Present: Mayor Trinks, Deputy Mayor Curtis, Councilor
Dean, Councilor Ellingwood, Councilor Jepsen, Councilor
Mulligan, Councilor Simon and Councilor Walker
Mayor Trinks called the Public Hearing to order at
7:05 p.m. on the following bond ordinances:
A. Bond ordinance in the amount of
$340,000 for Public Infrastructure Improvements
between Day Hill Road and Great Pond Drive
None.
AN ORDINANCE APPROPRIATING $340,000 FOR
CONSTRUCTION OF A FIRE LANE AND INSTALLATION OF SEWER
AND WATER LINE EXTENSIONS FROM DAY HILL ROAD TO GREAT
POND DRIVE TO SERVE THE 235 GREAT POND DRIVE, 175
GREAT POND DRIVE AND 2195 DAY HILL ROAD PROPERTIES AND
RELATED IMPROVEMENTS, AND AUTHORIZING THE ISSUE OF
$340,000 BONDS AND NOTES TO FINANCE THE APPROPRIATION
BE IT HEREBY ORDAINED,
Section 1. That the Town of Windsor
appropriate THREE HUNDRED FORTY THOUSAND DOLLARS
($340,000) for design, construction and installation
costs in connection with the construction of a fire
lane and the installation of sewer and water line
extensions in an easement or other interest in land
running from Day Hill Road to Great Pond Drive across
the property known as 235 Great Pond Drive to be
donated to the Town by the owner of said property,
said Town improvements to serve the 235 Great Pond
Drive, 175 Great Pond Drive and 2195 Day Hill Road
properties; and related improvements including but not
limited to storm drainage. The appropriation may be
spent for design and construction costs, equipment,
materials, engineering fees, administrative costs,
printing, legal fees, net interest on borrowings and
other financing costs, and other expenses related to
the project. The Town Engineer is authorized to
determine the scope and particulars of the project.
Section 2. That the Town issue
bonds or notes in an amount not to exceed THREE
HUNDRED FORTY THOUSAND DOLLARS ($340,000) to finance
the appropriation for the project. The amount of bonds
or notes authorized to be issued shall be reduced by
the amount of grants received by the Town for the
project. The bonds or notes shall be issued pursuant
to Section 7-369 of the General Statutes of
Connecticut, Revision of 1958, as amended, and any
other enabling acts. The bonds or notes shall be
general obligations of the Town secured by the
irrevocable pledge of the full faith and credit of the
Town.
Section 3. That the Town issue and
renew temporary notes from time to time in
anticipation of the receipt of the proceeds from the
sale of the bonds or notes for the project. The amount
of the notes outstanding at any time shall not exceed
THREE HUNDRED FORTY THOUSAND DOLLARS ($340,000). The
notes shall be issued pursuant to Section 7-378 of the
General Statutes of Connecticut, Revision of 1958, as
amended. The notes shall be general obligations of the
Town and shall be secured by the irrevocable pledge of
the full faith and credit of the Town. The Town shall
comply with the provisions of Section 7-378a of the
General Statutes if the notes do not mature within the
time permitted by said Section 7-378.
Section 4. That the Town Manager
and either the Treasurer or the Director of Finance of
the Town shall sign any bonds or notes by their manual
or facsimile signatures. The Director of Finance shall
keep a record of the bonds and notes. The law firm of
Day, Berry & Howard LLP is designated as bond
counsel to approve the legality of the bonds or notes.
The Town Manager and either the Treasurer or the
Director of Finance are authorized to determine the
amounts, dates, interest rates, maturities, redemption
provisions, form and other details of the bonds or
notes; to designate one or more banks or trust
companies to be certifying bank, registrar, transfer
agent and paying agent for the bonds or notes; to
provide for the keeping of a record of the bonds or
notes; to designate a financial advisor to the Town in
connection with the sale of the bonds or notes; to
sell the bonds or notes at public or private sale; to
deliver the bonds or notes; and to perform all other
acts which are necessary or appropriate to issue the
bonds or notes.
