2025-1392025-139
A Resolution Authorizing, Subject To Permissive Referendum, The Issuance Of $2,300,000 Bonds Of The
Town Of Wappinger, Dutchess County, New York, To Pay The Cost Of The Reconstruction And
Resurfacing Of Various Roads Throughout And In And For Said Town.
At a Regular Meeting of the Town Board of the Town of Wappinger, Dutchess County, New York, held
at Town Hall, 20 Middlebush Road, Wappingers Falls, New York, on August 11, 2025.
The meeting was called to order by Joseph D. Cavaccini, Town Supervisor, and upon roll being called,
the following was recorded:
✓ Vote Record - Resolution RES -2025-139
Yes/Aye
No/Nay
Abstain
Absent
Q Adopted
❑ Adopted as Amended
Joseph D. Cavaccini
Voter
Q
❑
❑
❑
❑ Defeated
William H. Beale
Voter
2
❑
❑
❑
❑ Tabled
Angela Bettina
Voter
❑
❑
❑
Q
❑ Withdrawn
Christopher Phillips
Mover
Q
❑
❑
❑
Al Casella
Seconder
Q
❑
❑
❑
The following Resolution was introduced by Councilman Phillips and seconded by Casella.
WHEREAS, the capital project hereinafter described, as proposed, has been determined to be a Type II
Action pursuant to the regulations of the New York State Department of Environmental Conservation
promulgated pursuant to the State Environmental Quality Review Act, which regulations state that Type II
Actions will not have any adverse significant effects on the environment; and
WHEREAS, it is now desired to authorize the financing of such capital project, NOW, THEREFORE,
BE IT RESOLVED, by the Town Board of the Town of Wappinger, Dutchess County, New York, as
follows:
Section 1. The reconstruction and resurfacing of various roads throughout and in and for the Town of
Wappinger, Dutchess County, New York, including drainage, sidewalks, curbs, gutters, landscaping, grading or
improving rights-of-way, as well as other incidental improvements and expenses in connection therewith, is
hereby authorized at a maximum estimated cost of $2,300,000.
Section 2. The plan for the financing of the aforesaid maximum estimated cost is by the issuance of not
to exceed $2,300,000 bonds of said Town, hereby authorized to be issued therefor pursuant to the provisions of
the Local Finance Law.
Section 3. It is hereby determined that the period of probable usefulness of the aforesaid class of objects
or purposes is fifteen years, pursuant to subdivision 20(c) of paragraph a of Section 11.00 of the Local Finance
Law. It is hereby further determined that the maximum maturity of the serial bonds herein authorized will
exceed five years.
Section 4. The faith and credit of said Town of Wappinger, Dutchess County, New York, are hereby
irrevocably pledged for the payment of the principal of and interest on such bonds as the same respectively
become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of
and interest on such bonds becoming due and payable in such year. There shall annually be levied on all the
taxable real property in said Town, a tax sufficient to pay the principal of and interest on such bonds as the same
become due and payable.
Section 5. Subject to the provisions of the Local Finance Law, the power to authorize the issuance of
and to sell bond anticipation notes in anticipation of the issuance and sale of the bonds herein authorized,
including renewals of such notes, is hereby delegated to the Supervisor of said Town, the chief fiscal officer.
Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by
said Supervisor, consistent with the provisions of the Local Finance Law.
Section 6. All other matters except as provided herein relating to the bonds herein authorized including
the date, denominations, maturities and interest payment dates, within the limitations prescribed herein and the
manner of execution of the same, including the consolidation with other issues, and also the ability to issue
bonds with substantially level or declining annual debt service, shall be determined by the Supervisor, the chief
fiscal officer of such Town. Such bonds shall contain substantially the recital of validity clause provided for in
Section 52.00 of the Local Finance Law, and shall otherwise be in such form and contain such recitals, in
addition to those required by Section 51.00 of the Local Finance Law, as the Supervisor shall determine
consistent with the provisions of the Local Finance Law.
Section 7. The validity of such bonds and bond anticipation notes may be contested only if:
1) Such obligations are authorized for an object or purpose for which said Town is not authorized to
expend money, or
2) The provisions of law which should be complied with at the date of publication of this resolution
are not substantially complied with,
and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of
such publication, or
3) Such obligations are authorized in violation of the provisions of the Constitution.
Section 8. This resolution shall constitute a statement of official intent for purposes of Treasury
Regulations Section 1.150-2. Other than as specified in this resolution, no monies are, or are reasonably
expected to be, reserved, allocated on a long-term basis, or otherwise set aside with respect to the permanent
funding of the object or purpose described herein.
Section 9. Upon this resolution taking effect, the same shall be published in full or summary form in the
official newspaper of said Town for such purpose, together with a notice of the Town Clerk in substantially the
form provided in Section 81.00 of the Local Finance Law.
Section 10. THIS RESOLUTION IS ADOPTED SUBJECT TO PERMISSIVE REFERENDUM.
The foregoing was put to a vote which resulted as follows:
RESULT: ADOPTED [UNANIMOUS]
MOVER: Christopher Phillips, Councilman
SECONDER: Al Casella, Councilman
AYES: Joseph D. Cavaccini, William H. Beale, Christopher Phillips, Al Casella
ABSENT: Angela Bettina
Dated: Wappingers Falls, New York
8/11/2025
The Resolution is hereby duly declared Adopted.
JOSXPI P.-PAOLONI, TOWN CLERK