VILLAGE OF FLORIDA, NEW YORK
PLEASE TAKE NOTICE that on January 15, 2025, the Board of Trustees of the Village of Florida, in the County of Orange, New York, adopted a resolution amending the bond resolution adopted by said Board of Trustees on September 9, 2019, which bond resolution, as amended, is entitled
“Bond Resolution of the Village of Florida, New York, adopted September 9, 2019 and amended January 15, 2025, authorizing the issuance of bonds in a principal amount not to exceed $8,054,215 to finance the construction of improvements to the Village water treatment plant and distribution system, stating the estimated maximum cost thereof is $8,054,215 and appropriating said amount for such purpose,”
an abstract of such bond resolution, concisely stating the purpose and effect thereof, being as follows:
FIRST: AUTHORIZING the Village of Florida, New York to issue bonds in a principal amount not to exceed $8,054,215 pursuant to the Local Finance Law of the State of New York, to finance the construction of improvements to the Village water treatment plant and distribution system, substantially as described in the engineer’s report dated September 2021 and revised November 2021 prepared by Pitingaro & Doetsch Consulting Engineers, P.C.;
SECOND: STATING that the estimated maximum cost thereof, including preliminary costs and costs incidental thereto and the financing thereof, is $8,054,215; appropriating said amount for such purpose; and STATING the plan of financing includes the issuance of bonds in the principal amount of not to exceed $8,054,215 to finance said appropriation; STATING that water charges have been imposed in the Village and it is expected that such charges shall continue to be imposed and collected by the Village and the amounts derived therefrom shall be budgeted and used to the pay principal of and interest on the bonds, and any notes issued in anticipation thereof, as the same shall become due and payable; and STATING that it is expected that grant funds may be received in relation to the project, and any such funds received or to be received are hereby authorized to be applied toward the cost of said project or redemption of the Village’s bonds or notes issued therefor, or to be budgeted as an offset to the taxes to be collected for the payment of the principal of and interest on said bonds or notes;
THIRD: DETERMINING and STATING the period of probable usefulness applicable to the purpose for which said bonds are authorized to be issued is forty (40) years; the proceeds of said bonds and any bond anticipation notes issued in anticipation thereof may be applied to reimburse the Village for expenditures made after the effective date of this bond resolution for the purpose for which said bonds are authorized; and the proposed maturity of said bonds will exceed five (5) years;
FOURTH: DETERMINING that said bonds and any bond anticipation notes issued in anticipation of said bonds and the renewals of said bond anticipation notes shall be general obligations of the Village; and PLEDGING to their payment the faith and credit of the Village;
FIFTH: DELEGATING to the Village Treasurer the powers and duties as to the issuance of said bonds, and any bond anticipation notes issued in anticipation of said bonds, or the renewals thereof; and
SIXTH: STATING the conditions under which the validity of the bonds or any notes issued in anticipation thereof may be contested; and
SEVENTH: DETERMINING that the bond resolution is subject to a permissive referendum.
DATED: January 15, 2025 Colleen Wierzbicki
Village Clerk
