for the alternative minimum tax imposed on corporations by section 55 of the Code) or subject the Village to any penalties under section 148 of the Code. The foregoing covenants shall remain in full force and effect notwithstanding the defeasance of the bonds or any other provisions hereof until the date which is sixty (60) days after the final maturity date or earlier prior redemption date thereof. The proceeds of any obligations authorized herein may be applied to reimburse expenditures or commitments of the Village made for such purpose on or after a date which is not more than sixty (60) days prior to the date of adoption of this bond resolution by the Village. 5 NewYoric'4WS5.1 A �I Section 9. The Village hereby declares its intention to issue the obligations authorized herein to finance costs of the Project. The Village covenants for the benefit of the holders of the obligations authorized herein that it will not make any use of the proceeds of such obligations, any funds reasonably expected to be used to pay the principal of or interest on such obligations or any other funds of the Village, and will not make any use of any of the equipment financed with the proceeds of such obligations which would cause the interest on such obligations to become subject to Federal income taxation under the Internal Revenue Code of 1986, as amended (the "Code"), (except for the alternative minimum tax imposed on corporations by section 55 of the Code) or subject the Village to any penalties under section 148 of the Code, and that it will not take any action or omit to take any action with respect to such obligations, the proceeds thereof or any of the I vehicles financed thereby if such action or omission would cause the interest on such obligations to become subject to Federal income taxation under the Code (except for the alternative minimum tax imposed on corporations by section 55 of the Code) or subject the Village to any penalties under section 148 of the Code. The foregoing covenants shall remain in full force and effect notwithstanding the defeasance of the bonds or any other provisions hereof until the date which is sixty (60) days after the final maturity date or earlier prior redemption date thereof. The proceeds of any obligations authorized herein may be applied to reimburse expenditures or commitments of the Village made for such purposes on or after a date which is not more than sixty (60) days prior to the date of adoption of this bond resolution by the Village. Section 10. For the benefit of the holders and beneficial owners from time to time of the bonds and bond anticipation notes authorized pursuant to this bond resolution (the "obligations"), the Village agrees, in accordance with and as an obligated person with respect to 6 NewYork/4$485.1 I �- 1 the obligations, under Rule 15c2-12 promulgated by the Securities Exchange Commission pursuant to the Securities Exchange Act of 1934 (the "Rule"), to provide or cause to be provided such financial information and operating data, financial statements and notices, in such manner, as may be required for purposes of the Rule. In order to describe and specify certain terms of the Village's continuing disclosure agreement for that purpose, and thereby to implement that agreement, including provisions for enforcement, amendment and-termination, the Village Treasurer is authorized and directed to sign and deliver, in the name and on behalf of the Village, the commitment authorized by subsection 6(c) of the Rule (the "Commitment") to be placed on file with the Village Clerk, which shall constitute the continuing disclosure agreement made by the Village for the benefit of holders and beneficial owners of the obligations in accordance which the Rule, with any changes or amendments that are not inconsistent with this bond resolution and not substantially adverse to the Village and that are approved by the Village Treasurer on behalf of the Village, all of which shall be conclusively evidenced by the signing of the Commitment or amendments thereto. The agreement formed, collectively, by this paragraph and the Commitment, shall be the Village's continuing disclosure agreement for purposes of the Rule, and its performance shall be subject to the availability of funds and their annual appropriation to meet costs the Village would be required to incur to perform thereunder. The Village Treasurer is further authorized and directed to establish procedures in order to ensure compliance by the Village with its continuing disclosure agreement, including the timely provision of information and notices. Prior to making any filing in accordance with the agreement or providing notice of the occurrence of any material event, the Village Treasurer shall consult with, as appropriate, the Village Attorney and bond counsel