LEGAL NOTICE OF ESTOPPEL The bond resolution, a summary of which is published herewith, has been adopted on February 2, 2016, and 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 City of Oneonta, Otsego County, New York, 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 not authorized in violation of the provisions of the Constitution. A complete copy of the resolution summarized herewith is available for public inspection during regular business hours at the Office of the City Clerk for a period of twenty days from the date of publication of this Notice. Dated: Oneonta, New York, February 2, 2016. Nancy S. Powell City Clerk BOND RESOULTION DATED FEBRUARY 2, 2016. A RESOLUTION AUTHORIZING REPLACEMENT OF THE WATER SUPPLY LINE IN AND FOR THE CITY OF ONEONTA, OTSEGO COUNTY, NEW YORK, AT A MAXIMUM ESTIMATED COST OF $2,000,000, AND AUTHORIZING THE ISSUANCE OF $1,400,000 BONDS OF SAID CITY TO PAY PART OF THE COST THEREOF. Specific object or purpose:Replacement of the water supply line Maximum estimated cost: $2,000,000 Period of probable usefulness:Forty years Amount of obligations to be issued:$1,400,000 bonds/$600,000 grants
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