This resolution, a summary of which is published herewith, has been adopted on February 2, 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 East Hampton, 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 publication of this Notice, or such obligations were authorized in violation of the provisions of the constitution.
CAROLE A. BRENNAN
BOND RESOLUTION OF THE TOWN OF EAST HAMPTON, SUFFOLK COUNTY, NEW YORK, ADOPTED FEBRUARY 2, 2017, AUTHORIZING THE PREPARATION OF SURVEYS, PRELIMINARY PLANS AND DETAILED PLANS, SPECIFICATIONS AND ESTIMATES FOR FUTURE CAPITAL IMPROVEMENTS AT THE EAST HAMPTON AIRPORT, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $700,000, APPROPRIATING $200,000 IN ADDITION TO THE $500,000 HERETOFORE APPROPRIATED FOR SUCH PURPOSE; AND AUTHORIZING THE ISSUANCE OF BONDS OF THE TOWN IN THE PRINCIPAL AMOUNT OF NOT TO EXCEED $200,000, IN ADDITION TO THE BONDS IN THE PRINCIPAL AMOUNT OF $500,000 HERETOFORE AUTHORIZED FOR SAID PURPOSE, TO FINANCE SAID ADDITIONAL APPROPRIATION
The object or purpose for which bonds are authorized is the preparation of surveys, preliminary plans and detailed plans, specifications and estimates for future capital improvements at the East Hampton Airport.
The amount of obligations to be issued is not to exceed $200,000, in addition to the $500,000 heretofore authorized for said object or purpose.
The period of probable usefulness is five (5) years.
A complete copy of the Bond Resolution summarized above shall be available for public inspection during normal business hours at the office of the Town Clerk, Town Hall, 159 Pantigo Road, East Hampton, New York.
Dated: February 2, 2017
East Hampton, New York