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HomeMy WebLinkAbout1990-03-09MARCH 9, 1990 The Town Clerk and Engineer David Herrick met to publicly open bids for dredging at Myers Park. Two bids were received as follows: FLC Contractors 1861 Hanshaw Road Ithaca, New York 14850 L.R.S. Excavating 24 Ross Road Lansing, New York 14882 On motion, meeting adjourned at 1:05 P.M. INVITATION TO BID The Town of Lansing invites all bidders interested in submit- ting a bid for dredging of the Town of Lansing Park Marina and Boat entrance channel lo- cated at Myers Point, more particularly described in the Scope of Work attached to the bid documents which can be picked up at the Town Hall, Lansing, New York between the hours of 8:00 a.m. and 4:00 p.m. Monday through Thursday and 8:00 a.m. to -12:00 noon on Friday. Bids must be submitted by March 9 at 12:00 noon to the Town Clerk's Office. Bid opening will be at 1:00 p.m. on March 9, 1990. March 1,2,3,E 1990 t 1 $ 655737.00 $ 31,000.00 21 22-- AT A REGULAR MEETING of the Town Board of the Town of Lansing, Tompkins County, New York, held at the Town Hall in said Town, on March 7, 1990 at 8 o'clock p.m. prevail- ing time. The meeting was called to or- der by Supervisor Kirby and upon roll being called, the fol- lowing were present: Jean- nine Kirby, Supervisor; Larry Tvaroha, Councilman; Louis Emmick, Councilman; Jeffrey Cleveland, Councilman; Boni- ta Boles, Town Clerk; ABSENT: Herbert Beckwith, Coun- cilman. The following resolution was offered by Councilman Cleve- land, who moved its odop- tion, seconded by Councilman Tvaroha, to wit: RESOLUTION DATED MARCH 71 1990. A RESOLUTION PROVIDING FOR THE CONSOLIDATION, DE- TAILS AND SALE OF $2,065,000 PUBLIC IMPROVEMENT (SERI- AL) BONDS, 1990, OF THE TOWN OF LANSING, TOMP- KINS COUNTY, NEW YORK, FOR CERTAIN PURPOSES IN AND FOR SAID TOWN. BE IT RESOLVED, by the Town Board of the Town of Lansin , Tompkins County, New York, as follows: SECTION 1. Of the $150,000 serial bonds authorized by bond resolution dated Feb- ruary 11, 1987, for the in- crease and improvement of the facilities of Water District No. 2 in the Town of Lansing, Tompkins County, New York there shall be issued and sold $122,000 serial bonds which shall mature $15,000 in each of the years 1991 and 1992, $16,000 in each of the years 1993 and 1994, and $20,000 in each of the years 1995 to 1997, both inclusive, and shall be consolidated with other is- sues of bonds of said Town as hereinafter authorized. It is hereby determined that the period of probable usefulness of the aforesaid specific ob- ject or purpose is ten years pursuant to su idivision 1 of paragraph a c Section 11.00 of the Local Finance Law, computedfrC1n June 19. 1987. the date of the first bond an- ticipation note issued there- for. It is hereby further deter- mined that the sum of $14,666, from a source other than the proceeds of bonds or. bond anticipation notes, was used during the 1989 fiscal year of said Town, to reduce outstanding bond anticipation notes of said Town for such purpose, and that the sum of $13,334, from such a source, will be used on or before Oc- tober 3, 1990, to further re- duce such outstanding bond anticipation notes, such amounts constituting the first two installments of the princi- pal amount of such indebted- ness. SECTION 2. Of the $400,000 serial bonds authorized by bond resolution dated Feb- ruary 9, 1982, for the construc- tion of a water distribition sys- tem in and for Lansing Water District No. 4 of the Town of I Lansing, Tompkins County, New York, there shall be is- coed and sold $80,000 serial j bonds which shall mature' $40,000 in each of the years 1991 and 1992, and shall be +l consolidated with other issues, \ of bonds of said Town as here- inafter authorized. It is hereby' determined that the period of j probable usefulness of the aforesaid specific object or purpose is thirty years pur- suant to subdivision 1 of par- agraph a of Section 11.00 of the Local Finance Law, com- puted from March 29, 1982, the date of the first bond an- ticipation note issued there- for. It is hereby further deter- mined that the sums of $40,000 each, from a source other than the proceeds of bonds or bond anticipation notes, were used on March 29, 1983, March 29, 1984, March 29, 1985, March 27, 1986, March 27, 1987, March 25, 1988 and March 24, 1989, respectively to reduce out- standing bond anticipation notes of said Town for such purpose, such amounts consti- tuting the first seven instal- lments of the principal amount of such indebtedness. It is hereby further determined that the sum of $40,000, from a source other than the pro- ceeds of bonds or bond antic- ipation notes, will be used on or before March 23, 1990, to further reduce outstanding bond onticipotion notes of said Town for such purpose such amount constituting the eighth installment of the prin- cipal amount of such indebt- edness. SECTION 3. Of the $53,500 se- rial bonds authorized by bond resolution