Referred to: The Ways and Means Committee (Chairman Gerentine and Legislators

Allen, Belfiglio, Briggs, Gregorius, Maio, Maloney, and Richard Parete)

Legislators Mary Beth Maio, Hector Rodriguez and Ken Wishnick offer the

following:

WHEREAS, by Resolution No. 139 dated and duly adopted on the date

hereof, the County Legislature of the County of Ulster, New York has established

Capital Project No. 451 for the County’s share of the Hudson Valley Rail Trail West

(Phase IV) project for the Department of Planning; and

WHEREAS, the capital project hereinafter described, as proposed, has been

determined to be a Type II Action pursuant to the regulations of the New York State

Department of Environmental Conservation promulgated pursuant to the State

Environmental Quality Review Act, which regulations state that Type II Actions will

not have a significant effect on the environment; and

WHEREAS, it is now desired to authorize the financing of such capital

project; now, therefore be it

RESOLVED, by the affirmative vote of not less than two-thirds of the total

voting strength of the County Legislature of the County of Ulster, New York, as

follows:

Section 1. Design and right-of-way incidental work relating to the Hudson Valley

Rail Trail West (Phase IV) project, including incidental expenses in connection

therewith, in and for the County of Ulster, New York, is hereby authorized at a

maximum estimated cost of $175,000.00.

Section 2. It is hereby determined that the plan for the financing of the aforesaid

maximum estimated cost is by the issuance of $175,000.00 of bonds of the County

hereby authorized to be issued therefor pursuant to the provisions of the Local

Finance Law; provided that the amount of bonds to be issued be reduced by any

Federal grants-in-aid received, presently estimated at $140,000.00.

Section 3. It is hereby determined that the period of probable usefulness of the

aforesaid specific object or purpose is five years, pursuant to subdivision 62(2nd) of

paragraph a of Section 11.00 of the Local Finance Law.

- Page 2 -

Resolution No. 140 April 21, 2015

Authorizing The Design And Other Preliminary Costs Relating To

The Hudson Valley Rail Trail West: Phase IV Project, In And For

The County Of Ulster, New York, At A Maximum Estimated Cost Of

$175,000.00, And Authorizing The Issuance Of $175,000.00 Bonds

Of Sa

3) Such obligations are authorized in violation of the provisions of the

Constitution.

Section 8. This resolution shall constitute a statement of official intent for

purposes of Treasury Regulations Section 1.150 2. 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 9. This resolution, which takes effect immediately, shall be published in

summary form in the official newspaper(s) of such County, together with a notice of

the Clerk of the County Legislature in substantially the form provided in Section

81.00 of the Local Finance Law,

and move its adoption.

ADOPTED BY THE FOLLOWING VOTE:

AYES: 22 NOES: 0

(Absent: Legislator Wishnick)

Passed Committee: Ways and Means on April 21, 2015

FINANCIAL IMPACT:

$175,000.00 – CAPITAL APPROPRIATIONS- 80% REIMBURSABLE

($140,000.00- BUDGETED FEDERAL REVENUE DOLLARS,

$35,000.00 SERIAL BONDS)

STATE OF NEW YORK

 ss:

COUNTY OF ULSTER

I, the undersigned Clerk of the Legislature of the County of Ulster, hereby certify that the foregoing resolution is

the original resolution adopted by the Ulster County Legislature on the 21st Day of April in the year Two Thousand and

Fifteen, and said resolution shall remain on file in the office of said clerk.

IN WITNESS WHEREOF, I have hereunto set my hand and seal of the County of Ulster this 23rd Day of April in

the year Two Thousand and Fifteen.

|s| Victoria A. Fabella

Victoria A. Fabella, Clerk

Ulster County Legislature

Submitted to the County Executive this Approved by the County Executive this

23rd Day of April, 2015. 28

th Day of April, 2015.

|s| Victoria A. Fabella |s| Michael P. Hein

Victoria A. Fabella, Clerk Michael P. Hein, County Executive

Ulster County Legislature