File #: 24-162    Version: 1 Name:
Type: Resolution Status: Passed
File created: 3/11/2024 In control: Audit and Finance Committee
On agenda: Final action: 3/11/2024
Title: OMNIBUS SUPPLEMENTAL BOND RESOLUTION DATED MARCH 11, 2024. A RESOLUTION AMENDING CERTAIN TERMS OF MULTIPLE BOND RESOLUTIONS OF THE COUNTY OF ALBANY, NEW YORK, ADOPTED IN CALENDAR YEARS 2022 AND 2023 AUTHORIZING VARIOUS CAPITAL IMPROVEMENTS FOR COUNTY FACILITIES
Sponsors: Audit and Finance Committee
Attachments: 1. 24-162 AF - RULE 11 - 5267 - BOND - OMNIBUS AMENDMENTS TO 2023 BOND RESOLUTIONS REGARDING FINANCING PLAN

RESOLUTION NO. 162

 

OMNIBUS SUPPLEMENTAL BOND RESOLUTION DATED MARCH 11, 2024.  A RESOLUTION AMENDING CERTAIN TERMS OF MULTIPLE BOND RESOLUTIONS OF THE COUNTY OF ALBANY, NEW YORK, ADOPTED IN CALENDAR YEARS 2022 AND 2023 AUTHORIZING VARIOUS CAPITAL IMPROVEMENTS FOR COUNTY FACILITIES

 

Introduced: 3/11/24

By Audit and Finance Committee:

 

THE COUNTY LEGISLATURE OF THE COUNTY OF ALBANY, NEW YORK, HEREBY RESOLVES AS FOLLOWS:

 

WHEREAS, during calendar years 2022 and 2023 the County Legislature adopted various bond resolutions for the purposes of financing the undertaking of certain capital projects (collectively, the “Bond Resolutions”); and

 

WHEREAS, the County Legislature desires to amend the Bond Resolutions for the purpose of making certain technical changes to the plan of finance provisions contained in the Bond Resolutions; and

 

WHEREAS, the list of Bond Resolutions and the proposed amendments are described on Schedule A attached to this resolution;

 

NOW, THEREFORE, BE IT RESOLVED, by the County Legislature of the County of Albany, New York, as follows:

 

SECTION 1.                                          The proposed amendments described on Schedule A to this resolution are hereby accepted and approved.

 

SECTION 2.                                          The adoption by the County of this resolution is a Type II action under the provisions of the State Environmental Quality Review Act (“SEQRA”), and no further action by the County is required under SEQRA.

 

SECTION 3.                                          The Bond Resolutions described on Schedule A attached, as amended by this resolution, shall otherwise remain in full force and effect in accordance with their terms, and such resolutions are hereby ratified and confirmed.

 

SECTION 4.                                          This resolution shall take effect immediately.

 

 

 

SCHEDULE A

No.

Resolution Title

Resolution Number

Amendment

Project No.

1.

BOND RESOLUTION OF THE COUNTY OF ALBANY, NEW YORK, ADOPTED FEBRUARY 13, 2023, AUTHORIZING THE UNDERTAKING OF GREEN CAPITAL PROJECTS FOR THE DEPARTMENT OF GENERAL SERVICES, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $1,000,000, APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSUANCE OF $1,000,000 OF SERIAL BONDS OF SAID COUNTY TO FINANCE SAID APPROPRIATION.

No. 7 of 2023

The plan of finance contained in Section 1 of the Bond Resolution is amended and replaced to read as follows:  The plan of financing is described as follows:  (a) the issuance of an amount not to exceed $1,000,000 of serial bonds (and bond anticipation notes in anticipation of the issuance of such serial bonds) in such series and amounts as may be necessary to pay the cost thereof, but in no event in excess of $1,000,000 to pay the cost of the capital projects, (b) the receipt of various federal and state grants, and (c), subject to the discretion of the County, the application of moneys from the County’s General Fund or such other moneys of the County that may be available to pay the costs thereof.  In the event that such grants or other moneys become available, the County will issue obligations in a principal amount less than the $1,000,000 amount authorized by this resolution, or pay down such obligations with the amount of such grants and other moneys.