or other qualified 7 Nr*York/4S4S5.1 �1S1 I independent special counsel to the Village. The Village Treasurer acting in the name and on behalf of the Village, shall be entitled to rely upon any legal advice provided by the Village Attorney or such bond counsel or other qualified independent special counsel in determining whether afilingshould be made. Section 11. This bond resolution is subject to a permissive referendum and will take effect upon its adoption by the Board of Trustees of the Village and the expiration of the period prescribed in the Village Law during which petitions for a permissive referendum may be submitted and filed with the Village Clerk. Moved: Trustee Grala Seconded: I Trustee Zieja Vote: Unanimous I NewYork/4&485.1 •;^^l.i^%%;:^«:^»i«K-:t--!J^'^.-.3« , :i=: ^^^J^^^k^ik^fs^^^^^^^^^^^^^^^^A^^^^^^^ �Resolution #: 05/96/04 BOND RESOLUTION, DATED MAY ? s , 2004, AUTHORIZING THE ISSUANCE O F UP TO $719,100 AGGREGATE PRINCIPAL AMOUNT SERIAL BONDS OF THE VILLAGE OF SLEEPY HOLLOW, NEW YORK; PURSUANT TO THE LOCAL FINANCE LAW, TO FINANCE THE COSTS OF THE CONSTRUCTION, RECONSTRUCTION AND ACQUISITION OF SEWER IMPROVEMENTS IN AND FOR THE VILLAGE. WHEREAS, the Board of Trustees of the Village of Sleepy Hollow (the "Village"), located in Westchester County, 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 the construction, reconstruction and acquisition of sewer improvements in and for the Village, including other preliminary and incidental costs, at a total cost not to exceed $719,100, in accordance with the Local Finance Law; NOW, THEREFORE, BE IT RESOLVED by the Board of Trustees of the Village of Sleepy Hollow, as follows: Section 1. There is hereby authorized to be issued serial bonds of the Village in the aggregate principal amount of up to $719,100, pursuant to the Local Finance Law, in order to finance costs of the specific objects or purposes hereinafter described. Section 2. The specific object or purpose to be financed by the issuance of such serial bonds is the acquisition, construction and reconstruction of sewer improvements in and for the Village (the "Project"). Section 3. The Board of Trustees of the Village has ascertained and hereby states that (a) the estimated maximum cost of the Project is $819,100; (b) no money has heretofore been authorized to be applied to the payment of the costs of the Project except as set forth herein; (c) the Board of Trustees of the Village plans to finance the costs of the Project from (i) the $719,100 proceeds of the serial bonds or bond anticipation notes authorized herein and (ii) $100,000 in other available funds designated by the Village; (d) the maturity of the obligations NcwYork/484S9.1 �4»-3U authorized herein will be in excess of five (5) years; and (e) on or before the expenditure of moneys to pay for any item within an object or purpose set forth herein for which proceeds of 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. It is hereby determined that the Project is a specific object or purpose described in subdivision 4 of paragraph a of Section 11.00 of the Local Finance Law and that the period of probable usefulness of the Project is forty (40) years. The serial bonds authorized herein shall have a maximum maturity of forty (40) years computed from the earlier of (a) the date of the first issue of such serial bonds, or (b) the date of the first bond anticipation notes issued in anticipation of the issuance of such serial bonds Section 5. Subject to the terms and conditions of this bond resolution and the Local Finance Law, and pursuant to the provisions of Sections 21.00, 30.00, 50.00 and 56.00 to 60.00, inclusive, of the Local Finance Law, the power to authorize bond anticipation notes in anticipation of the issuance of the serial bonds authorized by this bond resolution and the renewal of such bond anticipation notes and the power to prescribe the terms, form and contents of such serial bonds and such bond anticipation notes authorized by this bond resolution, and the power to issue, sell and deliver such serial bonds and bond anticipation notes are hereby delegated to the Village Treasurer, as the chief fiscal officer of the Village. The Village Treasurer is hereby authorized to execute on behalf of the Village all serial bonds issued pursuant to this bond resolution and all bond anticipation notes issued in anticipation of the issuance of such serial bonds, and the Village Clerk is hereby authorized to affix the seal of the Village to all such serial bonds and all such bond anticipation notes and to attest such seal. Each 2 NcwYcrt/4S4S9.1 �interest coupon, if any, representing interest payable on such serial bonds shall be authenticated by the manual or facsimile signature of the Village Treasurer. Section 6. 