Marlboro Central School District

NOTICE

The resolution, a summary of which is published herewith, has been adopted on February 6, 2020, 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 Marlboro Central School District, in the Counties of Ulster and Orange, 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 publication of this Notice, or such obligations were authorized in violation of the provisions of the constitution.

Cindy Storno

District Clerk

REFUNDING BOND RESOLUTION OF THE MARLBORO CENTRAL SCHOOL DISTRICT, NEW YORK, ADOPTED FEBRUARY 6, 2020, AUTHORIZING THE REFUNDING OF CERTAIN OUTSTANDING SERIAL BONDS OF SAID DISTRICT, STATING THE PLAN OF REFUNDING, APPROPRIATING AN AMOUNT NOT TO EXCEED $16,000,000 THEREFOR, AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $16,000,000 REFUNDING SERIAL BONDS OF THE DISTRICT TO FINANCE SAID APPROPRIATION, AND MAKING CERTAIN OTHER DETERMINATIONS ALL RELATIVE THERETO.

Object or purpose: refunding of all or a portion of the currently outstanding bonds issued in 2010

Period of probable thirty (30) years, commencing on the date of original issuance of the first bond or note issued for the purposes for which the outstanding bonds were issued

Amount of obligations to be issued: not to exceed $16,000,000

A complete copy of the refunding bond resolution summarized above shall be available for public inspection during normal business hours at the office of the District Clerk, Marlboro Central School District, 21 Milton Turnpike, Milton, New York

Dated: February 6, 2020

Milton, New York #99113

Posted 2/13/2020