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Town of New Windsor Press Releases

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Notice of Adopted Bond Resolution - $400K for Paving of Parks & Cemetery

Notice of Adopted Bond Resolution - $400K for Paving of Parks  & Cemetery - see attachments section for PDF version.

PLEASE TAKE NOTICE that on March 4, 2026, the Town Board of the Town of New
Windsor, in the County of Orange, New York, adopted a bond resolution entitled:

“Bond Resolution of the Town of New Windsor, New York, adopted
March 4, 2026, authorizing the issuance of bonds in a principal
amount not to exceed $400,000 to finance the paving of parking lots
at Kristi Babcock Park and San Giacomo Park and roadways in
Woodlawn Cemetery, stating the estimated maximum cost thereof is
$400,000 and appropriating said amount for such purpose,”

an abstract of which bond resolution concisely stating the purpose and effect thereof, being as follows:

FIRST: AUTHORIZING the Town of New Windsor, New York to issue bonds in a
principal amount not to exceed $400,000 pursuant to the Local Finance Law of the State of New York, to
finance the paving of parking lots at Kristi Babcock Park and San Giacomo Park ($200,000 in aggregate)
and roadways in Woodlawn Cemetery ($200,000). The total estimated maximum cost thereof, including
preliminary costs and costs incidental thereto and the financing thereof, is $400,000 and said amount is
hereby appropriated for such purpose;

SECOND: STATING that the estimated maximum cost thereof, including preliminary
costs and costs incidental thereto and the financing thereof, is $400,000; appropriating said amount for such
purpose; and STATING that the plan of financing includes the issuance of bonds in a principal amount not
to exceed $400,000 to finance said appropriation, and the levy and collection of taxes on all the taxable real
property in the Town to pay the principal of said bonds and the interest thereon as the same shall become
due and payable;

THIRD: DETERMINING and STATING that the period of probable usefulness applicable
to the object or purpose for which said bonds are authorized to be issued is ten (10) years; the proceeds of
said bonds and any bond anticipation notes issued in anticipation thereof may be applied to reimburse the
Town for expenditures made after the effective date of this bond resolution for the purposes for which said
bonds are authorized; and the proposed maturity of said bonds will exceed five (5) years;

FOURTH: DETERMINING that said bonds and any bond anticipation notes issued in
anticipation of said bonds and the renewals of said bond anticipation notes shall be general obligations of
the Town; and PLEDGING to their payment the faith and credit of the Town;

FIFTH: DELEGATING to the Supervisor the powers and duties as to the issuance of said
bonds and any bond anticipation notes issued in anticipation of said bonds, or the renewals thereof; and

SIXTH: STATING the conditions under which the validity of the bonds and any notes
issued in anticipation thereof may be contested; and

SEVENTH: DETERMINING that the bond resolution is subject to a permissive
referendum.

DATED: March 4, 2026
Patricia A. Clarino
Town Clerk



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