RESOLUTION NO. 315
OMNIBUS RESOLUTION DATED MAY 13, 2024, A RESOLUTION RESCINDING CERTAIN PRIOR BOND RESOLUTIONS ADOPTED BY THE COUNTY OF ALBANY, NEW YORK
Introduced: 5/13/24
By Audit and Finance Committee:
THE COUNTY LEGISLATURE OF THE COUNTY OF ALBANY, NEW YORK, HEREBY RESOLVES AS FOLLOWS:
WHEREAS, The County Legislature has adopted the bond resolutions described on Schedule A attached for the purposes of financing the undertaking of certain capital projects (collectively, the "Bond Resolutions"); and
WHEREAS, The County Legislature does not intend to move forward with the issuance of bonds and/or notes as authorized by the Bond Resolutions, and therefore, the County Legislature desires to rescind the Bond Resolutions (or portions thereof) as permitted under the Local Finance Law;
NOW, THEREFORE, BE IT RESOLVED, By the County Legislature of the County of Albany, New York, as follows:
SECTION 1. The Bond Resolutions (or portions thereof) described on Schedule A to this resolution are hereby rescinded.
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. This resolution shall take effect immediately.
No.
Resolution Title
Resolution
Number
Portion of Resolution Rescinded
Project No.
1.
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
Section 3 (pertaining to loading dock project) to be rescinded.
TMP - 5143
2.
BOND RESOLUTION OF THE COUNTY OF ALBANY, NEW YORK, ADOPTED DECEMBER 7, 2020, AUTHORIZIN...
Click here for full text