dated August 21, 1987, for the construction of approximately 1800 feet of 8 inch diameter ductile iron wa- ter main, together with valves, fire hydrants and other related necessary appurte- nances in and for Lansing Wo- ter District No. 8 of the Town of Lansing, Tompkins County, New York„ there shall be is- sued and sold $46,000 serial bonds which shall mature $3,- 000 in each of the years 1991 and 1996, both inclusive, and $3,500 in each of the years 99 17 to 2004, both inclusive, and shall be consolidated with other issues of bonds of said Town as hereinafter autho- rized. It is hereby determined that the period of probable usefulness of the aforesaid specific object or purpose is forty years pursuant to subdi- vision 1 of paragraph a of Sec- tion 11.00 of the Local Finance Law, it being hereby further determined that the maximum maturity of the serial bonds will not exceed twenty years, computed from October 3, 1988, the date of the first bond anticipation note issued there- for. It is hereby further deter- mined that the sum of $2,744, from a source other than the proceeds of bonds or bond an- ticipation notes, was used on October 3, 1989, to reduce outstanding bond anticipation notes of said Town for such purpose, such amount consti- tuting the first installment of the principal amount of such indebetdness. It is hereby fur - ther'determined that the sum of $4,756, from a source other than the proceeds of bonds or bond anticipation notes, will be used on or before October 2, 1990, to further reduce out- standing bond anticipation notes of said Town for such purpose such amount consti- tuting the second installment of the principal amount of i such indebtedness. SECION 4. Of the $19,150 seri- al bonds authorized by bond resolution dated August 21, 1987, for the construction of t approximately 620 feet of 61 inch diameter ductile iron wo -l' ter main, together with valves, fire hydrants and other related necessary appurte- nances in and for Lansing Wa- ter District No. 10 of the Town of Lonsing, Tompkins County, New York, there shall be is- sued and sold $16,000 serial( bonds which shall mature $1, -, 000 in each of the years 1991 and 1994, both inclusive, and $1,500 in each of the years 1995 to 2002, both inclusive, and shall be consolidated with other issues of bonds of said Town as hereinafter autho- rized. It is hereby determined that the period of probable i.usefulness of the aforesaid 4 specific object or purpose is forty years pursuant to subdi- vision, 1 of paragraph a of Sec tion' l 1.00 of the Local Finance Law; 'it being hereby further determined that the maximum maturity of the serial bonds will not exceed fifteen years, computed from' October 2, 1987, the date of the first bond anticipation note issued there- for. It is hereby further deter- mined that the sum of $1,703, ifrom a source other than the proceeds of bonds or bond an- ticipation notes, was used or October 3, 1989, to reduce outstanding bond anticipatior notes of said Town for sucf purpose, such amount consti tuting the first installment o' the principal amount of sucf indebtedness. It is hereby fur ther determined that the sun of $1,447,.from a source othe than the proceeds of bonds o -bond anticipation notes, wil be used on or before Octobe {20 1990, to furhter reduce out I standing bond anticipatior notes of said Town for suc) purpose such amount consti tuting the •second installmer of the principal amount a such indebtedness_____ Section 5 -The $735000 serial the years 1992 to 1994, both. bonds authorized by bond res- inclusive, and $15,000 in each] olution dated October 30, of the years 1995 to 2009, both 1989, for the construction of inclusive, and shall be consol - approximately 17,200 feet of idated with other 'issues of 10 inch, 8 inch and 6 inch di- bonds of said Town as herei - ameter ductile 'iron water nafter authorized. It is hereby main, together with valves, determined that the period of fire hydrants, water services probable usefulness of the to street right -of -ways' and aforesaid specific object or other related and necessary purpose is twenty years pur` - appurtenances in and for Lan- suant to subdivision 1 of par- sing Water District No. 9 of the agraph a of Section 11.00 of Town of Lansing, Tompkins the Local Finance Law, com -1 County, New York shall ma- puted. ,from December 22, ture $35,500 in the year 1991, 1 $31,000 in the.year 1992, $45,- ]1989, the date of the first bond 000 in the year 1993; $44,000 anticipation note issued there- in thelyear 1994, $34,500 in Ifor. the yyear 1995,, $32,500 in each Section 9. The serial bonds de- of the year ;' 1996 and 1997, !'scribed in the preceding sec - $45,000 in the year 1998, $32,- itions thereof are hereby au 000 in the year 1999, $35,000 thorized to.be consolidated for to each of the years 2000 to purposes of sale into one 2002, both inclusive, $36,500 bond, issue aggregating in each of the years 2003 and i $2,065,000. Such bonds shall, 2004, and $45,000 