Notice of Special Election: Germantown Fire District

January 16th, 2018

 NOTICE OF SPECIAL ELECTION

Germantown Fire District, Columbia County, New York

NOTICE IS HEREBY GIVEN that, pursuant to Section 38.00 of the Local Finance Law and

Section 179 of the Town Law, a special election of the qualified voters of the Germantown Fire

District, Columbia County, New York, will be held at the Germantown Firehouse, 181 Main

Street, in Germantown, New York, in said Fire District, on the 23rd day of January, 2018,

between the hours of 6:00 P.M. and 9:00 P.M., Prevailing Time, for the purpose of voting by

ballot on the adoption or rejection of the following resolution:

BOND RESOLUTION DATED DECEMBER 18, 2017

A RESOLUTION AUTHORIZING THE PURCHASE OF A FIRE TRUCK

FOR THE GERMANTOWN FIRE DISTRICT, COLUMBIA COUNTY,

NEW YORK, AT A MAXIMUM ESTIMATED COST OF $700,000, AND

AUTHORIZING THE ISSUANCE OF NOT EXCEEDING $400,000

BONDS AND THE EXPENDITURE OF $300,000 AVAILABLE CURRENT

FUNDS OF SAID FIRE DISTRICT TO PAY THE COST THEREOF.

BE IT RESOLVED, by the Board of Fire Commissioners of the Germantown Fire District,

Columbia, New York, as follows:

Section 1. The purchase of a fire truck for the Germantown Fire District, Columbia

County, New York, including apparatus and incidental costs, is hereby authorized at a maximum

estimated cost of $700,000.

Section 2. The plan for the financing of the aforesaid maximum estimated cost is as follows:

  1. a) By the issuance of not exceeding $400,000 bonds of said Fire District hereby

authorized to be issued therefor pursuant to the provisions of the Local

Finance Law; and

  1. b) By the appropriation and expenditure of $300,000 available current funds of

said Fire District hereby authorized to be expended therefor.

Section 3. It is hereby determined that the period of probable usefulness of the

aforesaid specific object or purpose is twenty years pursuant to subdivision 27 of paragraph a

of Section 11.00 of the Local Finance Law.

Section 4. The faith and credit of said Germantown Fire District, Columbia County, New

York, are hereby irrevocably pledged for the payment of the principal of and interest on such

bonds as the same respectively become due and payable. An annual appropriation shall be

made in each year sufficient to pay the principal of and interest on such bonds becoming due

and payable in such year. There shall be annually levied on all the taxable real property in said

Fire District a tax sufficient to pay the principal of and interest on such bonds as the same

become due and payable.

Section 5. Subject to the provisions of the Local Finance Law, the power to authorize the

issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the

bonds herein authorized, including renewals of such notes, is hereby delegated to the Fire

District Treasurer, the chief fiscal officer. Such notes shall be of such terms, form and contents,

and shall be sold in such manner, as may be prescribed by said Fire District, consistent with the

provisions of the Local Finance Law.

Section 6. All other matters except as provided herein relating to the bonds herein

authorized including the date, denominations, maturities and interest payment dates, within

the limitations prescribed herein and the manner of execution of the same, including the

consolidation with other issues, and also the ability to issue bonds with substantially level or

declining annual debt service, shall be determined by the Fire District Treasurer, the chief fiscal

officer of such Fire District. Such bonds shall contain substantially the recital of validity clause

provided for in Section 52.00 of the Local Finance Law, and shall otherwise be in such form and

contain such recitals, in addition to those required by Section 51.00 of the Local Finance Law, as the Fire District Treasurer shall determine consistent with the provisions of the Local Finance

Law.

Section 7. The validity of such bonds and bond anticipation notes may be contested only if:

1) Such obligations are authorized for an object or purpose for which said Fire

District is not authorized to expend money, or

2) The provisions of law which should be complied with at the date of

publication of this resolution are not substantially complied with,

and an action, suit or proceeding contesting such validity is commenced within twenty days

after the date of such publication, or

3) Such obligations are authorized in violation of the provisions of the

Constitution.

Section 8. This resolution shall constitute a statement of official intent for purposes of

Treasury Regulations Section 1.150-2. Other than as specified in this resolution, no monies are,

or are reasonably expected to be, reserved, allocated on a long-term basis, or otherwise set

aside with respect to the permanent funding of the object or purpose described herein.

Section 9. Upon this resolution taking effect, the same shall be published in summary in

The Register-Star, which is hereby designated as the official newspaper of said Fire District for

such purpose, together with a notice of the Fire District Secretary in substantially the form

provided in Section 81.00 of the Local Finance Law.

Section 10. This resolution is adopted subject to approval at a special election of said

Fire District to be held on the 23rd day of January, 2018.

* * * * * *

The polls will be kept open for the purpose of voting during the aforesaid hours, and the

proposition will be in substantially the following form, to wit:

PROPOSITION

Shall the resolution entitled: “BOND RESOLUTION DATED DECEMBER 18, 2017.

A RESOLUTION AUTHORIZING THE PURCHASE OF A FIRE TRUCK FOR THE GERMANTOWN FIRE DISTRICT, COLUMBIA COUNTY, NEW YORK, AT A MAXIMUM ESTIMATED COST OF $700,000, AND AUTHORIZING THE ISSUANCE OF NOT EXCEEDING $400,000 BONDS AND THE EXPENDITURE OF $300,000 AVAILABLE CURRENT FUNDS OF SAID FIRE DISTRICT TO PAY THE COST THEREOF.”, duly adopted by the Board of Commissioners of said Fire District on the 18th day of December, 2017, be approved?

Pursuant to subdivision 4 of Section 179 of the Town Law, every elector of the Town

who shall be a registered vote (registered with the Board of Elections on or before the twenty-third day before the special fire district election) of the Town and who shall have resided in the Fire District for the period of thirty days next preceding the election which is the subject of the notice shall be qualified to vote upon such proposition.

Dated: Germantown, New York

December 18, 2017

BY ORDER OF THE BOARD OF FIRE

COMMISSIONERS OF THE GERMANTOWN

FIRE DISTRICT, COLUMBIA COUNTY, NEW YORK

By: Kerrie M. Abela

Fire District Secretary