Section 5. That the Town hereby
declares its official intent under Federal Income Tax
Regulation Section 1.150-2 that project costs may be
paid from temporary advances of available funds and
that (except to the extent reimbursed from grant
moneys) the Town reasonably expects to reimburse any
such advances from the proceeds of borrowings in an
aggregate principal amount not in excess of the amount
of borrowing authorized above for the project. The
Town Manager and either the Treasurer or the Director
of Finance are authorized to amend such declaration of
official intent as they deem necessary or advisable
and to bind the Town pursuant to such representations
and covenants as they deem necessary or advisable in
order to maintain the continued exemption from federal
income taxation of interest on the bonds or notes
authorized by this resolution, if issued on a
tax-exempt basis, including covenants to pay rebates
of investment earnings to the United States in future
years.
Section 6. That the Town Manager
and either the Treasurer or the Director of Finance
are authorized to make representations and enter into
written agreements for the benefit of holders of the
bonds or note to provide secondary market disclosure
information, which agreements may include such terms
as they deem advisable or appropriate in order to
comply with applicable laws or rules pertaining to the
sale or purchase of such bonds or notes.
Section 7. That the Town Council,
the Town Manager, the Treasurer, the Director of
Finance, the Town Engineer and other proper officers
of the Town are authorized to take all other action
which is necessary or desirable to complete the
project and to issue bonds, notes or other obligations
or to obtain grants to finance the aforesaid
appropriation.
B. Bond ordinance in the amount of $280,000 for
reconstruction and repair to Welch Pool
None.
AN ORDINANCE APPROPRIATING $280,000
FOR WELCH POOL IMPROVEMENTS AND RENOVATIONS, AND
AUTHORIZING THE ISSUE OF $280,000 BONDS AND NOTES TO
FINANCE THE APPROPRIATION
BE IT HEREBY ORDAINED,
Section 1. That the Town of Windsor
appropriate TWO HUNDRED EIGHTY THOUSAND DOLLARS
($280,000) for improvements and renovations to Welch
Pool in John R. Welch Park School and related work.
The project is contemplated to include installation of
a stainless steel gutter system, elimination of
damaged concrete coping and tiles along the pool top,
accessibility improvements, sandblast the pool and the
"kiddie" pool, replacement of the piping
serving the "kiddie" pool, replacement of
the facility electrical system, pump system,
installation of a roof structure over the chemical
equipment, and related work and improvements. The
appropriation may be spent for design, construction
and installation costs, related improvements, repairs
or renovations, equipment, materials, engineering
fees, administrative costs, printing, legal fees, net
interest on borrowings and other financing costs, and
other expenses related to the project. The Public
Building Commission is authorized to determine the
scope and particulars of the project.
Section 2. That the Town issue
bonds or notes in an amount not to exceed TWO HUNDRED
EIGHTY THOUSAND DOLLARS ($280,000) to finance the
appropriation for the project. The amount of bonds or
notes authorized to be issued shall be reduced by the
amount of grants received by the Town for the project.
The bonds or notes shall be issued pursuant to Section
7-369 of the General Statutes of Connecticut, Revision
of 1958, as amended, and any other enabling acts. The
bonds or notes shall be general obligations of the
Town secured by the irrevocable pledge of the full
faith and credit of the Town.
Section 3. That the Town issue and
renew temporary notes from time to time in
anticipation of the receipt of the proceeds from the
sale of the bonds or notes for the project. The amount
of the notes outstanding at any time shall not exceed
TWO HUNDRED EIGHTY THOUSAND DOLLARS ($280,000). The
notes shall be issued pursuant to Section 7-378 of the
General Statutes of Connecticut, Revision of 1958, as
amended. The notes shall be general obligations of the
Town and shall be secured by the irrevocable pledge of
the full faith and credit of the Town. The Town shall
comply with the provisions of Section 7-378a of the
General Statutes if the notes do not mature within the
time permitted by said Section 7-378.
Section 4. That the Town Manager
and either the Treasurer or the Director of Finance of
the Town shall sign any bonds or notes by their manual
or facsimile signatures. The Director of Finance shall
keep a record of the bonds and notes. The law firm of
Day, Berry & Howard LLP is designated as bond
counsel to approve the legality of the bonds or notes.
