Resolution No. 373

Authorizing The Issuance Of An Additional $10,000.00 Bonds Of The County Of Ulster, New York, To Pay Part Of The Engineering Costs (Phase II) For The Reconstruction Of Horsenden Road, In And For Said County

Resolution Information




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

Archer, Bartels, Lopez, Maio, James Maloney, Joseph Maloney, and Petit)

Chairman of the Public Works and Capital Projects Committee, Dean J. Fabiano,

offers the following:

WHEREAS, by Resolution No. 372 dated and duly adopted on September 20,

2018, the County Legislature of the County of Ulster, New York has amended

Capital Project No. 507 for the engineering costs (Phase II) for the reconstruction of

Horsenden Road for the Department of Public Works (Highways and Bridges

Division); and

WHEREAS, the status of said capital project, as proposed, pursuant to the

regulations of the New York State Department of Environmental Conservation

promulgated pursuant to the State Environmental Quality Review Act, has been

determined as described in said Resolution No. 372 to be a “Type II Action” and to

not have any significant adverse impact on the environment; and

WHEREAS, by bond resolutions dated July 18, 2017 and June 19, 2018, duly

adopted on said dates, the County Legislature of the County of Ulster, New York,

authorized the issuance of an aggregate $93,000.00 bonds of said County to pay the

engineering costs (Phase II) for the reconstruction of Horsenden Road, in the Town

of New Paltz, in and for said County, including incidental expenses in connection

therewith; and

WHEREAS, it has now been determined that the maximum estimated cost of

such specific object or purpose is $103,000.00, an increase of $10,000.00 over that

previously authorized; and

WHEREAS, it is now desired to authorize the issuance of an additional

$10,000.00 bonds of said County for such specific object or purpose; 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. For the specific object or purpose of paying additional costs of the



Section 5. 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 6. 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 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


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

full in the official newspapers 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.


AYES: 21 NOES: 0

(Legislator Roberts left at 9:38 PM)

(Absent: Legislator Fabiano)

Passed Committee: Ways and Means on September 20, 2018









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 September in the year Two Thousand

and Eighteen, 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

September in the year Two Thousand and Eighteen.

|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 September, 2018. 1st Day of October, 2018.

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

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

Ulster County Legislature

Current Text: PDF



Updated: February 4, 2019