A RESOLUTION AUTHORIZING THE ISSUANCE OF $4,252,100 SERIAL BONDS OF THE COUNTY OF DUTCHESS, NEW YORK, TO PAY THE COST OF THE RECONSTRUCTION OF VARIOUS COUNTY BUILDINGS, IN AND FOR SAID COUNTY

PUBLIC WORKS AND CAPITAL PROJECTS DISCUSSION ONLY 11/6/2025 RESOLUTION NO. 2025199 BOND RESOLUTION DATED DECEMBER 8, 2025. A RESOLUTION AUTHORIZING THE ISSUANCE OF $4,252,100 SERIAL BONDS OF THE COUNTY OF DUTCHESS, NEW YORK, TO PAY THE COST OF THE RECONSTRUCTION OF VARIOUS COUNTY BUILDINGS, IN AND FOR SAID COUNTY WHEREAS, all conditions precedent to the financing of the capital projects hereinafter described have been performed and, in the case of compliance with the provisions of the State Environmental Quality Review Act ("SEQRA"), will be performed on a project-by-project, site- by-site basis before the financing of any particular project; and WHEREAS, the SEQRA analysis will be conducted on a site specific basis regarding the improvements to each County building; and WHEREAS, the County of Dutchess cannot borrow pursuant to this resolution as to any particular building prior to completion of said SEQRA analysis and determination of status pursuant to SEQRA and the regulations promulgated thereunder; and WHEREAS, it is now desired to authorize the financing of such capital project; NOW, THEREFORE BE IT RESOLVED, by the County Legislature of the County of Dutchess, New York, as follows: Section 1. Reconstruction of various County buildings, in and for the County of Dutchess, New York, including design and other preliminary expenses and site improvements, and original furnishings, equipment, machinery, apparatus, appurtenances, incidental improvements and expenses in connection therewith, is hereby authorized at a maximum estimated cost of $4,252,100. Section 2. It is hereby determined that the plan for the financing of the aforesaid class of objects or purposes is by the issuance of $4,252,100 serial bonds of said County hereby authorized to be issued therefor pursuant to the provisions of the Local Finance Law Section 3. It is hereby determined that the period of probable usefulness of the aforesaid class of objects or purposes is 25 years, pursuant to subdivision 12(a)(1) of paragraph a of Section 11.00 of the Local Finance Law. Section 4. Subject to the provisions of the Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the serial bonds herein authorized, including renewals of such notes, is hereby delegated to the Commissioner of Finance, the chief fiscal officer. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said Commissioner of Finance, consistent with the provisions of the Local Finance Law. Section 5. The faith and credit of said County of Dutchess, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such bonds becoming due and payable in such year. There shall annually be levied on all the taxable real property of said County a tax sufficient to pay the principal of and interest on such bonds as the same become due and payable. Section 6. Such bonds shall be in fully registered form and shall be signed in the name of the County of Dutchess, New York, by the manual or facsimile signature of the Commissioner of Finance and a facsimile of its corporate seal shall be imprinted or impressed thereon and may be attested by the manual or facsimile signature of the County Clerk. Section 7. The powers and duties of advertising such bonds for sale, conducting the sale and awarding the bonds, are hereby delegated to the Commissioner of Finance, who shall advertise -2- such bonds for sale, conduct the sale, and award the bonds in such manner as she shall deem best for the interests of the County; provided, however, that in the exercise of these delegated powers, she shall comply fully with the provisions of the Local Finance Law and any order or rule of the State Comptroller applicable to the sale of municipal bonds. The receipt of the Commissioner of Finance shall be a full acquittance to the purchaser of such bonds, who shall not be obliged to see to the application of the purchase money. Section 8. All other matters, except as provided herein relating to such bonds including determining whether to issue such bonds having substantially level or declining annual debt service and all matters related thereto, prescribing whether manual or facsimile signatures shall appear on said bonds, prescribing the method for the recording of ownership of said bonds, appointing the fiscal agent or agents for said bonds, providing for the printing and delivery of said bonds (and if said bonds are to be executed in the name of the County by the facsimile signature of the Commissioner of Finance, providing for the manual countersignature of a fiscal agent or of a designated official of the County), the date, denominations, maturities and interest payment dates, place or places of payment, and also including the consolidation with other issues, shall be determined by the Commissioner of Finance. It is hereby determined that it is to the financial