TMP-5136

2.

BOND RESOLUTION OF THE COUNTY OF ALBANY, NEW YORK, ADOPTED FEBRUARY 13, 2023, AUTHORIZING THE UNDERTAKING OF VARIOUS CAPITAL PROJECTS FOR THE MVP ARENA, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $1,625,000, APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSUANCE OF $1,625,000 OF SERIAL BONDS OF SAID COUNTY TO FINANCE SAID APPROPRIATION.

No. 9 of 2023

The plan of finance contained in Section 2 of the Bond Resolution is amended and replaced to read as follows:  The plan of financing is described as follows:  (a) the issuance of an amount not to exceed $250,000 of serial bonds (and bond anticipation notes in anticipation of the issuance of such serial bonds) in such series and amounts as may be necessary to pay the cost thereof, but in no event in excess of $250,000 to pay the cost of the capital projects, (b) the receipt of various federal and state grants, and (c), subject to the discretion of the County, the application of moneys from the County’s General Fund or such other moneys of the County that may be available to pay the costs thereof.  In the event that such grants or other moneys become available, the County will issue obligations in a principal amount less than the $250,000 amount authorized by this resolution, or pay down such obligations with the amount of such grants and other moneys.

TMP-5142

3.

BOND RESOLUTION OF THE COUNTY OF ALBANY, NEW YORK, ADOPTED FEBRUARY 13, 2023, AUTHORIZING THE UNDERTAKING OF VARIOUS CAPITAL PROJECTS FOR THE MVP ARENA, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $1,625,000, APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSUANCE OF $1,625,000 OF SERIAL BONDS OF SAID COUNTY TO FINANCE SAID APPROPRIATION.

No. 9 of 2023

The plan of finance contained in Section 3 of the Bond Resolution is amended and replaced to read as follows:  The plan of financing is described as follows:  (a) the issuance of an amount not to exceed $425,000 of serial bonds (and bond anticipation notes in anticipation of the issuance of such serial bonds) in such series and amounts as may be necessary to pay the cost thereof, but in no event in excess of $425,000 to pay the cost of the capital projects, (b) the receipt of various federal and state grants, and (c), subject to the discretion of the County, the application of moneys from the County’s General Fund or such other moneys of the County that may be available to pay the costs thereof.  In the event that such grants or other moneys become available, the County will issue obligations in a principal amount less than the $425,000 amount authorized by this resolution, or pay down such obligations with the amount of such grants and other moneys.

TMP 5143

4.

BOND RESOLUTION OF THE COUNTY OF ALBANY, NEW YORK, ADOPTED FEBRUARY 13, 2023, AUTHORIZING THE UNDERTAKING OF VARIOUS CAPITAL PROJECTS FOR THE MVP ARENA, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $1,625,000, APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSUANCE OF $1,625,000 OF SERIAL BONDS OF SAID COUNTY TO FINANCE SAID APPROPRIATION.

No. 9 of 2023

The plan of finance contained in Section 5 of the Bond Resolution is amended and replaced to read as follows:  The plan of financing is described as follows:  (a) the issuance of an amount not to exceed $250,000 of serial bonds (and bond anticipation notes in anticipation of the issuance of such serial bonds) in such series and amounts as may be necessary to pay the cost thereof, but in no event in excess of $250,000 to pay the cost of the capital projects, (b) the receipt of various federal and state grants, and (c), subject to the discretion of the County, the application of moneys from the County’s General Fund or such other moneys of the County that may be available to pay the costs thereof.  In the event that such grants or other moneys become available, the County will issue obligations in a principal amount less than the $250,000 amount authorized by this resolution, or pay down such obligations with the amount of such grants and other moneys.

TMP-5145

5.

