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HomeMy WebLinkAbout2004-11-29233 November 29, 2004 The Lansing Town Board met in Special Session at the Lansing Town Hall Board Room at 12:00 noon on November 29, 2004 with Supervisor Farkas presiding. The Supervisor called the meeting to order and had the clerk take the Roll Call. Stephen Farkas Marty Christopher Doug McEver Bud Shattuck Connie Wilcox Bonny Boles Guy Krogh Visitors: None BAN RESOLUTION: ROLL CALL Supervisor Councilperson Councilperson Councilperson Councilperson Town Clerk Town Attorney RESOLUTION 04 -216 BOND RENEWAL RESOLUTION Dated November 29, 2004 Present Present Absent Present Absent Present Present A RESOLUTION AUTHORIZING THE ISSUANCE OF $154,840.00 SERIAL BONDS OF THE TOWN OF LANSING, TOMPKINS COUNTY, NEW YORK TO PAY FOR THE COST OF THE PURCHASE OF HIGHWAY EQUIPMENT. At a Special Meeting of the Town Board of the Town of Lansing held in and for the Town of Lansing at the Lansing Town Hall on 29th day of November, 2004, the following members being present: Stephen Farkas, Supervisor; Francis Shattuck, Councilperson; and Marty Christopher, Councilperson; and the following members being absent: Douglas McEver, Councilperson; and Connie Wilcox, Councilperson; and the following Resolution was duly made by motion of Francis Shattuck, and seconded by Marty Christopher, and the vote was as follows: Stephen Farkas — aye, Francis Shattuck — aye, and Marty Christopher - aye, and the following Resolution therefore passed 3 -0: WHEREAS, the Town Highway Department purchased a new multi - purpose excavator in October 2003 at a purchase price of $234,000.00; and, WHEREAS, the Town Board issued a Bond Anticipation Note, 2003 No. 01 -03, in the amount of $184,000.00 to pay for the actual and estimated expenses related to the purchase of the multi - purpose excavator, which Bond Anticipation Note has come up for renewal; and WHEREAS, the Town has contacted several lending rates, and has determined that the banking institution rates should issue the funds pursuant to the BAN pro WHEREAS, after a review of the foregoing and thereof, the Town Board of the Town of Lansing has institutions to find the lowest BAN with the best service and the lowest Bess; and due deliberation and consideration hereby RESOLVED, that the Town Board of the Town of Lansing, Tompkins County, New York hereby authorizes the Supervisor, or the Deputy Supervisor, to make a payment to the Troy Savings Bank in the amount of $29,160.00, representing the principal and interest due on the present Bond Anticipation Note 01 -03; and it is further 234 Continued, November 29, 2004 RESOLVED, that the Town Board of the Town of Lansing, Tompkins County, New York hereby authorizes the Supervisor, or the Deputy Supervisor, to execute and deliver such documents as are necessary to issue Bond Anticipation Note 01 -04 in an amount of $154,840.00 with the Tompkins Trust Company, with interest thereon to be not greater than 2.18% per annum for a period from December 1, 2004 until November 30, 2005; and it is further RESOLVED, that the Town Board of the Town of Lansing, Tompkins County, New York hereby authorizes the Supervisor, or the Deputy Supervisor, to use the proceeds of the Bond Anticipation Note 01 -04 to fully pay the remaining obligation of the Town of Lansing to the Troy Savings Bank under Bond Anticipation Note 01 -03 in the amount of $154,840.00; and it is further RESOLVED, that the Supervisor, or Deputy Supervisor, be and he hereby is authorized to execute and deliver such documents as are necessary to effectuate the purposes of this Resolution; and it is further RESOLVED, that the Bond Anticipation Note to be executed by the Supervisor, or Deputy Supervisor, shall be designated as Bond Anticipation Note 01 -04. AUDIT RESOLUTION: 04 — 217 RESOLUTION, offered by Mr. Christopher and seconded by Mr. Shattuck: RESOLVED, that the bookkeeper is hereby authorized and directed to pay the following bill: Pre -Paid Voucher Number 1288 FUND General Fund TOTAL APPROPRIATIONS Vote of Town Board ... (Aye) Marty Christopher, Councilperson Vote of Towri Board.... (Aye) Bud Shattuck, Councilperson Vote of Town Board ... (Aye) Stephen Farkas, Supervisor ADJOURN MEETING 04-218 RESOLUTION, offered by Mr. Christopher and seconded by Mr. Shattuck: 12:10 p.m. RESOLVED, that the meeting be adjourned at the call of the Supervisor at Carried.