NOTICE OF ESTOPPEL
The resolution, a summary of which is published herewith, has been adopted on October 28, 2021, and 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 Warwick, in the County of Orange, New York is not authorized to expend money or if the provisions of law 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 publication of this notice, or such obligations were authorized in violation of the provisions of the constitution.
BOND RESOLUTION OF THE TOWN OF WARWICK, ADOPTED DECEMBER 8, 2016, AMENDED OCTOBER 28, 2021, AUTHORIZING CONSTRUCTION OF TOWN PUBLIC TRANSIT BUS GARAGE, STATING THAT THE ESTIMATED MAXIMUM COST THEREOF IS $3,200,000.00, APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSUANCE OF $1,000,000.00 SERIAL BONDS TO FINANCE SAID APPROPRIATION, AND STATING THAT THE TOWN EXPECTS TO BE REIMBURSED BY THE COUNTY OF ORANGE IN AN AMOUNT NOT TO EXCEED $2,884,000.00 AND AUTHORIZING ANY AMOUNTS SO RECEIVED TO BE EXPENDED TOWARDS THE COST OF SAID SPECIFIC OBJECTS OR PURPOSE OR REDEMPTION OF ANY BONDS OR NOTES ISSUED THEREFOR OR BUDGETED AS AN OFFSET TO THE TAXES TO BE LEVIED FOR PAYMENT OF THE PRINCIPAL OF AND INTEREST ON SAID BONDS OR NOTES.
- Object or purpose: Construction of Town Public Transit Bus Garage
- Amount of obligations to be issued: $1,000,000.00
- Period of probable usefulness: Thirty (30) Years
- SEQRA Status: Unlisted – Negative Declaration adopted
A complete copy of the Bond Resolution summarized above shall be available for public inspection during normal business hours at the office of the Town Clerk, Town Hall, 132 Kings Highway, Warwick, New York 10990.
November 28, 2021
Warwick, New York