Notice of Estoppel - $110,000 Bonds

LEGAL NOTICE OF ESTOPPEL

The bond resolution, a summary of which is published herewith, has been adopted on April 12, 2017, and 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 Town of Vestal, Broome County, 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 this notice, or such obligations were authorized in violation of the provisions of the Constitution.

A complete copy of the resolution summarized herewith is available for public inspection during regular business hours at the Office of the Town Clerk for a period of twenty days from the date of publication of this Notice.

Vestal, New York,  Dated:  April 19, 2017  Emil Bielecki  Town Clerk

BOND RESOLUTION DATED April 12, 2017.

A RESOLUTION AUTHORIZING THE purchase of a dump truck, FOR THE TOWN OF Vestal, Broome COUNTY, NEW YORK, AT A MAXIMUM ESTIMATED COST OF $195,000, AND AUTHORIZING THE ISSUANCE OF $110,000 BONDS OF SAID TOWN TO PAY part of THE COST THEREOF.

Specific object or purpose:                           Purchase of a dump truck
Period of probable usefulness:                      15 years, limited to 5 years
Maximum estimated cost:                             $195,000 bonds
Amount of obligations to be issued:              $110,000 bonds
Other monies:                                                $85,000 bonds
SEQRA status:                                               Type II Action