NOTICE OF BOND RESOLUTION

NOTICE IS HEREBY GIVEN that the bond resolution, a summary of which is published herewith, has been adopted by the Town Board of the Town of Taghkanic, Columbia County, New York, on the 23rd day of January, 2026.  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 Taghkanic 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 (20) days after the date of publication of this notice; or if such obligations were authorized in violation of the provisions of the Constitution of New York.

Cheryl Rogers

Town Clerk

 Town of Taghkanic, New York

BOND RESOLUTION DATED JANUARY 23, 2026

A RESOLUTION AUTHORIZING THE ACQUISITION OF A WHEELED LOADER FOR HIGHWAY DEPARTMENT PURPOSES AT AN ESTIMATED MAXIMUM COST OF $204,000.00, AUTHORIZING THE ISSUANCE OF SERIAL BONDS OF THE TOWN OF TAGHKANIC, COLUMBIA COUNTY, NEW YORK IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $174,000.00 PURSUANT TO THE LOCAL FINANCE LAW TO FINANCE A PORTION OF SUCH COST, AND DELEGATING CERTAIN POWERS IN CONNECTION THEREWITH TO THE TOWN SUPERVISOR

Objects or purposes:  The Bond Resolution authorizes acquisition of a wheeled loader with broom and forks for highway department purposes at an estimated maximum cost of $204,000.00.  The aforesaid purpose constitutes a Type II action as defined under the State Environmental Quality Review Regulations, 6 NYCRR Part 617, which has been determined not to have a significant effect on the environment.

Period of Probable Usefulness:  Fifteen (15) years pursuant to subdivision 28 of paragraph a of Section 11.00 of the Local Finance Law.  The obligations authorized by the Bond Resolution will not be in excess of five years from the original date of issuance of such obligations.           

Maximum Amount of Obligations to be Issued:  The Town plans to finance a portion of the total cost of said purpose by the issuance of serial bonds of the Town in an amount not to exceed $174,00.00, authorized to be issued therefor pursuant to the Local Finance Law. The remaining cost is to be paid from other available funds.

Delegation:  The power to authorize bond anticipation notes in anticipation of the issuance of the serial bonds authorized by the Bond Resolution, to determine the form and terms of said serial bonds, and take certain other actions is delegated to the Town Supervisor, as Chief Fiscal Officer.

A complete copy of the Bond Resolution summarized above is available for public inspection during normal business hours at the office of the Town Clerk, located at the Taghkanic Town Hall, 909 Route 82, Ancram, New York 1250.

January 27, 2026

Town of Taghkanic, New York