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 this bond resolution as the same shall become due. Section 7. When this bond resolution takes effect, the Village Clerk shall cause the same, or a summary thereof, to be published together with a notice in substantially the form prescribed by Section 81.00 of the Local Finance Law in The Journal News, a newspaper having a general circulation in the Village. The validity of the serial bonds authorized by this bond resolution and of bond anticipation notes issued in anticipation of the, sale of such serial bonds may be contested only if such obligations are authorized for an object or purpose, or class of object or purpose, for which the Village is not authorized to expend money, or the provisions of law which should be complied with as of the date of the publication of this bond resolution, or a summary thereof, 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 such obligations are authorized in violation of the provisions of the Constitution of the State. Section 8. Prior to the issuance of obligations authorized to be issued by this bond resolution, the Board of Trustees of the Village shall comply with all applicable provisions prescribed in Article 8 of the Environmental Conservation Law, all regulations promulgated thereunder by the New York State Department of Environmental Conservation, and all applicable Federal laws and regulations in connection with environmental quality review relating 3 NcwYoric/4&489.1 �171 to the Project (collectively, the "environmental compliance proceedings"). In the event that any of the environmental compliance proceedings are not completed, or require amendment or modification subsequent to the date of adoption of this bond resolution, the Board of Trustees of the Village will re-adopt, amend or modify this bond resolution prior to the issuance of obligations authorized to be issued herein upon the advice of bond counsel. It is hereby determined by the Board of Trustees of the Village that the Project will not have a significant effect on the environment. Section 9. The Village hereby declares its intention to issue the obligations authorized herein to finance the costs of the Project. The Village covenants for the benefit of the holders of the obligations authorized herein that it will not make any use of the proceeds of such obligations, any funds reasonably expected to be used to pay the principal of or interest on such obligations or any other funds of the Village, and will not make any use of the facilities financed with the proceeds of such obligations which would cause the interest on such obligations to become subject to Federal income taxation under the Internal Revenue Code of 1986, as amended (the "Code"), (except for the alternative minimum tax imposed on corporations by section 55 of the Code) or subject the Village to any penalties under section 148 of the Code, and that it will not take any action or omit to take any action with respect to such obligations, the proceeds thereof or any facilities financed thereby if such action or omission would cause the interest on such obligations to become subject to Federal income taxation under the Code (except for the alternative minimum tax imposed on corporations by section 55 of the Code) or subject the Village to any penalties under section 148 of the Code. The foregoing covenants shall remain in full force and effect notwithstanding the defeasance of the bonds or any other 4 NcwYork/4S4S9.1 �.* provisions hereof until the date which is sixty (60) days after the final maturity date or earlier prior redemption date thereof. The proceeds of any obligations authorized herein may be applied to reimburse expenditures or commitments of the Village made for such purpose on or after a date which is not more than sixty (60) days prior to the date of adoption of this bond resolution by the Village. Section 10. The Village hereby declares its intention to issue the obligations authorized herein to finance costs of the Project. The Village covenants for the benefit of the holders of the obligations authorized herein that it will not make any use of the proceeds of such obligations, any funds reasonably expected to be used to pay the principal of or interest on such obligations or any other funds of the Village, and will not make any use of any of the equipment financed with the proceeds of such obligations which would cause the interest on such obligations to become subject to Federal income taxation under the Internal Revenue Code of 1986, as amended (the "Code"), (except for the alternative minimum tax imposed on corporations by section 55 of the Code) or subject the Village to any penalties under section 148 of the Code, and that it will not take any action or omit to take any action with respect to such obligations, the proceeds thereof or any of the vehicles