HomeMy WebLinkAbout05-19-1993Wednesday, May 19, 1993
TOWN BOARD MEETING
5:00 P.M.
The Regular Meeting of the Town Board of the Town
of Cortlandville was held at 5:00 p.m. at the Town Hall,
15 Terrace Road, Cortland, New York with Supervisor
Raymond Thorpe presiOng.
Members present: Supervisor, Raymond Thofpe
Councilman, Edwin O'Donnell.
Councilman, Theodore Testa
Councilman, Ronal Rocco
Councilman, John Pilato
Town Clerk, Pauline Parker
Also in attendance were: Town Attorney, Phillip
Rumsey; Town Assessor, David Briggs; and Highway Sup' t.,
Carl BusA.
The Meeting was called to order by Supervisor
Thorpe at 5:hip p,m.
Councilman O'Donnoll made a motion, seconded by
Councilman Mato, to receive and file the Cortiandville
Planning Board MinutGs of March 30, 1993. All voting
aye, the motion was carried.
RES01UTION #90 AUTHORIZE PAYMENT OF VOUCHERS'
MAY
Motion by Councilman O'Donnell
Seconded by Councilman Testa
VOTES: A!L AYE ADOPTED
BE IT RESOlVED, that the vouchers submitted have Teen
audited and shall bo paid as follows:
General Fund A
Vouchers# 204 -
235
$
10,E79,03
General Fund B
28 -
30
299.31
Highway Fund
167 -
187
16,380.94
Water Fund
83 -
95
11,694-26
Sewer Fund
46 -
52
$
55,516.25
Capital Projects
26 -
33
$133,093.58
Supervisor Thorpe offered privilege of the floor to
Councilman
O'Donnell,
He confirmed that the proposed
ordinance
for Storn
Water Management was forwarded tc
members of
the Planning
Board for their review.
Councilman
Rocco
made a motion, seconded by
Councilman
O'Donnell,
that the proposed contract
received from
Sammons
Communications be received and
filed. All
voting aye,
the motion was carried.
Reports of various departments are on the table for
review, and are available Car inspection, upon request,
in the To,n Clerks Office.
• r
MAY 19, 1993 TOWN BOARD PAGE 2
Councilman Rocco reported that he received a
telephone call from Mr. Chester Gigliuto of Fer-Cor
Drive. He advised that a neighbor has a fence located
in the Towns right-of-way, and it prevents him from
getting out of his driveway in the winter.
A discussion was held with the Highway Sup't. The
fence does not interfere with snow plowing nor is it a
safety hazard. The Town Attorney agreed that it is not
a problem of the Town.
RESOLUTION #91 AUTHORIZATION FOR HIGHWAY DEPARTMENT
TO LET OUT FOR BID ONE NEW DUMP
BODY AND ONE NEW PLOW EQUIPMENT FOR
Motion by Councilman O'Donnell
Seconded by Councilman Pilato
VOTES: ALL AYE ADOPTED
BE IT RESOLVED, the Highway Sup't. is hereby authorized
to let out for bid one new dump body and one new plow
equipment for a truck, and
BE IT FURTHER RESOLVED, that bid will be opened on July
6, 1993, at 3:00 p.m., and award the bid on July 7,
1993, at 7:00 p.m.
RESOLUTION #92 AUTHORIZING THE ISSUANCE OF$155,000
SERIAL BONDS OF THE TOWN OF
CORTLANDVILLE, CORTLAND COUNTY, TO
PAY COSTS OF CONSTRUCTION OF THE
STUPKE ROAD WATER IMPROVEMENT OF
OF SAID TOWN
Motion by Councilman Rocco
Seconded by Councilman O'Donnell
VOTES: ALL AYE ADOPTED
WHEREAS, pursuant to proceedings heretofore had and
taken in accordance with the provisions of Article 12-C
of the Town Law, and more particularly a resolution
dated January 6, 1993, the Town Board of the Town of
Cortlandville, Cortland county, New York, has
established the Stupke Road Water Improvement; and
WHEREAS, it is now desired to authorize the issuance of
$155,000 serial bonds of said Town to pay the cost of
the construction of the Stupke Road Water Improvement;
and
WHEREAS, all conditions precedent to the financing of
such capital project, including compliance with the
provisions of the State Environmental Quality Review
Act, have been performed; NOW
THEREFORE, BE IT RESOLVED, by the Town Board of the Town
of Cortlandville, Cortland County, New York, as follows:
Section 1. For the specific object or purpose of paying
the cost of the construction of the Stupke Road Water
Improvement, consisting of the construction of
approximately 3,800 feet of new water line along the
full length of Stupke Road for the purpose of improving
water delivery from the Lime Hollow Pumping Station to
the Blue Creek Water Tank, including incidental
improvements, appurtenances and expenses in connection
therewith, at a maximum estimated cost of $155,000,
MAY 19, 1993 TOWV BOARD PAGE
there are heraby authorized to be issued $155,000 serial
bonds of the Town of Cortlandville, Cortland County, New
York, pursuant to the provisions of the Local Finance
Law.