in each of J each be designated substan- the years 2005 to 2009, both tially PUBLIC IMPROVEMENT industve, and shall be consol (SERIAL) BOND, 1990, shall be idated with other issues of ; dated March 15, 1990 shall be bonds of said Town as herei - I of the denomination of $5,000 nafter authorized. It is hereby] each or any integral multiple determined that the period of 4 thereof not exceeding the probable usefulness of the[ principal amount of each re- . aforesaid specific object on spective maturity. Bonds may j purpose is twenty years pur -, be transferred or exchanged suant to subdivision 1 of Par- at any time prior to maturity at agraph a of Section 11.00 of the principal corporate trust the Loca[ Finance Law, com- office of Key Trust Company, puted from December 22, in Albany, New York, (the 1989, the date of the first bond "Fiscal Agent "), or any suc- i anticipation note issued there- cessor Fiscal Agent, for bonds . for: of the same maturity of. any Section 6. The $250,000 serial :•authorized denomination or bonds authorized by bond res - • denominations in the some olution dated October 30, aggregate principal amount. 1989, for the construction of The bonds shall mature in the approximately 5,450 feet of 8 amount of $140,000 on March inch diameter ductile iron wa- 15, in each of the years 1991.1 ter main, together with and 1992,'$110,000 on March j valves, fire hydrants, water 15 in each of the years 1993 to services to street right -of -ways i, 1998, both inclusive. $100,000 and other related and nec- on March. 15 in each of the i essory appurtenances in and years 1999 to 2004, both inclu- for Lansing Water District No. sive, and $105,000 on March 13 of the Town of Lansing, 15 in each of the years 2005 to Tompkins County, New York i 2009, both inclusive, and shall shall mature $10,000 in each I bear interest payable on of the years 1991 to .1997, both I March 15, 1991 and semi -an- ' inclusive, and $15,000 in each i1 nually thereafter on Septem- of the years 1998 to 2009, both l ber 15 and March 15. Such inclusive, and shall be consol - I bonds shall bear interest at j idated with other issues of such rate as may be necessary bonds of said Town as herei- Ito sell the same', which rate nafter authorized.+'lt is hereby shall be determined in the determined that the period of manner provided in Section - probable usefulness of the 59,00 of the Local Finance aforesaid specific object or Low. Such bonds-shall be in purpose is twenty years r- registered form and, shall not suant to subdivision 1 of.par- be registrable to bearer or agraph a of Section 11.00 of convertible into bearer cou- the Local Finance Law, com - j Eon form. Principal of the t puted from -December 22, bonds will be payable to the 1989, the date of the first bond I registered owners upon sur- anticipation note issued there- render of the bonds at the for. principal corporate trust office Section 7. The $550,000 serial of the Fiscal Agent for the 'bonds authorized by bond res- bonds. Interest on the bonds olution dated October 30, will be payable, by check oe' 1989, for the construction of draft mailed by the Fiscal approximately 13,400 feet of B1 Agent to the registered own - inch and 6 inch diameter duc ers of the bonds, as shown on tile iron water main, together( the registration as of the with valves, fire hydrants, wo- Town maintained by the Fiscal ter services to street right -of- Agent, as of the close of busi- ways and other related and ness on the last business day necessary appurtenances in of the calendar month pre- and for Lansing Water District ceeding the date of the inter- No. 14 of the Town of Lansing est payment. Principal of and4 Tompkins County, New York interest on the bonds wi[I'be shall mature $24,500 in the payable in lawful money of year 1991; $30,000 in the year the United States of America. 1992,'. $25,000 in the yearl The aforesaid maturities con - 1993, $26,000 in each of the stitute the aggregate of the in- years 1994 and 1995, $28,000 dividual maturities of each to the.year 1996, $27,500 in separate issue, which individ- the year 1997, $30,000 in the uaf maturities are prescribed year 1998, $33,000 in the year in the preceeding sections 1999, and $30,000 in each of hereof. Such bonds shall be the years 20W to 2009, both executed in the name of said inclusive, and shall be consol- Town by the manual or fac- dated with other issues ofl simile signature of the Super- bonds of said Town as herei- visor, .and a facsimile of its nafter authorized. It is hereby corporate seal shall be im- determined that the period of printed thereon and attested probable usefulness of the gy the manual or facsimile I aforesaid specific object or signature of its Town Clerk. purpose is twenty years pur - 1 The bonds shall ' be outhenti- suant to subdivision 1 of par -, cated by' the manual coun- agraph a of Section 11.00 of! tersignature of an authorized the Local Finance Law, com - I officer or employee of the Fis- puted