Resolution No. 26

Authorizing Preliminary Engineering And Design For The Sawkill School Bridge In The Town Of Ulster, In And For The County Of Ulster, New York, At A Maximum Estimated Cost Of $134,217.00, And Authorizing The Issuance Of $134,217.00 Bonds Of Said County To Pay The Cost Thereof

Resolution Information

Status: 
Adopted

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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. 25 dated and duly adopted on the date hereof,

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

Project No. 264 for certain engineering and design expenses with regard to the

Sawkill School Bridge over the Sawkill Creek in the Town of Ulster for the

Department of Public Works (Highways and Bridges); 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 such regulations provide will not have a significant 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

follows:

Section 1. Preliminary engineering and design for the Sawkill School Bridge over

the Sawkill Creek in the Town of Ulster, in and for the County of Ulster, New York,

including incidental expenses in connection therewith, is hereby authorized at a

maximum estimated cost of $134,217.00.

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 $134,217.00 of serial

bonds of the County hereby authorized to be issued therefor pursuant to the

provisions of the Local Finance Law; provided, however, that to the extent that any

Federal or State grants-in-aid are received for such specific object or purpose, the

ultimate amount of bonds to be issued pursuant to this resolution shall be reduced

dollar for dollar.

 

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

aforesaid specific object or purpose is ten years, pursuant to subdivision 10 of

paragraph a of Section 11.00 of the Local Finance Law, based upon the simultaneous

adoption of a resolution of even date herewith for the cost of said improvement.

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 

 

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: 22 NOES: 0

(1 Abstention: Legislator Litts)

Passed Committee: Ways and Means on January 26, 2016

FINANCIAL IMPACT:

$134,217.00 – 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 

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Updated: January 24, 2019