HomeMy WebLinkAbout2023-01-28 Bond Resolution - Estoppel Notice
TOWN OF CORTLANDVILLE
LEGAL NOTICE
The resolution, a summary of which is published herewith, has been adopted on December 21,
2022, and an abstract thereof has been published and posted as required by law and the period of
time has elapsed for the submission and filing of a petition for a permissive referendum and a
valid petition has not been submitted and filed. The validity of the obligations authorized by
such resolution may be hereafter contested only if such obligations were authorized for an object
or purpose for which the Town of Cortlandville, in the County of Cortland, New York, is not
authorized to expend money or if the provisions of law which should have been complied with as
of the date of publication of this notice were not substantially complied with, and an action, suit
or proceeding contesting such validity is commenced within twenty days after the date of
publication of the notice, or such obligations were authorized in violation of the provisions of the
constitution.
BY ORDER OF THE TOWN BOARD
OF THE TOWN OF CORTLANDVILLE
KRISTIN E. ROCCO-PETRELLA
Town Clerk
BOND RESOLUTION OF THE TOWN OF CORTLANDVILLE,
NEW YORK, ADOPTED JANUARY 5, 2022 AND AMENDED
DECEMBER 21, 2022, AUTHORIZING THE CONSTRUCTION
OF IMPROVEMENTS AT GUTCHESS PARK, STATING THE
ESTIMATED MAXIMUM COST THEREOF IS $2,000,000,
APPROPRIATING SAID AMOUNT FOR SUCH PURPOSE,
AND AUTHORIZING THE ISSUANCE OF BONDS IN THE
PRINCIPAL AMOUNT OF $2,000,000 TO FINANCE SAID
APPROPRIATION
The object or purpose for which the bonds are authorized to be issued is the construction of
improvements at Gutchess Park, consisting of the construction of two baseball fields, the
reconstruction and expansion of an existing parking lot and the construction of a concession
building, at the estimated cost of $2,000,000.
The maximum principal amount of obligations authorized to be issued is $2,000,000.
The period of probable usefulness is fifteen (15) years.
A complete copy of the bond resolution summarized above shall be available for public
inspection during normal business hours at the office of the Town Clerk, at the Town Hall, 3577
Terrace Road, Cortland, New York.