financed thereby if such action or omission would cause the interest on such obligations to become subject to Federal income taxation under the Code (except for the alternative minimum tax imposed on corporations by section 55 of the Code) or subject the Village to any penalties under section 148 of the Code. The foregoing covenants shall remain in full force and effect notwithstanding the defeasance of the bonds or any other provisions hereof until the date which is sixty (60) days after the final maturity date or earlier prior redemption date thereof. The proceeds of any obligations authorized herein may be applied to reimburse expenditures or commitments of the 5 Nr»-YoA/4S4S9.1 �173 Village made for such purposes on or after a date which is not more than sixty (60) days prior to the date of adoption of this bond resolution by the Village. Section 11. For the benefit of the holders and beneficial owners from time to time of the bonds and bond anticipation notes authorized pursuant to this bond resolution (the "obligations"), the Village agrees, in accordance with and as an obligated person with respect to the obligations, under Rule 15c2-12 promulgated by the Securities Exchange Commission pursuant to the Securities Exchange Act of 1934 (the "Rule"), to provide or cause to be provided such financial information and operating data, financial statements and notices, in such manner, as may be required for purposes of the Rule. In order to describe and specify certain terms of the Village's continuing disclosure agreement for that purpose, and thereby to implement that agreement, including provisions for enforcement, amendment and termination, the Village Treasurer is authorized and directed to sign and deliver, in the name and on behalf of the Village, the commitment authorized by subsection 6(c) of the Rule (the "Commitment") to be placed on file with the Village Clerk, which shall constitute the continuing disclosure agreement made by the Village for the benefit of holders and beneficial owners of the obligations in accordance which the Rule, with any changes or amendments that are not inconsistent with this bond resolution and not substantially adverse to the Village and that are approved by the Village Treasurer on behalf of the Village, all of which shall be conclusively evidenced by the signing of the Commitment or amendments thereto. The agreement formed, collectively, by this paragraph and the Commitment, shall be the Village's continuing disclosure agreement for purposes of the Rule, and its performance shall be subject to the availability of funds and their annual appropriation to meet costs the Village would be required to incur to perform thereunder. The 6 NcwYoifc'4S489.1 �1 *'M I Village Treasurer is further authorized and directed to establish procedures in order to ensure compliance by the Village with its continuing disclosure agreement, including the timely provision of information and notices. Prior to making any filing in accordance with the agreement or providing notice of the occurrence of any material event, the Village Treasurer shall consult with, as appropriate, the Village Attorney and bond counsel or other qualified independent special counsel to the Village. The Village Treasurer acting in the name and on behalf of the Village, shall be entitled to rely upon any legal advice provided by the Village I Attorney or such bond counsel or other qualified independent special counsel in determining whether a filing should be made. . Section 12. This bond resolution is subject to a permissive referendum and will take effect upon its adoption by the Board of Trustees of the Village and the expiration of the period prescribed in the Village Law during which petitions for a permissive referendum may be submitted and filed with the Village Clerk. Moved: Trustee Zieja Seconded: Trustee Murray Vote: UNanimous I NcwYork/48489.1 "^USa*-- ^ 3 ^ S » S S S & 3 * V ^ i £ 4 & ^ i J 4 ^ ^ �375 Resolution #05/97/04 I BOND RESOLUTION, DATED MAY 9S . 2004, AUTHORIZING THE ISSUANCE OF UP TO $446,200 AGGREGATE PRINCIPAL AMOUNT SERIAL BONDS OF THE VILLAGE OF SLEEPY HOLLOW, NEW YORK, PURSUANT TO THE LOCAL FINANCE LAW, TO FINANCE THE COSTS OF THE (I) THE ACQUISITION OF VILLAGE VEHICLES, (H) THE ACQUISITION | OF EQUIPMENT FOR PRESERVATION OF PUBLIC RECORDS, (III) THE ACQUISITION OF VARIOUS POLICE, OFFICE AND TECHNICAL EQUIPMENT, (IV) THE ACQUISITION OF SOFT BODY ARMOR, (V) THE ACQUISITION OF AMBULANCE EQUIPMENT, ALL FOR THE VILLAGE. WHEREAS, the Board of Trustees of the Village of Sleepy Hollow (the "Village"), located in Westchester County, 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 (r) the acquisition of Village Vehicles, (ii) the acquisition of equipment for preservation of public records, (iii) the acquisition of I various police, office