The resolution a summary of which is published herewith has been adopted on January 8, 2018 by the Board of Trustees of the Village of Freeport, Nassau County, New York (the “Village”), 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 Village 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.
Pamela Walsh Boening,
Village Clerk, Village of Freeport
SUMMARY OF BOND RESOLUTION
Set forth below is a summary of said resolution adopted by the Board of Trustees of the Village of Freeport, Nassau County, New York (the “Village”) on January 8, 2018.
- The resolution is entitled “BOND RESOLUTION OF THE BOARD OF TRUSTEES OF THE VILLAGE OF FREEPORT, NASSAU COUNTY, NEW YORK (THE “VILLAGE”), AUTHORIZING THE ACQUISITION OF ONE FIRE FIGHTING VEHICLE WITH RELATED APPARATUS; STATING THE MAXIMUM ESTIMATED COST THEREOF IS $1,105,000; APPROPRIATING SAID AMOUNT THEREFOR; AND AUTHORIZING THE ISSUANCE OF UP TO $1,105,000 IN SERIAL BONDS OF THE VILLAGE TO FINANCE SAID APPROPRIATION”.
- Object or Purpose: the acquisition of one 85’ to 88’ ladder tower aerial platform fire fighting vehicle and related apparatus to be used in connection therewith, including all costs incidental thereto or in connection with the financing thereof.
- Period of Probable Usefulness: 20 years.
- Amount of Debt Obligations Authorized: up to $1,105,000.
A complete copy of the bond resolution summarized above shall be available for public inspection during normal business hours at the office of the Village Clerk, Village of Freeport Village Hall, 46 North Ocean Avenue, Freeport, New York 11520.