NOTICE
The resolution, a summary of which is published herewith, has been adopted on May 9, 2024 and 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 Herricks Union Free School District, 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 publication of this Notice, or such obligations were authorized in violation of the provisions of the constitution.
Lisa Rutkoske District Clerk
BOND RESOLUTION OF THE HERRICKS UNION FREE SCHOOL DISTRICT, NEW YORK, ADOPTED MAY 9, 2024, AUTHORIZING THE PAYMENT OF SETTLED CLAIMS, STATING THE ESTIMATED TOTAL COST THEREOF IS $35,000,000, APPROPRIATING SAID AMOUNT THEREFOR AND AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $35,000,000 BONDS OF SAID DISTRICT TO FINANCE SAID APPROPRIATION
The object or purpose for which the bonds are authorized is the payment of settled claims resulting from litigation commenced against the District pursuant to the New York Child Victims Act, at the estimated total cost of $35,000,000.
The amount of obligations to be issued is not to exceed $35,000,000.
The period of probable usefulness is between five (5) and fifteen (15) years and shall be determined in accordance with the provisions of the New York Local Finance Law.
A complete copy of the bond resolution summarized above shall be available for public inspection during normal business hours at the office of the District Clerk, Herricks Union Free School District, 999-B Herricks Road, New Hyde Park New York 11040.
Dated: May 9, 2024
