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The original item was published from 1/27/2016 1:56:51 PM to 2/18/2016 12:00:02 AM.

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Public Hearing Notices & Public Notices

Posted on: January 27, 2016

[ARCHIVED] TOWN NOTICE PURSUANT TO LOCAL FINANCE LAW SECTION 81.00

LEGAL NOTICE PURSUANT TO
LOCAL FINANCE LAW SECTION 81.00

The bond resolution published herewith was adopted on January 25, 2016, and the validity of the obligations authorized by such bond resolution may be hereafter contested only if such obligations were authorized for an object or purpose for which the Town of Victor is not authorized to expend money or if the provisions of law which should have been complied with as of the date of publication of this notice were not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty (20) days after the date of publication of this notice, or such obligations were authorized in violation of the provisions of the Constitution.

Debra J. Denz
Town Clerk
Town of Victor

BOND RESOLUTION DATED JANUARY 25, 2016 OF THE TOWN BOARD OF THE TOWN OF VICTOR, NEW YORK, AUTHORIZING GENERAL OBLIGATION SERIAL BONDS TO FINANCE THE ACQUISITION OF EQUIPMENT, AUTHORIZING THE ISSUANCE OF BOND ANTICIPATION NOTES IN CONTEMPLATION THEREOF, THE EXPENDITURE OF SUMS FOR SUCH PURPOSE, AND DETERMINING OTHER MATTERS IN CONNECTION THEREWITH.

Object or Purpose: the acquisition of various equipment, vehicles, machinery and apparatus, all at an estimated maximum aggregate cost of $775,000.

Period of Probable Usefulness and
Maximum Permissible Term of Any Borrowing: five (5) years.

Amount of Debt Obligations Authorized: up to $775,000

A complete copy of the bond resolution summarized above shall be available for public inspection during normal business hours at the office of the Town Clerk of the Town of Victor, New York.

Dated: January 26, 2016
Victor, New York

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