Village of Ellicottville, New York

PLEASE TAKE NOTICE that on March 31, 2025, the Board of Trustees of the Village of Ellicottville, in the County of Cattaraugus, New York, adopted a resolution amending the bond resolution adopted by said Board of Trustees on December 28, 2023, which bond resolution, as amended, is entitled: “Bond Resolution of the Village of Ellicottville, New York, adopted December 28, 2023 and amended March 31, 2025, authorizing the issuance of bonds in a principal amount not to exceed $240,000 to finance the Village’s share of the cost of construction of a new downtown parking lot, stating the estimated maximum cost thereof is $1,040,000, appropriating Village funds in the amount of $240,000 for the Village’s share of said cost, and stating that the $800,000 balance of said cost shall be funded by the Cattaraugus County Industrial Development Agency,” an abstract of such bond resolution, concisely stating the purpose and effect thereof, being as follows: FIRST: AUTHORIZING the Village of Ellicottville, New York to issue bonds in a principal amount not to exceed $240,000 pursuant to the Local Finance Law of the State of New York, to finance the Village’s share of cost of construction of a new downtown parking lot; SECOND: STATING that the estimated maximum cost thereof, including preliminary costs and costs incidental thereto and the financing thereof, is $1,040,000; APPROPRIATING Village funds in the amount of $240,000 for the Village’s share of said cost; STATING that the $800,000 balance of said cost shall be funded by the Cattaraugus County Industrial Development Agency; and STATING that the plan of financing includes the issuance of bonds of the Village in the principal amount of $240,000 to finance the Village’s share of said cost and the levy and collection of taxes on all the taxable real property in the Village to pay the principal of said bonds and the interest thereon as the same shall become due and payable; THIRD: DETERMINING and STATING the period of probable usefulness applicable to the 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 Village for expenditures made after the effective date of this bond resolution for the purpose 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 Village; and PLEDGING to their payment the faith and credit of the Village; FIFTH: DELEGATING to the Village Treasurer 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 31, 2025, Amy Hayward Village Clerk.