Bond Resolution Estoppel Legal Notice
NOTICE OF AMENDMENT AND RESTATEMENT OF BOND RESOLUTION
TOWN OF BATAVIA
NOTICE IS HEREBY GIVEN that a resolution amending and restating prior bond resolution, a summary of which is published herewith, has been adopted by the Town Board of the Town of Batavia, Genesee County, New York (the “Town”), on October 2, 2024 and the validity of the obligations authorized by such resolution may be hereafter contested only if:
1. (a) such obligations were authorized for an object or purpose for which the Town is not authorized to expend money, or
(b) the provisions of the law which should be 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 20 days after the date of such publication of this notice, or
2. such obligations were authorized in violation of the provisions of the Constitution of New York.
SUMMARY OF RESOLUTION AMENDING
AND RESTATING A PRIOR BOND RESOLUTION
The following is a summary of an amending bond resolution adopted by the Town Board of the Town of Batavia on October 2, 2024, that amends and restates a bond resolution that was previously adopted by the Town Board on October 18, 2023. The proceeds from the sale of the obligations authorized under the bond resolution (as amended and restated) will be used for the purpose of financing a capital improvements project consisting of the reconstruction of and construction of improvements to a Town building (primarily as a court facility), such work to generally consist of (but not be limited to) various internal renovations to house clerks’ offices, court room, conference rooms, restroom facilities, secured holding areas, public and private entrances and court payment window, improvements to the mechanical system, installation of security measures, construction of an addition to house the judge’s chambers, and the purchase of various furnishings, as well as other such improvements as more fully identified in (or contemplated by) one or more reports prepared by the Town Engineering Department, 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 “Project”), and to increase the estimated maximum amount of the Project from $1,512,500 to $2,500,000. Such amending and restating bond resolution authorizes the issuance and sale of a serial bond or bonds and a bond anticipation note or notes in anticipation of the issuance and sale of such serial bonds, in an increased estimated maximum amount of $2,500,000 such amount to be offset by any federal, state, county and/or local funds received. Such resolution was adopted subject to permissive referendum, and such permissive referendum period has elapsed without the filing of a petition. The estimated maximum cost and the amount of bonds authorized were increased from $1,512,500 to $2,500,000 due to a modification to the scope of the Project. The period of probable usefulness for such purpose is ten years. A copy of the resolution amending and restating the prior bond resolution, as summarized herein, is available for public inspection during normal business hours at the Office of the Town Clerk, located in the Town Hall, 3833 West Main Street Road, Batavia, New York.
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