NOTICE OF BOND RESOLUTION

TOWN OF GRAND ISLAND

NOTICE IS HEREBY GIVEN that a bond resolution, a summary of which is published herewith, has been adopted by the Town Board of the Town of Grand Island, County of Erie, on May 21, 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 May 21, 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 $870,000.  The improvements, include but are not limited to the replacement of the Overflow Retention Facility (“ORF”) Basin liners at the Wastewater Treatment Plant and the installation of a new wash down system, including the existing liners in both basins, some minor regrading to the west basin, the installation of new liners in both basins and the installation of a wash down system that includes the installation of 6 water cannons, two pumps in the filter building and some new piping to the basins to obtain the pressure and supply required for the water cannons, and some minor modifications to the return line piping, all of the forgoing to include all necessary site work, equipment, apparatus and other improvements and preliminary costs and costs incidental thereto, will be paid for by the issuance of serial bonds in that amount.  The proceeds from the sale of the obligations authorized in said resolution shall be used for the specific purpose of constructing the Increase and Improvement of Facilities of the Consolidated Sewer District.  The period of probable usefulness for said purpose is 40 years.  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, 2255 Baseline Road, Grand Island, New York.