Southtowns Record

Board Packet 10.19.2026

Government
Village of Springville
Board
Village Board
Meeting
Oct 19, 2026
Kind
Agenda packet
Topics
Budget and taxes, Zoning and land use, Energy and data center siting, Moratoriums, Water, sewer and drainage, Public safety, Roads and traffic, Audits and oversight, Parks and recreation

Original document

Text · page 9 of 35

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

A BOND RESOLUTION, DATED OCTOBER 19, 2026, OF
  THE VILLAGE BOARD OF TRUSTEES OF THE VILLAGE
  OF SPRINGVILLE, ERIE COUNTY, NEW YORK (THE
  “VILLAGE”),  AUTHORIZING  A  CAPITAL
  IMPROVEMENTS  PROJECT  CONSISTING  OF  THE
  ACQUISITION  AND  RENOVATION  OF  A  BUILDING  TO
  BE  USED  BY THE  VILLAGE  AT AN  ESTIMATED
  MAXIMUM  COST  OF  $500,000 AND  AUTHORIZIN  G THE
  ISSUANCE OF SERIAL BONDS IN AN AGGREGATE
  PRINCIPAL  AMOUNT  NOT  TO  EXCEED  $500,000
  PURSUANT TO THE LOCAL FINANCE  LAW  TO FINANCE
  SUCH PURPOSE, SUCH AMOUNT TO BE OFFSET BY ANY
  FEDERAL, STATE, COUNTY AND/OR LOCAL FUNDS
  RECEIVED, AND DELEGATING THE POWER TO ISSUE
  BOND ANTICIPATION NOTES IN ANTICIPATION OF
  THE  SALE  OF  SUCH  BONDS  TO  THE  VILLAGE
  TREASURER.

  WHEREAS, the Village Board of Trustees of the Village of Springville, in the
County of Erie, New York (the “Village”) desires to undertake a capital improvements project
consisting of the acquisition and renovation of a building to be used by the Village; and

  NOW THEREFORE,

  BE IT RESOLVED, by the Village Board of Trustees (by the favorable vote of not
less than two-thirds of all the members of the Board of Trustees) as follows:

  SECTION 1. The Village is hereby authorized to undertake a capital
improvements project consisting of the acquisition of a building located at 24 North Buffalo Street,
Springville, New York to be used by the Village and to make renovations and improvements to
such building generally consisting of, but not limited to, updates to the heating and AC systems,
LED lighting, IT and security cameras, and exterior improvements to the sidewalk and driveway,
as well as other improvements as more fully identified in (or contemplated by) a report prepared
in connection with such project, and including all preliminary work and necessary equipment,
materials and related site work, and any preliminary costs and other improvements and costs
incidental thereto and in connection with the financing thereof (collectively, the “Purpose”). The
estimated maximum cost of the Purpose is $500,000.

  SECTION 2. The Village Board of Trustees plans to finance the estimated
maximum cost of the Purpose by the issuance of serial bonds of the Village in an aggregate
principal amount not to exceed $500,000 hereby authorized to be issued therefor pursuant to the
Local Finance Law, said amount to be offset by any federal, state, county and/or local funds
received. Unless paid from other sources or charges, the cost of such improvements is to be paid
by 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.