Town of North Harmony

Chautauqua County, New York

  • Home
  • Minutes
    • Town Board Minutes
    • Planning Board Minutes
    • Zoning Board Minutes
  • Zoning Laws
    • Amendments
      • LL#1-2015 3/30/2015 – CREATE THE COMMERCIAL/RESIDENTIAL (C-1A) DISTRICT AND AMEND CURRENT ZONING MAP
      • LL#2-2015 12/14/2015 – LIMIT ACCESSORY STUCTURES IN R-1, R-2, R-3, R-4 & R-5 DISTRICTS AND MODIFY SETBACKS IN VARIOUS DISTRICTS WITHIN THE TOWN
      • LL#1-2016 4/11/2016 – AMEND THE CURRENT TOWN OF NORTH HARMONY ZONING LAW IN REGARDS TO THE REGULATION OF SIGNS
      • LL#2-2016 4/11/2016 – AMEND THE CURRENT TOWN OF NORTH HARMONY ZONING LAW IN REGARDS TO THE REGULATIONS OF SAWMILLS
  • Court
  • Forms
  • Maps
  • FAQs
    • History
    • Statistics
    • Transfer Station
  • Tourism
  • Bulletin Board
    • Budgets
  • Contact
You are here: Home / Minutes / TOWN BOARD 8/24/20 (SPECIAL MTG.)

TOWN BOARD 8/24/20 (SPECIAL MTG.)

September 11, 2020 By Stephanie Gibbs

TOWN OF NORTH HARMONY

TOWN BOARD MEETING

BOND RESOLUTION OF 6/14/2019 – CONSTRUCTION OF NEW TOWN BUILDING

MONDAY, 8/24/2020 7:00 PM

 

ROBERT YATES, SUPERVISOR                                                                                    PRESENT

RICHARD SENA, COUNCILMAN                                                                                  PRESENT

DUNCAN MCNEILL, COUNCILMAN                                                                            PRESENT

STEVE SENSKE, COUNCILMAN                                                                                   PRESENT

LOUISE ORTMAN, COUNCILWOMAN                                                                        ABSENT 

 

OTHERS PRESENT:  Dale Robbins & Kelly Johnson, Attorney’s; Robin Miller, Bookkeeper; Nancy Thomas, Town Clerk 

  • PLEDGE

            Mr. Yates opened the meeting at 7:00 PM with the pledge and called for a moment of silence for the family of M.E.O. Ted Pugh.

            Mr. Yates said we had received correspondence pertaining to options for financing the principal renewal amount of $640,000.00 to M&T Bank.  He asked if there were any questions as to whether we should choose to go with a BAN, the interest rate is variable and currently would be at 2.9% or a Statutory Bond at a fixed interest rate of 3.4% for the life of the BAN.  He said the issue is that if we choose the Statutory Bond it will cost approximately $10,000.00 to have Hodgson & Russ rewrite the BAN.  He said he feels it is best at this time to go with the current BAN.

            Mr. Senske asked how long the variable rate is good for. 

            Mr. Robbins said the BAN was for 5 years and we only have 4 more years after the current payment is made.  One of those years would be at the current variable rate of $2.9, so there are only 3 years of unknown variable rate left.  He said currently we are in a time crunch because the BAN payment is due by Friday 8/28/20 and we probably cannot get the Statutory Bond completed by that date.  He said the renewal instrument he drew up has a Call Back feature in it which would allow the town 30 days from now to go out to the Bond Market and get a different/fixed rate for the remainder of the time period if they choose.  He said there is really no way around renewing the current BAN tonight, but we do not have to stick with it.

            There was discussion of the different types of Bonds available including Serial Bonds which are for a much longer time period.

            Mr. Senske asked if there is a limit on how much the interest rate can go up on the BAN.

            Mr. Robbins said no, it is market rate.

            Mr. Senske asked if there are any other fees attached to the BAN financing.

            Mr. Robbins said no.

            There was further discussion of variable vs. fixed interest rates and the impact on cost. 

            Mr. Robbins requested that the board vote on the BAN tonight and reevaluate the Statutory Bond proposal in 2 weeks to 30 days if they wish.

  • MOTION # 77 OF 2020
  1. SENA MOTIONED TO AUTHORIZE THE SUPERVISOR TO MAKE PAYMENT ON THE BAN FOR THE CONSTRUCTION OF A TOWN BUILDING (2019) DUE ON 8/28/2020 AS FOLLOWS. FURTHER, THE SUPERVISOR IS AUTHORIZED TO SIGN ANY AND ALL DOCUMENTS TO RENEW THE BAN AS INDICATED.

Principal amount:  $800,000.00          Principal payment:      $160,000.00

                                                  Interest payment @ 2.65%:    $  21,200.00

                                                       TOTAL PAYMENT            $181,200.00

 Principal Renewal $640,000.00 @ 2.9% with M&T Bank 

  1. MCNEILL SECONDED. YES (4): SENA, MCNEILL, SENSKE, YATES. NO (0). THE MOTION WAS CARRIED.
  • MOTION # 78 OF 2020

ON A MOTION MADE BY MR. SENSKE, SECONDED BY MR. SENA AND WITH NONE BEING OPPOSED, THE MEETING WAS ADJOURNED AT 7:10 PM. 

Nancy M. Thomas

Town Clerk

Filed Under: Minutes, Town Board

Public Hearing Notices

Zoning Board of Appeals Public Hearing Notice 1/25/2023

TOWN OF NORTH HARMONY NOTICE OF PUBLIC HEARING. 12/12/2022

TOWN OF NORTH HARMONY PRELIMINARY AND SPECIAL DISTRICT BUDGET HEARING AND SPECIAL MEETING

Helpful Links

Budgets
Native Shore Live Plants
North Harmony Comprehensive Plan

Veterans Memorial

Items of Interest

  • 2022 Final Roll
  • 2022 Tentative Roll
  • Draft Comprehensive Plan
  • Local Books
  • Local Artwork
  • Transfer Station

Bulletin Board

The Town of North Harmony Town Clerk’s Office will be Closed at 12:00PM on Wednesday, 1/25/2023 for a Clerks Meeting.

The Town of North Harmony Town Offices will be closed Monday, 1/16/2023 for the Martin Luther King Holiday. Town offices will resume normal business hours Tuesday, 1/17/2023. Have a happy and safe weekend.

Zoning Board of Appeals Public Hearing Notice 1/25/2023

TENTATIVE Town Board Agenda 1/9/2023

PROPOSED REPLACEMENT TOWER / TOWN OF ELLERY

Hours

Monday – Friday: 9:30 a.m. to 3:30 p.m.
CLOSED All Legal Holidays

Thursday Evening Hours:

  • Town Clerk: 4-6 PM
  • Zoning C.E.O: 6-8 PM

Meeting Calendar

  • Town Board Meeting:
    Monday 1/9/2023 7:00 PM
  • Planning Board Meeting:
    Tuesday 1/10/2023 7:00 PM
  • Zoning Board Meeting:
    Wednesday 1/25/2023 7:00 PM

Copyright © 2023 Town of North Harmony · 5350 Stow Road Ashville, NY 14710
Tel: 716.789.3445 · Fax: 716.789.9308