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SUPPLEMENTAL BOND RESOLUTION DATED JUNE 3, 2020 - A RESOLUTION AMENDING AND SUPPLEMENTING BOND RESOLUTION NO. 84 DATED DECEMBER 11, 2018, AS AMENDED BY AN AMENDMENT TO BOND RESOLUTION NO. 60 DATED JUNE 18, 2019, AUTHORIZING A BRIDGE REPLACEMENT ON STONY BROOK ROAD AT AN ESTIMATED INCREASED MAXIMUM COST OF $468,200, AND DELEGATING CERTAIN POWERS IN CONNECTION THEREWITH TO THE TOWN SUPERVISOR

↑Meetings/Resolutions/21-2020
One-time (complete)formal_resolutionone_timeAmends and supplements prior bond resolutions to increase the authorized maximum project cost for the Stony Brook Road bridge replacement from $325,000 to $468,200.
First seen
2020-06-03
Latest event
2020-06-03
adopted
Expires
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Resolution text

RESOLVED

  1. Section 1 of the 2018 Bond Resolution is hereby amended and supplemented to read as follows: SECTION 1. The specific purpose (hereinafter referred to as "purpose") to be financed pursuant to this resolution is a bridge replacement on Stony Brook Road, including surveys, engineering and other preliminary and incidental costs. The increased estimated maximum cost of said purpose is $468,200 and said amount is hereby appropriated therefor. It is hereby determined that said purpose is an object or purpose described in subdivision 10 of paragraph a of Section 11.00 of the Local Finance Law, and that the period of probable usefulness of said purpose is twenty years.
  2. It is hereby determined that the aforesaid purpose constitutes a Type II action as defined under the State Environmental Quality Review Regulations, 6 NYCRR Part 617, which has been determined under SEQR not to have a significant impact on the environment.
  3. The Town plans to pay such increase in the authorized maximum cost from other available funds and not from the proceeds of serial bonds.
  4. This resolution shall take effect immediately.
Show preamble — 4 WHEREAS clauses
  • WHEREAS, the Town Board of the Town of Red Hook (the "Town") has previously adopted its Bond Resolution No. 84 dated December 11, 2018 entitled "BOND RESOLUTION DATED DECEMBER 11, 2018; A RESOLUTION AUTHORIZING A BRIDGE REPLACEMENT ON STONY BROOK ROAD AT AN ESTIMATED MAXIMUM COST OF $225,000, THE ISSUANCE OF SERIAL BONDS OF THE TOWN OF RED HOOK, DUTCHESS COUNTY, NEW YORK IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $200,000 PURSUANT TO THE LOCAL FINANCE LAW TO FINANCE A PORTION OF THE COST THEREOF, AND DELEGATING CERTAIN POWERS IN CONNECTION THEREWITH TO THE TOWN SUPERVISOR" (the "2018 Bond Resolution"), authorizing the issuance of serial bonds for a bridge replacement on Stony Brook Road
  • WHEREAS, the Town has previously issued $193,158, a portion of its $1,835,000 Public Improvement (Serial) Bonds, Series 2019 dated June 13, 2019, pursuant to the 2018 Bond Resolution
  • WHEREAS, the 2018 Bond Resolution was amended by Resolution No. 60 dated June 18, 2019 to increase the authorized maximum project cost to $325,000
  • WHEREAS, based on updated estimated costs of the project, it is further necessary to increase the total maximum cost of such project by $143,200 to an increased estimated maximum cost of $468,200

Lifecycle (1 event)

2020-06-03adoptedvote: unanimous
Amend and supplement Bond Resolution No. 84 and Resolution No. 60 to authorize a supplemental bond for the Stony Brook Road bridge replacement project with an increased estimated maximum cost of $468,200.
moved by Hamel · seconded by Kane
Show text snapshot for this event
Resolved
  1. Section 1 of the 2018 Bond Resolution is hereby amended and supplemented to read as follows: SECTION 1. The specific purpose (hereinafter referred to as "purpose") to be financed pursuant to this resolution is a bridge replacement on Stony Brook Road, including surveys, engineering and other preliminary and incidental costs. The increased estimated maximum cost of said purpose is $468,200 and said amount is hereby appropriated therefor. It is hereby determined that said purpose is an object or purpose described in subdivision 10 of paragraph a of Section 11.00 of the Local Finance Law, and that the period of probable usefulness of said purpose is twenty years.
  2. It is hereby determined that the aforesaid purpose constitutes a Type II action as defined under the State Environmental Quality Review Regulations, 6 NYCRR Part 617, which has been determined under SEQR not to have a significant impact on the environment.
  3. The Town plans to pay such increase in the authorized maximum cost from other available funds and not from the proceeds of serial bonds.
  4. This resolution shall take effect immediately.
Whereas
  • WHEREAS, the Town Board of the Town of Red Hook (the "Town") has previously adopted its Bond Resolution No. 84 dated December 11, 2018 entitled "BOND RESOLUTION DATED DECEMBER 11, 2018; A RESOLUTION AUTHORIZING A BRIDGE REPLACEMENT ON STONY BROOK ROAD AT AN ESTIMATED MAXIMUM COST OF $225,000, THE ISSUANCE OF SERIAL BONDS OF THE TOWN OF RED HOOK, DUTCHESS COUNTY, NEW YORK IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $200,000 PURSUANT TO THE LOCAL FINANCE LAW TO FINANCE A PORTION OF THE COST THEREOF, AND DELEGATING CERTAIN POWERS IN CONNECTION THEREWITH TO THE TOWN SUPERVISOR" (the "2018 Bond Resolution"), authorizing the issuance of serial bonds for a bridge replacement on Stony Brook Road
  • WHEREAS, the Town has previously issued $193,158, a portion of its $1,835,000 Public Improvement (Serial) Bonds, Series 2019 dated June 13, 2019, pursuant to the 2018 Bond Resolution
  • WHEREAS, the 2018 Bond Resolution was amended by Resolution No. 60 dated June 18, 2019 to increase the authorized maximum project cost to $325,000
  • WHEREAS, based on updated estimated costs of the project, it is further necessary to increase the total maximum cost of such project by $143,200 to an increased estimated maximum cost of $468,200

Supersedes

84-201860-2019
Subject key: stony_brook_road_bridge_replacement