Resolution adopted for $1,900,000 bond issuance for town equipment acquisition.
Official Courthouse Record · AI-summarized for clarity
- Published
- Category
- Ordinance
- City
- Oyster Bay
What You Should Do Next
- 1
Review the Bond Resolution
Visit the Town Clerk's office to inspect the full text of the resolution.
- 2
Consider Contesting Validity
If you wish to contest the resolution, do so within twenty days from publication.
- 3
Contact Town Clerk
For questions, contact Richard LaMarca at the Town Clerk's office.
Frequently Asked Questions
- What is the purpose of the bond resolution?
- The bond resolution authorizes the issuance of bonds to acquire various equipment for town facilities.
- How long is the period of usefulness for the financed equipment?
- The period of probable usefulness for the financed equipment is five years.
- Where can I view the full text of the bond resolution?
- The full text is available for public inspection at the Town Clerk's office during normal business hours.
- What is the deadline to contest the bond resolution?
- You must contest the validity within twenty days after the publication date of this notice.
The above suggestions and answers are AI-generated for informational purposes only. They may contain errors. NoticeRegistry assumes no responsibility for their accuracy. Consult a qualified professional before taking action.
Full Notice Text
Legal Notice # 21927924 LEGAL NOTICE OF ESTOPPEL NOTICE IS HEREBY GIVEN that the resolution, a summary of which is published herewith, has been adopted by the Town Board of the Town of Oyster Bay, Nassau County, New York (the "Town"), on February 24, 2026, 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 said Town 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 summary of the aforesaid resolution is set forth below. The resolution provides as follows: that the faith and credit of the Town are irrevocably pledged for the payment of the principal of and interest on such obligations as the same respectively become due and payable; that an annual appropriation shall be made in each year sufficient to pay the principal of and interest on such obligations becoming due and payable in such year; that the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the bonds authorized by such resolution including renewals of such notes, is delegated to the Supervisor; that all other matters, except as provided in such resolution relating to the bonds authorized, including the date, denominations, maturities and interest payment dates, within the limitations prescribed in such resolution and the manner of the execution of the same and also including the consolidation with other issues, and the authority to issue such obligations on the basis of substantially level or declining annual debt service, is delegated to and shall be determined by the Supervisor; and that this LEGAL NOTICE shall be published. The summary of the resolution follows: BOND RESOLUTION DATED FEBRUARY 24, 2026. A RESOLUTION AUTHORIZING THE ISSUANCE OF $1,900,000 BONDS OF THE TOWN OF OYSTER BAY, NASSAU COUNTY, NEW YORK, TO PAY THE COST OF THE ACQUISITION OF VARIOUS EQUIPMENT FOR USE IN CONNECTION WITH TOWN FACILITIES, INCLUDING, EQUIPMENT USED IN CONSTRUCTION OR MAINTENANCE, TECHNOLOGY EQUIPMENT, AND LIGHTING EQUIPMENT, IN AND FOR SAID TOWN. The period of probable usefulness of the financed class of objects or purposes is five years, pursuant to subdivision eighty-nine of paragraph a of Section 11.00 of the Local Finance Law. THE FULL TEXT OF THIS BOND RESOLUTION IS AVAILABLE FOR PUBLIC INSPECTION AT THE OFFICE OF THE TOWN CLERK LOCATED AT 54 AUDREY AVENUE, OYSTER BAY, NEW YORK, DURING NORMAL BUSINESS HOURS. Dated: Oyster Bay, New York February 24, 2026 Richard LaMarca Town Clerk
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