Village Of Pleasantville: NOTICE OF ADOPTION OF BOND RESOLUTION SUBJECT TO PERMISSIVE REFERENDUM

Press release from the Village of Pleasantville:

June 16, 2021 - 9:40am

PLEASE TAKE NOTICE that the Board of Trustees of the Village of Pleasantville, Westchester County, New York (the "Village"), at a meeting held on June 14, 2021, adopted a bond resolution, which is subject to a permissive referendum, that authorizes the issuance of an additional $1,400,000 serial bonds of the Village to finance the reconstruction and improvement of Manville Road, including sidewalks, curbs, gutters, drainage, landscaping and grading or improving the rights of way, with flexible pavement of a type described in the Local Finance Law Section 11(a)(20)(c), including surveys, preliminary plans and detailed plans, specifications and estimates required in connection therewith (the “Project”).  The bond resolution supplements the Village bond resolution adopted by the Board of Trustees on July 22, 2019 (the “Original Bond Resolution”), which authorized the issuance of $2,600,000 of serial bonds of the Village to finance the Project.  The new maximum authorized cost of the Project, and the maximum amount of obligations authorized to be issued, is $4,000,000.  The period of probable usefulness is fifteen (15) years, computed from the date of the first bond anticipation note issued in anticipation of the Bond or serial bonds or bond anticipation notes authorized pursuant to the Original Bond Resolution, and the bonds are payable from amounts to be annually levied on all the taxable real property in the Village.  Pursuant to the New York State Environmental Quality Review Act and the regulations promulgated thereunder (“SEQRA”), the Village, as lead agency, has previously determined that the project is an “unlisted action” under SEQRA and that the project will not have a significant effect on the environment.  No further action under SEQRA is required.

This press release was produced by the Village of Pleasantville. The views expressed here are the author’s own.