The Town Manager and either the Treasurer or the
Director of Finance are authorized to determine the
amounts, dates, interest rates, maturities, redemption
provisions, form and other details of the bonds or
notes; to designate one or more banks or trust
companies to be certifying bank, registrar, transfer
agent and paying agent for the bonds or notes; to
provide for the keeping of a record of the bonds or
notes; to designate a financial advisor to the Town in
connection with the sale of the bonds or notes; to
sell the bonds or notes at public or private sale; to
deliver the bonds or notes; and to perform all other
acts which are necessary or appropriate to issue the
bonds or notes.
Section 5. That the Town hereby
declares its official intent under Federal Income Tax
Regulation Section 1.150-2 that project costs may be
paid from temporary advances of available funds and
that (except to the extent reimbursed from grant
moneys) the Town reasonably expects to reimburse any
such advances from the proceeds of borrowings in an
aggregate principal amount not in excess of the amount
of borrowing authorized above for the project. The
Town Manager and either the Treasurer or the Director
of Finance are authorized to amend such declaration of
official intent as they deem necessary or advisable
and to bind the Town pursuant to such representations
and covenants as they deem necessary or advisable in
order to maintain the continued exemption from federal
income taxation of interest on the bonds or notes
authorized by this resolution, if issued on a
tax-exempt basis, including covenants to pay rebates
of investment earnings to the United States in future
years.
Section 6. That the Town Manager
and either the Treasurer or the Director of Finance
are authorized to make representations and enter into
written agreements for the benefit of holders of the
bonds or note to provide secondary market disclosure
information, which agreements may include such terms
as they deem advisable or appropriate in order to
comply with applicable laws or rules pertaining to the
sale or purchase of such bonds or notes.
Section 7. That the Town Council,
the Town Manager, the Treasurer, the Director of
Finance, the Public Building Commission and other
proper officers of the Town are authorized to take all
other action which is necessary or desirable to
complete the project and to issue bonds, notes or
other obligations or to obtain grants to finance the
aforesaid appropriation.
C. Bond ordinance in the amount of $505,000 for
Poquonock School office modernization and relocation|
None.
AN ORDINANCE APPROPRIATING $505,000
FOR POQUONOCK SCHOOL ADMINISTRATIVE OFFICES AND
INSTRUCTIONAL SPACE RENOVATIONS AND RELOCATIONS, AND
AUTHORIZING THE ISSUE OF $505,000 BONDS AND NOTES TO
FINANCE THE APPROPRIATION
BE IT HEREBY ORDAINED, FIVE HUNDRED
AND FIVE THOUSAND DOLLARS ($505,000) for renovation
and relocation of the Poquonock School administrative
offices and instructional space School and related
work. The project is contemplated to include
renovation of vacant locker room space for use as
instructional space, relocation of administrative
offices into two classrooms on the north side of
building, and renovation of the existing office space
to create four teaching spaces on the west side of the
building, retrofitting of heating, ventilation, air
conditioning systems, along with fire sprinklers,
fire/burglar alarm, plumbing, electrical, and other
mechanical systems in the affected areas, flooring and
ceiling work, handicapped accessible improvements,
replacement of office and classroom furniture,
acquisition of audio – visual teaching equipment;
and related improvements and work. The appropriation
may be spent for design and installation costs,
related improvements, repairs or renovations,
equipment, furnishings, materials, architects’ fees,
engineering fees, administrative costs, printing,
legal fees, net interest on borrowings and other
financing costs, and other expenses related to the
project. The Public Building Commission is authorized
to determine the scope and particulars of the project.
Section 2. That the Town issue
bonds or notes in an amount not to exceed FIVE HUNDRED
AND FIVE THOUSAND DOLLARS ($505,000) to finance the
appropriation for the project. The amount of bonds or
notes authorized to be issued shall be reduced by the
amount of grants received by the Town for the project.
The bonds or notes shall be issued pursuant to
Sections 7-369 and 10-289 of the General Statutes of
Connecticut, Revision of 1958, as amended, and any
other enabling acts. The bonds or notes shall be
general obligations of the Town secured by the
irrevocable pledge of the full faith and credit of the
Town.
Section 3. That the Town issue and
renew temporary notes from time to time in
anticipation of the receipt of the proceeds from the
sale of the bonds or notes for the project. The amount
of the notes outstanding at any time shall not exceed
FIVE HUNDRED AND FIVE THOUSAND DOLLARS ($505,000). The
notes shall be issued pursuant to Section 7-378 of the
General Statutes of Connecticut, Revision of 1958, as
amended. The notes shall be general obligations of the
Town and shall be secured by the irrevocable pledge of
the full faith and credit of the Town. The Town shall
comply with the provisions of Section 7-378a of the
General Statutes if the notes do not mature within the
time permitted by said Section 7-378.
