Village adopts bond resolution for financing judgments against it.
Official Courthouse Record · AI-summarized for clarity
- Published
- Category
- Ordinance
- City
- Valley Stream
What You Should Do Next
- 1
Review the bond resolution
Understand the implications of the bond resolution adopted on March 2, 2026.
- 2
File a petition if needed
If you oppose the resolution, file a petition with the Village Clerk by April 1, 2026.
- 3
Contest validity if necessary
If contesting the bond's validity, ensure to do so within 20 days of publication.
Frequently Asked Questions
- What is the bond resolution about?
- It authorizes financing for judgments or settled claims against the Village.
- How long do I have to contest the bond validity?
- You have 20 days from publication to contest the bond's validity.
- Where can I file a petition against the resolution?
- Petitions can be filed with the Village Clerk within 30 days of adoption.
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 # 21928379 PUBLIC NOTICE NOTICE IS HEREBY GIVEN that the Board of Trustees of the Village of Valley Stream (the "Village"), situated in the County of Nassau, in the State of New York, has adopted, on March 2, 2026, pursuant to the Local Finance Law of New York, a bond resolution which: (1) authorizes the Board of Trustees of the Village to finance the costs of judgements or compromised or settled claims against the Village, and authorizes the issuance of up to $201,877.73 aggregate principal amount of serial bonds to finance such purpose; and (2) states the estimated maximum total costs of judgements or compromised or settled claims against the Village be not in excess of $201,877.73, states that such costs will be financed with the issuance of obligations authorized in the bond resolution and sets forth the plan of financing of such cost of the purpose; and (3) determines the period of probable usefulness to be five (5) years; and (4) determines that the maximum maturity of such serial bonds will be in excess of five (5) years; and (5) delegates the Village Treasurer the power to prescribe the terms, form and contents of such serial bonds and to authorize the issuance of, and to prescribe the terms, form and contents of any bond anticipation notes issued in anticipation of the issuance of such serial bonds or renewals thereof, and to issue, sell and deliver such serial bonds and such bond anticipation notes; and (6) states that the validity of such serial bonds or any of such bond anticipation notes issued in anticipation of the issuance of such serial bonds may be contested only if: (a) such obligations are authorized for an object or purpose for which the Village is not authorized to expend money, or (b) the provisions of law which should be complied with, and an action, suit or proceeding contesting such validity is commenced within twenty (20) days after the date of such publication, or (c) if such obligations are authorized in violation of the provisions of the Constitution of New York. Such resolution is subject to a permissive referendum under the provisions of Article 9 of the Village Law and petitions protesting such resolution and requesting that it be submitted to the electors of the Village of Valley Stream for their approval or disapproval, may be filed with the Village Clerk at any time within thirty (30) days after the date of the adoption of such resolution. By order of the Board of Trustees of the Village of Valley Stream, New York. Dated: March 5, 2026 JAMES J. HUNTER Village Clerk Village of Valley Stream, New York
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