NOTICE OF BOND RESOLUTION

TOWN OF GRAND ISLAND

NOTICE IS HEREBY GIVEN that a bond resolution, a summary of which is published herewith, has been adopted by the Town Board of the Town of Grand Island, County of Erie, on November 3, 2008 and the validity of the obligations authorized by such resolution may be hereafter contested only if:

(1)            (a)            such obligations were authorized for an object or purpose for which the Town of Grand Island is not authorized to expend money or

(b)         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 date of publication of this notice; or

(2)            such obligations were authorized in violation of the provisions of the Constitution of New York.

SUMMARY OF RESOLUTION

The following is a summary of a bond resolution adopted by the Town Board of the Town of Grand Island on November 3, 2008.  Said resolution authorizes the issuance and sale of a serial bond or bonds and a bond anticipation note or notes in anticipation of the issuance and sale of said serial bonds, in an amount not to exceed $2,303,000, offset by any federal, state, county and/or local funds received.  The improvements include, but are not limited to, the installation of approximately 2,500 feet of 16-inch diameter waterline from the plant discharge to Baseline Road and then to Bush Road, the upgrade of tube settlers for the existing concrete coagulation basins at the old side of the water treatment plant and the replacement of the existing accelator with new concrete sedimentation basins and a new tube settler train located in a new building addition, all of the forgoing to include all necessary site work, equipment, apparatus and other improvements and all preliminary costs and costs incidental thereto, will be paid for by the issuance of serial bonds in that amount.  The proceeds from the sale of the obligations authorized in said resolution shall be used for the specific purpose of constructing the Increase and Improvement of Facilities of the Town of Grand Island Water District.  The period of probable usefulness for said purpose is 40 years.  A copy of the resolution summarized herein is available for public inspection during normal business hours at the Office of the Town Clerk, located in the Town Hall, 2255 Baseline Road, Grand Island, New York.

Patricia A. Frentzel

Town Clerk

Publish November 14, 2008