BOND RESOLUTION – HVAC/RECREATION DEPARTMENT INC. VILLAGE OF FLORAL

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LEGAL NOTICE BOND RESOLUTION – HVAC/RECREATION DEPARTMENT INC. VILLAGE OF FLORAL PARKThe resolution, a summary of which is published herewith, has been adopted on December 15, 2020, and an abstract thereof has been published and posted as required by law 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.  The validity of the obligations authorized by such resolution may be hereafter contested only if such obligations were authorized for an object or purpose for which the Village of Floral Park, in the County of Nassau, New York, 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 the notice, or such obligations were authorized in violation of the provisions of the constitution.BOND RESOLUTION OF THE VILLAGE OF FLORAL PARK, NEW YORK, ADOPTED DECEMBER 15, 2020, AUTHORIZING THE CONSTRUCTION OF IMPROVEMENTS TO THE RECREATION DEPARTMENT HVAC SYSTEM, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $100,000, APPROPRIATING SAID AMOUNT FOR SUCH PURPOSE, AND AUTHORIZING THE ISSUANCE OF BONDS IN THE PRINCIPAL AMOUNT OF NOT TO EXCEED $100,000 TO FINANCE SAID APPROPRIATIONThe object or purpose for which the bonds are authorized to construct improvements to the Recreation Department HVAC system.  The estimated maximum cost thereof, including preliminary costs and costs incidental thereto and the financing thereof, is $100,000 and said amount is hereby appropriated for such purpose.  The plan of financing includes the issuance of  not to exceed $100,000 bonds of the Village to finance said appropriation, and the levy and collection of taxes on all the taxable real property in the Village to pay the principal of said bonds and the interest thereon as the same shall become due and payable. The period of probable usefulness of the $100,000 bond is ten (10) years. The maximum amount of obligations authorized to be issued is $100,000. The bonds authorized pursuant to this resolution and any bond anticipation notes issued in anticipation of the sale of said bond, shall mature no later than five (5) years after the date of original issuance of said bond or note. A complete copy of the bond resolution summarized above shall be available for public inspection during normal business hours at the office of the Village of Floral Park, Village Hall, One Floral Boulevard, Floral Park, New York.                                                                   Susan E. Walsh Village ClerkDated:  December 15, 2020

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