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HomeMy WebLinkAboutSpec Mtg. Minutes 9/9/1955107` MINUTES of a Special Meeting of the Village Board held on September 90 1955 at 5 :15 P.M. at the Village Office. PRESENT: Mayor Henry J.Shirey; Trustees, N. A.Christensen, F. G. Marcham, T.F. Sharp, James R.-Simpson and T: P. Wright. 1. Prior to meeting bids were received on Fire Hall construction contract at 4:30 P. M. and opened at 4:35'P. M. in the presence of Robert Tallman, representing the Architects, George Hanselman, representing the Board of Fire Commissioners, James R. Simpson, representing Trustees and Clerk W. S. Randel. Bids were as follows: McPherson Builders $53,559. Nikula Construction Co., Inc. 6,990. Ward Construction Co., Inc. 62,394. W. D. McElwee 56,538• The above committee recommended that award be made to the low bidder, McPherson Builders. 2. The Trustees met at 5:15 P.M., F. G. Marcham presiding in absence of the Mityor until 5:30 P.M. 3. BILLS listed on Voucher #5 attached were approved for payment. '4. The recommendation of the above committee relative to award of Fire Station Contract was considered and, ' IT WAS VOTED to award contract to McPherson Builders and to-authorize the Mayor to sign contract for construction'prepared by Tallman IT WAS ALSO VOTED to employ Tallman as official architect and supervisor of this job at a total fee of 6% of $50,000. or $3,000. 5. In order to provide funds for engineering, design, specifications and other expenses relative to the proposed sewer main extension and sewage treatment plant, the following Bond Anticipation Note Resolution was moved by Trustee Wright, seconded by Trustee Simpson, and duly adopted by unanimous vote of all five Trustees present, as follows : - BOND ANTICIPATION NOTE RESOLUTION, DATED SEPTEMBER 9, 1955,.FOR ISSUANCE AND SALE OF NOTES OF THE VILLAGE OF CAYUGA HEIGHTS, TOMPKINS COUNTY, NEW YORK, IN ANTICIPATION OF SALE OF BONDS FOR CONSTRUCTION OF A SEWAGE DISPOSAL PLANT AND INSTALLATION OF MAINS. WHEREAS, the Board of Trustees of the Village of Cayuga Heights has heretofore on the 4th day of January, 1955 duly adopted a resolution authorizing the engineer to obtain necessary contracts for employing necessary and proper engineers and to under- take the beginning of th6 construction of sewer disposal plant and laying of mains and more particularly preparing specifications and making proper survey, and WHEREAS, there are no bond anticipation notes outstanding which have been previous- ly issued in anticipation of the sale of bonds for the aforesaid construction of sewage disposal plant and laying of mains, and WHEREAS, the said Board,of*Trustees desires to now provide for the issuance and form of a bond anticipation note in anticipation of the sale of the aforesaid bonds and other matters in connection therewith: it is, therefore, this 9th day of September,. 1955. 10 RESOLVED, by the Board of Trustees of the Village of Cayuga Heights, Tompkins County, New York: Section•l. A bond anticipation note in the amount of $15;000.00 shall be issued by the Village of Cayuga Heights for the purpose aforesaid and in anticipa- tion of the sale of said bonds, and the said note is not issued in anticipation of bonds for an assessable improvement. Such bond anticipation note heroby.authorized is an original note and not a renewable note. ' Section 2. Such note shall be Hated the 15th day of September 1955 or such later date as the officers by their execution thereof will determine, will mature on the 15th day of September 1956, will bear interest at the rate of not exceeding 212% per annum payable at maturity, will be payable.as to both principal and inter- est in lawful money of the United States of America at the Tompkins County Trust Company in Ithaca, New York and will be signed in the name of the Village of Cay- uga Heights by the Mayor and the Clerk and the'Treasurer and will be sealed with the seal of the said Village.. Section 3. The said bond anticipation note shall be of substantially the fol- lowing terms, form and contents, to wit: UNITED STATES OF AMERICA, STATE OF NEW YORK, COUNTY OF TOMPKINS', VILLAGE OF CAYUGA HEIGHTS BOND ANTICIPATION NOTE, 1955 No. 1 $15,000.00 The Village of Cayuga Heights, in the County of Tompkins and State of New York, hereby acknowledges itself indebted and for value received promises to pay to Tompkins County Trust Company, the sum of $15,000.00 on the 15th day of Septem- ber 1956 together with interest thereon from the date hereof at the rate of 2- per annum, payable at maturity. Both principal of and interest on this note will be paid in lawful money of the United States of America at Tompkins County Trust Company in the City of Ithaca, Tompkins'County; New York. This note may be'called for redemption on any date prior to maturity after giving at least thirty days notice of the date of redemption to the holder thereof by mailing written notice to the holder at.the holders address and interest shall cease to be paid hereon after such date of redemption. This note is issued pursuant to the provisions of resolution entitled ".Bond Anticipation Note Resolution,,dated September 9, 1955 For Issuance and Sale of Notes of Village of Cayuga Heights, Tompkins County, New York in Anticipation of Sale of Bonds for Construction of Sewage Disposal. Plant and Laying of Mains ", which resolution was duly adopted by the Board of Trustees of the Village of Cayuga Heights on the 9th day of September, 1955• The faith and credit of such Village of Cayuga Heights are hereby irrevocably pledged for the punctual payment of the prin- cipal of and interest on this note according to its terms. It is hereby certified and recited that all conditions, acts and things required by the Constitution and Statutes of the State of New York to exist, to have happened and to have been performed precedent to and in thelssuance of this note, exist, have happened and have been performed and that this note, together with all other indebtedness of such Village is within every debt and other limit prescribed by , the Constitution and laws of the State of New York. IN WITNESS WHEREOF, the Village of Cayuga Heights has caused this note to be signed by its Mayor, Treasurer and Clerk and its corporate seal to be hereunto attached and this note to be dated as of the day of 1955• 109, Village of Cayuga Heights By: As: Mayor B: Ass: Treasurer Bye As: Clerk Section 4. The faith and credit of said Village of.Cayuga Heights are hereby pledged for the payment of the principal of and interest on such bond anticipation note. Such bond anticipation note shall be paid from the proceeds derived from the sale of said bonds or may be redeemed as provided by the Local Finance Law of the State of New York.. Section 5. The Treasurer of the Village of Cayuga Heights is hereby, authorized to sell such bond anticipation note at private sale for not less than.par and accrued interest at a rate not exceeding the rate above specified and the Treasurer of the Village of Cayuga Heights is authorized to deliver such bond anticipation note to the purchaser upon payment of the purchase price and the accrued interest as above speci- fied. The receipt of the Village Treasurer shall be a full acquittance to the pur- chaser who shall not be obliged to see to the application of the purchase money. Section 6. This resolution shall take effect immediately. 6. BILLS listed on Voucher #3S attached were approved for payment. Adjourned at 6:05 P.M. W. S. Randal Clerk