BOND RESOLUTION OF THE COUNTY OF PUTNAM
THE RESOLUTION, A SUMMARY OF WHICH IS PUBLISHED HEREWITH, HAS BEEN ADOPTED ON THE 4TH DAY OF MAY, 2010, 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 COUNTY OF PUTNAM, 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.
M. CHRIS MARRONE CLERK TO THE COUNTY LEGISLATURE
BOND RESOLUTION OF THE COUNTY OF PUTNAM, NEW YORK, ADOPTED MAY 4, 2010, AUTHORIZING THE ISSUANCE OF AN ADDITIONAL $80,000 BONDS TO PAY PART OF THE COST OF THE CONSTRUCTION OF BIKEWAYS (STAGES 2 AND 3) THROUGHOUT AND IN AND FOR SAID COUNTY.
Class of objects or purposes: Construction of bikeways(Stages 2 and 3)
Period of probable usefulness: Fifteen (15) years
Revised maximum estimated cost: $1,712,500
Additional amount of obligations to be issued: $80,000 Bonds
A complete copy of the bond resolution summarized above shall be available for public inspection during normal business hours at the office of the Clerk to the Legislature, at the County Office Building, 40 Gleneida Avenue, Carmel, New York.
Dated: May 6, 2010 Carmel, New York