Section 4. That the Town Manager
and either the Treasurer or the Director of Finance of
the Town shall sign any bonds or notes by their manual
or facsimile signatures. The Director of Finance shall
keep a record of the bonds and notes. The law firm of
Day, Berry & Howard LLP is designated as bond
counsel to approve the legality of the bonds or notes.
The Town Manager and either the Treasurer or the
Director of Finance are authorized to determine the
amounts, dates, interest rates, maturities, redemption
provisions, form and other details of the bonds or
notes; to designate one or more banks or trust
companies to be certifying bank, registrar, transfer
agent and paying agent for the bonds or notes; to
provide for the keeping of a record of the bonds or
notes; to designate a financial advisor to the Town in
connection with the sale of the bonds or notes; to
sell the bonds or notes at public or private sale; to
deliver the bonds or notes; and to perform all other
acts which are necessary or appropriate to issue the
bonds or notes.
Section 5. That the Town hereby
declares its official intent under Federal Income Tax
Regulation Section 1.150-2 that project costs may be
paid from temporary advances of available funds and
that (except to the extent reimbursed from grant
moneys) the Town reasonably expects to reimburse any
such advances from the proceeds of borrowings in an
aggregate principal amount not in excess of the amount
of borrowing authorized above for the project. The
Town Manager and either the Treasurer or the Director
of Finance are authorized to amend such declaration of
official intent as they deem necessary or advisable
and to bind the Town pursuant to such representations
and covenants as they deem necessary or advisable in
order to maintain the continued exemption from federal
income taxation of interest on the bonds or notes
authorized by this resolution, if issued on a
tax-exempt basis, including covenants to pay rebates
of investment earnings to the United States in future
years.
Section 6. That the Town Manager
and either the Treasurer or the Director of Finance
are authorized to make representations and enter into
written agreements for the benefit of holders of the
bonds or note to provide secondary market disclosure
information, which agreements may include such terms
as they deem advisable or appropriate in order to
comply with applicable laws or rules pertaining to the
sale or purchase of such bonds or notes.
Section 7. That the Town Council,
the Town Manager, the Treasurer, the Director of
Finance, the Public Building Commission and other
proper officers of the Town are authorized to take all
other action which is necessary or desirable to
complete the project and to issue bonds, notes or
other obligations to finance the aforesaid
appropriation.
D. Bond ordinance in the amount of $350,000 for
improvements to Sage Park Middle School and Windsor
High School Athletic Fields
None.
AN ORDINANCE APPROPRIATING $350,000 FOR
IMPROVEMENTS TO SAGE PARK MIDDLE SCHOOL AND WINDSOR
HIGH SCHOOL ATHLETIC FIELDS, AND AUTHORIZING THE ISSUE
OF $350,000 BONDS AND NOTES TO FINANCE THE
APPROPRIATION
BE IT HEREBY ORDAINED,
Section 1. That the Town of Windsor
appropriate THREE HUNDRED FIFTY THOUSAND DOLLARS
($350,000) for improvements to the Sage Park Middle
School and Windsor High School athletic fields School
and related work. The project is contemplated to
include installation of an irrigation system at the
Sage Park Middle School athletic fields, moving of the
baseball field from the center to the southwest corner
of the area, drainage improvements, and replacement of
portions of the fencing; improvements to O’Brien
Stadium at Windsor High School including improvements
to the existing irrigation system, replacement of the
field crown to improve drainage, re-sodding, and
moving of various drainage structures to allow for
potential use for soccer games; and related
improvements and work. The appropriation may be spent
for design, construction, purchase and installation
costs, related improvements, repairs or renovations,
equipment, materials, engineering fees, administrative
costs, printing, legal fees, net interest on
borrowings and other financing costs, and other
expenses related to the project. The Public Building
Commission is authorized to determine the scope and
particulars of the project.
