HomePUBLIC NOTICESLegal Notice SO 31-2026 -$17,300,000 - 2026-2027 School Master Ordinance

Legal Notice SO 31-2026 -$17,300,000 – 2026-2027 School Master Ordinance

Published on

spot_img
spot_img
spot_img
spot_img
spot_img
spot_img

LEGAL NOTICE

The ordinance, a summary of which is published herewith, has been adopted on May 29, 2026, and approved by the Mayor on June 4, 2026, and the validity of the obligations authorized by such ordinance may be hereafter contested only if such obligations were authorized for an object or purpose for which the CITY OF YONKERS, in the County of Westchester, 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.

Vincent E. Spano, City Clerk
City of Yonkers, New York

   SPECIAL ORDINANCE 31-2026

BOND ORDINANCE OF THE CITY OF YONKERS, NEW YORK AUTHORIZING FUNDING FOR VARIOUS CAPITAL PROJECTS INCLUDED IN THE SCHOOLS FACILITIES MANAGEMENT PLAN FOR THE BOARD OF EDUCATION, AS AMENDED; STATING THE ESTIMATED MAXIMUM COST THEREOF IS $17,300,000; APPROPRIATING SAID AMOUNT THEREFOR; AND AUTHORIZING THE ISSUANCE OF BONDS OF SAID CITY IN THE PRINCIPAL AMOUNT OF NOT TO EXCEED $17,300,000 TO FINANCE SAID APPROPRIATION

The bonds are authorized to finance various capital projects included in the School Facilities Management Plan for the Board of Education, as amended. 

The amount of obligations to be issued is not to exceed $17,300,000.

The period of usefulness associated with the construction of improvements to various school buildings and the sites thereof is thirty (30) years.   

Pursuant to the provisions of Section 17 of the Special Local Finance and Budget Act of the City of Yonkers, constituting Chapters 488 and 489 of the Laws of 1976 of the State of New York (herein called the “Act”), the City is authorized and directed to include the pledge and agreement of the State of New York (herein called the “State”) contained in said Section 17 of the Act, in the ordinance, and the Act provides that upon payment for the bonds or notes by the original and all subsequent holders thereof the inclusion of such pledge and agreement shall be deemed conclusive evidence of valuable consideration received by the State and City for such pledge and agreement and of reliance upon such pledge and agreement by any holder and that any action by the State contrary to or inconsistent with the provisions of such pledge and agreement shall be void.

A complete copy of the Bond Ordinance summarized above shall be available for public inspection during normal business hours at the office of the City Clerk, 40 South Broadway, Yonkers, New York 10701.

Latest articles

AFICNY Challenges Washington and Albany Over Veterans’ Benefits and New York Taxes

Independent Political Club Demands Protection for Veterans, Property Tax Reform, and Economic Relief for...

Brooklyn Building Collapse: Three Dead, 17 Injured — Was This Tragedy Preventable?

Construction Activity, Previous Violations, and Questions About City Oversight Demand Answers By Black Westchester Magazine...

Black Westchester Magazine Is Back — The November 2026 E Edition Is Here

The print tradition is back — digitally. Black Westchester Magazine's November 2026 E Edition is...

Westchester Community Health Center To Honor Assemblyman J. Gary Pretlow and Regginald Jordan at 2026 Annual Gala

NEW ROCHELLE, NY — Westchester Community Health Center (WCHC) will host its 2026 Annual...

Join The Publisher's Circle

Get Black Westchester in your inbox — free.

Join free

People Before Politics — Sunday Rundown