Referred to: The Ways and Means Committee (Chairman Gerentine and Legislators
Archer, Bartels, Lopez, Maio, James Maloney, Joseph Maloney, and Petit)
Chairman of the Legislative Programs, Education and Community Services
Committee, David B. Donaldson, Deputy Chair Heidi Haynes, and Legislators
Archer, Bartels, Collins, Delaune, Eckert, Greene, Heppner, Joseph Maloney, Nolan,
Petit, and Rodriguez offer the following:
WHEREAS, by Resolution No. 468 dated and duly adopted on the date
hereof, the County Legislature of the County of Ulster, New York has established
Capital Project No. 528 to include the planning expenses with regard to
improvements at the Veterans Cemetery for the Veterans Services Agency; and
WHEREAS, said capital project, as proposed, has been determined to be a
Type II Action which as such it has been determined will not result in any 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
Section 1. Preliminary planning and design costs for a service shelter and other
improvements at the Veterans Cemetery, in and for the County of Ulster, New York,
including incidental expenses in connection therewith, is hereby authorized at a
maximum estimated cost of $110,000.00.
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 $110,000.00 of serial
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 five years, pursuant to subdivision 62 (2nd) 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 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
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
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
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: 20 NOES: 0
(Absent: Legislators Bartels, Collins, and Eckert)
Passed Committee: Ways and Means on November 20, 2018
$110,000.00 – CAPITAL PROJECT NO. 528 APPROPRIATION DOLLARS
$110,000.00 – SERIAL BOND PROCEEDS
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 November 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
21st Day of November, 2018. 29th Day of November, 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 5, 2019
Votes on this Resolutionyes no abstained no vote
Committee Vote to Adopt Resolution No. 469
Vote to Adopt Resolution No. 469