Section 2. it is lareby determined that the maximum
estimated cost of suct specific object or purpose is
$155,000, and that tha plan for the financing thereGf is
by the issuance of '"rye $155,000 serial bonds of said
Town authorized to be issued Pursuant to this bond
resolution
Section _3. iL is hereby determined that the period of
probable usefulness of the aforesaid specific objent or
purpose is forty years, pursuant to subdivision 1 of
paragraph a of Section 11.00 of the Local Finance Law.
It is hereby Further determined that the maximum
maturity of the serial bonds herein authorized will
exceed five jears ,
Section -4., Subject to the provisions of the Local
Finance Law, the power to authorize the issuance of and
to sell bond anticipation notes in anticipation of the
issuance aid sale of the serial bonds herein authorize?,
including renewals of sunh notes, is hereby delegated to
the Supervisor, the chief fiscal officer. Such notes
shall be of such terms, form and contents, and shall he
sold in such manner, as may be prescribed by said
Supervisor, consistent with the provisions of the Luca!
Finance Law.
Section — J, The Faith and credit of said Tof own
Cortlandville, Cortland County, New York, are hereby
irrevocably pleaged to the payment of the principal cf
and interest on such bonds as the same respectively
become duu and pal able. There shall he annualli-
apportioned an'..; as2esset upon the several lots and
parcels of land within said Stupke Road WaW�
improvement which tLe Town Board shall determined and
specify LD be especially benefited by the improvements,
an amount safficient to pay the principal and intereEt
on said bonds as the same become due, but if not pai,:"�
from such source, all the taxable real property in said
Town shall bn subject to the levy of ad valorea taxes
without limination as to rate or amount sufficient to
pay the priacipal of and inper e2t on said bonds as
same shall become
Sec'ion_b. Wch bonds sUll be in fully registered form
and shall DE signet in the name of the Town of
Cortlandville, Cortland County, New York, by the manual
Cyr facsimile signature of the Supervisor and a facsimilt-
of its corporate spa! shall be imprinted or impressed
thereon and attested by the manual or facsimilc,
signature of the Town Cleyk.
se( --,-ion -7, The powers
bonds for sale, conducting
and duties ef advertising such
the sale and awarding th.,,
bonds, are hereby delegated
to the Supervisor, who shall
advertise such bends for
sale, conduct the sale, and
award the bonds in such
manner as he or she shall deerii
best for the interests of
the Town including, but not
limited to, the power to oell
said bonds to the New York
State Enviroamental Yawilities
Corporation; provided,
however, that in the exercise
of these dslegated powers,
he or she nball comply fully
with the provisions ot. he
Local Finance naw aM any
order or rule of the State
ConTtroller applicable to
the sale of municipal bonds,
The receipt of the Supervisor
shall be a full
acquittance to We purahpoor
of such bonds, whc shall
not be obligea to see
to the application cf the -
purchase none,
07,
MAY 19, 1993 TOWN BOARD PAGE 4
Section 8. All other matters, except as provided herein
relating to such bonds, including prescribing whether
manual or facsimile signatures shall appear on said
bonds, prescribing the method for the recording of
ownership of said bonds, appointing the fiscal agent or
agents for said bonds, providing for the printing and
delivery of said bonds (and if said bonds are to be
executed in the name of the Town by the Facsimile
signature of its Supervisor, providing for the manual
countersignature of a fiscal agent or of a designated
official of the Town), the date, denominations,
maturities and interest payment dates, place or places
of payment, and also including the consolidation with
other issues, shall be determined by the Supervisor. It
is hereby determined that it is to the financial
advantage of the Town not to impose and collect from
registered owners of such serial bonds any charges for
mailing, shipping and insuring bonds transferred or
exchanged by the fiscal agent, and, accordingly,
pursuant to paragraph c of Section 70.00 of the Local
Finance Law, no such charge shall be so collected by the
fiscal agent. Such bonds shall contain substantially
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 recitals in addition to those
required by section 52.00 of the Local Finance Law, as
the Supervisor shall determined.
Section 9. The Supervisor is hereby further authorized,
at his sole discretion, to execute a loan agreement, a
project financing agreement, and any other agreement
with the New York State Department of Environmental
Conservation and /or the New York State Environmental
Facilities Corporation, including amendments thereto,
including any instruments (or amendments thereto) in the
effectuation thereof, in order to effect the financing
or refinancing of the specific object or purpose
described in Section 1 hereof, or a portion thereof, by
a serial bond issue of said Town in the event of the
sale of same to the New York State Environmental
Facilities Corporation.
