NOTICE
IS HEREBY GIVEN that the bond resolution published herewith has been adopted for
the Town Board of the Town of Grand Island, in the County of Erie, on June 4,
2007 and the validity of the obligations authorized by such resolution may be
hereafter contested only if:
(1) (a)
such obligations were authorized for an object or purpose for which the
Town of Grand Island is not authorized to expend money or
(b) 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 this notice; or
(2) such
obligations were authorized in violation of the provisions of the Constitution
of New York.
SUMMARY
OF RESOLUTION
The
following is a summary of a bond resolution adopted by the Town Board of the
Town of Grand Island on June 4, 2007. Said
resolution authorizes the issuance and sale of a serial bond or bonds and a bond
anticipation note or notes in anticipation of the issuance and sale
of said serial bonds, in an amount not to exceed $60,000.
The proceeds from the sale of the obligations authorized in said
resolution shall be used for the acquisition of machinery and apparatus,
including related equipment for use by the Town, including but not limited to, a
lawn mower, including preliminary costs and costs incidental thereto.
The period of probable usefulness for said purpose is 15 years; however,
the obligations will be paid off in five years or less. A copy of the resolution summarized herein is available for
public inspection during normal business hours at the Office of the Town Clerk,
located in the Town Hall, Grand Island, New York.
Patricia A.
Frentzel
Town Clerk
Publish:
June 8, 2007