Resolution No. 49

Authorizing The Replacement Of Furniture At The Ulster County Community College Campus At SUNY Ulster Stone Ridge, In And For The County Of Ulster, New York, At A Maximum Estimated Cost Of $150,000.00, And Authorizing The Issuance Of $150,000.00 Bonds Of Said County To Pay The Cost Thereof

Resolution Information

Status: 
Adopted

RESOLUTION TEXT +-

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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 Legislative Programs, Education and Community Services

Committee, Mary Wawro, and Deputy Chairman David B. Donaldson offer the

following:

WHEREAS, by Resolution No. 48 dated and duly adopted on the date hereof,

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

Project No. 465 for the replacement of furniture at the Ulster County Community

College campus at SUNY Ulster Stone Ridge; 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, 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. The replacement of furniture at the Ulster County Community College

campus at SUNY Ulster Stone Ridge, including incidental expenses in connection

therewith, in and for the County of Ulster, New York, is hereby authorized at a

maximum estimated cost of $150,000.00.

Section 2

 

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

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:

$150,000.00 – COUNTY DOLLARS – SERIAL BONDS (50% Reimbursable from

New York State Dormitory Authority)

 

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 28, 2019