LEGAL NOTICE
OF ESTOPPEL
NOTICE IS HEREBY GIVEN that the resolutions, summaries of which are published herewith, have been adopted by the Town Board of the Town of Southampton, Suffolk County, New York, on Dec-ember 8, 2020, and the validity of the obligations authorized by such resolutions may be hereafter contested only if such obligations were authorized for an object or purpose for which said Town is not authorized to expend money, or if the provisions of law which should have been 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 twenty days after the date of publication of this notice, or such obligations were authorized in violation of the provisions of the Constitution. Such resolutions were subject to a permissive referendum and the period of time has elapsed for the submission and filing of a petition for a permissive referendum and a valid petition has not been submitted and filed.
A summary of the aforesaid resolutions is set forth below. The resolutions provide as follows: that the faith and credit of the Town of Southampton, Suffolk County, New York (the “Town”), are irrevocably pledged for the payment of the principal of and interest on such obligations as the same respectively become due and payable; that an annual appropriation shall be made in each year sufficient to pay the principal of and interest on such obligations becoming due and payable in such year; that the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the bonds authorized by such resolutions including renewals of such notes, is delegated to the Town Supervisor; that all other matters, except as provided in such resolutions relating to the bonds authorized, including the date, denominations, maturities and interest payment dates, within the limitations prescribed in such resolutions and the manner of the execution of the same and also including the consolidation with other issues, and the authority to issue such obligations on the basis of substantially level or declining annual debt service, is delegated to and shall be determined by the Town Supervisor; and that this LEGAL NOTICE shall be published.
Summaries of the bond resolutions are as follows:
1. BOND RESOLUTION DATED DECEMBER 8, 2020.
A RESOLUTION AUTHORIZING THE ISSUANCE OF AN ADDITIONAL $350,000 BONDS OF THE TOWN OF SOUTHAMPTON, SUFFOLK COUNTY, NEW YORK, TO PAY THE COST OF CONSTRUCTION OF A NEW HEATED GARAGE AND STORAGE FACILITY FOR THE POLICE DEPARTMENT, IN AND FOR SAID TOWN.
The period of probable usefulness of the aforesaid specific object or purpose is 30 years pursuant to subdivision 12 of paragraph a of Section 11.00 of the Local Finance Law, as the garage will be a class “A” building.
2. BOND RESOLUTION DATED DECEMBER 8, 2020.
A RESOLUTION AUTHORIZING THE ISSUANCE OF $200,000 BONDS OF THE TOWN OF SOUTHAMPTON, SUFFOLK COUNTY, NEW YORK, TO PAY THE COST OF RECONSTRUCTION OF VARIOUS DOCKS, IN AND FOR SAID TOWN.
The period of probable usefulness of the aforesaid class of objects or purposes is 20 years pursuant to subdivision 7 of paragraph a of Section 11.00 of the Local Finance Law.
3. BOND RESOLUTION DATED DECEMBER 8, 2020.
A RESOLUTION AUTHORIZING THE ISSUANCE OF $750,000 BONDS OF THE TOWN OF SOUTHAMPTON, SUFFOLK COUNTY, NEW YORK, TO PAY THE COST OF IMPROVEMENTS TO SHINNECOCK COMMERCIAL DOCK AND DOCK FACILITIES, INCLUDING DREDGING AND RECONSTRUCTION OF BULKHEADS, IN AND FOR SAID TOWN.
The period of probable usefulness of the aforesaid specific object or purpose is 20 years pursuant to subdivision 92 of paragraph a of Section 11.00 of the Local Finance Law, as said purpose consists of items which have a period of probable usefulness of at least 20 years under one or more subdivisions subdivision 7 and 22.
4. BOND RESOLUTION DATED DECEMBER 8, 2020.
A RESOLUTION AUTHORIZING THE ISSUANCE OF $110,000 BONDS OF THE TOWN OF SOUTHAMPTON, SUFFOLK COUNTY, NEW YORK, TO PAY THE COST OF IMPROVEMENTS TO THE SHINNECOCK CANAL MARITIME PARK, INCLUDING PARKING AREA EXPANSION, COMFORT STATION, GAZEBO AND OTHER AMENITIES, IN AND FOR SAID TOWN.
The period of probable usefulness of the aforesaid specific object or purpose is 10 years pursuant to subdivision 90 of paragraph a of Section 11.00 of the Local Finance Law, as said purpose consists of items which have a period of probable usefulness of at least 10 years under one or more subdivisions 19 or 20.
5. BOND RESOLUTION DATED DECEMBER 8, 2020.
A RESOLUTION AUTHORIZING THE ISSUANCE OF $380,000 BONDS OF THE TOWN OF SOUTHAMPTON, SUFFOLK COUNTY, NEW YORK, TO PAY THE COST OF IMPROVEMENTS TO VARIOUS PARKS, PLAYGROUNDS OR RECREATIONAL AREA FACILITIES, INCLUDING INSTALLATION OF LED LIGHTS FOR BALL PARK, IN AND FOR SAID TOWN.
