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. 127 dated and duly adopted on the date hereof,

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

Project No. 501 for the New Paltz Road and South Chodikee Lake Road intersection

improvement for the Department of Public Works (Highways and Bridges Division);

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 adverse 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. The realignment and reconstruction of the intersection at New Paltz

Road and South Chodikee Lake Road, in the Town of Lloyd, 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 $320,000.00.

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

maximum estimated cost is by the issuance of not exceeding $320,000.00 of bonds of

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

Local Finance Law.

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.

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 1.140 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: 23 NOES: 0

Passed Committee: Ways and Means on March 22, 2017

FINANCIAL IMPACT:

$320,000.00 – CAPITAL PROJECT NO. 501 APPROPRIATION DOLLARS

$320,000.00 – SERIAL BOND PROCEEDS 

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 22nd Day of March in the year Two Thousand and

Seventeen, 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 24th Day of March

in the year Two Thousand and Seventeen.

|s| Victoria A. Fabella

Victoria A. Fabella, Clerk

Ulster County Legislature

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

24th Day of March, 2017. 30th Day of March, 2017.

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

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

Ulster County Legislature