The resolution, a summary of which is published herewith, has been adopted on July 22, 2019, 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 Village of Freeport, in the County of Nassau, 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.
Pamela Walsh Boening
BOND RESOLUTION OF THE VILLAGE OF FREEPORT, NEW YORK, ADOPTED JULY 22, 2019, AUTHORIZING THE CONSTRUCTION OF SEWER SYSTEM IMPROVEMENTS, INCLUDING THE REPLACEMENT AND/OR RELINING OF SANITARY SEWER LINES, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $390,000, APPROPRIATING SAID AMOUNT FOR SUCH PURPOSE, AND AUTHORIZING THE ISSUANCE OF BONDS IN THE PRINCIPAL AMOUNT OF $390,000 TO FINANCE SAID APPROPRIATION
The object or purpose for which the bonds are authorized is the construction of sewer system improvements, including the replacement and/or relining of sanitary sewer lines, at the estimated maximum cost of $390,000.
The period of usefulness is forty (40) years.
The maximum amount of obligations authorized to be issued is $390,000.
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, at the Village Hall, 46 North Ocean Avenue, Freeport, New York.
Dated: July 22, 2019
Freeport, New York