LEGAL NOTICE
The resolution, a summary of which is published herewith, has been adopted on June 22, 2017, and an abstract thereof has been published and posted as required by law and the period of time has elapsed for the submission and filing of a petition for a permissive referendum and a valid petition has not been submitted and filed. 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 date of publication of the notice, or such obligations were authorized in violation of the provisions of the constitution.
BOND RESOLUTION OF THE TOWN OF SMITHTOWN, NEW YORK, ADOPTED JUNE 22, 2017, AUTHORIZING THE ACQUISITION OF HEAVY EQUIPMENT FOR USE BY THE TOWN, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $2,299,990, APPROPRIATING SAID AMOUNT FOR SUCH PURPOSE, AND AUTHORIZING THE ISSUANCE OF BONDS IN THE PRINCIPAL AMOUNT OF $2,299,990 TO FINANCE SAID APPROPRIATION
The objects or purposes for which the bond are authorized, the estimated maximum cost and the periods of probable usefulness for each object or purpose, are as follows.
|
A
|
B
|
C
|
|
Project Description
(object or purpose)
|
Estimated Maximum Cost
|
Period of Probable Usefulness
|
|
Replacement tractor trailer
|
152,250
|
15
|
|
Track paver
|
213,150
|
15
|
|
Tractor trailer
|
76,125
|
15
|
|
Tub grinder
|
659,750
|
15
|
|
Wheel loader
|
248,675
|
15
|
|
Skid steer
|
91,350
|
15
|
|
Compact track loader
|
60,900
|
15
|
|
Heavy duty trucks
|
507,500
|
15
|
|
Terra Clean turf field attachment
|
16,240
|
10
|
|
Office scale trailer
|
45,675
|
15
|
|
Yard scale
|
86,275
|
15
|
|
Parks Wheel Loader
|
142,100
|
15
|
The maximum amount of obligations authorized to be issued is $2,299,990.
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, Town Hall, 99 West Main Street, Smithtown, New York.
DATED: July 24, 2017
BY ORDER OF THE TOWN BOARD
OF THE TOWN OF SMITHTOWN
VINCENT PULEO
TOWN CLERK