2026_06_10_Special_Meeting.pdf

June 10, 2026 Town of Erin Special Meeting of the Erin Town Board Supervisor Schmidt called the Special Meeting of the Erin Town Board to order on this date at 5:30 PM. She then called the roll because the Clerk was not present. MEMBERS PRESENT: William VanRiper, Jr., Ryan Buzzetti, Alan Hughson, Michael Shutts, Dawn Schmidt. AGENDA FOR THE TOWN OF ERIN SPECIAL MEETING JUNE 10, 2026; 1. A RESOLUTION AUTHOR IZING THE PURCHASE O F A DUMP TRUCK, FOR THE TOWN OF ERIN, CHEMUN G COUNTY, NEW YORK, AT A MAXIM UM ESTIMATED COST OF $230,000, AN D AUTHORIZING THE EX PENDITURE OF $115,00 0 AVAILABLE MONIES AND THE ISSUANCE OF $115,000 BONDS OF SAID TOWN TO PAY THE COST THEREOF. RESOLUTION 27-2026 BOND RESOLUTION DATED JUNE 10, 2026. A RESOLUTION AUTHORI ZING THE PURCHA SE OF A DUMP TRUCK, FOR THE TOWN OF ERIN, CHEMUNG COUNTY, NEW YORK, AT A MAXIMUM ESTIMATED COST OF $230,000, AND AUTHORIZING THE EXPENDITURE OF $115, 000 AVAILABLE MONIES AND THE ISSUANCE OF $115,000 BONDS OF SAID TOWN TO PAY THE COST THEREOF. Resolution By: W. VanRiper, Jr. Seconded By: R. Buzzetti WHEREAS, all conditions precedent to the financing of the capital project hereunder described, including compliance with the provisions of the State Environmental Quality Review Act, have been performed; and WHEREAS, the capital project hereinafter described, as proposed, has been determined to be a Type II Action pursuant to the regulations of the New York State Department of Environmental Conservation promulgated pursuant to the State Environmental Quality Revi ew Act, which regulations state that Type II Actions will not have any significant adverse impact on the environment; and WHEREAS, it is now desired to authorize the financing of such capital project, NOW, THEREFORE, BE IT RESOLVED, by the Town Board of the Town of Erin, Chemung County, New York, as follows: Section 1. The purchase of a dump truck, for the Town of Erin, Chemung County, New York, including incidental equipment and expenses in connection therewith, is hereby authorized at a maximum estimated cost of $230,000. Section 2. The plan for the financing of the aforesaid maximum estimated cost is as follows: a) by the issuance of $115,000 serial bonds of said Town, hereby authorized to be issued therefor pursuant to the provisions of the Local Finance Law; and b) by the expenditure of $115,000 available monies of the Town hereby appropriated therefor. Section 3. It is hereby determined that the period of probable usefulness of the aforesaid specific object or purpose is fifteen years, pursuant to subdivision 28 of paragraph a of Section 11.00 of the Local Finance Law. It is hereby further determined that the maximum maturity of the serial bonds herein authorized will not exceed five years. Section 4. The faith and credit of said Town of Erin, Chemung County, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such bonds becoming due and payable in such year. There shall annually be levied on all the taxable real property in said Town, a tax sufficient to pay the principal of and interest on such bonds as the same become due and payable. Section 5. Subject to the provisions of the Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the bonds herein authorized, including renewals o f such notes, is hereby delegated to the Supervisor of said Town, the chief fiscal officer. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said Supervisor, consistent with the provisions of the Local Finance Law. Section 6. All other matters except as provided herein relating to the bonds herein authorized including the date, denominations, maturities and interest payment dates, within the limitations prescribed herein and the manner of execution of the same, including the consolidation with other issues, and also the ability to issue bonds with substantially level or declining annual debt service, shall be determined by the Supervisor, the chief fiscal officer of such Town. Such bonds shall contain substantially the recital of validity clause provided for in Section 52.00 of the Local Finance Law, and shall otherwise be in such form and contain such recitals, in addition to those required by Section 51.00 of the Local Finance Law, as the Supe rvisor shall determine consistent with the provisions of the Local Finance Law. Section 7. The validity of such bonds and bond anticipation notes may be contested only if: 1) Such obligations are authorized for an object or purpose for which said Town is not authorized to expend money, or 2) The provisions of law which should be complied with at the date of publication of this resolution are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twent y days after the date of such publication, or 3) Such obligations are authorized in violation of the provisions of the Constitution. Section 8. This resolution shall constitute a statement of official intent for purposes of Treasury Regulations Section 1.150-2. Other than as specified in this resolution, no monies are, or are reasonably expected to be, reserved, allocated on a long -term basis, or otherwise set aside with respect to the permanent funding of the object or purpose described herein. Section 9. This resolution, which takes effect immediately, shall be published in summary form in the official newspaper of said Town for such purpose, together with a notice of the Town Clerk in substantially the form provided in Section 81.00 of the Local Finance Law. The question of the adoption of the foregoing resolution was duly put to a vote on roll call, which resulted as follows: William VanRiper, Jr.___________________ VOTING: Aye____ Ryan Buzzetti_________________________ VOTING: Aye_____ Alan Hughson _________________________VOTING: Aye_____ Michael Shutts ________________________ VOTING: Aye_____ Dawn Schmidt_________________________ VOTING: Aye_____ The resolution was thereupon declared duly adopted. With no comments from the public Supervisor Schmidt closed this portion of the meeting. A motion was made by W. VanRiper, Jr. and seconded by R. Buzzetti to adjourn the meeting at 5:45 PM. Motion Carried: Ayes: W. VanRiper, Jr., R. Buzzetti, A. Hughson, M. Shutts, D. Schmidt. Nays: None.