ABANDONMENT: Dunn Road ABSTRACTS: GENERAL FUND ...

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SECTION 2. That the maximun estimated cost of such
specific object or purpose Is $ 190,900.00 and the plan for
financing therefor is as follows:
a) By the issuance of $ 108,000.00 serial bonds of
the Town of Boston, hereby authorized to be issued pursuant to the
Local Finance Law;and
b) By the use of $ 70,900.00 awarded pursuant to
L.& W.C.F. Project # 36-01164 as set forth in SECTION 1 hereof.
c) By allocation of $12,000.00 from the General
Fund of the Town of Boston available therefor and appropriated for
such purpose in the 1993 Budget of the Town of Boston.
SECTION 3. That it is hereby determined that the
period of px'obable usefulness of the aforesaid specific object or
purpose is ten (10) years, same being defined as the embellishment
of a park, playground or recreational area, pursuant to Local
Finance Law §11.00 subsection 19(c).
SECTION 4. That the Town of Boston, Erie County, New
York, issue its serial bonds in the amount of $ 108,000.00 to
finance such cost in accordance with the financial plan set forth
above. Such bonds shall be dated approximately as of the date of
adoption of this Resolution and the power to fix and determine the
exact date of such bonds is hereby delegated to the Supervisor.
SECTION 5. That such bonds shall be numbered
consecutively and shall be in the total amount of $108,000.00 and
shall mature in numerical order in annual installments in the years
and in the total amounts as follows: $21,600.00 - Hay 9, 1994,
$21,600.00 - May 8, 1995, $21,600.00 - May 7, 1996, $21,600.00 -
May 7, 1997, $21,600.00 - May 7, 1998 in such Individual amounts to
be determined; and said bonds shall be issued in bearer form
without coupons and shall contain a power to convert to registered
form in accordance with the applicable provisions of the Local
Finance Law. The bonds shall bear interest at a rate not exceeding