BOND RESOLUTION OF THE COUNTY OF ALBANY, NEW YORK, ADOPTED FEBRUARY 13, 2023, AUTHORIZING VARIOUS CAPITAL PROJECTS FOR THE DEPARTMENT OF GENERAL SERVICES, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $11,500,000, APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSUANCE OF $11,500,000 OF SERIAL BONDS OF SAID COUNTY TO FINANCE SAID APPROPRIATION.

No. 10 of 2023

The plan of finance contained in Section 1 of the Bond Resolution is amended and replaced to read as follows:  The plan of financing is described as follows:  (a) the issuance of an amount not to exceed $1,500,000 of serial bonds (and bond anticipation notes in anticipation of the issuance of such serial bonds) in such series and amounts as may be necessary to pay the cost thereof, but in no event in excess of $1,500,000 to pay the cost of the capital projects, (b) the receipt of various federal and state grants, and (c), subject to the discretion of the County, the application of moneys from the County’s General Fund or such other moneys of the County that may be available to pay the costs thereof.  In the event that such grants or other moneys become available, the County will issue obligations in a principal amount less than the $1,500,000 amount authorized by this resolution, or pay down such obligations with the amount of such grants and other moneys.

TMP-5137

6.

BOND RESOLUTION OF THE COUNTY OF ALBANY, NEW YORK, ADOPTED FEBRUARY 13, 2023, AUTHORIZING VARIOUS CAPITAL PROJECTS FOR THE DEPARTMENT OF GENERAL SERVICES, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $11,500,000, APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSUANCE OF $11,500,000 OF SERIAL BONDS OF SAID COUNTY TO FINANCE SAID APPROPRIATION.

No. 10 of 2023

The plan of finance contained in Section 2 of the Bond Resolution is amended and replaced to read as follows:  The plan of financing is described as follows:  (a) the issuance of an amount not to exceed $7,000,000 of serial bonds (and bond anticipation notes in anticipation of the issuance of such serial bonds) in such series and amounts as may be necessary to pay the cost thereof, but in no event in excess of $7,000,000 to pay the cost of the capital projects, (b) the receipt of various federal and state grants, and (c), subject to the discretion of the County, the application of moneys from the County’s General Fund or such other moneys of the County that may be available to pay the costs thereof.  In the event that such grants or other moneys become available, the County will issue obligations in a principal amount less than the $7,000,000 amount authorized by this resolution, or pay down such obligations with the amount of such grants and other moneys.

TMP-5138

7.

BOND RESOLUTION OF THE COUNTY OF ALBANY, NEW YORK, ADOPTED FEBRUARY 13, 2023, AUTHORIZING VARIOUS CAPITAL PROJECTS FOR THE DEPARTMENT OF GENERAL SERVICES, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $11,500,000, APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSUANCE OF $11,500,000 OF SERIAL BONDS OF SAID COUNTY TO FINANCE SAID APPROPRIATION.

No. 10 of 2023

The plan of finance contained in Section 3 of the Bond Resolution is amended and replaced to read as follows:  The plan of financing is described as follows:  (a) the issuance of an amount not to exceed $3,000,000 of serial bonds (and bond anticipation notes in anticipation of the issuance of such serial bonds) in such series and amounts as may be necessary to pay the cost thereof, but in no event in excess of $3,000,000 to pay the cost of the capital projects, (b) the receipt of various federal and state grants, and (c), subject to the discretion of the County, the application of moneys from the County’s General Fund or such other moneys of the County that may be available to pay the costs thereof.  In the event that such grants or other moneys become available, the County will issue obligations in a principal amount less than the $3,000,000 amount authorized by this resolution, or pay down such obligations with the amount of such grants and other moneys.

TMP-5139

8.

BOND RESOLUTION OF THE COUNTY OF ALBANY, NEW YORK, ADOPTED FEBRUARY 13, 2023, AUTHORIZING THE ACQUISITION OF VEHICLES FOR THE DEPARTMENT OF GENERAL SERVICES, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $500,000, APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSUANCE OF $500,000 OF SERIAL BONDS OF SAID COUNTY TO FINANCE SAID APPROPRIATION.