The period of probable usefulness of the aforesaid class of objects or purposes is 15 years pursuant to subdivision 19 of paragraph a of Section 11.00 of the Local Finance Law.
6. BOND RESOLUTION DATED DECEMBER 8, 2020.
A RESOLUTION AUTHORIZING THE ISSUANCE OF $400,000 BONDS OF THE TOWN OF SOUTHAMPTON, SUFFOLK COUNTY, NEW YORK, TO PAY THE COST OF VARIOUS IMPROVEMENTS ASSOCIATED WITH THE CLOSING OF THE NORTH SEA LANDFILL/ COMPOST FACILITY, INCLUDING LEACHATE REDUCTION, IN AND FOR SAID TOWN.
The period of probable usefulness of the aforesaid class of objects or purposes is 20 years pursuant to subdivision 6-b of paragraph a of Section 11.00 of the Local Finance Law.
7. BOND RESOLUTION DATED DECEMBER 8, 2020.
A RESOLUTION AUTHORIZING THE ISSUANCE OF $720,000 BONDS OF THE TOWN OF SOUTHAMPTON, SUFFOLK COUNTY, NEW YORK, TO PAY THE COST OF IMPROVEMENTS TO VARIOUS TOWN-OWNED BUILDINGS, IN AND FOR SAID TOWN.
The probable usefulness of the aforesaid class of objects or purposes is 10 years pursuant to subdivision 12 of paragraph a of Section 11.00 of the Local Finance Law.
8. BOND RESOLUTION DATED DECEMBER 8, 2020.
A RESOLUTION AUTHORIZING THE ISSUANCE OF $55,000 BONDS OF THE TOWN OF SOUTHAMPTON, SUFFOLK COUNTY, NEW YORK, TO PAY THE COST OF CONSTRUCTION OF A PARKING LOT AT A TOWN FACILITY AND RECONSTRUCTION OF THE BAY BUILDING, IN AND FOR SAID TOWN.
The period of probable usefulness of the probable usefulness of the aforesaid class of objects or purposes is 10 years pursuant to subdivision 90 of paragraph a of Section 11.00 of the Local Finance Law, as said purpose consists of items which have a period of probable usefulness of at least 10 years under one or more subdivisions 19 or 20.
9. BOND RESOLUTION DATED DECEMBER 8, 2020.
A RESOLUTION AUTHORIZING THE ISSUANCE OF $100,000 BONDS OF THE TOWN OF SOUTHAMPTON, SUFFOLK COUNTY, NEW YORK, TO PAY THE COST OF RECONSTRUCTION OF BRIDGES, IN AND FOR SAID TOWN.
The period of probable usefulness of the aforesaid class of objects or purposes is 20 years pursuant to subdivision 10 of paragraph a of Section 11.00 of the Local Finance Law.
10. BOND RESOLUTION DATED DECEMBER 8, 2020.
A RESOLUTION AUTHORIZING THE ISSUANCE OF $500,000 BONDS OF THE TOWN OF SOUTHAMPTON, SUFFOLK COUNTY, NEW YORK, TO PAY THE COST OF ACQUISITION OF VEHICLES AND EQUIPMENT FOR CONSTRUCTION OR MAINTENANCE PURPOSES FOR USE BY THE TOWN HIGHWAY DEPARTMENT, EACH ITEM COSTING OVER $30,000, IN AND FOR SAID TOWN.
The period of probable usefulness of the aforesaid class of objects or purposes is 15 years pursuant to subdivision 28 of paragraph a of Section 11.00 of the Local Finance Law.
11. BOND RESOLUTION DATED DECEMBER 8, 2020.
A RESOLUTION AUTHORIZING THE ISSUANCE OF $100,000 BONDS OF THE TOWN OF SOUTHAMPTON, SUFFOLK COUNTY, NEW YORK, TO PAY THE COST OF THE RECONSTRUCTION OR REPLACEMENT OF EXISTING BULKHEADS CONSTRUCTED OF STEEL, STONE, CONCRETE OR WOOD, IN AND FOR SAID TOWN.
The period of probable usefulness of the aforesaid class of objects or purposes is 20 years pursuant to subdivision 22 of paragraph a of Section 11.00 of the Local Finance Law.
12. BOND RESOLUTION DATED DECEMBER 8, 2020.
A RESOLUTION AUTHORIZING THE ISSUANCE OF $100,000 BONDS OF THE TOWN OF SOUTHAMPTON, SUFFOLK COUNTY, NEW YORK, TO PAY THE COST OF RECONSTRUCTION AND INSTALLATION OF CULVERTS, IN AND FOR SAID TOWN.
