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

Briggs, Allen, Bartels, Belfiglio, Maio and Maloney)

Chairman of The Special Committee to Oversee the Ulster County Family Court

Relocation, Herbert Litts, III, and Chairman of the Ways and Means Committee,

Richard A. Gerentine, offer the following:

WHEREAS, by Resolution No. 394 dated and duly adopted on the date

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

Capital Project No. 494 for the renovation of the Business Resource Center to

accommodate Family Court for the Department of Public Works (Buildings and

Grounds 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 renovation of the Business Resource Center to accommodate

Family Court, in and for the County of Ulster, New York, including original

furnishings, equipment, machinery, appurtenances, apparatus, and incidental

improvements and expenses in connection therewith, is hereby authorized at a

maximum estimated cost of $9,246,410.00

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

maximum estimated cost is as follows:

a. By the issuance of the $1,260,000.00 bonds of said County authorized to be

issued pursuant to a bond resolution dated and duly adopted January 10, 2017; and

a. By the issuance of the $22,500.00 bonds of said County authorized to be

issued pursuant to a bond resolution dated and duly adopted June 20, 2017; and

c. By the issuance of the additional $7,963,910.00 bonds of said 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 twenty-five years, pursuant to subdivision

12(a)(1) of paragraph a of Section 11.00 of the Local Finance Law, calculated from

the date of issuance of the first obligations issued for the aforesaid specific object or

purpose, no previous obligations having been heretofore issued. It is hereby further

determined that the period of probable usefulness of preliminary planning, design and

related expenses heretofore authorized by prior bond resolutions dated January 10,

2017 (Bond Resolution No. 6 for $1,260,000.00) and dated June 20, 2017 (Bond

Resolution No. 263 for $22,500.00) adopted for Capital Project No. 494 are hereby

determined to be twenty-five years pursuant to said subdivision 12(a)(1) and said

bond resolutions are hereby amended accordingly. The maximum estimated cost of

the specific object or purpose herein authorized, including said preliminary expenses,

is now determined to be $9,246,410.00 as provided herein.

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

authorize the issuance of and to sell bond anticipation notes in anticipation of the

issuance and sale of the bonds herein authorized, including renewals of such notes, is

hereby delegated to the Commissioner of Finance, the chief fiscal officer. Such notes

shall be of such terms, form and contents, and shall be sold in such manner, as may

be prescribed by said Commissioner of Finance, consistent with the provisions of the

Local Finance Law.

Section 6. All other matters except as provided herein relating to the serial bonds

herein authorized including the date, denominations, maturities and interest payment

dates, within the limitations prescribed herein and the manner of execution of the

same, including the consolidation with other issues, and also the ability to issue serial

bonds with substantially level or declining annual debt service, shall be determined

by the Commissioner of Finance, the chief fiscal officer of such County. Such bonds

shall contain substantially the recital of validity clause provided for in Section 52.00 

of the Local Finance Law, and shall otherwise be in such form and contain such

recitals, in addition to those required by Section 51.00 of the Local Finance Law, as

the Commissioner of Finance shall determine consistent with the provisions of the

Local Finance Law.

Section 7. The validity of such bonds and bond anticipation notes may be

contested only if:

1) Such obligations are authorized for an object or purpose for which said

County is not authorized to expend money, or

2) The provisions of law which should be complied with at the date of

publication of this resolution are not substantially complied with,

and an action, suit or proceeding contesting such validity is commenced within

twenty days after the date of such publication, or

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: 17 NOES: 1

(Noes: Legislator Greene)

(Absent: Legislators Delaune, Donaldson, Lopez,

Loughran, and R. Parete) 

Passed Committee: Ways and Means on October 23, 2017

FINANCIAL IMPACT:

$7,963,910.00 – CAPITAL PROJECT NO. 494 APPROPRIATIONS

$7,963,910.00 – 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 23rd Day of October 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 October

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 October, 2017. 24th Day of October, 2017.

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

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

Ulster County Legislature