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HomeMy WebLinkAbout12-16-1970Wed. Dec. 16, 1970 at 7.30 P.M. The second regular meeting of the Town Board of the Town of Cortlandville was held at the Town Hall, Supervisor Frank K. Taylor, presiding. Other Board Members present were Justices Donald Eaton and Ronald. Fish, councilman Sherman Griswold, Councilman Miller was not .present at this time. Also present were Rudy Krauklis, book-keeper_ for Supervisor, Henry Wads- worth, Town Assessor, John J. Gardner, Town Attorney, Wm. Rowell, Town Engineer, Louis Wagner, Town Hgwy Supt. and present also were Walter Tennant Co. Hgwy Supt. and Attorney John Ryan. Town. Clerk read minutes of the last meeting and there were no corrections. ,,:f Iq9 Motion was made by Mr. Eaton seconded by Mr. Fish that the House Trailer Permit of Gary Reardon be extended another 6 months on payment of $10.00 Fee. This motion was carried. $141 Motion was made by Mr. Griswold seconded by Mr. Eaton that the Trailer Park Permit of Calvin and Hilda Griswold be renewed for another year at the Fee of $35.00. This motion was carried. his 3 Motion was made by Mr. Eaton seconded by Mr. Griswold that the bid_ of General Electric Co. Mobil Radio Dept. be accepted. for 3 G.E. Master Transistor Radio Equipment for the sum of '$1749.00. This motion was carried. Hgwy Supt' Wagner, reported that he hired Karl Rogers at $2.25 per hr. d-)D Motion was made by Mr. Eaton seconded by Mr. Griswold that a light be installed on the Niagara Mohawk pole near the cinder pile. The lighting Committee will investigate the request of Walter Peck for a street light on. Gailor. Road., near his residence: On motion ofs'"`. r • •, seconded by n ' i �`: '�:`'�} , the following- Resolution was unani- mously adopted: CAPITAL NOTE RESOLUTION Dated December 16, 1970,• WHEREAS, The Town Board of the Town of Cortlandville,,New York, after due notice by Resolution duly adopted on the lst day of April 1970, authorized the Town Superintendent to purchase a four wheel drive diesel powered truck with snow removal equipment for highway maintenance at a total cost of Twenty-seven Thousand Six Hundred Forty-seven Dollars and Forty-five Cents ($27,647.45), subject to the approval of the County Superintendent of Highways and provided that Twenty-six Thousand Dollars ($26,000.00) of such cost was to be paid from the proceeds of obligations to be issued pursuant to the Local Finance Law; and WHEREAS, A contract of purchase for such diesel powered tru th snow removal equipment was thereafter entered into by the Town Superintendent of Highways, which contract was duly approved by the County Superintendent of Highways: NOW, THEREFORE, BE IT RESOLVED: 1. That the specific object or purpose for which the obliga- tions are to be issued pursuant to this Resolution is to finance th purchase of a diesel powered truck with snow removal equipment. 2. That the maximum cost of such truck with snow removal equ�_16'1 ment is Twenty-seven Thousand Six Hundred Forty-seven Dollars and Forty-five Cents ($27,647.45), and the plan of financing such cost is as follows: (a) Current funds in the Highway Machinery Account Funds No. 3 in the amount of One Thousand Six Hundred Forty-seven Dollars and Forty-five Cents ($1, 647.45) . The balance of the cost is to be pro. ded by the issuance of capital notes in the amount of Twenty-six Thousand Dollars ($26,000.00) pursuant to this Resolution. JOHN J. GARDNER ATTORNEY AT LAW CORTLAND, N. Y. 3. That the following determinations are hereby made: (a) The period of probable usefulness of such diesel pow truck with snow removal equipment is five (5) ,years. (b) The subdivision of paragraph (a) of Section 11 of the Local Finance Law which is applicable in the circumstances in sub- division "28". (c) The proposed maturity of the obligations offered by this resolution will not be in excess of five (5) years. 4. That the Town of Cortlandville shall issue two capital notes in the aggregate amount of Twenty-six Thousand Dollars ($26,000.00) to finance such cost in accordance with the finance plan set forth above. Such note shall be dated as of the approxi- mate date of the delivery of the diesel powered truck with snow re- moval equipment, and the power to fix and determine the exact date of such notes is hereby delegated to the Supervisor. 5. That such capital notes shall be numbered 1 and 2 and s mature in numerical order in one installment in the amount of Six Thousand Dollars ($6,000.00), due February 15, 1971, and another installment in the amount of Twenty Thousand Dollars ($20,000.00), due February 15, 1972. The power to fix and determine the dates upon which such installments shall become due and payable is hereby delegated to the Supervisor. The notes shall be issued in bearer form,shall not contain the power to convert to registered form and shall bear interest at the rate not exceeding four and three-quarte s percentum (4. 3/4% per annum, payable annually. Such notes shall b in substantially the following form: UNITED STATES OF AMERICA State of New York INo. 1 County of Cortland Town of Cortlandville Capital Note of 1970 $6,000.00l The Town of Cortlandville, in the County of Cortland, a munic� JOHN J. GARDNER pality of the State of New York, hereby acknowledges itself indebte ATTORNEY AT LAW CORTLAND. N. Y. L- �/5`� On the motion made by. .',seconded hy. A ..... Ott . it was resolved to supplement the 1970 town budget appropriations and to modify appropriations and to trosfer moneys as folly610 1) to increase appropriation A1110.1 -Justice of Peace Contractual Expensesfrom 1000.00 to A 2200.00. Qbrese of 1,- 1200.00 shall be h �14 a appropriated from current surplus in account A 2610 ( Fines & Forfeitures estimated revenues 9500.00 actual A 15017-00) 2) to increase appropriation A 1450.4 (Rentals of Polling Places) from 1 140.00 to 215.00 transferring 1 55.00 from appropriation A 1355.4 Assessor's Contractual Expenses). T)to increase appropriation A 5112.4 -Highway Garage - from 2500-00 to a 1000.00 transferring 0500.00 from appropriation A 1620.4 - Town Hall ContractuAl Exp.