Referred to: The Ways and Means Committee (Chairman Gerentine and Legislators
Allen, Bartels, Belfiglio, Briggs, Maio, and Maloney)
Chairman of the Public Works and Capital Projects Committee, Dean J. Fabiano, and
Deputy Chairman Peter M. Loughran offer the following:
WHEREAS, by Resolution No. 545 dated and duly adopted on the date
hereof, the County Legislature of the County of Ulster, New York has established
Capital Project No. 488 for the installation of shoulders along Route 299; and
WHEREAS, said capital project, 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 as such will not have a significant adverse impact on the
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
Section 1. The installation of shoulders along Route 299, in the Towns of New
Paltz and Gardiner, in and for the County of Ulster, New York, including incidental
improvements and expenses in connection therewith, is hereby authorized at a
maximum estimated cost of $487,000.00.
Section 2. It is hereby determined that the plan for the financing of the aforesaid
maximum estimated cost is by the issuance of $487,000.00 of serial bonds of the
County hereby authorized to be issued therefor pursuant to the provisions of the
Local Finance Law; provided, however, that to the extent that any Federal or State
grants-in-aid are received for such specific object or purpose, the ultimate amount of
bonds to be issued pursuant to this resolution shall be reduced dollar for dollar.
Section 3. It is hereby determined that the period of probable usefulness of the
aforesaid specific object or purpose is fifteen years, pursuant to subdivision 20(c) of
paragraph a of Section 11.00 of the Local Finance Law.
Section 4. The faith and credit of said County of Ulster, New York, are hereby
irrevocable pledged for the payment of the principal of and interest on such bonds as
the same respectively become due and payable. An annual appropriation shall be
made in each year sufficient to pay the principal of and interest on such bonds
becoming due and payable in such year. There shall annually be levied on all the
taxable real property of said County, a tax sufficient to pay the principal of and
interest on such bonds as the same become due and payable.
Section 5. Subject to the provisions of the Local Finance Law, the power to
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 Loughran)
Passed Committee: Ways and Means on December 20, 2016
$487,000.00 – COUNTY DOLLARS SERIAL BONDS
$389,600.00 – REIMBURSABLE FROM FEDERAL FUNDS
$ 38,440.00 – REIMBURSABLE NYS MARCHISELLI FUNDS
$ 58,960.00 – REMAINING COUNTY BALANCE: SERIAL BONDS
STATE OF NEW YORK
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 20th Day of December in the year Two Thousand
and Sixteen, 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 21st Day of
December in the year Two Thousand and Sixteen.
|s| Victoria A. Fabella
Victoria A. Fabella, Clerk
Ulster County Legislature
Submitted to the County Executive this Approved by the County Executive this
22nd Day of December, 2016. 28th Day of December, 2016.
|s| Victoria A. Fabella |s| Michael P. Hein
Victoria A. Fabella, Clerk Michael P. Hein, County Executive
Ulster County Legislature
Current Text: PDF
Updated: January 29, 2019
Votes on this Resolutionyes no abstained no vote
Committee Vote to Adopt Resolution No. 546
Vote to Adopt Resolution No. 546