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Home My WebLink AboutTB-06/07/1967-S 3 SPECIAL MEETING OF JUNE 7 , 1967 WE, the undersigned; being .members of the Town 'Board of the Town of South- old, Suffolk County, New York, do hereby severally waive notice of - the ; time, place and. purpose of the meeting of the Town .Board to be held . at 16 South Street, Greenport, .New York, in the Town of Southold, on Wednes- day, June 7 , 1967 , and do hereby consent. that the same be held 'on said date for the transaction of any business which may properly come before said meeting. Dated.: June 7, , 1967 . : . Lester -M. Albertson, Supervisor Southold, .-New. York Howard C. Valentine, .- Councilman Louis M. Demarest, Councilman Ralph. W. Tuthill, Justice of Peace S E A L Henry A. Clark, Justice of Peace. -E. Perry Edwards Justice of -Peace Albert W. Richmond, Town Clerk A special--.meeting of the, Southold Town Board was held at the offige of the Supervisor, Lester M. Albertson, 16 South Street, Greenport, N.Y. . on June 7 , 1967 , the members of the Board having waived notice of the time, place and purpose of the meeting. j-The.-meeting .was called tq order by , Supervisor -Lester M. Albertson- at 9:00 A.M. :- Moved by Councilman Demarest; seconded-by Justice Clark; WHEREAS,, Southold Legion G.T.G. post #803, Southold;.. N.Y, applied to the Town Clerk for a Bingo License; and WHEREAS, the Town' Board has examined the application and after inyestig- ation duly,imade findings and determinations as required by law, . NOW, THEREFORE, BE IT RESOLVED: That the Supervisor be and he hereby is . authorized and directed to execute on behalf of the Town Board thq findings and determinations as required by -law, . and it is further RESOLVED: That the Town Clerk be and he hereby is directed to ,issue a. Bingo License to the Southold American Legion G.T.G. Post #803 , Southgld, New York. . Vote of -Town Boar.d: -Ayes-Supervisor -Albertson; .Counci lmen Demarest and Valentine; Justices Tuthill and Clark. Moved by Justice Clark; seconded by Justice .Tuthill; RESOLVED: That the Southold :Town. Board approves the action of the Fishers Island Ferry District in the leasing. of the Airport at Fishers Island, N.Y. to the Fishers Island Airways, a division of Montauk Caribbean Airways, INC. under the following terms : The terms of said agreement provide that. said airport will be opegated by the said .Fishers Island Airways for a term of five (5) years commencing on June 1, 1967 , and that the said Fishers Island Airways will pay to the , Fishers 'Island Ferry District the annual sum of $1, 000.00 for th,e ,first year; $1, 200.00 for the. second .year; $1,400. 00 for the third year; $1, 600.00 for the fourth year and $1, 800.00 for the fifth-:year; said agreement further- provides that the same may be terminated by either party 14pon. six months notice to the other; that the said Fishers Island Airways shall maintain said airport; . shall provide an attendant during the months of June to September in the first. year; shall base an aircraft and pilot at said airport after the first year; shall be . authorized to provide flight instruction, aircraft maintenance and repair., and air taxi . service both scheduled and-. non-scheduled; shall provide emergency transportation .t,o sick and/or injured persons at no cost; and shall be authorized to, collect landing fees and parking fees. Vote of Town Board: Ayes-Supervisor Albertson; Councilmen Demarest anc . Valentine; Justices. Tuthill and Clark. Moved by Councilman Demarest; seconded by Justice Tuthill; RESOLUTION OF THE TOWN OF SOUTHOLD, . NEW YORK, ADOPTED. JUNE. 7 , 1967, AUTHORIZING THE .REDEMPTION, IN PART, OF A . $63, 000 BOND ANTICIPATION NOTE FOR LAND ACQUISITION-1966 TO THE EXTENT OF $12, 000. AND APPROPRIATING SAID AMOUNT THEREFOR. RECITAL WHEREAS, the Town of Southold, (herein called "TOWN") , in the County of. Suffolk New York, has heretofore duly authorized, sold and issued its - 1 $63, 000 Bond Anticipation Note for Land Acquisition-1966, and it is now _ 389 desirable ' to redeem said Note to the extent of $12, 000 from a source other than the proceeds -of the bonds in anticipation of which said Note has :been issued; NOW, THEREFORE, BE IT RESOLVED BY THE TOWN BOARD OF THE TOWN OF SOUTHOLD IN THE COUNTY OF SUFFOLK, NEW YORK, AS FOLLOWS : Section 1: The $63, 000 Bond Anticipation Note For Land Acquis- ition-1966 of the Town, hereinabove referred to in the Recital of .this