Section 10. The intent of this resolution is to give the
Supervisor sufficient authority to execute those
agreements, instruments or to do any similar acts
necessary to effect the issuance of the aforesaid serial
bonds without resorting to further action of this Town
Board.
Section 11. Th
of official i
Section 1.103
resolution, no
be, reserved,
otherwise set
funding of the
is resolution shall constitute a statement
ntent for purposes of Treasury Regulations
- 18(f). Other than as specified in this
monies are, or are reasonably expected to
allocated on a long-term basis, or
aside with respect to the permanent
object or purpose described herein.
Section 12. The validity of such bonds and bond
anticipation notes may be contested only if:
1) Such obligations are authorized for an object or
purpose for which said Town is not authorized to expend
money, or
2) The provisions of law which should be complied
with at the date of publication of this resolution are
not substantially complied with, and an action, suit or
proceeding contesting such validity is commenced within
twenty days after the date of such publication, or
3) Such obligations are authorized in violation of
the provisions of the Constitution.
eC;tio,ia 13 1 1s _=L) i>iIti.:_C1i wh .� ?: takes effs t
immediately, pur ","Rani to sec Pion 75.00 (b) ; Z) an(].
pJrsuant, ti) S->ctl.o 209- (13) (a) of the Towle Law, as
the maximum esti?-Eat.ed cic,st of said. specific objecIl o
pLlr-ose does SC3t v.'xce o one -tenth of one percent of the
fu"'l vaZUain Cf the ta-e real popPrtJn he area
of the Tr-, 11I otIt-sides- of village:,, shall be; published ._1"?
f' n thE; Cor t l an Stand'.....d , the, official newspap e'r,
trget1-er i+Iit a i'>C,i_-_Ce of the Town . 1e-1-k n
substantially, tie foz.- a provided in Section 81.00 of Ine,
Local F.;.l,ance
Q,- I UT 7 T# n'? R THE SS n �
RF..,vi�L.�7a1�s r-.�,� r'�a`�'Ia_:�TTZ_1iA�t�C�', !t?;; fIl':.(Jr��1rT1�t��;7��5' OF r,, �r'?; .;Jis
SERIAL BONDS OF THE TOWN OF
C."OR 'L',A D VYi�LT L E , C'aR'� LI!-,N?� COUNT`-', NE"'!
YORK,
'S OF THE
OF
F THE
STAR? ROAD WATER
'',fP O VLMF'I`TT OF SAID TOWN
�v,:ot.-_or ',v C ?u.nci a man Rocco
F=Bonded by Coj_lncilman O`Donnell
n• ADOPTED
WHIE'RRAS i>lir _=1uant Ito proceedings heretofore _,a, csnd
z
.y_.. _.. t-hc r-,s ory of,
of the To., ni. La`xl i-tnd :11C?re Fart? cul a.r y a resol icii
Clated ilpr'_1 '.? , __0''1j.the 1ottil1 Board of the w< ,;1,cz
�OrtlallCi ' .i.. C" o-z--2.and. CIDunt"F , Neew York, has
,' tabliS xet.. "h _;t<?:... R'Ja(I Wa.te:. I mprov' Di; pnt Area.; ar,,d
WT?}„R.r'-AS• __i_ is na+ ( E.esi.rod to authorize titter. J.ssuance of
boliC:1_ .ls Said "'G',,jn to paV t.h.e co-st; ..;•t
the C'Cl:i;: tt .`i i ].0 i, 4f the Stc.r Y'oad Water 1mprov,,=' i ent
and
T '� Y� '� r .,. _ ...
�'�t�i,;..,"�'d _`.__�- ��4?aG:i,_.C'1�� !,',r'Led@11.tol t?`18 fiTlcl`1(:i1lt_i
such Ca 4t ,3 _.. ect., .!_A C°? ;.i(.11.ng compliance g°e1_th t.hc—
.,proI
' , f" ;^� � n l e 1 '�" 7 Q 1 .-• l -
,. .: �:... � Cl ;� a �:..=i i; V . _: �C� .i � i Tl .. 1 t. a __ ;. u. � i i '�. i''
A.ct , ha-ve NOW
Ti3;~,RERaR;;, .r5<. J_! RE:;r'!t.:112.) tJ?1' the 'r`O'G%n Boa-_rd of _:tE: "_':..':.
Pc _ .G
of i" art.,. ,s 1"; �_%�+''.,. _._ ( �; , Cor�_ land County,
J,oun.t Y , New ;Jc .-k, as fo-Ile4vs .
