NOTICE OF BOND RESOLUTION SUBJECT TO PERMISSIVE REFERENDUM

The resolution, a summary of which is published herewith, was adopted on May 15, 2024 and is subject to permissive referendum in accordance with Section 90 of the Town Law.

SUMMARY OF BOND RESOLUTION SUBJECT TO PERMISSIVE REFERENDUM

A Bond Resolution adopted by the Town Board of the Town of Tully, New York (the “Town”) on May 15, 2024 authorizes the acquisition, construction and equipping of certain improvements and repairs to the Route 11A Water District, including expansion of the system to connect with the existing Village of Tully water system, at a maximum estimated cost of $2,747,000. Such Bond Resolution authorizes up to $2,747,000, or such lesser amount as may be necessary, of serial bonds or any bond anticipation notes, including renewals of such notes, in anticipation of the issuance and sale of the bonds of said Town, pursuant to the provisions of the Local Finance Law and the levy of a tax to pay principal and interest on said obligations, and the application, if and when available, of state and/or federal assistance available or to any revenues available for such purpose from any other source.  Pursuant to paragraph 1 of Section 11.00 of the Local Finance Law, the period of probable usefulness of the Project is forty (40) years. Such resolution shall be kept available for public inspection in the Town Offices during regular business hours following this publication.