Section 2. That the Town issue
bonds or notes in an amount not to exceed THREE
HUNDRED FIFTY THOUSAND DOLLARS ($350,000) to finance
the appropriation for the project. The amount of bonds
or notes authorized to be issued shall be reduced by
the amount of grants received by the Town for the
project. The bonds or notes shall be issued pursuant
to Sections 7-369 and 10-289 of the General Statutes
of Connecticut, Revision of 1958, as amended, and any
other enabling acts. The bonds or notes shall be
general obligations of the Town secured by the
irrevocable pledge of the full faith and credit of the
Town.
Section 3. That the Town issue and
renew temporary notes from time to time in
anticipation of the receipt of the proceeds from the
sale of the bonds or notes for the project. The amount
of the notes outstanding at any time shall not exceed
THREE HUNDRED FIFTY THOUSAND DOLLARS ($350,000). The
notes shall be issued pursuant to Section 7-378 of the
General Statutes of Connecticut, Revision of 1958, as
amended. The notes shall be general obligations of the
Town and shall be secured by the irrevocable pledge of
the full faith and credit of the Town. The Town shall
comply with the provisions of Section 7-378a of the
General Statutes if the notes do not mature within the
time permitted by said Section 7-378.
Section 4. That the Town Manager
and either the Treasurer or the Director of Finance of
the Town shall sign any bonds or notes by their manual
or facsimile signatures. The Director of Finance shall
keep a record of the bonds and notes. The law firm of
Day, Berry & Howard LLP is designated as bond
counsel to approve the legality of the bonds or notes.
The Town Manager and either the Treasurer or the
Director of Finance are authorized to determine the
amounts, dates, interest rates, maturities, redemption
provisions, form and other details of the bonds or
notes; to designate one or more banks or trust
companies to be certifying bank, registrar, transfer
agent and paying agent for the bonds or notes; to
provide for the keeping of a record of the bonds or
notes; to designate a financial advisor to the Town in
connection with the sale of the bonds or notes; to
sell the bonds or notes at public or private sale; to
deliver the bonds or notes; and to perform all other
acts which are necessary or appropriate to issue the
bonds or notes.
Section 5. That the Town hereby
declares its official intent under Federal Income Tax
Regulation Section 1.150-2 that project costs may be
paid from temporary advances of available funds and
that (except to the extent reimbursed from grant
moneys) the Town reasonably expects to reimburse any
such advances from the proceeds of borrowings in an
aggregate principal amount not in excess of the amount
of borrowing authorized above for the project. The
Town Manager and either the Treasurer or the Director
of Finance are authorized to amend such declaration of
official intent as they deem necessary or advisable
and to bind the Town pursuant to such representations
and covenants as they deem necessary or advisable in
order to maintain the continued exemption from federal
income taxation of interest on the bonds or notes
authorized by this resolution, if issued on a
tax-exempt basis, including covenants to pay rebates
of investment earnings to the United States in future
years.
Section 6. That the Town Manager
and either the Treasurer or the Director of Finance
are authorized to make representations and enter into
written agreements for the benefit of holders of the
bonds or note to provide secondary market disclosure
information, which agreements may include such terms
as they deem advisable or appropriate in order to
comply with applicable laws or rules pertaining to the
sale or purchase of such bonds or notes.
Section 7. That the Town Council,
the Town Manager, the Treasurer, the Director of
Finance, the Public Building Commission, the Board of
Education and other proper officers of the Town are
authorized to take all other action which is necessary
or desirable to complete the project and to issue
bonds, notes or other obligations or to obtain grants
to finance the aforesaid appropriation.
E. Bond ordinance in the amount of $345,000 for
Clover Street School window replacement
None.
AN ORDINANCE APPROPRIATING $345,000 FOR WINDOW
REPLACEMENT AT CLOVER STREET SCHOOL, AND AUTHORIZING
THE ISSUE OF $345,000 BONDS AND NOTES TO FINANCE THE
APPROPRIATION
BE IT HEREBY ORDAINED,
Section 1. That the Town of Windsor
appropriate THREE HUNDRED FORTY-FIVE THOUSAND DOLLARS
($345,000) for costs of window replacement at Clover
Street School and related work and improvements. The
appropriation may be spent for design and installation
costs, related improvements, repairs or renovations,
equipment, materials, engineering fees, administrative
costs, printing, legal fees, net interest on
borrowings and other financing costs, and other
expenses related to the project. The Public Building
Commission is authorized to determine the scope and
particulars of the project.
