CAPITAL IMPROVEMENT PROJECT INFORMATION

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NOTICE OF BOND RESOLUTION

The resolution, a summary of which is published herewith, was adopted on January 16, 2024. The validity of the obligations authorized by such resolution may be hereafter contested only if such obligations were authorized for an object or purpose for which the South Lewis Central School District is not authorized to expend money or if the provisions of law which should have been complied with as of the date of publication of this notice were not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of publication of this notice, or such obligations were authorized in violation of the provisions of the constitution.

Vera Lucia Canova
District Clerk

SUMMARY OF BOND RESOLUTION

A Resolution adopted by the Board of Education of the South Lewis Central School District, Lewis County, New York on January 16, 2024 authorizes the issuance of bonds and other obligations to fund a capital improvement project consisting of i renovations and improvements to the buildings and grounds at the Elementary School, Middle School/High School, Bus Garage and Biomass Boiler Building, ii) make improvements to the Middle School/High School softball field including conversion to synthetic turf infield and (iii) make improvements to the Middle School/High School athletic stadium including conversion to synthetic turt field, including for all of the foregoing, related site improvements, original furnishings, fixtures and equipment, architectural fees, and all other costs incidental to such work (the "Project") at a total estimated cost $28,995,900 and obtain the necessary funds by using $5,200,000 from the District's Capital Reserve Fund, any available state aid, and to the extent necessary, the levy of a tax upon the taxable property of the School District to be collected in annual installments in the years and in the amounts as the Board of Education shall determine and in anticipation of such tax shall the School District be authorized to issue up to $23,795,900 of obligations of the School District and levy a tax to pay the interest thereon when due. Under the Local Finance Law, the period of probable usefulness of the Project is thirty (30) years. Such resolution shall be kept available for public inspection in the District Offices during regular business hours for twenty days following this publication.