SPECIAL ORDINANCE
BY COUNCIL PRESIDENT COLLINS-BELLAMY, MAJORITY LEADER RUBBO, MAJORITY WHIP ROBINSON, MINORITY LEADER BREEN, COUNCILMEMBERS PINEDA-ISAAC, DIAZ, AND MERANTE:
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BOND ORDINANCE OF THE CITY OF YONKERS, NEW YORK AUTHORIZING FUNDING FOR VARIOUS CAPITAL PROJECTS INCLUDED IN THE SCHOOLS FACILITIES MANAGEMENT PLAN FOR THE BOARD OF EDUCATION, AS AMENDED; STATING THE ESTIMATED MAXIMUM COST THEREOF IS $17,000,000; APPROPRIATING SAID AMOUNT THEREFOR; AND AUTHORIZING THE ISSUANCE OF BONDS OF SAID CITY IN THE PRINCIPAL AMOUNT OF NOT TO EXCEED $17,000,000 TO FINANCE SAID APPROPRIATION
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THE CITY COUNCIL OF THE CITY OF YONKERS, IN THE COUNTY OF WESTCHESTER, NEW YORK, HEREBY ORDAINS (by the favorable vote of not less than two-thirds of all the members of said City Council) AS FOLLOWS:
Section 1. The City of Yonkers, in the County of Westchester, New York (herein called the "City"), is hereby authorized to finance the cost of various capital projects included in the School Facilities Management Plan of the Board of Education, as amended, as described in column A of the table set forth below, at the estimated maximum cost indicated in column B of said table.
A
B
C
D
E
Project Description (object or purpose)
Estimated
Maximum
Cost
Amount
of Bonds
Authorized
PPU
Section
11.00 a.
Reference
Period of
Probable
Usefulness
Construction of Improvements to various School Buildings and the sites thereof
$17,000,000
$17,000,000
97
30
The estimated maximum cost of such projects, including preliminary costs and costs incidental thereto and the financing thereof, is $17,000,000 and said amount is hereby appropriated therefor. The plan of financing includes the issuance of $17,000,000 aggregate principal amount of bonds of the City and any bond anticipation notes issued in anticipation of the sale of such bonds to finance said appropriation, and the levy and collection of taxes on all the taxable real property in the City to ...
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