Village authorized to purchase an ambulance costing $360,000 through bond issuance.

Public Notice 



VILLAGE OF ANGOLA

NOTICE IS GIVEN, that the Board of Trustees ( the “Board”) of the Village of Angola, Erie County, New York (the “Village”), at a regular meeting held on March 9, 2026, duly adopted, subject to a permissive referendum, a resolution, an abstract of which is as follows:

In accordance with the New York State Village Law, such resolution will take effect thirty days after the date of its adoption, unless prior to the close of such thirty (30) day period there is filed with the Village Clerk a petition, subscribed and acknowledged by at least twenty percent (20%) qualified electors of the Village, as shown on the Village’s register of electors for the last general Village election, protesting against such resolution and requesting that it be submitted for approval or disapproval by the qualified electors of the Village. If such a qualifying petition is filed, a proposition for approval of the resolution shall be submitted at a special election held not less than fifteen (15) and not more than sixty (60) days after the filing of such petition.

Such resolution was entitled:

BOND RESOLUTION OF THE BOARD OF TRUSTEES OF THE VILLAGE OF ANGOLA, ERIE COUNTY, NEW YORK (THE “VILLAGE”), AUTHORIZING THE PURCHASE OF AN AMBULANCE FOR USE BY THE VILLAGE; STATING THE MAXIMUM ESTIMATED COST THEREOF IS $360,000; APPROPRIATING SAID AMOUNT THEREFOR; AND AUTHORIZING THE ISSUANCE OF UP TO $360,000 IN SERIAL BONDS OF THE VILLAGE TO FINANCE SAID APPROPRIATION

an abstract of such bond resolution, concisely stating the purpose and effect thereof, being as follows:

1. The resolution authorized the Village to undertake the purchase of an ambulance for use by the Village, including any preliminary and incidental costs related thereto (the “Project”), and to issue up to $360,000 principal amount of serial bonds (including, without limitation, statutory installment bonds) pursuant to the provisions of the Local Finance Law, constituting Chapter 33-a of the Consolidated Laws of the State of New York (the “Law”) to finance the estimated cost of the Project, or bond anticipation notes in anticipation of the such bonds.

2. It was determined that the maximum estimated cost of the aforementioned class of object or purpose is $360,000, said amount was appropriated therefor and the plan for the financing thereof shall consist of (i) the issuance of up to $360,000 in serial bonds of the Village, or bond anticipation notes issued in anticipation of such serial bonds and (ii) unless paid from other sources, the levy and collection of taxes on all the taxable real property in the Village to pay the principal of said bonds or bond anticipation notes and the interest thereon as the same shall become due and payable.

3. It was determined that the period of probable usefulness for the aforementioned specific object or purpose is ten (10) years, pursuant to subdivision 27-a. of paragraph a. of Section 11.00 of the Law.

4. The final maturity of the bonds authorized to be issued pursuant to the resolution shall be in excess of five (5) years measured from the date of issuance of the first serial bond or bond anticipation note issued.

5. The temporary use of available funds of the Village, not immediately required for the purpose or purposes for which the same were borrowed, raised or otherwise created, is authorized pursuant to Section 165.10 of the Law, for the capital purposes described in the resolution. The Village shall reimburse such expenditures with the proceeds of the bonds or bond anticipation notes authorized by the resolution. The resolution shall constitute a declaration of official intent to reimburse the expenditures authorized herein with the proceeds of the bonds and bond anticipation notes authorized herein, as required by United States Treasury Regulations Section 1.150-2.

6. Said bonds and any bond anticipation notes issued in anticipation of said bonds and the renewals of said bond anticipation notes shall be general obligations of the Village; and the Village has pledged their faith and credit to the payment of the principal of and interest of said bonds. The faith and credit of the Village are irrevocably pledged to the punctual payment of the principal and interest on said serial bonds and bond anticipation notes and provisions shall be made annually in the budget of the Village by appropriation for (a) the amortization and redemption of the bonds and bond anticipation notes to mature in such year and (b) the payment of interest to be due and payable in such year.

7. The Board delegated to the Village Treasurer, as chief fiscal officer of the Village, the powers and duties relating to the authorization and issuance of said bonds, and any bond anticipation notes issued in anticipation of said bonds, or the renewals thereof, the determination of the terms, form and contents thereof and the execution of all applications, agreements and instruments necessary to effect the issuance of said bonds or bond anticipation notes; and

8. The Village Treasurer was further authorized to take such actions and execute such documents as may be necessary to ensure the continued status of the interest on the bonds authorized by the resolution and any notes issued in anticipation thereof, as excludable from gross income for federal income tax purposes pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”) and to designate the bonds authorized by this resolution and any notes issued in anticipation thereof, if applicable, as “qualified tax-exempt bonds” in accordance with Section 265(b)(3)(B)(i) of the Code.

9. The Village Treasurer was further authorized to enter into a continuing disclosure undertaking with or for the benefit of the initial purchasers of the bonds or notes authorized by the resolution in compliance with the provisions of Rule 15c2-12, promulgated by the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934.

10. The Board of Trustees determined that the Project constitutes a “Type II” action within the meaning of the State Environmental Quality Review Act and the regulations of the New York State Department of Environmental Conservation thereunder (collectively, “SEQRA”), and that no further action under SEQRA with respect to the Project need be taken by the Board of Trustees as a condition precedent to the adoption of the resolution.

11. The bond resolution was determined to be subject to permissive referendum.

BY ORDER OF THE BOARD OF TRUSTEES OF THE VILLAGE OF ANGOLA, ERIE COUNTY, NEW YORK.

Dated: March 9, 2026



 Mar 11, 2026