-. 4) to increase appropriation A 8160.1 -Dump Personal services - from 4 2400.00 to A 6,120.00 and appropriation A 8160.4 -Dump Contractual expenses - from 114,846.00 to A 1706.00. Total increase of " 6120.00, shall be transferred: 5070-00 from 1969 unexpended balance and 8 1050.0 from surplus funds- General Fund Whole Town. 5) to transfer Q 12379.12 from 10 Year Highway Pro;ram ( Item la) to Highway Improvement and General repairs ( Item 1) increasigg approprintion General Repairs Personal services from A, 14100.00 to 17420.00 and appropriation General Repairs Cotractual expenses from 5900-00 to 1 11300.00. The balance of $ 3659-12 shall be applied towards 1971 highway budget item 1. 6) to increase oppropriation Item 3 Machinery Repairs Personal services from Q,, 10500.00 to 13500.00 and appropriation Item 3 Machinery Repairs Contractual expenses from 810500.00 to $ 16000.00. Total increase of Q 8500.00 shgll be financed by transferring to V Item 3 4p 7500.00 from WholeTown General Fund surplus and 1000.00 from Item 3 1969 unexpended balance. 7) to increase appropriation Item 4 Snow Removal Contractual Exp. from $ 4400.00 to 1 5800-00. increase of 1 1400.00 shall be financed by transferring this amount frOm Whole Town General Fund surplus. 1� 7_, Motlo-,ri, w9s, made by Mr. Griswold seconded by Mr. Eaton that a street light be installed on Clinton St. Ext. at entrance of the Charles McEvoy Boces School. This motion was carried. ;K- / S-'z Motion was made by Mr. Eaton seconded by Mr. Fish that the final Pieetin- of the year be held Tuesday, Dec. 29, 1970 at 7:30 P.M. This motion was rar-lied. Mr. RoT�ell- reported that the State has agreed to Install a Valve on r)n(- side of the road. or the other on the new water lines that they, are installing from Overhead Door to their property on West Road (Route 281). Motion was made by Mr. Eaton seconded by Mr. Griswold that Water District # 1 shall sell water to Water Dist. # 3 at a flat rate of $.40. per 1000 a;al. This motion was r.arried. ' )� L Capital Note Resolution folTows on next pages, also Resolution regart'Ting transfer of funds. There being no further business at this time, meeting was adjourned.. Lelan M Bro-okins, Town Clerk E e and for value received, promises to pay to the bearer of this note, the sum of SixThousand Dollars ($6,000.00), on the 15th day of Feb- ruary, 1971, together with interest thereon from the date hereof at the rate of four and three-quarters percentum (4 3/4%) per annum, pyable on the 15th day of February, 1971, and annually thereafter on the 15th day of February from the date of this note until it matures, upon presentation of this note for notation of such interest payment thereon. Both principal of,and interest on this note shall be paid in lawful'+money of the United States of America at the office of First National Bank of Cortland, Cortland, New York. This note may not be converted into a registered note. This note is one of an authorized issue, the aggregate princi gal amount of which is Six Thousand Dollars ($6,000.00), the notes of which are of .like tenure, except as to number, maturity and are issued pursuant to a resolution entitled "Capital Note Resolution" duly adopted by the Town Board of such Town of Cortlandville on December 16, 1970. The faith and credit of such Toown of Cortlandville are hereby irrevocably pledged for the punctual payment of principal and irate est on this note according to its terms. It is hereby certified and recited that all conditions, acts id things required by the Constitution and Statutes of the State of Vew York to exist, to have happened, or to have been performed pre- :edent to and in the issuance of this note exist, have happened and nave been performed and that this note, together with all other in- �btedness of such Town of Cortlandville, is within every debt and limit prescribed by the Constitution and Laws of such State. IN WITNESS WHEREOF, The Town of Cortlandville in the County ortland, New York, has caused this note to be signed by its Super- 1�isor and its corporate seal to be hereunto affixed and attested by JOHN J. GARDNER ATTORNEY AT LAW CORTLAND, N. Y. 0 its Town Clerk and this note to be dated as of the 17th day of December, 1970. (Town Seal) TOWN OF CORTLANDVILLE, CORTLAND COUNTY, NEW YORK. BY. . . . . . . . . . . . . . . . . . . Supervisor ATTEST: . . . . . . . . . . . . . . . . . . . Town .Clerk of the Town of Cortland- ville, New York. 6. The Supervisor is hereby delegated with power to prepare such notes and to sell such notes at private sale at not less than par and accrued interest and at such sale to fix the interest rate to be borne by such notes within the limitations set forth in this Resolution. The Supervisor shall deliver such -notes to the pur- chaser thereof only against cash or a. certified check. The proceed of the sale of the notes shall be deposited in a spocial ba.nk account as required by Section 165.00 of the Local Finance Law. The powers delegated to the Supervisor by this Resolution shall be exercised i conformity with the provisions of the Local Finance Law. 7. This Resolution shall take effect immediately. Upon the question of the adoption of the following Resolution the following each voted "Aye" in favor of the Resolution: Supervisor, Fra.nk K. Taylor; Justice of the Peace, Donald F. Eaton; Justice of the Peac, Ronald Fish; Councilman, Sherman Gris- wold; and Councilman, Ray E. Miller. The Resolution having received at least a two-thirds vote of the members of the Town Board, it was declared by the Town Board duly adopted. JOHN J. GARDNER ATTORNEY AT LAW CORTLAND, N. Y.