RESOLUTION NO. 357
RESOLUTION OF THE COUNTY OF ALBANY, NEW YORK, PURSUANT TO SECTION 41.00 OF THE LOCAL FINANCE LAW, REPEALING, IN WHOLE OR IN PART, VARIOUS PARTIALLY UNISSUED BOND AUTHORIZATIONS OF CERTAIN BOND RESOLUTIONS OF SAID COUNTY, WHICH AUTHORIZED THE ISSUANCE OF BONDS TO FINANCE VARIOUS IMPROVEMENTS IN AND FOR THE COUNTY
Introduced: 9/8/25
By Audit and Finance Committee:
Recitals
WHEREAS, the County Legislature of the County of Albany, New York (the "County"), has heretofore adopted certain bond resolutions on their respective dates, authorizing the issuance of bonds to finance various projects in and for the County; and
WHEREAS, the County Legislature has determined that no additional bonds shall be hereafter issued pursuant to certain bond resolutions and it is therefore in the best interests of the County to repeal portions of said certain bond authorizations;
NOW, THEREFORE, THE COUNTY LEGISLATURE OF THE COUNTY OF ALBANY, NEW YORK, HEREBY RESOLVES AS FOLLOWS:
Section 1. (a) On December 5, 2016, the County Legislature of the County of Albany, New York (the "County") duly adopted Resolution No. 547, entitled:
"Bond Resolution of the County of Albany, New York, authorizing various capital improvements for the Department of Public Works, stating the estimated maximum cost thereof is $3,052,000, appropriating said amount therefor, and authorizing the issuance of $3,052,000 of serial bonds of said County to finance and appropriation,"
and the County thereafter issued bonds and/or notes in the aggregate principal amount of $3,050,034 pursuant to said bond resolution. The authority to issue any additional bonds or notes pursuant to said bond resolution is hereby rescinded to the extent of the authorized but unissued indebtedness in the amount of $1,966 available pursuant to said bond resolution as of the date hereof.
(b) On February 11, 2019, the County Legislatur...
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