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HomeMy WebLinkAbout1998-04-2773 Special Town Board Meeting The Lansing Town Board met in Special Session at the Lansing Town Hall Board Room at 8:00 P.M. with Supervisor Kirby presiding. Jeannine Kirby Herbert Beckwith Paul Butler Jeffrey Cleveland Larry Tvaroha Bonita Boles ROLL CALL Supervisor Present Councilman Present Councilman Present Councilman Present Councilman Present Town Clerk Absent Rich John Town Attorney Present The Supervisor called the meeting to order and took the Roll Call. BOND RENEWAL RESOLUTION Dated April 27, 1998 A RESOLUTION AUTHORIZING THE ISSUANCE OF $2029000.00 SERIAL BONDS OF THE TOWN OF LANSING, TOMPKINS COUNTY, NEW YORK, TO PAY FOR THE COST OF THE ERECTION AND INSTALLATION OF DUCTILE PIPE AND ACCESSORIES IN WATER DISTRICT 18 IN SAID TOWN. At a Special Meeting of the Town Board of the Town of Lansing, Tompkins County, New York, held at the Town Hall on the 27th day of April, 1998, at 8:00 o'clock p.m. PRESENT: Jeannine Kirby, Supervisor Herbert Beckwith, Councilman Larry Tvaroha, Councilman Paul Butler, 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 $215,000.00 (Bond Anticipation Note 4 -97); and WHEREAS, Bond Anticipation Note 4 -97 became due on April 30, 1998, together with interest at the rate of 4.20% per annum; and WHEREAS, the Town Board is desirous of renewing said Bond Anticipation Note, 1997 No. 4 -97, said obligation being an assessable improvement within the Town of Lansing related to the cost of the erection and installation of Water District 18 in said Town, less a principal payment in the amount of $13,000.00, to be finances by the issuance of a Note designated as Bond Anticipation Note, 1998 No. 4 -97, in the amount of $202,000.00. 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 4 -98 in an amount of $20200.00 with the Tompkins County Trust Company with interest thereon at the rate of 4.25% per annum for a period until March 30, 1999; and be it further RESOLVED, that the Supervisor cause to be paid a portion of the interest related to the cost of the erection and installation of Water District 18 in said Town, on Bond Anticipation Note 4 -97 together with $13,000.00 in principal; and be it further 74 April 27, 1998, continued 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 15, 1995 in connection with the Bond. Anticipation Note 1995 are designated to apply to the Bond Anticipation Note to be executed by the Supervisor and designated as Bond Anticipation Note 4- 98. The question of the adoption of the foregoing resolution was duly put to a vote on Roll Call which resulted as folllows: Vote of Town Board ... (Aye) Vote of Town Board ... (Aye) Vote of Town Board ... (Aye) Vote of Town Board ... (Aye) Vote of Town Board ... (Aye) Herbert Beckwith, Councilman Paul Butler, Councilman Jeffrey Cleveland, Councilman Larry Tvaroha, Councilman Jeannine Kirby, Supervisor The resolution was thereon declared duly adopted. Minutes taken by the Supervisor and executed by the Deputy Town Clerk.