Town Board approved $4 million bond for road reconstruction and resurfacing.

TOWN OF NEW WINDSOR

PUBLIC NOTICE





TOWN OF NEW WINDSOR, NEW YORK

PLEASE TAKE NOTICE that on March 4, 2026, the Town Board of the Town of New Windsor, in the County of Orange, New York, adopted a bond resolution entitled:

“Bond Resolution of the Town of New Windsor, New York, adopted March 4, 2026, authorizing the issuance of bonds in a principal amount not to exceed $4,000,000 to finance the reconstruction and/or resurfacing of various roads in the Town, stating the estimated maximum cost thereof is $4,000,000 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 New Windsor, New York to issue bonds in a principal amount not to exceed $4,000,000 pursuant to the Local Finance Law of the State of New York, to finance the reconstruction and/or resurfacing of various roads in the Town, including, incidental curbing, drainage and related or ancillary work;

SECOND: STATING that the estimated maximum cost thereof, including preliminary costs and costs incidental thereto and the financing thereof, is $4,000,000; 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 $4,000,000 to finance said appropriation, and 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 that the period of probable usefulness applicable to the object or 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 purposes for which said bonds are authorized; and the proposed maturity of said 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: STATING the conditions under which the validity of the bonds and any notes issued in anticipation thereof may be contested; and

SEVENTH: DETERMINING that the bond resolution is subject to a permissive referendum.

DATED: March 4, 2026

Patricia A. Clarino

Town Clerk