and technical equipment, (iv) the acquisition of soft body armor and (v) the acquisition of ambulance equipment, all for the Village, including other preliminary and incidental costs, at a total cost not to exceed $446,200, in accordance with the Local Finance Law; NOW, THEREFORE, BE IT RESOLVED by the Board of Trustees of the Village of Sleepy Hollow, as follows: Section 1. There is hereby authorized to be issued serial bonds of the Village in the aggregate principal amount of up to $446,200, pursuant to the Local* Finance Law, in order to finance 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 this bond resolution (collectively, the "Project"), the respective estimated maximum cost of each item of such specific objects or purposes, the principal amount*of serial bonds authorized herein for such specific objects or purposes, and the period of probable usefulness of such specific objects or purposes or class of objects or purposes thereof pursuant to the applicable subdivision of paragraph a of Section 11.00 of the Local Finance law, are as follows: NewYorV/48491.1 I �(a) The acquisition of Village vehicles for the Village, together with applicable incidental and preliminary costs in connection therewith, at an estimated maximum cost of $134,200 for which 5134,200 principal amount of serial bonds are authorized 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 the earlier of (a) the date of the first issue of such serial bonds or (b) the date of the first bond anticipation notes issued in anticipation of the issuance of such serial bonds. (b) The acquisition of equipment for the preservation of public records for the Village, together with applicable incidental and preliminary costs in connection, therewith, at an estimated maximum cost of $96,900 for which $96,900 principal amount of serial bonds are authorized herein and appropriated therefore, having a period of probable usefulness of five (5) years pursuant to subdivision 72 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 bond anticipation notes issued in anticipation of the issuance of such serial bonds. (c) The acquisition of various police, office and technical equipment for the Village, together with applicable incidental and preliminary costs in connection-therewith, at an estimated maximum cost of $171,300 for which $171,300 principal amount of serial bonds are authorized herein and appropriated therefore, having a period of probable usefulness of five (5) years pursuant to subdivision 32 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 2 NewYoik/48491.1 �-: n 7 issue of such serial bonds or (b) the date of the first bond anticipation notes issued in anticipation of the issuance of such serial bonds. (d) The acquisition of soft body armor for the Village, together with applicable incidental and preliminary costs in connection therewith, at an estimated maximum cost of 533,600 for which S33,600 principal amount of serial bonds are authorized herein and appropriated therefore, having a period of probable usefulness of five (5) years pursuant to subdivision 86(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 bond anticipation notes issued in anticipation of the issuance of such serial bonds. (e) The acquisition ambulance equipment for the Village, together with applicable incidental and preliminary costs in connection therewith, at an estimated maximum cost of $10,200 for which $10,200 principal amount of serial bonds are authorized herein and appropriated therefore, having a 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 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 $446,200; (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 or bond anticipation notes authorized herein; (d) the maturity of the obligations authorized herein will not be in excess of five (5) years; and (e) on or before the expenditure of moneys to pay for any item 3 Nr*YorJc/4849I.l �JV8 I within an object or purpose, or class of object or purpose, set forth herein, for which proceeds of 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. Subject to the terms and conditions of this bond resolution and the Local Finance Law, and pursuant to the provisions of Sections 21.00, 30.00, 50.00 and 56.00 to 60.00, inclusive, of the Local Finance Law, the power to authorize bond anticipation notes in anticipation of the issuance of the serial bonds authorized by this bond resolution and the renewal of such bond anticipation notes and the power to prescribe the terms, form and contents H of such serial bonds and such bond anticipation notes authorized by this bond resolution, and the power to issue, sell and deliver such serial bonds and bond anticipation notes are hereby delegated to the Village Treasurer, as the chief fiscal officer of the Village. The Village Treasurer is hereby