Southtowns Record

Board Packet 06.01.2026

Government
Village of Springville
Board
Village Board
Meeting
Jun 1, 2026
Kind
Agenda packet
Topics
Audits and oversight, Zoning and land use, Public safety, Budget and taxes, Water, sewer and drainage

Original document

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Springville, V.  /R. Belscher  -2-  June 1, 2026

  3)  Conduct the Note sale and make recommendation on the acceptance of the bids.

  4)  Prepare, convert, and arrange for distribution of the Final Official Statement, if prepared.

  5)  Coordinate closing arrangements with the purchaser and other appropriate officials.

II. Long-Term Serial Bond Borrowing Scope of Services

The following items will be completed under this portion of the contract, if appropriate, and as required
under current State and Federal regulations:

  3)  Plan the optimum maturity date for the annual payment of the bonds.

  2)  If $1,000,000 or more, prepare an Official Statement based on information provided to Municipal
  Solutions by the Village, bond counsel and other third parties.

  3)  Coordinate the preparation of a Notice of Sale with bond counsel to be used in the advertisement
  of the issue in compliance with the official compilation of codes, rules and regulations of the NYS
  Comptroller and the NYS Local Finance Law.

  4)  Complete the debt statement, if required, and file with the New York State Comptroller.

  5)  Apply for a credit rating, when appropriate.

  6)  Qualify the issue for municipal bond insurance, when appropriate.

  7)  Prepare and convert Notice of Sale, financial information, and Preliminary Official Statement files
  for upload to Municipal Solutions' website, electronic transfer to underwriters and submission of
  Notice of Sale to the Bond Buyer, when appropriate. Post results to website after the sale.

  8)  When appropriate, qualify the issue to receive bids electronically using the IPREO electronic
  bidding platform. Conduct the sale and make a recommendation on the acceptance of the bids.
  Coordinate the closing with bond counsel, Village attomey, the successful bidder, and the
  Depository Trust Company (if necessary).

  9)  Prepare, convert, and arrange for distribution of the Final Official Statement, if prepared.

III. General Financial Services

The following items will be completed under this portion of the contract, if appropriate and as requested:

  )  Attend construction or other meetings, prepare reports on financial matters of the Village, assist with
  project and pre-referendum planning, long range and other planning issues, as required.

  2)  Assist the Village in the preparation of information that may be used for public or internal
  discussions or presentation to the bond rating agencies and investors.

  3)  Assist in the development of an operating budget, cash flow and operating expenses and offsetting
  revenue forecasts.