Section rc,. {^fAt t-'-. _ bjj-_ <'� p os "1t it g
___-- ,.. .. ��;.__._: '_i �C.� or k7.i"p e� L jJa_ 1.ia
the cos t. C;_` 1..Ci� CClli st UC t10='? C ` the Starr Road rya+ C'r•
.I l,protacl�n,er".. cons.. L: ti_:Cx C) he cor?str-uct:_o;._ f
.f. . F, r t r twelve n L .. _. I G'p)pa'7i?if7?ca. :.r,''.�"�' '� 1�rJ kela'. J1. 1�1E'..47 ' N1�1t%e �_iL;��'i SJ�ICi4..'._ 1.l.ize
a1.C)ncj ti ta!"L: Road fro -in c point near cmulkins
_y
NYS '215 ren1aC::_.n g a de'l_e.Ciorating six inch :gate; __.ne,
nc 1. udiIII in,-C'Iuf n. l_t...,. i..lp1C)v9 mle LL t.' , il_ � appu r� es _,. A �n�rc
expenser i__ c,�) i,Zc.tio--i t? ieivitth, at. a maximiz:r, e,st J_-niat-eu
cost if e are ht re.':'i-,; %aut:hCi'"_ted' 10 ?,,e
iss _zed $210 0 C sS11l i .i nIQS aa: thc- _'otall <;
CUri:.1aT.IC�Vt�_'.,'Co 'ctz�d C_;rinty, Nel,'T Yor.k., pi;t1=S,a�-ili''... ;,
t i p o r o v _.:_' ._ -4-_ ; i r j's F, c _l ?_ .' a':1; E. Law.
Sec, i0% _ ?; _. _ ="E'; y `deter iin,2. 7 that "the -
est -mate(fi:("F,.-, C:_ Sa.1t;__ S e C i f I' c C)b-iec 1 pj..�i- lose _.E
y
« 1G,ii0( :"ilw U?:at tl- _ t-i fc.r :h- f1:n1anci1 2'; tile'"Cofi is
I)Z the, 1. is _,'-e '.i ?. A,isG :(;:2 110', 000 seria1 bf_7nds of r.�aif,
� -town a11t_l�.r;,- C; � _ e� .:,._a_._ arLt to t�:�' �'���_ti
,_ _ _ : .i bo
yC uC.tutii.!'.L,
Sect i o, 0 l ,._ "u Jy t�.e'C � :1., necl that �%e pv_ i J; U: L
pwc.babl., of th af o r esa_Jd s,peC-fic ob e` .. cr
purpOs . _s .. „t-v yeai:' , ai..,'suLgn"!-- tC Su!" d visli o r,s
paY'a rapn a E?G .__O ,. _. _.. l 0 Of PF3 OC _..L 11ici 11re .si
�t 1erET_}"y" c. :t" = 1L. ;cr',.-r,+,' a,uav "L clte. a x
l ath'_"'ltv, ;u iF. i '._a btu?.id he Y'f?7I1 L T hC?r 1 : et ?„i.
exceed f:i cP ar, .
70
MAY 19, 1993 TOWN BOARD PAGE
Section 4. Subject to the provisions of the Local
Finance Law, the power to authorize the issuance of and
to sell bond anticipation notes in anticipation of the
issuance and sale of the serial bonds herein authorized,
including renewals of such notes, is hereby delegated to
the Supervisor, the chief fiscal officer. Such notes
shall be of such terms, form and contents, and shall be
sold in such manner, as may be prescribed by said
Supervisor, consistent with the provisions of the Local
Finance Law.
Section 5. The faith and credit of said Town of
Cortlandville, Cortland County, New York, are hereby
irrevocably pledged to the payment of the principal of
and interest on such bonds as the same respectively
become due and payable. There shall be annually
apportioned and assessed upon the several lots and
parcels of land within said Starr Road Water Improvement
Area which the Town Board shall determine and specify
to be especially benefited by the improvements, an
amount sufficient to pay the principal and interest on
said bonds as the same become due, but if not paid from
such source, all the taxable real property in said Town
shall be subject to the levy of ad valorem taxes
without limitation as to the rate or amount sufficient
to pay the principal of and interest on said bonds as
the same shall become due.
Section 6. Such bonds shall be in fully registered form
and shall be signed in the name of the Town of
Cortlandville, Cortland County, New York, by the manual
or facsimile signature of the Supervisor and a facsimile
of its corporate seal shall be imprinted or impressed
thereon and attested by the manual of facsimile
signature of the Town Clerk.
Section 7. The power and duties of advertising such
bonds for sale, conducting the sale and awarding the
bonds, are hereby delegated to the Supervisor, who shall
advertise such bonds for sale, conduct the sale, and
award the bonds in such manner as he or she shall deem
best for the interest of the Town including, but not
limited to, the power to sell said bonds to the New
York State Environmental Facilities Corporation;
provided, however, that in the exercise of these
delegated powers, he or she shall comply fully with the
provisions of the Local Finance Law and any order or
rule of the State Comptroller applicable to the sale of
municipal bonds. The receipt of the Supervisor shall be
a full acquittance to the purchaser of such bonds, who
shall not be obliged to see to the application of the
purchase money.
