Better Babylon Party

Estoppel Bond Resolution - Fire Truck

TO BE PUBLISHED IN THE August 3rd, 2017 ISSUE OF THE BEACON

PUBLIC NOTICE

VILLAGE OF BABYLON

BABYLON, NEW YORK

The resolution, a summary of which is published herewith, has been adopted on the 27th day of June, 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 Village of Babylon, 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.

Patricia C. Carley
Village Clerk

BOND RESOLUTION OF THE VILLAGE OF BABYLON, NEW YORK, ADOPTED JUNE 27, 2017, AUTHORIZING THE ACQUISITION OF A FIRE TRUCK, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $500,000, APPROPRIATING SAID AMOUNT FOR SUCH PURPOSE, AND AUTHORIZING THE ISSUANCE OF BONDS IN THE PRINCIPAL AMOUNT OF NOT TO EXCEED $500,000 TO FINANCE SAID APPROPRIATION

The object or purpose for which the bonds are authorized is to acquire a fire truck, at the estimated maximum cost of $500,000.

The period of usefulness is twenty (20) years.

The maximum amount of obligations authorized to be issued is $500,000.

A complete copy of the Bond Resolution summarized above shall be available for public inspection during normal business hours at the Village Hall, 153 West Main Street, Babylon, New York.

DATED:  June 27, 2017

Babylon, New York

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