RESOLUTION NO. 686
BOND RESOLUTION OF THE COUNTY OF ALBANY, NEW YORK, AUTHORIZING PURCHASING FOOD SERVICE CAF? AND DISTRIBUTION EQUIPMENT FOR SHAKER PLACE REHABILITATION AND NURSING CENTER ("SPRNC") AND CONVERTING EMPLOYEE DINING AREA TO A MULTI-USE CAF? WITH EQUIPMENT TO PREPARE, STORE, AND SELL FOOD TO STAFF AT SPRNC, 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
Introduced: 11/12/24
By Audit and Finance Committee:
THE COUNTY LEGISLATURE OF THE COUNTY OF ALBANY, NEW YORK, HEREBY RESOLVES AS FOLLOWS:
Section 1. The County of Albany, New York (the "County") is hereby authorized to undertake a capital project for Shaker Place Rehabilitation and Nursing Center ("SPRNC"), which shall include purchasing food service caf? and distribution equipment and converting employee dining area to a multi-use caf? with equipment to prepare, store, and sell food to staff at SPRNC, as further described in the County's 2025-2029 Capital Program, as amended and supplemented (hereinafter referred to as the "Capital Program"). The estimated maximum cost of said specific object or purpose, including preliminary costs and costs incidental thereto and the financing thereof (including the costs relating to the issuance of the obligations authorized by this resolution), is an amount not to exceed $500,000 and said amount is hereby appropriated therefor. 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/or (c), subject to the discretion of the County, the application of mon...
Click here for full text