PUBLIC NOTICE & SUMMARY OF BOND RESOLUTION
When:NOTICE AND SUMMARY OF BOND RESOLUTION
The resolution, a summary of which is published herewith, has been adopted on the 5th day of March, 2025, and the validity of the obligations authorized by such resolution may be hereafter contested only if such obligations were authorized for an object or purpose for which the Village of Great Neck Plaza, in the County of Nassau, New York, is not authorized to expend money or if the provisions of law which should have been complied with as of the date of publication of this Notice were not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the publication of this Notice, or such obligations were authorized in violation of the provisions of the constitution.
Patricia O’Byrne Village Clerk
BOND RESOLUTION OF THE VILLAGE OF GREAT NECK PLAZA, NEW YORK, ADOPTED MARCH 5, 2025, AUTHORIZING THE ISSUANCE OF BONDS IN A PRINCIPAL AMOUNT NOT TO EXCEED $2,100,000 TO FINANCE THE CONSTRUCTION OF PARKING GARAGE IMPROVEMENTS, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $8,700,000; APPROPRIATING $2,100,000 IN ADDITION TO THE $6,600,000 HERETOFORE APPROPRIATED FOR SUCH PURPOSE
The object or purpose for which the bonds are authorized is the construction of improvements to Village-owned parking garages, including security camera enhancements, at the estimated maximum cost of $8,700,000.
The period of probable usefulness of the bonds is twenty-five (25) years, however, the bonds authorized pursuant to this resolution and any bond anticipation notes issued in anticipation of the sale of said bonds, shall mature no later than five (5) years after the date of original issuance of said bonds or notes.
The amount of obligations to be issued is $2,100,000, in addition to the $6,600,000 bonds heretofore authorized and issued.
A complete copy of the bond resolution summarized above shall be available for public inspection during normal business hours at the office of the Village Clerk, Village Hall, Two Gussack Plaza, Great Neck, New York.