The period of probable usefulness of the aforesaid class of objects or purposes is 30 years pursuant to subdivision 3 of paragraph a of Section 11.00 of the Local Finance Law.
13. BOND RESOLUTION DATED DECEMBER 8, 2020.
A RESOLUTION AUTHORIZING THE ISSUANCE OF $200,000 BONDS OF THE TOWN OF SOUTHAMPTON, SUFFOLK COUNTY, NEW YORK, TO PAY THE COST OF VARIOUS DRAINAGE IMPROVEMENTS, IN AND FOR SAID TOWN.
The period of probable usefulness of the aforesaid class of objects or purposes is 30 years pursuant to subdivision 3 of paragraph a of Section 11.00 of the Local Finance Law.
14. BOND RESOLUTION DATED DECEMBER 8, 2020.
A RESOLUTION AUTHORIZING THE ISSUANCE OF $2,200,000 BONDS OF THE TOWN OF SOUTHAMPTON, SUFFOLK COUNTY, NEW YORK, TO PAY THE COST OF RECONSTRUCTION OF VARIOUS TOWN ROADS AND SUBDIVISION ROADS, IN-CLUDING BIKE PATHS, IN AND FOR SAID TOWN.
The period of probable usefulness of the aforesaid class of objects or purposes is 15 years pursuant to subdivision 20 of paragraph a of Section 11.00 of the Local Finance Law.
15. BOND RESOLUTION DATED DECEMBER 8, 2020.
A RESOLUTION AUTHORIZING THE ISSUANCE OF $100,000 BONDS OF THE TOWN OF SOUTHAMPTON, SUFFOLK COUNTY, NEW YORK, TO PAY THE COST OF CONSTRUCTION OR RECONSTRUCTION OF SIDEWALKS, IN AND FOR SAID TOWN.
The period of probable usefulness of the aforesaid class of objects or purposes is 10 years pursuant to subdivision 24 of paragraph a of Section 11.00 of the Local Finance Law.
16. BOND RESOLUTION DATED DECEMBER 8, 2020.
A RESOLUTION AUTHORIZING THE ISSUANCE OF AN ADDITIONAL $42,000 BONDS OF THE TOWN OF SOUTHAMPTON, SUFFOLK COUNTY, NEW YORK, TO PAY THE COST OF DEMOLITION AND CONSTRUCTION OF NEW ATTENDANT BOOTHS FOR THE WASTE MANAGEMENT TRANSFER STATIONS, IN AND FOR SAID TOWN.
The period of probable usefulness of the aforesaid class of objects or purposes is twenty-five years pursuant to subdivision eleven of paragraph a of Section 11.00 of the Local Finance Law, as the booths to be constructed shall be Class “B” buildings within the meaning of said subdivision eleven.
17. BOND RESOLUTION DATED DECEMBER 8, 2020.
A RESOLUTION AUTHORIZING THE ISSUANCE OF $300,000 BONDS OF THE TOWN OF SOUTHAMPTON, SUFFOLK COUNTY, NEW YORK, TO PAY THE COST OF IMPROVEMENTS TO THE TOWN’S YARDWASTE FACILITY TO MAKE IT DEC COMPLIANT, INCLUDING CREATING POSITIVE DRAINAGE AREAS AND IMPERVIOUS SURFACES, IN AND FOR SAID TOWN.
The period of probable usefulness of the aforesaid specific object or purpose is 20 years pursuant to subdivision 92 of paragraph a of Section 11.00 of the Local Finance Law, as said purpose consists of items which have a period of probable usefulness of at least 20 years under one or more subdivisions subdivision 6 and 6-a.
18. BOND RESOLUTION DATED DECEMBER 8, 2020.
A RESOLUTION AUTHORIZING THE ISSUANCE OF $130,000 BONDS OF THE TOWN OF SOUTHAMPTON, SUFFOLK COUNTY, NEW YORK, TO PAY THE COST OF PURCHASE OF HEAVY EQUIPMENT TO BE USED FOR WASTE MANAGEMENT PURPOSES, IN AND FOR SAID TOWN.
The period of probable usefulness of the aforesaid class of objects or purposes is 10 years pursuant to subdivision 6 of paragraph a of Section 11.00 of the Local Finance Law.
THE FULL TEXT OF THESE BOND RESOLUTIONS ARE AVAILABLE FOR PUBLIC INSPECTION AT THE OF-FICE OF THE TOWN CLERK LOCATED AT 116 HAMPTON ROAD, SOUTHAMPTON, NEW YORK, DURING NORMAL BUSINESS HOURS.
BY ORDER OF THE TOWN BOARD
TOWN OF
SOUTHAMPTON, NEW YORK
SUNDY A. SCHERMEYER, TOWN CLERK
EWP-9755720114