Resolution dated April 11, 2016, authorizing the issuance of a note for $71,765.30 in the form of a commercial line of credit pursuant to the Local Finance Law, for the purpose of the purchase of anew 2016 RAM truck
Whereas; the Village of Red Hook purchased from Robert Green Truck Inc. a 2016 RAM Dump truck; for the sole purpose of highway use.
Whereas; Salisbury Bank has a line of credit and offers that to the Village of Red Hook at an interest rate of 1.35 %
Whereas; the power to prescribe the terms, forms and contents of such note is hereby delegated to Edward Blundell, Mayor of the Village of Red Hook. The Mayor of the Village of Red Hook is hereby directed to sign any note and ancillary documents issued pursuant to this resolution, and the Village Clerk Cynthia Chiarella is hereby directed to attest said signature and to affix to such notes the corporate seal of the Village of Red Hook.
The Village Board has indemnified 20152016 fiscal year line items that will be compiled as surplus and utilized to reduce the borrowing after the initial funds are disbursed.
DM Kovalchik made a motion to approve resolution 72016. Trustee Norris seconded this motion. All were in favor.
- DM Kovalchik made a motion to authorize the 1999 Ford dump be decommissioned and declared surplus to the Absolute Auction. Trustee Trapp seconded. All were in favor. All lights etc. have been removed.
GENERAL BUSINESS
Public Hearing for the 20162017 budget will remain open and continue to April 21[st]
George Beekman stated he is not in favor of renewing the contract with Panda.
Trustee Zacharzuk made a motion to pay bills after audit. Trustee Norris seconded the motion. All were in favor.
DM Kovalchik made a motion to adjourn the meeting at 8:35. Trustee Norris seconded the motion. All were in favor.
Submitted by
Cynthia Chiarella