Section 8. All other matters, except as provided herein
relating to such bonds, including prescribing whether
manual or facsimile signatures shall appear on said
bonds, prescribing the method for the recording of
ownership of said bonds, appointing the fiscal agent or
agents for said bonds, providing for the printing and
delivery of said bonds (and if said bonds are to be
executed in the name of the Town by the facsimile
signature of its Supervisor, providing for the manual
countersignature of a fiscal agent or of a designated
official of the Town), the date, denominations,
maturities and interest payment dates place or places of
payment, and also including the consolidation with other
issues, shall be determined by the Supervisor. It is
hereby determined that it is to the financial advantage
of the Town not to impose and collect from registered
owners of such serial bonds any charges for mailing,
shipping and insuring bonds transferred or exchanged by
the fiscal agent, and, accordingly, pursuant- to
paragraph c c Section 0.00 of the Local .�'Cinanci. law,
no such c`"ia._ ges stall be so collected by the fiscal
agent. Such bonds stall contain substantially the
recital of validity clause provided for in section 52.00
of the Local N _i naT?ce lain and stall otherwise be in such
form and contain such recitals in addition to those
required b section _ion 52.00 1f the Local Finance Law, as
the Supervisor ti,or shall determine.
Section 9The Supervisor is hereby further authc rizod,
at j":1s sole iiscretion to c"'.iiP.C".ute a lOcis agYE-'c?':entp a
project: financing agreement, and any other agreements
with the New York State Department of Environmental
Conservation and/or the New York State Environmental
Facilities Corporation, including amendments thereto,
and including any instruments ('or amendments thereto1 _n
the e fectuFtion thereof,
in order to effect the
financing refinancing of the Specify, object or
purpose described in Section 1 hereof, or a portion
thereof, by a serial ; L ond issue of said Town in the
aver'~+ of the sale of the same to t e New York State
En i r onment:a. Facilities Corporation.
Section 10. The intent of this resolution is, to give
vas
the Supervisor sufficient authority to execute those
agreements, s, Anstrui ents or to do any similar acts
necessary to effect the isouai"ce of the aforesaid serial
r:+J$1ds withcut. resorting to further action of this Town
Section 1I This _.asolution shall constitute a
statement of official intent for purposes of Treasury
Regulations Section 1.103 -- 19(f), Other than as
specified :in this resolution, no monies are, or are
reasonably expected to be, reserved allocated on c
long-term DaEisor otherwise se set aside with respect `o
ct �
the permanent f1`?n.dy i j of the object or purpose described
herein.
Section 12. The validity of such bonds and bond
A_
anticipation no_es may he contested only if:
1 ) Such obligations are authorized for an object. or
purpose for which said Town is not authorized to expend
money. or
2) The provisions of law which should be complied
wi
th h at !aC'l".L: of publication of this r'GSOlu`CI.O?l are not -
substantially complied with, and an action?, suit r
proceedirg contesting such validity is commenced within
t..VvcaTtt.y days After t'.Ile dc",1.te of such publication, ica't.' or} o
'J
3) Such obligations 3 I: e authorized in violation ��
the prc v.i_s__..+n2 of the C: ns i itution.
Section 1p
This
resolution,
which takes effect
immediately,pursuant
to Section
35.00 (b) (2 and
pursuant toSection
2
? 1..i
09-<_ !-r 3) (*
) of the Town Law,
1 Cz N , a :7
yy
the ma}{J.CI:Um
estimated
cost of said
specific ec or
>Llrpose Cues
:not exceed
one -tenth
of one percent of the
full valuation
of the
ta_ ab' e real
property in the area
of the n
cat..Side
'r villages,
sl all be � 1.�.blissh.�." t ii'+
..
dT-i)�;
full in t"hu Cortland
Standard, the
� official icial newspaper,
together_ with
a
notice of.
the Town Clerk in
substantially
the form
provided in
Section 81.00 of t
Local Finance
Law.
MAY 19, 1993 TOWN BOARD PAGE 8
RESOLUTION1.
494 AUTHORIZING THE ISSUANCE OF $222,000
SERIAL BONDS OF THE TOWN OF
CORTLANDVILLE, CORTLAND COUNTY, NEW
YORK, TO PAY THE COSTS OF THE
CONSTRUCTION OF THE STARR ROAD SEWER
IMPROVEMENT OF SAID TOWN
Motion by Councilman O'Donnell
Seconded by Councilman Testa
VOTES: ALL AYE ADOPTED
WHEREAS, pursuant to proceeding heretofore had and taken
in accordance with the provisions of Article 12-C of the
Town Law, and more particularly a resolution dated
December 16, 1992, the Town Board of the Town of
Cortlandville, Cortland County, New York, has
established the Starr Road Sewer Improvement Area; and
WHEREAS, it is now desired to authorize the issuance of
$222,000 serial bonds of said Town to pay the cost of
the construction of the Starr Road Sewer Improvement;
and
WHEREAS, all conditions precedent to the financing of
such capital project, including compliance with the
provisions of the State Environmental Quality Review
Act, have been performed; Now
THEREFORE, BE IT RESOLVED, by the Town Board of the Town
of Cortlandville, Cortland County, New York, as follows:
Section 1. For the specific object or purpose of paying
the cost of the construction of the Starr Road Sewer
Improvement, consisting of the construction of
approximately 4,500 feet of new sanitary sewer line in
the area along Starr Road between Rt.13 and Owego
Street, including incidental improvements, appurtenances
and expenses in connection therewith, at a maximum
estimated cost of $222,000, there are hereby authorized
to be issued $222,000 serial bonds of the Town of
Cortlandville, Cortland County, New York, pursuant to
the provisions of the Local Finance Law.