No. 11 of 2023

The plan of finance contained in Section 1 of the Bond Resolution is amended and replaced to read as follows:  The plan of financing is described as follows:  (a) the issuance of an amount not to exceed $500,000 of serial bonds (and bond anticipation notes in anticipation of the issuance of such serial bonds) in such series and amounts as may be necessary to pay the cost thereof, but in no event in excess of $500,000 to pay the cost of the capital projects, (b) the receipt of various federal and state grants, and (c), subject to the discretion of the County, the application of moneys from the County’s General Fund or such other moneys of the County that may be available to pay the costs thereof.  In the event that such grants or other moneys become available, the County will issue obligations in a principal amount less than the $500,000 amount authorized by this resolution, or pay down such obligations with the amount of such grants and other moneys.

TMP-5140

9.

SUPPLEMENTAL BOND RESOLUTION DATED MARCH 13, 2023. A RESOLUTION AMENDING CERTAIN TERMS OF BOND RESOLUTION NO. 470 OF THE COUNTY OF ALBANY, NEW YORK, ADOPTED DECEMBER 7, 2020, AUTHORIZING THE VARIOUS CAPITAL PROJECTS FOR THE DEPARTMENT OF PUBLIC WORKS, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $14,711,000, APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSUANCE OF $14,711,000 OF SERIAL BONDS OF SAID COUNTY TO FINANCE SAID APPROPRIATION.

No. 64 of 2023

The plan of finance contained in Section 2 of the Bond Resolution is amended and replaced to read as follows:  The plan of financing is described as follows:  (a) the issuance of an amount not to exceed $8,741,000 of serial bonds (and bond anticipation notes in anticipation of the issuance of such serial bonds) in such series and amounts as may be necessary to pay the cost thereof, but in no event in excess of $8,741,000 to pay the cost of the capital projects, (b) the receipt of various federal and state grants, and (c), subject to the discretion of the County, the application of moneys from the County’s General Fund or such other moneys of the County that may be available to pay the costs thereof.  In the event that such grants or other moneys become available, the County will issue obligations in a principal amount less than the $8,741,000 amount authorized by this resolution, or pay down such obligations with the amount of such grants and other moneys. 

TMP 5154

10.

SUPPLEMENTAL BOND RESOLUTION DATED MARCH 13, 2023. A RESOLUTION AMENDING CERTAIN TERMS OF BOND RESOLUTION NO. 470 OF THE COUNTY OF ALBANY, NEW YORK, ADOPTED DECEMBER 7, 2020, AUTHORIZING THE VARIOUS CAPITAL PROJECTS FOR THE DEPARTMENT OF PUBLIC WORKS, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $14,711,000, APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSUANCE OF $14,711,000 OF SERIAL BONDS OF SAID COUNTY TO FINANCE SAID APPROPRIATION.

No. 64 of 2023

The plan of finance contained in Section 1 of the Bond Resolution is amended and replaced to read as follows:  The plan of financing is described as follows:  (a) the issuance of an amount not to exceed $4,350,000 of serial bonds (and bond anticipation notes in anticipation of the issuance of such serial bonds) in such series and amounts as may be necessary to pay the cost thereof, but in no event in excess of $4,350,000 to pay the cost of the capital projects, (b) the receipt of various federal and state grants, and (c), subject to the discretion of the County, the application of moneys from the County’s General Fund or such other moneys of the County that may be available to pay the costs thereof.  In the event that such grants or other moneys become available, the County will issue obligations in a principal amount less than the $4,350,000 amount authorized by this resolution, or pay down such obligations with the amount of such grants and other moneys.

TMP-5155

11.

BOND RESOLUTION OF THE COUNTY OF ALBANY, NEW YORK, ADOPTED MARCH 13, 2023, AUTHORIZING VARIOUS RECREATION FACILITY IMPROVEMENT PROJECTS, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $550,000, APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSUANCE OF $550,000 OF SERIAL BONDS OF SAID COUNTY TO FINANCE SAID APPROPRIATION.

