Southtowns Record

SUPPORTING DOCUMENTS (6B-7G)

Government
Town of Aurora
Board
Town Board
Meeting
Apr 13, 2026
Kind
Agenda packet
Topics
Budget and taxes, Parks and recreation, Zoning and land use, Roads and traffic, Public safety, Water, sewer and drainage

Original document

Same meeting

Text · page 21 of 46

Read the whole document on one page (all 46 pages, each with its own heading)

This document was a scan. Its text was produced by character recognition and may contain errors; check the original for exact wording.

CLOSING CERTIFICATE AND SUPPLEMENTAL AGREEMENT

  I, the undersigned officer of the Recipient, a municipal corporation, public benefit
 corporation or public authority duly organized and existing under the laws of the State of New
 York, as set forth on the cover page of this Closing Certificate and Supplemental Agreement
 (hereinafter, this “Certificate”), HEREBY CERTIFY AND AGREE on behalf of the Recipient as
 set forth below with respect to the Recipient Bonds, as defined in Exhibit A hereto, delivered by
 the Recipient to the New York State Environmental Facilities Corporation, a body corporate and
 politic, constituting a public benefit corporation, established and existing under and by virtue of
 the laws of the State of New York (the “Corporation”) to evidence the obligation of the Recipient
 to repay the Leveraged Financing (as defined in Exhibit A hereto) originally made available from
 the proceeds of Prior Corporation Bonds (as defined in Exhibit A).

  GENERAL MATTERS

  1.1.  Authority to Execute Certificate. I am an officer of the Recipient and am
  acting for and on behalf of the Recipient in signing this Certificate.

  1.2... Definitions. Any capitalized terms used but not defined in this Certificate
  shall have the meanings set forth in the Existing Tax Certificate and the Existing Agreement (each
  as defined in Exhibit A). On and after the issuance of the New Corporation Bonds, all capitalized
_ terms defined in Exhibit A hereto and used in the Existing Agreement as amended and
  supplemented hereby shall have the meaning set forth in Exhibit A hereto rather than the meaning
  set forth in the Existing Agreement.

  1.3.  The Refinancing Transaction.  The Recipient acknowledges that the
  Corporation is issuing its New Corporation Bonds and making the proceeds thereof (and may make -
  certain other Corporation moneys) available for the purpose, among others, of refinancing all or a
- portion of the Prior Corporation Bonds. The Recipient further acknowledges that in accordance
  with the Existing Agreement the Corporation may apply principal and interest payments itreceives _
  from the Recipient Bonds to the payment of the principal of and interest on the New Corporation
  Bonds and/or to reimburse itself for such other Corporation moneys, if any, advanced in
  connection with the refinancing of the Prior Corporation Bonds. Following the issuance of the
  New Corporation Bonds, the Corporation will deliver an amended Notice of Terms to the
  Recipient, reflecting any modifications to the debt service or administrative fee payment dates. In
  no event shall any debt service payment payable by the Recipient be greater than the amount that
  would have been due for the same period (maturity) under the Existing Agreement.

  1.4.  Completion of Project.  The Recipient hereby represents that it has
  completed the Project and that the Project (as defined in the Existing Agreement) is in operation.

  II.  AMENDMENT OF EXISTING AGREEMENT

  2.1.  Administrative  Fee  Payment  Dates.  The  Recipient  shall  pay  the
  Corporation's annual administrative fee payable in accordance with the terms of the Existing
  Agreement,  on the dates and in the amounts  set forth in the Notice  of Terms.  The next

  2026 B & C Refunding Certificate — Series 2015 B, 2015 D and 2016 B Refunding