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Moira Board Authorizes Up to $209,000 in Serial Bonds to Buy 2025 Snowplow
Summary
The Moira Town Board on Oct. 14 authorized issuing serial bonds or bond anticipation notes up to $209,000 to finance a 2025 snowplow, setting a proposed maximum five‑year maturity and subjecting the resolution to permissive referendum and publication requirements.
The Town Board of the Town of Moira voted unanimously on Oct. 14 to authorize serial bonds or bond anticipation notes in the principal amount of up to $209,000 to finance the purchase of a 2025 snowplow for road clearing, repair and maintenance.
The resolution states the maximum estimated cost is $209,000, that the proposed maturity will not exceed five years, and that the board delegates bond-issuance powers to the Supervisor as chief fiscal officer. The board adopted the measure subject to permissive referendum and directed the Town Clerk to publish notice as required under Town Law §90. The vote as recorded was Niles-Aye, Trimm-Aye, Snyder-Aye, Deuyour-Aye, Robinson-Aye (5–0).
The bond authorization text cites Local Finance Law provisions (including Sections 11.00(a)(28), 21.00, 30.00, 35.00 and related sections) and includes a statement of intent consistent with Treasury Regulation Section 1.150-2 regarding reimbursement of prior expenditures. The measure follows earlier board discussion authorizing the equipment purchase; the board did not amend the $209,000 maximum in the motion.