resolution, is hereby authorized to be redeemed on or before June 7 , 196.7 to .the extent .of $12, 000 from funds of the Town now available to said purpose, said funds being a source other than the proceeds of the bond in anticipation of which said Note was issued, and the said amount of •$12 , 000 is hereby appropriated therefor. Section 2. This resolution shall take effect immediately. Section 1. The $63, 000 Bond Anticipation Note For Land Acquis- ition-1966 of the Town, dated June 7 , 1966, maturing June 7 , 1967, sub- ject to prior redemption, numbered 1, heretofore duly authorized, sold and issued pursuant to the bond anticipation note resolution duly adopted by the Town Board of said Town on June 7 , 1966 and the Certificate .of Determination executed by the Supervisor on June 7 , 1966, is hereby authorized to be renewed, in part, by the issuance of a new Note in the principal amount of $51, 000, .said Note dated June. 7 , . 1966, having been heretofore duly authorized to be redeemed from a source other than the proceeds of the bonds in anticipation of which said Note -has been issued, to the extent of $12 , 000, all as hereinabove referred to in the Recital hereof, pursuant to the provisions of the Local Finance Law, constituting Chapter 33-a of the Consolidated Laws of the State of New York (herein called "Law") . The maturity of said renewal Note herein authorized shall not be later than one year from its date, and said Note may be further renewed pursuant to the provisions of the Law. Section 2. The terms, form and details of said renewal Note shall be as' follows : Amount and Title: $51, 000 Bond Anticipation Note For Land Acquisition-1967 Dated: June 7 , 1967 Matures : June 7 , 1968, subject to prior redemption No. . R-1 Denomination: $51, 000 Interest Rate: 2-3/4% per annum, payable at maturity Place of payment of principal and interest: Supervisor 's Office, Greenport, New York. Form of Note: Substantially in accordance with form prescribed by Schedule B. , 2 of the Local Finance Law of the State of New York Vote of Town Board: Ayes-Supervisor Albertson; Councilmen Demarest and Valentine; Justi-ces Tuthill and Clark. Moved by Councilman Demarest; seconded by Justice Tuthill; BOND ANTICIPATION NOTE RESOLUTION OF THE TOWN OF SOUTHOLD, NEW YORK, ADOPTED JUNE 7, 1967 , AUTHORIZING THE RE- NEWAL, IN PART, OF THE $63, 000 BOND ANTICIPATION NOTE FOR LAND ACQUISITION-1966, BY THE ISSUANCE OF A NEW NOTE IN THE PRINCIPAL AMOUNT OF $51, 000. RECITAL WHEREAS, the Town of Southold (herein called "Town") , in the County of Suffolk, New York, has heretofore duly authorized, sold and issued its $63, 000 Bond Anticipation Note For Land Acquisition-1966 and has duly authorized the redemption of the Note to the extent of $12, 000 and it is now necessary and desirable to provide for the renewal, in part, of said Note by issuance of a new Note in the principal amount of $51, 000; NOW, THEREFORE, BE IT RESOLVED BY THE TOWN BOARD OF THE TOWN OF SOUTHOLD, IN THE COUNTY OF SUFFOLK, NEW YORK, AS FOLLOWS : Section 3. Said Note is hereby sold to the SECURITY NATIONAL BANK OF LONG ISLINND, Riverhead, New York, at the price of $51, 000, to bear interest at the rate of two and three-quarters per centum (2-3/4%) per annum payable at maturity, and the Supervisor is hereby authorized to deliver said Note to said purchaser upon receipt of the purchase price, plus accrued interest, if any, from the date of said Note to the date .of :delivery. , Section 4. Said Note shall contain the recital of validity prescribed by Section 52.00 of the Law and shall be a general obligation of the Town, payable as to both principal and interest by, a general tax upon all the taxable real. property within the Town, without limitation of rate or amount. The faith and credit of the Town are hereby irrevocably pledged to the punctual payment of the principal of and interest on said Note and provisions shall be made in the budget of the Town by a.ppropriation for the redemption of the Note to mature in such year and for the payment of interest to be due in such year. Section 5. Said Note shall be executed in the name of the Town by the Supervisor and ,the corporate seal of. said Town shall be affixed thereto and attested by its Town Clerk. Section 6. This resolution shall take effect immediately. Vote of Town Board: Ayes-Supervisor Albertson; Councilmen Demarest and Valentine; Justices . Tuthill and Clark. : Adjournment. Albert W. Richmond Town Clerk