Legal Notice – Bond Resolution

NOTICE OF BOND RESOLUTION

The resolution, a summary of which is published herewith, was adopted on April 1, 2025. The resolution was subject to permissive referendum and the period of time has elapsed for the submission and filing of a petition for a permissive referendum.  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 Freeville, Tompkins County, 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 this notice, or such obligations were authorized in violation of the provisions of the constitution.

Heather Murray, Village Clerk

SUMMARY OF BOND RESOLUTION

A Resolution adopted by the Board of Trustees of the Village of Freeville, Tompkins County, New York (the “Village”) on April 1, 2025 authorizes the issuance of bonds and other obligations to finance the cost of constructing improvements to the Village waste water treatment plant together with related site improvements, original furnishings, equipment, machinery and apparatus incidental thereto at a total estimated sum not to exceed $9,560,000 and to expend a total maximum estimated sum of $9,560,000 which is estimated to be the total maximum cost thereof (the “Project”), and to pay for such Project by the levy of a tax for the foregoing object or purpose in an amount not to exceed $9,560,000, which shall be levied and collected in annual installments in such years and in such amounts as may be determined by the Board of Trustees and that in anticipation of the collection of such tax, bonds and notes of the Village are hereby authorized to be issued at one time, or from time to time, in the principal amount not to exceed $9,560,000 and a tax is authorized to pay the interest on said obligations when due.  Under the Local Finance Law, the Project has a period of probable usefulness of forty (40) years.  Such resolution shall be kept available for public inspection in the Village Clerk’s Office during regular business hours for twenty days following this publication.