Text · page 7 of 7
This document was a scan. Its text was produced by character recognition and may contain errors; check the original for exact wording.
NOTICE The resolution, a summary of which is published herewith, has been adopted on the 3rd day of November, 2021. 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 Town of Boston, in the County of Erie, New York, is not authorized to expend money or if the provisions of jaw 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 the notice, or such obligations were authorized in violation of the provisions of the constitution. SANDRA QUINLAN Town Clerk BOND RESOLUTION OF THE TOWN OF BOSTON, NEW YORK, ADOPTED NOVEMBER 3, 2021, APPROPRIATING $1 1,058,000 FOR THE COST OF AN INCREASE AND IMPROVEMENT OF FACILITIES OF WATER DISTRICT NOS. 1 AND 2, AND AUTHORIZING THE ISSUANCE OF BONDS OF SAID TOWN IN THE PRINCIPAL AMOUNT OF $1 1,058,000 TO FINANCE SAID APPROPRIATION The specific objects or purposes for which the bonds are authorized is the increase and improvement of facilities of the Districts in accordance with a lease agreement between the Erie County Water Authority (“ECWA”) and the Town, consisting of improvements to (i) the Water Main Replaceme nt and Pump Station Improvements serving properties located within Water District No. 1, at the estimated maximum cost of $9,738,000; and (ii) Water Main Replacement Improvements serving properties located within Water District No. 2, at the estimated maximum cost of $1 ,320,000, as more particularly described in the Map, Plan and Report for the Town of Boston Water System Improvements to Water Districts No. 1 and 2 dated August 2020 and updated October 2021 prepared by CPL Engineers. The maximum amount of obligations authorized to be issued is $1 1,058,000 The period of probable usefulness is forty (40) years. A complete copy of the bond resolution summarized above and the above-re ferenced map, plan and report shall be available for public inspection during normal business hours at the office of the Town Clerk, Town of Boston, 8500 Boston State Road, Boston, New York 14025