NOTICE OF BOND RESOLUTION
The resolution, a summary of which is published herewith, was adopted on June 11, 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 Webster 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.
Heather Murphy
District Clerk
SUMMARY OF BOND RESOLUTION
A Bond Resolution adopted by the Board of Education of the Webster Central School District
on June 11, 2024 authorizes the issuance of bonds and other obligations to purchase and finance
student transport vehicles and any other vehicles, including furnishings, equipment, machinery and
apparatus as may be required for the purposes for which the vehicles are to be used and to expend
therefor an amount, including preliminary costs and costs incidental thereto and to financing
thereof, not to exceed the estimated maximum cost of $1,200,000. The plan of financing includes
the issuance of serial bonds in the aggregate principal amount not to exceed $1,200,000 and the
levy and collection of taxes on all the taxable real property in the District to pay the principal of
said bonds and the interest thereon as the same shall become due and payable, subject to applicable
amounts of state assistance available or to any revenues available for such purpose from any other
source. The bonds may be issued such that annual installments of principal and interest are
substantially level, as provided by law. Under the Local Finance Law, the student transport vehicles
have a period of probable usefulness of five (5) years. Such resolution shall be kept available for
public inspection in the District Offices during regular business hours for twenty days following this
publication.