12. Resolution No. 436

Authorizing The Issuance Of An Additional $65,000.00 Bonds Of The County Of Ulster, New York, To Pay Part Of The Cost Of The Reconstruction Of Leggs Mill Bridge, 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

Allen, Belfiglio, Briggs, Gregorius, Maio, Maloney and R. Parete)

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. 62, dated and duly adopted on February 17,

2015, the County Legislature of the County of Ulster, New York has established

Capital Project Nos. 444 and 445 for the reconstruction of the Alligerville Bridge and

Leggs Mill Bridge for the Department of Public Works (Highways and Bridges

Division); and

WHEREAS, said capital project, 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 impact on the environment; and

WHEREAS, by a bond resolution dated February 17, 2015, duly adopted on

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

issuance of $1,125,000 bonds of said County to pay the cost of the reconstruction of

the Alligerville Bridge on Alligerville Road, over Rondout Creek in the Town of

Rochester (Capital Project No. 444) and the Leggs Mill Bridge on Leggs Mill Road,

over the Esopus Creek in the Town of Ulster (Capital Project No. 445), including

incidental improvements and expenses in connection therewith, in and for said

County of Ulster, New York; and

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

such class of objects or purposes is $1,190,000, an increase of $65,000 over that

previously authorized; and

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

$65,000 bonds of said County for such class of objects or purposes, being, in

particular, for the Leggs Mill Bridge on Leggs Mill Road; 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 object or purpose of paying additional costs of the

reconstruction of the Leggs Mill Bridge on Leggs Mill Road, over the Esopus Creek

in the Town of Ulster (Capital Project No. 445), including incidental improvements 

 

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

there are hereby authorized to be issued an additional $65,000 bonds of the County of

Ulster, New York, pursuant to the provisions of the Local Finance Law.

Section 2. It is hereby determined that the maximum estimated cost of such class

of objects or purposes is now determined to be $1,190,000, and that the plan for the

financing thereof is as follows:

a. By the issuance of the $1,125,000 bonds of said County authorized to be

issued pursuant to a bond resolution dated and duly adopted February 17, 2015 as

described in the preambles hereof; and

b. By the issuance of the additional $65,000 bonds of said County authorized to

be issued pursuant to this bond resolution.

Section 3. It is hereby determined that the period of probable usefulness of the

aforesaid class of objects or purposes is twenty years, pursuant to subdivision 10 of

paragraph a of Section 11.00 of the Local Finance Law, calculated from the date of

issuance of the first serial bonds/bond anticipation notes for said class of objects or

purposes. It is hereby further determined that the maximum maturity of the serial

bonds herein author

 

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 moves its adoption.

ADOPTED BY THE FOLLOWING VOTE:

AYES: 22 NOES: 0

(Absent: Legislator Ronk)

 

 

Passed Committee: Ways and Means on November 17, 2015

FINANCIAL IMPACT:

$65,000.00 – ADDITIONAL CAPITAL FUND APPROPRIATIONS

$65,000.00 – ADDITIONAL SERIAL BONDS-COUNTY

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 17th Day of November in the year Two Thousand

and Fifteen, 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 19th Day of

November in the year Two Thousand and Fifteen.

|s| Victoria A. Fabella

Victoria A. Fabella, Clerk

Ulster County Legislature

Submitted to the County Executive this Approved by the County Executive this

19th Day of November, 2015. 24

th Day of November, 2015.

|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: October 9, 2020