No. 65 of 2023

The plan of finance contained in Section 1 of the Bond Resolution is amended and replaced to read as follows:  The plan of financing is described as follows:  (a) the issuance of an amount not to exceed $550,000 of serial bonds (and bond anticipation notes in anticipation of the issuance of such serial bonds) in such series and amounts as may be necessary to pay the cost thereof, but in no event in excess of $550,000 to pay the cost of the capital projects, (b) the receipt of various federal and state grants, and (c), subject to the discretion of the County, the application of moneys from the County’s General Fund or such other moneys of the County that may be available to pay the costs thereof.  In the event that such grants or other moneys become available, the County will issue obligations in a principal amount less than the $550,000 amount authorized by this resolution, or pay down such obligations with the amount of such grants and other moneys.

TMP-5153

12.

BOND RESOLUTION OF THE COUNTY OF ALBANY, NEW YORK, ADOPTED MARCH 13, 2023, AUTHORIZING VARIOUS CAPITAL IMPROVEMENTS FOR THE DEPARTMENT OF PUBLIC WORKS, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $8,798,000, APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSUANCE OF $8,798,000 OF SERIAL BONDS OF SAID COUNTY TO FINANCE SAID APPROPRIATION.

No. 66 of 2023

The plan of finance contained in Section 1 of the Bond Resolution is amended and replaced to read as follows:  The plan of financing is described as follows:  (a) the issuance of an amount not to exceed $1,553,000 of serial bonds (and bond anticipation notes in anticipation of the issuance of such serial bonds) in such series and amounts as may be necessary to pay the cost thereof, but in no event in excess of $1,553,000 to pay the cost of the capital projects, (b) the receipt of various federal and state grants, and (c), subject to the discretion of the County, the application of moneys from the County’s General Fund or such other moneys of the County that may be available to pay the costs thereof.  In the event that such grants or other moneys become available, the County will issue obligations in a principal amount less than the $1,553,000 amount authorized by this resolution, or pay down such obligations with the amount of such grants and other moneys.

TMP-5150

13.

BOND RESOLUTION OF THE COUNTY OF ALBANY, NEW YORK, ADOPTED MARCH 13, 2023, AUTHORIZING VARIOUS CAPITAL IMPROVEMENTS FOR THE DEPARTMENT OF PUBLIC WORKS, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $8,798,000, APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSUANCE OF $8,798,000 OF SERIAL BONDS OF SAID COUNTY TO FINANCE SAID APPROPRIATION.

No. 66 of 2023

The plan of finance contained in Section 2 of the Bond Resolution is amended and replaced to read as follows:  The plan of financing is described as follows:  (a) the issuance of an amount not to exceed $1,000,000 of serial bonds (and bond anticipation notes in anticipation of the issuance of such serial bonds) in such series and amounts as may be necessary to pay the cost thereof, but in no event in excess of $1,000,000 to pay the cost of the capital projects, (b) the receipt of various federal and state grants, and (c), subject to the discretion of the County, the application of moneys from the County’s General Fund or such other moneys of the County that may be available to pay the costs thereof.  In the event that such grants or other moneys become available, the County will issue obligations in a principal amount less than the $1,000,000 amount authorized by this resolution, or pay down such obligations with the amount of such grants and other moneys.

TMP-5156

14.

BOND RESOLUTION OF THE COUNTY OF ALBANY, NEW YORK, ADOPTED MARCH 13, 2023, AUTHORIZING VARIOUS CAPITAL IMPROVEMENTS FOR THE DEPARTMENT OF PUBLIC WORKS, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $8,798,000, APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSUANCE OF $8,798,000 OF SERIAL BONDS OF SAID COUNTY TO FINANCE SAID APPROPRIATION.

