Resolution No. 393

Authorizing The Issuance Of An Additional $315,000.00 Bonds Of The County Of Ulster, New York, To Pay Part Of The Cost Of Preliminary Engineering And Design For The Fire Training Center, In And For Said County

Resolution Information

Status: 
Adopted

RESOLUTION TEXT +-

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

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

Chairman Kenneth J. Ronk, Jr. offers the following:

WHEREAS, by Resolution No. 392 dated and duly adopted on October 16,

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

Capital Project No. 483 for certain engineering and design expenses with regard to

the Fire Training Center for the Department of Public Works; and

WHEREAS, said capital project, as proposed, has been determined to be an

Unlisted Action pursuant to the regulations of the New York State Department of

Environmental Conservation promulgated pursuant to the State Environmental

Quality Review Act, which it has been determined will not have any significant

adverse impact on the environment; and

WHEREAS, by a bond resolution dated August 16, 2016, duly adopted on

said date, the County Legislature of the County of Ulster, New York, authorized the

issuance of $152,000.00 bonds of said County to pay the preliminary engineering and

design for the Fire Training Center, including incidental expenses in connection

therewith, in and for said County, and

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

such specific object or purpose is $467,000.00, an increase of $315,000.00 over that

previously authorized; and

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

$315,000.00 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

follows:

Section 1. For the specific object or purpose of paying additional costs of the

preliminary engineering and design for the Fire Training Center, including incidental

expenses in connection therewith, in and for said County of Ulster, New York, there

are hereby authorized to be issued an additional $315,000.00 bonds of the County of

Ulster, New York, pursuant to 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

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

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.

ADOPTED BY THE FOLLOWING VOTE:

AYES: 22 NOES: 0

(Absent: Legislator Roberts) 

 

Passed Committee: Ways and Means on October 16, 2018

FINANCIAL IMPACT:

$315,000.00 – COUNTY CAPITAL FUND APPROPRIATIONS

$315,000.00 – COUNTY REVENUE – 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 16th Day of October 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 17th Day of October

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

17th Day of October, 2018. 23rd Day of October, 2018.

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

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

Ulster County Legislature

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Updated: February 4, 2019