Public Notice

NOTICE OF ADOPTION OF BOND RESOLUTION

SUBJECT TO A PERMISSIVE REFERENDUM

At a regular meeting held on the 9th day of April, 2024, the Town Board of the Town of Oswego, New York duly adopted a resolution, an abstract of which follows, which resolution is subject to a permissive referendum pursuant to Section 35.00 of the Local Finance Law of the State of New York.  If after thirty days of the resolution’s adoption by the Town Board, no petition objecting to the resolution and requesting approval by the voters is filed with the Town Clerk of the Town of Oswego, the resolution will be declared duly adopted.

ABSTRACT OF BOND RESOLUTION DATED APRIL 9, 2024

       The following is a summary of a resolution adopted by the Town Board of the Town of Oswego on April 9, 2024.  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 bond or bonds, in an amount not to exceed $530,000.  The proceeds from the sale of the obligations authorized in said resolution shall be used for the object or purpose of acquiring two (2) Western Star dump trucks with snow plow packages and equipment incidental thereto and the payment of the costs of issuance of the bonds and bond anticipation notes issued to finance such acquisition. The estimated maximum cost of said object or purpose is $653,630, and the period of probable usefulness thereof is fifteen (15) years.  The Bonds have a proposed maturity of more than five years to be measured from the date of the Bonds or from the date of the first bond anticipation note issued in anticipation of the sale of such Bonds, whichever  date  is  the  earlier.

Dated: April 9, 2024

Town Clerk

Town of Oswego

Oswego County, New York

 

The full Text of the Resolution can be found in the Meeting Minutes.