advantage of the County not to impose and collect from registered owners of such serial bonds any charges for mailing, shipping and insuring bonds transferred or exchanged by the fiscal agent, and, accordingly, pursuant to paragraph c of Section 70.00 of the Local Finance Law, no such charges shall be so collected by the fiscal agent. Such bonds shall contain substantially the recital of validity clause provided for in section 52.00 of the Local Finance Law and shall otherwise be in such form and contain such recitals in addition to those required by section 52.00 of the Local Finance Law, as the Commissioner of Finance shall determine. -3- Section 9. This resolution shall constitute a statement of official intent for purposes of Treasury Regulations Section 1.150 - 2. Other than as specified in this resolution, no monies are, or are reasonably expected to be, reserved, allocated on a long-term basis, or otherwise sct aside with respect to the permanent funding of the object or purpose described herein. Section 10. The validity of such bonds and bond anticipation notes may be contested only if: Such obligations are authorized for an object or purpose for which said County is not authorized to expend money, or The provisions of law which should be complied with at the date of publication of this resolution are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or Such obligations are authorized in violation of the provisions of the Constitution. Section 11. This resolution, which takes effect immediately, shall be published in summary form in The Poughkeepsie Journal and the Southern Dutchess News, the official newspapers of said County, together with a notice of the Clerk of the County Legislature in substantially the form provided in Section 81.00 of the Local Finance Law. CA-160-25; G-0145-B; CEB/mar/rjw; 10/31/2025 Fiscal Impact: See Attached -4- CERTIFICATION FORM STATE OF NEW YORK COUNTY OF DUTCHESS ) ) SS.: ) I, the undersigned Clerk of the County Legislature of the County of Dutchess, New York (the "Issuer"), DO HEREBY CERTIFY: That I have compared the annexed extract of the minutes of the meeting of the County Legislature of said County, including the resolution contained therein, held on December 8, 2025, with the original thereof on file in my office, and that the same is a true and correct transcript therefrom and of the whole of said original so far as the same relates to the subject matters therein referred to. I FURTHER CERTIFY that said County Legislature consists of 25 members; that the vote on the foregoing resolution was 24 ayes and 0 noes, with 1 members being absent or abstaining from voting. I FURTHER CERTIFY that the foregoing resolution as adopted by said County Legislature was duly approved by the County Executive of said County on December 10, 2025, in accordance with the provisions of Section 3.02 of the Dutchess County Charter. I FURTHER certify that all members of said Legislature had due notice of said meeting, and that, pursuant to Section 103 of the Public Officers Law (Open Meetings Law), said meeting was open to the general public, and that I duly caused a public notice of the time and place of said meeting to be given to the following newspapers and/or other news media as follows: Newspaper and/or other news media Date given Southern Dutchess News Poughkcopsic Journal December 5, 2025 December 5, 2025 and that I further duly caused public notice of the time and place of said meeting to be conspicuously posted in the following designated public location(s) on the following dates: Designated Location(s) of Posted Notice Date of Posting County Office Building 22 Market Street, 6th Floor Poughkeepsie, New York, 12601 December 5, 2025 IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the County Legislature this 9 day of December, 2025. Laura Phillips, County Legislatur UPPROVEL sue serine SUSAN J. SERINO COUNTY EXECUTIVE DEs. Dec. 10, 2025 -2- FISCAL IMPACT STATEMENT NO FISCAL IMPACT PROJECTED APPROPRIATION RESOLUTIONS (To be completed by requesting department) Total Current Year Cost $ 4.210,000 Total Current Year Revenue $° and Source Source of County Funds (check one): • Existing Appropriations, •Contingency, [Transfer of Existing Appropriations, E Additional Appropriations, D Other (oxplain). Identify Line Items(s): Related Expenses: Amount $ Nature/Reason: Anticipated Savings to County: Net County Cost (this year): $4,210,000 Over Five Years: Additional Comments/Explanation: The 2025 Buildings Capital Bond request includes $4,210,000 for professional services and construction services for projects at various county-owned buildings. The requested funding is necessary to keep the County's building assets in a state of good repair and ensure that building are in compliance with the NYS Building Code, and they are equipped with modern, code-compliant life safety systems. Prepared by: Robert H. Balkind, P.E. Prepared On: 8/29/2025 Dut pat Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 PRIN