Section 2. That the Town issue
bonds or notes in an amount not to exceed THREE
HUNDRED FORTY-FIVE THOUSAND DOLLARS ($345,000) to
finance the appropriation for the project. The amount
of bonds or notes authorized to be issued shall be
reduced by the amount of grants received by the Town
for the project. The bonds or notes shall be issued
pursuant to Sections 7-369 and 10-289 of the General
Statutes of Connecticut, Revision of 1958, as amended,
and any other enabling acts. The bonds or notes shall
be general obligations of the Town secured by the
irrevocable pledge of the full faith and credit of the
Town.
Section 3. That the Town issue and
renew temporary notes from time to time in
anticipation of the receipt of the proceeds from the
sale of the bonds or notes for the project. The amount
of the notes outstanding at any time shall not exceed
THREE HUNDRED FORTY-FIVE THOUSAND DOLLARS ($345,000).
The notes shall be issued pursuant to Section 7-378 of
the General Statutes of Connecticut, Revision of 1958,
as amended. The notes shall be general obligations of
the Town and shall be secured by the irrevocable
pledge of the full faith and credit of the Town. The
Town shall comply with the provisions of Section
7-378a of the General Statutes if the notes do not
mature within the time permitted by said Section
7-378.
Section 4. That the Town Manager
and either the Treasurer or the Director of Finance of
the Town shall sign any bonds or notes by their manual
or facsimile signatures. The Director of Finance shall
keep a record of the bonds and notes. The law firm of
Day, Berry & Howard LLP is designated as bond
counsel to approve the legality of the bonds or notes.
The Town Manager and either the Treasurer or the
Director of Finance are authorized to determine the
amounts, dates, interest rates, maturities, redemption
provisions, form and other details of the bonds or
notes; to designate one or more banks or trust
companies to be certifying bank, registrar, transfer
agent and paying agent for the bonds or notes; to
provide for the keeping of a record of the bonds or
notes; to designate a financial advisor to the Town in
connection with the sale of the bonds or notes; to
sell the bonds or notes at public or private sale; to
deliver the bonds or notes; and to perform all other
acts which are necessary or appropriate to issue the
bonds or notes.
Section 5. That the Town hereby
declares its official intent under Federal Income Tax
Regulation Section 1.150-2 that project costs may be
paid from temporary advances of available funds and
that (except to the extent reimbursed from grant
moneys) the Town reasonably expects to reimburse any
such advances from the proceeds of borrowings in an
aggregate principal amount not in excess of the amount
of borrowing authorized above for the project. The
Town Manager and either the Treasurer or the Director
of Finance are authorized to amend such declaration of
official intent as they deem necessary or advisable
and to bind the Town pursuant to such representations
and covenants as they deem necessary or advisable in
order to maintain the continued exemption from federal
income taxation of interest on the bonds or notes
authorized by this resolution, if issued on a
tax-exempt basis, including covenants to pay rebates
of investment earnings to the United States in future
years.
Section 6. That the Town Manager
and either the Treasurer or the Director of Finance
are authorized to make representations and enter into
written agreements for the benefit of holders of the
bonds or note to provide secondary market disclosure
information, which agreements may include such terms
as they deem advisable or appropriate in order to
comply with applicable laws or rules pertaining to the
sale or purchase of such bonds or notes.
Section 7. That the Town Council,
the Town Manager, the Treasurer, the Director of
Finance, the Public Building Commission, the Board of
Education and other proper officers of the Town are
authorized to take all other action which is necessary
or desirable to complete the project and to issue
bonds, notes or other obligations or to obtain grants
to finance the aforesaid appropriation.
F. Bond ordinance in the amount of $330,000 for
John F. Kennedy School Code Compliance Project
Oleyetta Priester, 649 Matianuck Avenue, supports the
bond ordinance for John F. Kennedy School Code
Compliance Project.
