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 September 21, 2009 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 September 21, 2009.
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 $225,000.
The improvements include, but are not limited to, the replacement of the
pressure swing absorption (PSA) system at the wastewater treatment plant, all of
the forgoing to include all necessary site work, equipment, apparatus and other
improvements and costs incidental thereto.
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.
Patricia A. Frentzel
Town Clerk
Publish & Post: September 25, 2009