Loan Resolution for Water Facility Improvements

Resolution #6-2012 — 2012-05-17

WHEREAS

• it is necessary for the Village of Red Hook to raise a portion of the cost of such undertaking by issuance of its bonds in the principal amount of $1,242,000.00, pursuant to the provision of the NYS Local Finance Law

RESOLVED

• authorize the incurrence of indebtedness for the purpose of providing a portion of the cost of acquiring, constructing, enlarging, improving, and/or extending its water facility to serve an area lawfully within its jurisdiction