authorized to execute on behalf of the Village all serial bonds issued pursuant to this bond resolution and all bond anticipation notes issued in anticipation of the issuance of such serial bonds, and the Village Clerk is hereby authorized to affix the seal of the Village to all such serial bonds and all such bond anticipation notes and to attest such seal. Each interest coupon, if any, representing interest payable on such serial bonds shall be authenticated by the manual or facsimile signature of the Village Treasurer. Section 5. The faith and credit of the Village is hereby and shall be irrevocably pledged I for the punctual payment of the principal of and interest on all obligations authorized and issued pursuant to this bond resolution as the same shall become due. 4 New York/48491.1 •--^ - 5 - ' ^ > 3 ^ ^ r S j i ^ ^ S j �T 79 Section 6. When this bond resolution takes effect, the Village Clerk shall cause the same, or a summary thereof, to be published together with a notice in substantially the form prescribed by Section 81.00 of the Local Finance Law in The Journal News, a newspaper having a general circulation in the Village. The validity of the serial bonds authorized by this bond resolution and of bond anticipation notes issued in anticipation of the sale of such serial bonds may be contested only if such obligations are authorized for an object or purpose, or class of object or purpose, for which the Village is not authorized to expend money, or the provisions of law which should be complied with as of the date of the publication of this bond resolution, or a summary thereof, 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 such obligations are authorized in violation of the provisions of the Constitution of the State. Section 7. Prior to the issuance of obligations authorized to be issued by this bond resolution, the Board of Trustees of the Village shall comply with all applicable provisions prescribed in Article 8 of the Environmental Conservation Law, all regulations promulgated thereunder by the New York State Department of Environmental Conservation, and all applicable Federal laws and regulations in connection with environmental quality review relating to the Project (collectively, the "environmental compliance proceedings"). In the event that any of the environmental compliance proceedings are not completed, or require amendment or modification subsequent to the date of adoption of this bond resolution, the Board of Trustees of the Village will re-adopt, amend or modify this bond resolution prior to the issuance of obligations authorized to be issued herein upon the advice of bond counsel. 5 NcwYorfc'48491.1 It is hereby �determined by the Board of Trustees of the Village that the Project will not have a significant effect on the environment. Section 8. The Village hereby declares its intention to issue the obligations authorized herein to finance the costs of the Project. The Village covenants for the benefit of the holders of the obligations authorized herein that it will not make any use of the proceeds of such obligations, any funds reasonably expected to be used to pay the principal of or interest on such obligations or any other funds of the Village, and will not make any use of the facilities financed with the proceeds of such obligations which would cause the interest on such obligations to become subject to Federal income taxation under the Internal Revenue Code of 1986, as amended (the "Code"), (except for the alternative minimum tax imposed on corporations by section 55 of the Code) or subject the Village to any penalties under section 148 of the Code, and that it will not take any action or omit to take any action with respect to such obligations, the proceeds thereof or any facilities financed thereby if such action or omission would cause the interest on such obligations to become subject to Federal income taxation under the Code (except for the alternative minimum tax imposed on corporations by section 55 of the Code) or subject the Village to any penalties under section 148 of the Code. The foregoing covenants shall remain in full force and effect notwithstanding the defeasance of the bonds or any other provisions hereof until the date which is sixty (60) days after the final maturity date or earlier prior redemption date thereof. The proceeds of any obligations authorized herein may be applied to reimburse expenditures or commitments of the Village made for such purpose on or after a date which is not more than sixty (60) days prior to the date of adoption of this bond resolution by the Village. 