The resolution, a summary of which is published herewith, has been adopted on February 22, 2018 and the validity of the obligations authorized by such resolution may be hereafter contested only if such obligations were authorized for an object or purpose for which the Town of Smithtown, in the County of Suffolk, New York, 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 days after the publication of this Notice, or such obligations were authorized in violation of the provisions of the constitution.
BOND RESOLUTION OF THE TOWN OF SMITHTOWN, NEW YORK, ADOPTED FEBRUARY 22, 2018, AUTHORIZING THE CONSTRUCTION OF VARIOUS IMPROVEMENTS IN THE ST. JAMES BUSINESS DISTRICT, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $304,500, APPROPRIATING SAID AMOUNT FOR SUCH PURPOSE, AND AUTHORIZING THE ISSUANCE OF BONDS IN THE PRINCIPAL AMOUNT OF $304,500 TO FINANCE SAID APPROPRIATION
The object or purpose for which the bonds are authorized is the construction of various improvements in the St. James Business District at the estimated maximum cost of $304,500.
The maximum amount of obligations authorized to be issued is $304,500.
The period of probable usefulness of the bonds is five (5) years.
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, at the Town Hall, 99 West Main Street, Smithtown, New York.
Dated: February 22, 2018
BY ORDER OF THE TOWN BOARD
OF THE TOWN OF SMITHTOWN