No. 66 of 2023

The plan of finance contained in Section 3 of the Bond Resolution is amended and replaced to read as follows:  The plan of financing is described as follows:  (a) the issuance of an amount not to exceed $1,250,000 of serial bonds (and bond anticipation notes in anticipation of the issuance of such serial bonds) in such series and amounts as may be necessary to pay the cost thereof, but in no event in excess of $1,250,000 to pay the cost of the capital projects, (b) the receipt of various federal and state grants, and (c), subject to the discretion of the County, the application of moneys from the County’s General Fund or such other moneys of the County that may be available to pay the costs thereof.  In the event that such grants or other moneys become available, the County will issue obligations in a principal amount less than the $1,250,000 amount authorized by this resolution, or pay down such obligations with the amount of such grants and other moneys.

TMP-5158

15.

BOND RESOLUTION OF THE COUNTY OF ALBANY, NEW YORK, ADOPTED MARCH 13, 2023, AUTHORIZING VARIOUS CAPITAL IMPROVEMENTS FOR THE DEPARTMENT OF PUBLIC WORKS, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $8,798,000, APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSUANCE OF $8,798,000 OF SERIAL BONDS OF SAID COUNTY TO FINANCE SAID APPROPRIATION.

No. 66 of 2023

The plan of finance contained in Section 4 of the Bond Resolution is amended and replaced to read as follows:  The plan of financing is described as follows:  (a) the issuance of an amount not to exceed $1,250,000 of serial bonds (and bond anticipation notes in anticipation of the issuance of such serial bonds) in such series and amounts as may be necessary to pay the cost thereof, but in no event in excess of $1,250,000 to pay the cost of the capital projects, (b) the receipt of various federal and state grants, and (c), subject to the discretion of the County, the application of moneys from the County’s General Fund or such other moneys of the County that may be available to pay the costs thereof.  In the event that such grants or other moneys become available, the County will issue obligations in a principal amount less than the $1,250,000 amount authorized by this resolution, or pay down such obligations with the amount of such grants and other moneys.

TMP-5148

16.

BOND RESOLUTION OF THE COUNTY OF ALBANY, NEW YORK, ADOPTED MARCH 13, 2023, AUTHORIZING VARIOUS CAPITAL IMPROVEMENTS FOR THE DEPARTMENT OF PUBLIC WORKS, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $8,798,000, APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSUANCE OF $8,798,000 OF SERIAL BONDS OF SAID COUNTY TO FINANCE SAID APPROPRIATION.

No. 66 of 2023

The plan of finance contained in Section 5 of the Bond Resolution is amended and replaced to read as follows:  The plan of financing is described as follows:  (a) the issuance of an amount not to exceed $1,450,000 of serial bonds (and bond anticipation notes in anticipation of the issuance of such serial bonds) in such series and amounts as may be necessary to pay the cost thereof, but in no event in excess of $1,450,000 to pay the cost of the capital projects, (b) the receipt of various federal and state grants, and (c), subject to the discretion of the County, the application of moneys from the County’s General Fund or such other moneys of the County that may be available to pay the costs thereof.  In the event that such grants or other moneys become available, the County will issue obligations in a principal amount less than the $1,450,000 amount authorized by this resolution, or pay down such obligations with the amount of such grants and other moneys.

TMP-5149

17.

BOND RESOLUTION OF THE COUNTY OF ALBANY, NEW YORK, ADOPTED MARCH 13, 2023, AUTHORIZING VARIOUS CAPITAL IMPROVEMENTS FOR THE DEPARTMENT OF PUBLIC WORKS, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $8,798,000, APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSUANCE OF $8,798,000 OF SERIAL BONDS OF SAID COUNTY TO FINANCE SAID APPROPRIATION.

No. 66 of 2023

The plan of finance contained in Section 6 of the Bond Resolution is amended and replaced to read as follows:  The plan of financing is described as follows:  (a) the issuance of an amount not to exceed $500,000 of serial bonds (and bond anticipation notes in anticipation of the issuance of such serial bonds) in such series and amounts as may be necessary to pay the cost thereof, but in no event in excess of $500,000 to pay the cost of the capital projects, (b) the receipt of various federal and state grants, and (c), subject to the discretion of the County, the application of moneys from the County’s General Fund or such other moneys of the County that may be available to pay the costs thereof.  In the event that such grants or other moneys become available, the County will issue obligations in a principal amount less than the $500,000 amount authorized by this resolution, or pay down such obligations with the amount of such grants and other moneys.