from December 2211 cal Agent. It is hereby deter- 1989, the date of the first bond mined that it is to the financial anticipation note issued there- advantage of the Town not to impose and collect from regis- Sectioon 8. The $266,000 serial tered owners any charges for bonds nds authorized by bond res- mailing, shipping and insur- olution dated October 30, ing bonds transferred or ex- 1989, for the construction of changed by the Fiscal Agent, approximately 4,300 feet of 10 and accordingly, pursuant to inch and $2,300 feet of 8 inch paragraph c of Section 70.00 and 6 inch diameter ductile of the Local Finance law, no iron water mains, together such. charges shall be so tol- 1 with valves, fire hydrants, wa- lected by the Fiscal Agent. ter services to street right -of- Section 9. The Supervisor, as ways and other .related andl chief fiscal officer of the necessary appurtenances in Town,, is hereby authorized and for Lansing Water District anedvtohe to bank an No. 15 of the Town of Lansingg,{ agreement Tompkins County, New York, trust company located or au- shall mature $11,000 in the, thorized to do.business in the year 1991. $10,000 in each of State of New York for the Pur- pose of having such bank or trust company act, in connec- tion with the obligations here- in described, . as the Fiscal Agent for said Town to per - Torm the services described -in Section 70.00 of the Local Fi- nance Law, and to execute such agreement on behalf of the Town Board of said Town. Section 10. All other matters, except as provided herein, re- lating to such bonds shall be ! determined by the Supervisor. Such bonds shall contain sub- stantially the recital of validity clause provided for in Section 52.00 of the Local Finance Law and shall otherwise be in such form and contain such reci- tals, in addition to those re- quired by Section 51.00 of the Local Finance Law, as the Su- pervisor shall determine. Section 11. The faith and cred- it of said Town of Lansing, Tompkins County, New York, are hereby irrevocably pledg- ed for the payment of the, �princiPal of and interest on such bonds as the some re -I spectively become due anal payable. An annual oppro priatio'n shall be made in each year sufficient to pay the prin, cipal of and interest on such bonds becoming due and pay -; able in such year. Section -12. The powers and! duties of advertising suchi bonds for sale, conducting the sale and awarding the bonds,' are hereby delegated to thei Supervisor, who shall adver -4 tise such bonds for sale, con -i duct the sale-and award the bonds in such manner as he, shall deem best for the inter- t ests of said Town, provided, I however, that in the exercise of these delegated powers, he j shall comply fully with the provisions of the Local Finance Law and any order or rule of the State Comptroller applica- ble to the sale of municipal bonds. The receipt of the Su -I pervisor shall be a full acquit tance to the purchaser of such t bonds, who shall not be I obliged to see to the opplica -!, tion of the purchase money. ! Section 13. This resolution ! shall take effect immediately. l The question of the adoption ! of the foregoing resolution I was duly put to a vote on roll call, which resulted as follow- ing: Jeannine Kirby, Supervisor, Voting Aye; Larry Tvaroha, Councilman, Voting .Aye;( Louis Emmick, Councilman,' Voting Aye; Jeffrey Cleve - land,.,Voting Aye The resolution was thereupon declared duly adopted. STATE,OF NEW YORK COUNTY OF TOMPKINS I, ,the undersigned Clerk of the i Town of Lansing Tompkins i County,lNew York, DO HERE- BY CERTIFY: That I.have compared the an- nexed, extract of the minutes of the' meeting of the Town i Board of said Town, including 1 the resolution contained therein, held the 7th day of March, 1990, with the original 1 thereof on file in my office, and that the same is a true and correct transcript theief- ram and of the whole of said 1 original so for as the same re- , laces to the subject matters (therein referred to. I FURTHER CERTIFY that all members of said Board had due notice of said meeting. I FURTHER CERTIFY that, pur- suant to Section 103 of the Public Officers Law (Open ;Meetings Law), said meeting was open to the general pub- lic. I FURTHER CERTIFY that, PRIOR to the time of said meeting, I duly caused a public notice of the time and place . of said meeting to be given to the fol- lowing newspapers and /or other news media as follows: Newspaper and /or other news media - Ithaca Journal Date given January 3, 1990 1 FURTHER CERTIFY that PRIOR to the time of said meeting, I +duly caused public notice of the time and place of said meeting to be conspicuously posted in the following desig- nated public location(s) an the following dates: Designated Location (s);:o Posted notice - Community Bul- etin Board 11 ,Date of Posting January 3, 1990 IN WITNESS WHEREOF, I have hereunto set my hand and af- fixed the seal of said Town this 7th day of March 1990. Bonita Boles Town Clerk 1 March 13, 1990 ;