Town of Peru authorizes bonds for drinking water facilities construction and improvements.

NOTICE OF BOND RESOLUTION The resolution, a summary of which is published herewith, was adopted on February 23, 2026. 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 Peru, Clinton County, 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 date of publication of this notice, or such obligations were authorized in violation of the provisions of the constitution. Christine Crawford, Town Clerk SUMMARY OF BOND RESOLUTION A Resolution adopted by the Town Board of the Town of Peru, Clinton County, New York (the "Town") on February 23, 2026 authorizes the issuance of bonds and other obligations to finance the cost of a project (the "Project") consisting of the construction, improvement or reconstruction of drinking water facilities in and for the Town, including the construction of a 0.25MG elevated clearwell, a new 40' x 50' building to house new treatment works, new sludge handling structures in the existing sludge lagoons on the existing treatment plant site located at 223 Reservoir Road, the development of a groundwater supply on lands owned by the Town adjacent to the water treatment plant, the installation of approximately 600LF of 8" ductile iron pipe to connect the wells to the treatment plant and the acquisition and installation of control and water treatment equipment at the Town's reservoir treatment building located at 364 Reservoir Road, all of the foregoing to include site improvements, original furnishings, equipment, machinery, apparatus incidental thereto at a maximum estimated cost of $9,400,000, including all professional costs, and to expend a total maximum estimated sum of $9,400,000 which is estimated to be the total maximum cost thereof and to pay for such Project by first applying any available grant funding and, for the balance of the Project costs, by the levy of a tax in an amount not to exceed $9,400,000, 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 $9,400,000 and a tax is authorized to pay the interest on said obligations when due. Under the Local Finance Law, the Project has a period of probable usefulness of forty (40) years. Such resolution shall be kept available for public inspection in the Town Clerk's Office during regular business hours for twenty days following this publication.