Bond resolution adopted for financing equipment for the Town's Highway Department.
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- Published
- Category
- Ordinance
- City
- Niagara Falls
What to do next
- 1
Review the Bond Resolution
Visit the Town Clerk's Office to inspect the bond resolution during business hours.
- 2
Contest Validity if Necessary
If contesting, file an action within 20 days of this notice's publication date.
- 3
Contact Town Clerk
For questions, reach out to the Town Clerk's Office at the provided address.
Frequently asked questions
- What is the bond resolution about?
- It finances the acquisition of equipment for the Town's Highway Department.
- How long is the bond's probable usefulness?
- The probable usefulness period is 15 years.
- Where can I view the bond resolution?
- It is available for public inspection at the Town Clerk's Office during business hours.
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Full Notice Text
NOTICE OF BOND RESOLUTION TOWN OF NIAGARA NOTICE IS HEREBY GIVEN that a bond resolution, a summary of which is published herewith, has been adopted by the Town Board of the Town of Niagara, Niagara County, New York (the “Town”), on March 17, 2026 and the validity of the obligations authorized by such resolution may be hereafter contested only if: 1. (a) such obligations were authorized for an object or purpose for which the Town is not authorized to expend money, or (b) the provisions of the law which should be 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 20 days after the date of such publication of this notice, or 2.such obligations were authorized in violation of the provisions of the Constitution of New York. SUMMARY OF bond RESOLUTION The following is a summary of a bond resolution adopted by the Town Board of the Town of Niagara on March 17, 2026. The proceeds from the sale of the obligations authorized in such bond resolution will be used for the purpose of financing the acquisition of equipment, machinery and apparatus for use by the Town (Highway Department), including, but not limited to, plow trucks, including all necessary equipment, apparatus and warranties and all preliminary costs and costs incidental thereto and in connection with the financing thereof (collectively, the “Purpose”), at an estimated maximum amount of $698,000. Such bond resolution authorizes the issuance and sale of a serial bond or bonds and a bond anticipation note or notes in anticipation of the issuance and sale of such serial bonds, in an aggregate principal amount not to exceed $698,000 such amount to be offset by any federal, state, county and/or local funds received. Such bond resolution was adopted subject to permissive referendum, and such permissive referendum period has elapsed without the filing of a petition. The period of probable usefulness for such purpose is 15 years. A copy of the bond resolution summarized herein is available for public inspection during normal business hours at the Office of the Town Clerk, located in the Town Hall, 7105 Lockport Road, Niagara Falls, New York. N#361891 4/28/2026