TMP-5157

18.

BOND RESOLUTION OF THE COUNTY OF ALBANY, NEW YORK, ADOPTED MARCH 13, 2023, AUTHORIZING VARIOUS CAPITAL IMPROVEMENTS FOR THE DEPARTMENT OF PUBLIC WORKS, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $8,798,000, APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSUANCE OF $8,798,000 OF SERIAL BONDS OF SAID COUNTY TO FINANCE SAID APPROPRIATION.

No. 66 of 2023

The plan of finance contained in Section 7 of the Bond Resolution is amended and replaced to read as follows:  The plan of financing is described as follows:  (a) the issuance of an amount not to exceed $1,545,000 of serial bonds (and bond anticipation notes in anticipation of the issuance of such serial bonds) in such series and amounts as may be necessary to pay the cost thereof, but in no event in excess of $1,545,000 to pay the cost of the capital projects, (b) the receipt of various federal and state grants, and (c), subject to the discretion of the County, the application of moneys from the County’s General Fund or such other moneys of the County that may be available to pay the costs thereof.  In the event that such grants or other moneys become available, the County will issue obligations in a principal amount less than the $1,545,000 amount authorized by this resolution, or pay down such obligations with the amount of such grants and other moneys.

TMP-5151

19.

BOND RESOLUTION OF THE COUNTY OF ALBANY, NEW YORK, ADOPTED MARCH 13, 2023, AUTHORIZING VARIOUS CAPITAL IMPROVEMENTS FOR THE DEPARTMENT OF PUBLIC WORKS, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $8,798,000, APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSUANCE OF $8,798,000 OF SERIAL BONDS OF SAID COUNTY TO FINANCE SAID APPROPRIATION.

No. 66 of 2023

The plan of finance contained in Section 8 of the Bond Resolution is amended and replaced to read as follows:  The plan of financing is described as follows:  (a) the issuance of an amount not to exceed $250,000 of serial bonds (and bond anticipation notes in anticipation of the issuance of such serial bonds) in such series and amounts as may be necessary to pay the cost thereof, but in no event in excess of $250,000 to pay the cost of the capital projects, (b) the receipt of various federal and state grants, and (c), subject to the discretion of the County, the application of moneys from the County’s General Fund or such other moneys of the County that may be available to pay the costs thereof.  In the event that such grants or other moneys become available, the County will issue obligations in a principal amount less than the $250,000 amount authorized by this resolution, or pay down such obligations with the amount of such grants and other moneys.

TMP-5152

20.

BOND RESOLUTION OF THE COUNTY OF ALBANY, NEW YORK, ADOPTED MARCH 14, 2022, AUTHORIZING VARIOUS CAPITAL IMPROVEMENTS FOR THE DEPARTMENT OF PUBLIC WORKS, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $10,820,000, APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSUANCE OF $10,820,000 OF SERIAL BONDS OF SAID COUNTY TO FINANCE SAID APPROPRIATION.

No. 93 of 2022

The plan of finance contained in Section 1 of the Bond Resolution is amended and replaced to read as follows:  The plan of financing is described as follows:  (a) the issuance of an amount not to exceed $3,420,000 of serial bonds (and bond anticipation notes in anticipation of the issuance of such serial bonds) in such series and amounts as may be necessary to pay the cost thereof, but in no event in excess of $3,420,000 to pay the cost of the capital projects, (b) the receipt of various federal and state grants, and (c), subject to the discretion of the County, the application of moneys from the County’s General Fund or such other moneys of the County that may be available to pay the costs thereof.  In the event that such grants or other moneys become available, the County will issue obligations in a principal amount less than the $3,420,000 amount authorized by this resolution, or pay down such obligations with the amount of such grants and other moneys.

TMP-5172