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HomeMy WebLinkAbout1998-03-28M SPECIAL TOWN BOARD MEETING The Lansing Town Board met in Special Session at the Lansing Town Hall Board Room at 12:00 p.m. with Supervisor Kirby presiding. ROLL CALL Jeannine Kirby Supervisor Present Herbert Beckwith Councilman Present Paul Butler 35,786.91 Councilman Cap. Proj. /Myers Absent Jeffrey Cleveland Councilman Present Larry Tvaroha Councilman 393,861.52 Absent Bonita Boles 13 Town Clerk Absent Richard John Town Attorney Present Visitors: None The Supervisor called the meeting to order and took the Roll Call. AUDIT RESOLUTION offered by Mr. Cleveland and seconded by Mr. Beckwith: RESOLVED, that the bookkeeper is hereby authorized and directed to pay the following bills: ACCOUNT PRE -PAIDS VOUCHERS AMOUNT General Fund 77 -78 33,693.86 Highway Fund 49 -149 35,786.91 Cap. Proj. /Myers Road Bridge 144 393,861.52 Lansing Water Dists, 13 14 -17 108,827.91 McKinney's 1 11247.37 Lans, Light Dists. 2 11314.28 Vote of Town Board (Aye) Herbert Beckwith, Councilman Vote of Town Board (Aye) Jeffrey Cleveland, Councilman Vote of Town Board (Aye) Jeannine Kirby, Supervisor BOND RENEWAL RESOLUTION Dated March 28, 1998 A RESOLUTION AUTHORIZING THE ISSUANCE OF $ 1,145,000.00 SERIAL BONDS OF THE TOWN OF LANSING, TOMPKINS COUNTY, NEW YORK TO PAY FOR THE RENEWAL OF A BOND ANTICIPATION NOTE NO, 3-97, BEING USED TO PAY FOR THE COST OF: FOUR PIECES OF EQUIPMENT FOR THE TOWN HIGHWAY DEPARTMENT IN THE AMOUNT OF $ 100,000.00; THE ERECTION AND INSTALLATION OF WATER DISTRICT 2 -2 IN SAID TOWN IN THE AMOUNT OF $ 90,000.00; THE ERECTION AND INSTALLATION OF WATER DISTRICT 17 -1 IN SAID TOWN IN THE AMOUNT OF $ 200,000100; THE ERECTION AND INSTALLATIONS OF WATER DISTRICT 17 -2 IN THE AMOUNT OF $ 14,750.00; THE ERECTION AND INSTALLATION OF WATER DISTRICT 17 -3 IN SAID TOWN IN THE AMOUNT OF $ 187,250.00; AND, FOR THE WATER SYSTEMS IMPROVEMENTS PROJECT IN THE AMOUNT OF $ 553,000.00. At a special meeting of the Town Board of the Town of Lansing, Tompkins County, New York, held at the Town Hall on the 28th day of March, 1998 at 1_2:00 o'clock p.m. PRESENT: Jeannine Kirby, Supervisor Herbert Beckwith, Councilman Jeffrey Cleveland, Councilman The following resolution was offered by Councilman Jeffrey Cleveland, who moved its adoption, seconded by Councilman Herbert Beckwith, to wit: WHEREAS, the Town of Lansing, Tompkins County, New York has issued a Bond Anticipation Note to the Tompkins County. Trust Company in the amount of $ 1,251,600.00 (Bond Anticipation Note, 1997 No. 3 -97); and 61 continued March 28, 1998 WHEREAS, Bond Anticipation Note No. 3 -97, becomes due on March 30, 1998 together with interest at the rate of 4.25% per annum; and WHEREAS, the Town Board is desirous of renewing said Bond Anticipation Note, 1997 No. 3 -97, a portion of said obligation related to the cost of the purchase of four pieces of equipment for the Town Highway Department less a principal payment in the 'amount of $ 50,000.00; and a portion of said obligation related to the erection and installation of Water District 2 -2 in said Town, less a principal in the amount of $ 9,000.00; and a portion of said obligation related to the cost of the erection and installation of Water District 17 -1 less a principal payment in the amount of $ 10,000.00; and a portion of said obligation related to the erection and installation of Water District 17 -2 less a principal payment in the amount of $ 750.00; and a portion of said obligation related to the erection and installation of Water District 17 -3 less a principal payment in the amount of $ 9,850.00; and a portion of said obligation related to the cost of the Water System Improvements Project less a principal payment in the amount of $ 27,000.00; to be financed by the issuance of a Note designated as Bond Anticipation Note, 1988 No. 3 -98,; and NOW THEREFORE, BE IT RESOLVED, that the Town Board of the Town of Lansing, Tompkins County, New York hereby authorizes the Supervisor to execute and deliver such documents as are necessary to renew Bond Anticipation Note 3 -97 in an amount of $ 1,145,000.00 with the Tompkins County Trust Company with interest thereon at the rate of 4.10% per annum for a period until March 30, 1999, with a new Note designated as Bond Anticipation Note, 1998, No. 3 -98; and be it further RESOLVED, that the Supervisor cause to be paid: (1) a portion of the interest related to the cost of the four pieces of equipment for the Town Highway Department together with $ 50,000.00 on principal (2) a portion of the interest related tot he cost of the erection and installation of Water District 2 -2 in said Town together with $ 9,000.00 on principal, (3) a portion of the interest related to the cost of the erection and installation of Water District 17 -1 in said Town together with $ 10,000.00 on principal, (4) a portion of the interest related to the cost of the erection and installation of Water District 17 -2 in said Town together with $ 750.00 on principal, (5) a portion of the interest related to the cost of the erection and installation of Water District 17 -3 in said Town together with $ 9,850.00, and (6) a portion of the interest related to the cost of the Water Systems Improvement Project in said Town together with $ 27,000.00 on principal; and be it further RESOLVED, that the Supervisor be and she hereby is authorized to execute and deliver such documents as are necessary to effectuate the purposes of this Resolution; and be it further RESOLVED, that all of the provisions in the Bond Resolution dated March 21, 1997 in connection with the Bond Anticipation Note No. 3 -97, that all of the provisions in the Bond Resolution dated March 15, 1996 in connection with the Bond Anticipation Note No. 2- 96, and that all of the provisions in the three Bond Resolutions dated November 6, 1996 in connection with the Bond Anticipation Note No. 4 -96, and that all of the provisions in the Bond Resolution dated November 4, 1992, in connection with the Bond Anticipation Note No. 5 -96 (sic 2 -96), are designated to apply to the Bond Anticipation Renewal Note to be executed by the Supervisor and designated as Bond Anticipation Renewal Note 3 -98. The question of the adoption of the foregoing resolution was duly put to a vote on roll call which resulted as follows: Jeannine Kirby voting aye Herbert Beckwith voting aye 62 continued March 28, 1998 Jeffrey Cleveland voting aye The resolution was thereon declared duly adopted. On motion, the meeting was adjourned at the call of the Supervisor at 12:45 p.m. Acle i U