Town of Cheektowaga authorized $1,565,000 bond for heavy equipment acquisition.

ERIE COUNTY

PUBLIC NOTICE



TOWN OF CHEEKTOWAGA, NEW YORK
PLEASE TAKE NOTICE that on February 24, 2026, the Town Board of the Town of Cheektowaga, in the County of Erie, New York, adopted a bond resolution entitled:
“Bond Resolution of the Town of Cheektowaga, New York, adopted February 24, 2026, authorizing the issuance of bonds in a principal amount not to exceed $1,565,000 to finance the acquisition of heavy equipment, stating the estimated maximum cost thereof is $1,565,000 and appropriating said amount for such purpose”
an abstract of which bond resolution concisely stating the purpose and effect thereof, being as follows:
FIRST: AUTHORIZING the Town of Cheektowaga, New York to issue bonds in a principal amount not to exceed $1,565,000 pursuant to the Local Finance Law of the State of New York, to finance the acquisition of heavy equipment;
SECOND: STATING that the estimated maximum cost thereof, including preliminary costs and costs incidental thereto and the financing thereof, is $1,565,000; appropriating said amount for such purpose; and STATING that the plan of financing includes the issuance of bonds in a principal amount not to exceed $1,565,000 to finance said appropriation, the levy and collection of taxes on all the taxable real property in the Town to pay the principal of said bonds and the interest thereon as the same shall become due and payable;
THIRD: DETERMINING and STATING the period of probable usefulness applicable to the purpose for which said bonds are authorized to be issued is fifteen (15) years; the proceeds of said bonds and any bond anticipation notes issued in anticipation thereof may be applied to reimburse the Town for expenditures made after the effective date of this bond resolution for the purpose for which said bonds are authorized; and the proposed maturity of said $1,565,000 bonds will exceed five (5) years;
FOURTH: DETERMINING that 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 Town; and PLEDGING to their payment the faith and credit of the Town;
FIFTH: DELEGATING to the Supervisor the powers and duties as to the issuance of said bonds and any bond anticipation notes issued in anticipation of said bonds, or the renewals thereof; and
SIXTH: DETERMINING that the bond resolution is subject to a permissive referendum.
SEVENTH: DETERMINING that the bond resolution is subject to a permissive referendum.
DATED: February 24, 2026
Kimberly A. Burst
Town Clerk