Section 2. It is hereby determined that the maximum
estimated cost of such specific object or purpose is
$222,000, and that the plan for the financing thereof is
by the issuance of $222,000 serial bonds of said Town
authorized to be issued pursuant to this bond
resolution.
Section 3. It Is hereby determined that the period of
probable usefulness of the aforesaid specific object or
purpose is forty years, pursuant to subdivision 4 of
paragraph a of Section 11.00 of the Local Finance Law.
It is hereby further determined that the maximum
maturity of the serial bonds herein authorized will
exceed five years.
Section 4. Subject to the provisions of the Local
Finance Law, the power to authorize the issuance of and
to sell bond anticipation notes authorize the issuance
and sale of the serial bonds herein authorized,
including renewals of such notes, is hereby delegated to
'the Supervisor, the chief fiscal officer. Such notes
shall be of such terms, form and contents, and shall be
sold in such manner, as may be prescribed by said
Supervisor, consistent with the provisions of the Local
Finance Law.
1 73
MAY 19, ici9�1 F� 0 21IR 'IE,
-ecti-Lon 5. The -F a -'_ tand Credit of said 1'own of
C o r -I- I a nC11 v I; I.-L e. C o r t I an c. :aunt ,,v IN'e -.v Y C) rk- are 'he,_e;,_,),-r
i r r e v o c a J-h I y x1; ed� a e d pay.ment of the princi-PaL of
_C, �-he -
aild interest o s , c h h, �, it -i s � a s t he same r e s 1p e c t i e I
be c o, m e d -4 e an P a v a I e - h Fare shal he annua7 Iy
a p p o r t 11 o n, eu a.i_+, a s 4s, e c, c1 upon the s e v a r a 1. -lots, andl
parce1s C-1 a. -1; , U�7 h 1, n s, a i d S t a rr Foad S"evve, r
1 mm r c) v e m. P, n It Ar,,��a the T, ow -I Board shaj.1 de'�- L. e 1`1 e
and -3 P e C i f t! e
especial I-- bene-F4
_2 Eed ',Dy t 1, e
a n a -n -t 5 -ti f 4: 9 n - p a y the -.)rJn,,c-'pa"
mprcovements
bU4-
L
and 1 's a n, (_�` �s, a s, tl-I e sa m. e b e c -o.m e a u _f-
i f not a �f`ro i_ clri -,.�ource a I I t 1 1- -k-, -L . e t a x a e r e a
P ro p e rt :be! subject to the _Ievy of
1 m-ta-ticn
ad val-orem -rJ_ F_ hc, u 1E. Ii, as to i: a f_- e, c, r
amount- 's-u)"f i 1J. e 1, -i a -,F
the principal of and J _ n e L, e. s t
o-n said a-:. IL -he saT:ie sha"LI 'Decome due.
n 6. Sucl-i ')onJk.- dial -I be J ,, f i i 11 y r e g il s t e r e d f: c 1- 1P.
and s ha- I I e s i g ned. iii t h E_; naMe 01 the T com +
Cor�- 7 d � _L anv 11 Cc r"t 1,and C`ount Y, New York, by t i e m an U a1
0 r a C S i 1-. 6 n a t ti r e c f i-. h e S up e r v i so r a n d a f a c S:7-
0
IL 1tS j!,orperate seL1 s, ha 11 b e imp:,iinted or LLirinressed
t'ilereo and F, t e d :':1 m a :a1 or a!
s- -!.g n a t u T
Section 7. 7 es 1- 4
.,i CU dut o f ad-ver s 1 r such
bond�!
cc ni duc I' ng IC-1-1 e sale and awardi:iig the
1) ozi ds F, 6 I-Iereh-y tsou- 4 `-ooe C, _l ha�
-:rds f c, r s a I e co n d,,.i c t I-- 1-i e s a _n"
_,e . a
ad r IL b,
award Lh-�� 1110,QC17- .1n, 5 -,_1 er as lie o_ she s h a 1. ]. id e e -, r,
h. e S or' Z t h e 'IF, o vn i i n c 1 u d I n g buIC n,:)t
J_ 'JMited,
seIl saird, bonds 1--o the ew vo,_-7r_
e Env,i,,, _menta'L Faci I its Co rpo r at on; prev -Jde,d
h o w e vie r h,-i. -Ae e for 7.ce c, -j;f these de I e, g a t e d D; w erS
e or s, w- -I- h I- he Prcv is ions o- the
L L
f t h e "t a t
o Ca! F aw 0-
o, 0 7.]
