NOTICE OF BOND RESOLUTION SUBJECT TO PERMISSIVE REFERENDUM
The resolution, a summary of which is published herewith, was adopted on April 13, 2022 and is subject to permissive referendum in accordance with Section 90 of the Town Law.
SUMMARY OF BOND RESOLUTION SUBJECT TO PERMISSIVE REFERENDUM
A Resolution adopted by the Town Board of the Town of Enfield, Tompkins County, New York (the “Town”) on April 13, 2022 authorizes the Town to construct a new salt storage facility at a maximum estimated cost of $750,000, including all costs incidental to such work (the “Project”), and to pay for such Project by using DEC grant funding of $350,000, if available and to the extent necessary, the levy of a tax in an amount not to exceed $750,000, which shall be levied and collected in annual installments in such years and in such amounts as may be determined by the Town Board and that in anticipation of the collection of such tax, bonds and notes of the Town are authorized to be issued at one time, or from time to time, in the principal amount not to exceed $750,000 and a tax is authorized to pay the interest on said obligations when due. Under the Local Finance Law, the Salt storage facility has a period of probable usefulness of fifteen (15) years.
BY ORDER OF THE TOWN BOARD
Mary Cornell, Enfield Town Clerk