Resolution Information
RESOLUTION TEXT +-
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. 209, dated and duly adopted on June 17, 2014
and by Resolution No. 27 dated and duly adopted on the date hereof, the County
Legislature of the County of Ulster, New York has established and amended Capital
Project No. 414 for the reconstruction of the New Paltz pool for the Department of
Public Works (Buildings and Grounds); 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 effect on the environment; and
WHEREAS, by said bond resolution dated June 17, 2014, the County
Legislature of the County of Ulster, New York, authorized the issuance of
$500,000.00 bonds of said County to pay the cost of the reconstruction of the New
Paltz pool, in and for said County, including incidental improvements and expenses
in connection therewith; and
WHEREAS, it has now been determined that the maximum estimated cost of
such specific object or purpose is now $1,188,000.00, an increase of $688,000.00
over that previously authorized; and
WHEREAS, it is now desired to authorize such additional 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 reconstruction of the New Paltz pool, including incidental
improvements and expenses in connection therewith, in and for the County of Ulster,
New York, is hereby authorized at a revised maximum estimated cost of
$1,188,000.00.
Section 2. The plan of financing for such specific object or purpose is as
follows:
a) by the issuance of $500,000.00 bonds of said County heretofore authorized to
be issued therefor pursuant to a bond resolution dated June 17, 2014; and
b) by the issuance of the additional $688,000.00 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 fifteen years, pursuant to subdivision 61 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
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 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 January 26, 2016
FINANCIAL IMPACT:
$688,000.00 – SERIAL BONDS – ULSTER COUNTY FUNDS
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 26th Day of January in the year Two Thousand and
Sixteen, 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 29th Day of January
in the year Two Thousand and Sixteen.
|s| Victoria A. Fabella
Victoria A. Fabella, Clerk
Ulster County Legislature
Submitted to the County Executive this Approved by the County Executive this
29th Day of January, 2016. 5
th Day of February, 2016.
|s| Victoria A. Fabella |s| Michael P. Hein
Victoria A. Fabella, Clerk Michael P. Hein, County Executive
Ulster County Legislature
Current Text: PDF
Updated: October 27, 2020
Votes on this Resolution
yes no abstained no voteCommittee Vote to Adopt Resolution No. 28
Vote to Adopt Resolution No. 28
Committee Vote to Adopt Resolution No. 28