i p `c.. r s a -1 e o. i,:iun c i P a 1 o n (-' s
7�,he r e c e f thle S e:� -L _ \7 S 01 shall be a 41,1 - I I
acquitta_n__r,, 'k ,, � t11 p, c h a s e 2: o f such bonds, wl-.L--) s -',-;a -f
n o' b. e o s e,�� lt- o t �1-4 P, a,,-, pI i c a. jr � on o f t .1"i e
Parchiase racncy,
Ser,t'jo.-I S. ple; , ot'hE:r 11-hal-_`,.-,��rS, oxcept as' rovided he
reLat.'iLng tc i_-;1ac1-_, JL.-ne--,1ud.JL.n1g prescribing w"�-Iether
manuai 0Z .13! 111 il - 03 s g n a t u r o sha-71 aDpear c n a-4- d',
I) o n a. s r 4: S_ C 1 1.c 11-i Ji
C� m P- t I I o ,:t f 0 trite recording o-F
4
owr nesh1-P I 4S I bc-, n ds, a D p o i -_n i L-in- the ---F -sea, agen`- o-c
agent-s foa: a 1 21). 1 _,n d for the 1_-,rinti,.-ig a,L-i,,_'
de I i v 1, co" s a i d I n d valid if 3 bonis are o I D e
exec-ted r f t1.e �'-, T C, wn by the
s i g n, a. t u r e 0
t
S ID, or he an al
t: ss fiscal agent. or of a des iGlilaced
of f i c i a 3_ t3 the Town) f the- d Lz 1-- o denorri-i nati-Dns
i,,.i a t- u r i t i ine,;- , , L .—, -eL- dates, i)lace or p1aces
C) IF Pa yri 1 e 1) 1-- had al I s, r) JL.n c 11- i d i n g the C C1 n s o I. -IL -CA1 a t -ni w _4 t
o t, 'r, e r -! s, s a,". I h e r i,,i i n e, d y t h e IS u p e r v JL* S o rt
4 . i
S e, r e --'v m in e cl Co t, h e f i i,, a n J,
advantage cf "'ow-,
0 eIf! C, S e and collecl*, rrm
r e g 1 o e-2 fonds a n v cl-larrjelE for a
i-,i a J , ng, 1 9 n u r n a ansfer:ed o-
-
j )onds trans
(_:1 x c h a n ge, d !Lr Y J: a g e n t- an n, accordingly, pursuan-
t 7 G 0 o -F the L o C a J_ 1,7 -1 n n n (-, e
-'J i n'"
L 4
aw , n o z-, h 90s e s. o C o 11 t e d b v sir f
agent. U C... D 0 S, - j CIE s hal 1 c nt tin s,,A b s t a, It- e,
7 L -L, - 11 r t n, v �t -,,s, rz� p o v (f, e,,q f
C),L -,-n section 52. r!O
of lie "F a T, r! e d s h 7 c, 'I I - e r w J.
.L se be 1.;1-i sulcll
-1 1 o - *on tc th-se
im a, n,.' a J. t ,_n -."U a I S in adclit-L
r
lie I-localL Fi nance Law, as
the Su")e-v sf-,, s_" d e ft n e
W
MAY 19, 1993 TOWN BOARD PAGE 10
Section 9. The Supervisor is hereby further authorized,
at his sole discretion, to execute a loan agreement, a
project financing agreement, and any other agreements
with. the New York State Department of Environmental
Conservation and/or the New York State Environmental
Facilities Corporation, including amendments thereto,
and including any instruments (or amendments thereto) in
the effectuation thereof, in order to effect the
financing or refinancing of the specific object or
purpose described in Section 1 hereof, or a portion
thereof, by a serial bond issue of said Town in the
event of the sale of same to the New York State
Environmental Facilities Corporation.
Section 9.0. The intent of this resolution is to give
the Supervisor sufficient authority to execute those
agreements, instruments or to do any similar acts
necessary to effect the issuance of the aforesaid serial
bonds without resorting to further action of this Town
Board.
Section 11. This resolution shall constitute a
statement of official intent for purposes of Treasury
Regulations Section 1.103 - 18 (f). Other than as
specified in this resolution, no monies are, or are
reasonably expected to be, reserved, allocated on a long
term basis, or otherwise set aside with respect to the
permanent funding of -the object or purpose described
herein.
