Resolution subject to Permissive Referendum

NOTICE OF AMENDING BOND RESOLUTION SUBJECT TO PERMISSIVE REFERENDUM

 

The resolution, a summary of which is published herewith, was adopted on September 3, 2019 and is subject to permissive referendum in accordance with the Town Law.

SUMMARY OF AMENDING BOND RESOLUTION SUBJECT TO PERMISSIVE REFERENDUM

On October 16, 2015 the Town Board of the Town of Van Buren (the “Town”) duly adopted a Bond Resolution (the “2015 Bond Resolution”) that authorized the Town to undertake and finance a certain capital improvement project (the “Project”). An Amending Bond Resolution was adopted by the Town Board on July 3, 2018 that increased the maximum estimated cost of the Project from $2,000,000 to $2,250,000 and amended the plan of finance to issue serial bonds in the aggregate principal amount not to exceed $2,250,000, subject to available State aid or to any other revenues available for such purpose from any other source.  An additional Amending Bond Resolution was adopted by the Town Board on September 3, 2019 that increased the maximum estimated cost of the Project from $2,250,000 to $2,325,000 and amended the plan of finance to issue serial bonds in the aggregate principal amount not to exceed $2,325,000, subject to available State aid or to any other revenues available for such purpose from any other source.  Bonds and bond anticipation notes of the Town, including renewals thereof, are authorized to be issued pursuant to the provisions of the Local Finance Law of the State of New York, in a principal amount not to exceed $2,325,000. Except as modified by the July 2, 2018 Amending Bond Resolution and the September 3, 2019 Amending Bond Resolution, the 2015 Bond Resolution remains in full force and effect.  The 2015 Bonds Resolution, the July 2, 2018 Amending Bond Resolution and the September 3, 2019 Amending Bond Resolution shall all be kept available for public inspection in the Town Offices during regular business hours following this publication.

Lynn Precourt

Town Clerk

Dated: 9/4/19