File #: 24-301    Version: 1 Name:
Type: Resolution Status: Passed
File created: 3/26/2024 In control: Audit and Finance Committee
On agenda: Final action: 5/13/2024
Title: SUPPLEMENTAL BOND RESOLUTION DATED MAY 13, 2024. A RESOLUTION AMENDING CERTAIN TERMS OF BOND RESOLUTION NO. 161 OF THE COUNTY OF ALBANY, NEW YORK, ADOPTED MARCH 11, 2024, AUTHORIZING IMPROVEMENTS TO THE SHAKER PLACE GARAGE AND PARKING LOT EXTENSION, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $9,295,000, APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSUANCE OF $4,647,500 OF SERIAL BONDS OF SAID COUNTY TO FINANCE A PORTION OF SAID APPROPRIATION
Sponsors: Audit and Finance Committee
Attachments: 1. Cover Letter 5326, 2. RLA Form 5326, 3. Reso 161 of 2024, 4. 24-301 AF - TMP-5326 - SUPPLEMENTAL BOND RESOLUTION RE SHAKER PLACE GARAGE AND PARKING LOT PROJECT - 2024 - $11,295,000
RESOLUTION NO. 301

SUPPLEMENTAL BOND RESOLUTION DATED MAY 13, 2024. A RESOLUTION AMENDING CERTAIN TERMS OF BOND RESOLUTION NO. 161 OF THE COUNTY OF ALBANY, NEW YORK, ADOPTED MARCH 11, 2024, AUTHORIZING IMPROVEMENTS TO THE SHAKER PLACE GARAGE AND PARKING LOT EXTENSION, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $9,295,000, APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSUANCE OF $4,647,500 OF SERIAL BONDS OF SAID COUNTY TO FINANCE A PORTION OF SAID APPROPRIATION

Introduced: 5/13/24
By Audit and Finance Committee:

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

WHEREAS, on December 4, 2023, the County Legislature of the County of Albany, New York adopted the Bond Resolution No. 589 of 2023 entitled:

BOND RESOLUTION OF THE COUNTY OF ALBANY, NEW YORK AUTHORIZING IMPROVEMENTS TO THE SHAKER PLACE GARAGE AND PARKING LOT EXTENSION, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $9,295,000, APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSUANCE OF $4,647,500 OF SERIAL BONDS OF SAID COUNTY TO FINANCE A PORTION OF SAID APPROPRIATION.

(the "Bond Resolution"); and

WHEREAS, on March 11, 2024, the County Legislature of the County of Albany, New York adopted the Supplemental Bond Resolution No. 161 of 2024 entitled:

SUPPLEMENTAL BOND RESOLUTION DATED MARCH 11, 2024. A RESOLUTION AMENDING CERTAIN TERMS OF BOND RESOLUTION NO. 589 OF THE COUNTY OF ALBANY, NEW YORK, ADOPTED DECEMBER 4, 2023, AUTHORIZING IMPROVEMENTS TO THE SHAKER PLACE GARAGE AND PARKING LOT EXTENSION, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $9,295,000, APPROPRIATING SAID AMOUNT THEREFOR, AND AUTHORIZING THE ISSUANCE OF $4,647,500 OF SERIAL BONDS OF SAID COUNTY TO FINANCE A PORTION OF SAID APPROPRIATION.

(the "Supplemental Bond Resolution"); and

WHEREAS, on the date the County Legislature adopted the Supplemental Bond Resolution the maximum estimated cost of the undertaking of the project descri...

Click here for full text