6 NewYodc/4S491.1 �181 Section 9. The Village hereby declares its intention to issue the obligations authorized herein to finance costs of the Project. The Village covenants for the benefit of the holders of the obligations authorized herein that it will not make any use of the proceeds of such obligations, any funds reasonably expected to be used to pay the principal of or interest on such obligations or any other funds of the Village, and will not make any use of any of the equipment financed with the proceeds of such obligations which would cause the interest on such obligations to become subject to Federal income taxation under the Internal Revenue Code of 1986, as amended (the "Code"), (except for the alternative minimum tax imposed on corporations by section 55 of the Code) or subject the Village to any penalties under section 148 of the Code, and that it will not take any action or omit to take any action with respect to such obligations, the proceeds thereof or any of the vehicles financed thereby if such action or omission would cause the interest on such obligations to become subject to Federal income taxation under the Code (except for the alternative minimum tax imposed on corporations by section 55 of the Code) or subject the Village to any penalties under section 148 of the Code. The foregoing covenants shall remain in full force and effect notwithstanding the defeasance of the bonds or any other provisions hereof until the date which is sixty (60) days after the final maturity date or earlier prior redemption date thereof. The proceeds of any obligations authorized herein may be applied to reimburse expenditures or commitments of the Village made for such purposes on or after a date which is not more than sixty (60) days prior to the date of adoption of this bond resolution by the Village. Section 10. For the benefit of the holders and beneficial owners from time to time of the bonds and bond anticipation notes authorized pursuant to this bond resolution (the "obligations"), the Village agrees, in accordance with and as an obligated person with respect to 7 Nr*Yoric/4S491.I �the obligations, under Rule 15c2-12 promulgated by the Securities Exchange Commission pursuant to the Securities Exchange Act of 1934 (the "Rule"), to provide or cause to be provided such financial information and operating data, financial statements and notices, in such manner, as may be required for purposes of the Rule. In order to describe and specify certain terms of the Village's continuing disclosure agreement for that purpose, and thereby to implement that agreement, including provisions for enforcement, amendment and termination, the Village Treasurer is authorized and directed to sign and deliver, in the name and on behalf of the Village, the commitment authorized by subsection 6(c) of the Rule (the "Commitment") to be placed on file with the Village Clerk, which shall constitute the continuing disclosure agreement made by the Village for the benefit of holders and beneficial owners of the obligations in accordance which the Rule, with any changes or amendments that are not inconsistent with this bond resolution and not substantially adverse to the Village and that are approved by the Village Treasurer on behalf of the Village, all of which shall be conclusively evidenced by the signing of the Commitment or amendments thereto. The agreement formed, collectively, by this paragraph and the Commitment, shall be the Village's continuing disclosure agreement for purposes of the Rule, and its performance shall be subject to the availability of funds and their annual appropriation to meet costs the Village would be required to incur to perform thereunder. The Village Treasurer is further authorized and directed to establish procedures in order to ensure compliance by the Village with its continuing disclosure agreement, including the timely provision of information and notices. Prior to making any filing in accordance with the agreement or providing notice of the occurrence of any material event, the Village Treasurer shall consult with, as appropriate, the Village Attorney and bond counsel or other qualified 8 NewYwJc/4S49I.l �100 I 0 0 I independent special counsel to the Village. The Village Treasurer acting in the name and on behalf of the Village, shall be entitled to rely upon any legal advice provided by the Village Attorney or such bond counsel or other qualified independent special counsel in determining whether a filing should be made. Section 11. This bond resolution will take effect upon its adoption by the Board of Trustees of the Village. Moved: Trustee Murray Seconded: Trustee DiFelice Vote: Unanimou^ I 9 NcwYoft/4849I.l � 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-2004 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_2004-05-25 Subject The topic of the resource Board of Trustees Minutes-2004 Date A point or period of time associated with an event in the lifecycle of the resource 2004 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