AN ORDINANCE APPROPRIATING $330,000
FOR JOHN F. KENNEDY SCHOOL FLOORING REPLACEMENT AND
ASBESTOS ABATEMENT RENOVATIONS AND RELOCATIONS, AND
AUTHORIZING THE ISSUE OF $330,000 BONDS AND NOTES TO
FINANCE THE APPROPRIATION
BE IT HEREBY ORDAINED,
Section 1. That the Town of Windsor
appropriate THREE HUNDRED THIRTY THOUSAND DOLLARS
($330,000) for flooring replacement and asbestos
abatement at the John F. Kennedy School and related
work. The project is contemplated to include removal
of floor tiles containing asbestos and carpeting, and
replacement with vinyl composition tile; and related
improvements and work. The appropriation may be spent
for design and installation costs, related
improvements, repairs or renovations, equipment,
materials, administrative costs, printing, legal fees,
net interest on borrowings and other financing costs,
and other expenses related to the project. The Public
Building Commission is authorized to determine the
scope and particulars of the project.
Section 2. That the Town issue
bonds or notes in an amount not to exceed THREE
HUNDRED THIRTY THOUSAND DOLLARS ($330,000) to finance
the appropriation for the project. The amount of bonds
or notes authorized to be issued shall be reduced by
the amount of grants received by the Town for the
project. The bonds or notes shall be issued pursuant
to Sections 7-369 and 10-289 of the General Statutes
of Connecticut, Revision of 1958, as amended, and any
other enabling acts. The bonds or notes shall be
general obligations of the Town secured by the
irrevocable pledge of the full faith and credit of the
Town.
Section 3. That the Town issue and
renew temporary notes from time to time in
anticipation of the receipt of the proceeds from the
sale of the bonds or notes for the project. The amount
of the notes outstanding at any time shall not exceed
THREE HUNDRED THIRTY THOUSAND DOLLARS ($330,000). The
notes shall be issued pursuant to Section 7-378 of the
General Statutes of Connecticut, Revision of 1958, as
amended. The notes shall be general obligations of the
Town and shall be secured by the irrevocable pledge of
the full faith and credit of the Town. The Town shall
comply with the provisions of Section 7-378a of the
General Statutes if the notes do not mature within the
time permitted by said Section 7-378.
Section 4. That the Town Manager
and either the Treasurer or the Director of Finance of
the Town shall sign any bonds or notes by their manual
or facsimile signatures. The Director of Finance shall
keep a record of the bonds and notes. The law firm of
Day, Berry & Howard LLP is designated as bond
counsel to approve the legality of the bonds or notes.
The Town Manager and either the Treasurer or the
Director of Finance are authorized to determine the
amounts, dates, interest rates, maturities, redemption
provisions, form and other details of the bonds or
notes; to designate one or more banks or trust
companies to be certifying bank, registrar, transfer
agent and paying agent for the bonds or notes; to
provide for the keeping of a record of the bonds or
notes; to designate a financial advisor to the Town in
connection with the sale of the bonds or notes; to
sell the bonds or notes at public or private sale; to
deliver the bonds or notes; and to perform all other
acts which are necessary or appropriate to issue the
bonds or notes.
Section 5. That the Town hereby
declares its official intent under Federal Income Tax
Regulation Section 1.150-2 that project costs may be
paid from temporary advances of available funds and
that (except to the extent reimbursed from grant
moneys) the Town reasonably expects to reimburse any
such advances from the proceeds of borrowings in an
aggregate principal amount not in excess of the amount
of borrowing authorized above for the project. The
Town Manager and either the Treasurer or the Director
of Finance are authorized to amend such declaration of
official intent as they deem necessary or advisable
and to bind the Town pursuant to such representations
and covenants as they deem necessary or advisable in
order to maintain the continued exemption from federal
income taxation of interest on the bonds or notes
authorized by this resolution, if issued on a
tax-exempt basis, including covenants to pay rebates
of investment earnings to the United States in future
years.
Section 6. That the Town Manager
and either the Treasurer or the Director of Finance
are authorized to make representations and enter into
written agreements for the benefit of holders of the
bonds or note to provide secondary market disclosure
information, which agreements may include such terms
as they deem advisable or appropriate in order to
comply with applicable laws or rules pertaining to the
sale or purchase of such bonds or notes.
Section 7. That the Town Council,
the Town Manager, the Treasurer, the Director of
Finance, the Public Building Commission and other
proper officers of the Town are authorized to take all
other action which is necessary or desirable to
complete the project and to issue bonds, notes or
other obligations to finance the aforesaid
appropriation.
The Public Hearing adjourned at 7:10 p.m.