Section 12. The validity of such bonds and bond
anticipation notes may be contested only if:
1) Such obligations are authorized for and object
or purpose for which said Town is not
authorized to expend money, or
2) The provision of law which should be complied
with at the date of publication of this
resolution are not substantially complied with,
and an action, suit or proceeding contesting
such validity is commenced within twenty days
after the date of such publication, or
3) Such obligations are authorized in violation of
the provisions of the Constitution.
Section 13_ This resolution, which takes effect
immediately, pursuant to section 35.00 (b) (2) and
pursuant to Section 209-q (13) (a) of the Town Law, as
the maximum estimated cost of said specific object or
purpose does not exceed one -tenth of one percent of the
full valuation of the taxable real property in the area
of the Town outside of villages, shall be published in
.fu]_1 in the Cortland Standard, the official newspaper,
together with a notice of the Town Clerk in
substantially the form provided in Section 81.00 of the
Local Finance Law.
RESOLUTION #95 AUTHORIZE CASH ADVANCE FOR CAPITAL
PROJECT - STARR ROAD SEWER
Motion by Councilman O'Donnell
Seconded by Councilman Testa
VOTES: ALL AYE ADOPTED
ICE IT RESOLVED, the Budget Officer is hereby authorized
and directed to make a cash advance from Sewer fund
Surplus in the amount of $4,843.31 and transfer to the
Starr Road Sewer Improvement Project.
MAY J11-9, -T, 0 Tv 7 N B () R 11, PACE 11'
RESOLUT10"I #96 !:�TTTHORIZE BUDGET TRANSFER
110 +Jon 1-v Councilmc an Roco
,1
Seconded by Councilman O'Donnell
VOTES "" AYE ADOPTED
- 1,1ALL'
,
BE IT RESOL""rED, 1-he Budget Officer is hereby authorized
and directed to transfer $3,332.50 from General Fund A,
A 19 0 0 . A- 1 Ccnt 4 -Igp- C and transfer to Genes: al Fn ud A
accounts as follows:
213.50
A1440.2 Eg-lreer cfuipme.,nt
Al. 1110 10 jury Trials $ 119.00
l-i o, nnce u,c,e-rvisor Thorpe a_n. t_d that on Tuesday al2
199' at e M-,'-4raw 0-1 (� _W i r e Station, the Cis land
A-
C ort n t y Fe,,-mi ly Suppcort Group will be . presei, - 4 ,
1- -111- 1 ng a zcroll
showing th�-_ natmes of t1he nien a-nd lv;cmen who served during
Operatic)n 1114
0 Storm.
C C) 1LI iA C, 11 -1 i a, r R o c- c o made a mo t 41 0 n. , seconded !?v
C o ur c i I il i a T a s a 0 L" ,_3 c C_ SS the regular meeting,
onveT. to ai Gxe cut J ve session to discuss a matter of
pendl ng l it -j a t i (---, i i Al I v ,-, t i n g aye, the motion w`cis
carried,
An was held with Dr. Lee Ambro_e
and "Ittorney, Williai-,i Pomeroy.
Cot nf--ill.1t,i.n
Te'c"t-a made a
motion, seconded,
by
Councilman
O'Donnell-, adjourn
the executive
session
and convene
motion was
the Regular Meeting.
carried.
All voting
aye,
the
I
RESOLUTION
#97 AUTHORTZE THE
REQUEST OF
DR�
LEE
TO ACKNOWLEDGE HIS
"ITETTER
AND REQUEST REVIEW OF WATER
BENEFIT
CHARGES
M M otion by Cou,=Jlman Rocco
Secondeld by Councilman O'Donnell
ATT 2�YE
"ITOTE — ij __ 1'3: ADOPTED
WHEREAS, ies located wLthin the Reriaissance 1
Subdi' V4
_Lvicn have b3en charged the appropriate wat_r unit
tax ir a c. c r. _1 n. ce- t,V, h tncT o w n s rules a n d r e g u 1 a t on
a n d
WHEREAS, , Dr I'las requested the revie-.,.;
these charg,s In a-:daInh t
vis Let ero a v
199C), 10 -F
BE `L` RESOLVEID, tLe To�l,_. Board dces acknow-!edge -!-he
n correspodence of May 9, 19-90, and request the Assessor
4
to przpar l? �2_ i i C1 u bl t a p r o p o s E, d solution regard...11g
c. !,. ar g e s cf vv a `L e r b e n fit tax eri thin Renaissance I
I-u 'r,. di I/ J !� i (, I I ,
Cou.ncil.-ilian Rlocco rr,, a if e a miotion seconded
ClCouncilmar 0 ' D o ri n e 1, 1- adJoU Ir p _ 4 �- h e :Regular M e et 4
All voting., a,,7&,, the ilio'Cion, was carried.
The Gj'a.s ;:;.djourne If _-E,,t 6:20 p.m.
e s I r;;S fi �y Subm-
4- �1-
Paulinc- K. Parker, CnC
Town Clerk
Town of Cort-landville