O/S 2025 DPW Buildings PRIN PAYMENT $4,252,100 4,039,495 3,826,890 3,614,285 3,401,680 3,189,075 2,976,470 2,763,865 2,551,260 2,338,655 2,126,050 1,913,445 1,700,840 1,488,235 1,275,630 1,063,025 850,420 637,815 425,210 212,605 $212,605 212,605 212,605 212,605 212,605 212,605 212,605 212,605 212,605 212,605 212,605 212,605 212,605 212,605 212,605 212,605 212,605 212,605 212,605 212,605 TOTAL AVG. PER YEAR $4,252,100 $212,605 FISCAL IMPACT STATEMENT INTEREST $192,195 182,585 172,975 163,366 153,756 144,146 134,536 124,927 115,317 105,707 96,097 86,488 76,878 67,268 57,658 48,049 38,439 28,829 19,219 9,610 $2,018,047 $100,902 TOTAL PRINCIPAL $4,252,100 ANTICIPATED INTEREST RATE (1) TERM 20 YEARS ANTICIPATED FEES: ANTICIPATED ANNUAL COST (PRIN + INT): TOTAL PAYBACK (ANNUAL COST × TERMS): PREPARED BY HEIDI SEELBACH " Rate is subject to change based upon a) maket conditions at time of debt issuance and b) term of financin! which is dependent upon the structuring of all debt issued when this project is ultimately financer TOTAL $404,800 395,190 385,580 375,971 366,361 356,751 347,141 337,532 327,922 318,312 308,702 299,093 289,483 279,873 270,263 260,654 251,044 241,434 231,824 222,215 $6,270,147 $313,507 4.52% $42,100 $313,507 $6,270,147 SUE SERINO COUNTY EXECUTIVE ROBERT H. BALKIND, PE. COMMISSIONER DAVID C. WHALEN DEPUTY COMMISSIONER DUTCHESS COUNTY GOVERNMENT DEPARTMENT OF PUBLIC WORKS MEMORANDUM TO: Gregg Pulver, Assistant County Executive FROM: Robert H. Balkind, P.E., Commissioner DATE: August 29, 2025 - October 22, 2025 RE: RESOLUTION REQUEST - 2025 BUILDINGS CAPITAL BOND REQUEST- REVISED The 2025 Buildings Capital Bond request includes $4,210,000 for professional services and construction services for projects at various county-owned buildings. The requested funding includes: Project Name Description Funding Project Phase Request Bowdoin Parks Staff Workshop Funding for design, Design and and Repair Garage environmental studies and construction $250,000 permitting estimates Dept. of Public Works Truck Repair Garage Fire Alarm and Safety Improvements - County wide ADA entrance Improvements - 22 & 60 Market St Renovations to include HVAC and safety $975,000 improvements System upgrades for life safety and code $1,700,000 Replace doors, entrance Design and construction Design and construction Construction phase $985,000 Demolition of Various Parks Structures Demolish buildings at Bowdoin Park, quiet Cove Park, and Wilcox Park and $300,000 Design and permitting restore grounds Total Project Estimate = $4,210,000 The requested funding is necessary to keep the County's building assets in a state of good repair and ensure that buildings are in compliance with the NYS Building Code, and they are equipped with modern. code-compliant life safety systems. cc: Mary F. Aldrich, MA, CPFO, Director of Fiscal Services, DPW attch. 626 Dutchess Turnpike, Poughkeepsie, New York 12603 | (845) 486-2085 | www.dutchessny.gov H0666/EA0671 -2025 Buildings Capital Request (APPROPRIATIONS Increase H0666.1620.4401.105 H0666.1620.3150 H0666.7110.66.4401.105 H0666.7110.66.3150 EA0671.5610.4401.105 EA0671.5610.3150 H0666.1620.3900 EA0671.5610.3900 Professional Services Building Reconstruction Professional Services Building Reconstruction Professional Services Building Reconstruction Bond Issue Costs Bond Issue Costs EA EA EA CA CA CA EA $ REVENUES Increase H0666.1620.57100 EA0671.5610.57100 Serial Bonds Serial Bonds $ $ 710,000 2,695,000 25,000 320,000 45,000 415,000 37,500 4,600 4,252,100 3,787,500 464,600 4,252,100 2025199 A RESOLUTION AUTHORIZING THE ISSUANCE OF $4,252, 100 SERIAL BONDS OF THE COUNTY OF DUTCHESS, NEW YORK, TO PAY THE COST OF THE RECONSTRUCTION OF VARIOUS COUNTY BUILDINGS, IN AND FOR SAID COUNTY was offered for discussion only at the November 6, 2025, Public Works and Capital Projects Committee Meeting, and considered at the December 8, 2025, Board Meeting. Roll call vote on the foregoing resolution at that time resulted as follows: AYES: 24 Atkins, Brendli, Caswell, D'Aquanni, Drago, Faust, Gorman, House, Houston, Kaul, Kearney, Lawler, McHoul, Metzger, Munn, Page, Paoloni, Polasek, Rolison, Travelpiece, Truitt, Valdés Smith, and Versaci NAYS: 0 ABSENT: 1 Johnson Resolution adopted. Public Works and Capital Projects Roll Call District District 7 - Hyde Park and Pleasant Valley Name Truitt* District 25 - Amenia, Washington, Pleasant Valley & Millbrook Houston* District 3 - LaGrange Polasek* District 16 - Fishkill and Beacon Valdés Smith* District 9 - City of Poughkeepsie Atkins* District 1 - Town of Poughkeepsie Gorman District 10 - City of Poughkeepsie Johnson (VC) District 12 - East Fishkill Metzger (C) District 13 - East Fishkill and Wappinger Paoloni District 15 - Wappinger Faust District 20 - Red Hook, Tivoli, and Rhinebeck Munn District 23 - Pawling, Beekman and East Fishkill Rolison Present: Absent: Vacant: Resolution: Motion: Total : Q Abstentions: Yes No @breat Yes No 2025199 A RESOLUTION AUTHORIZING THE ISSUANCE OF $4,252,100 SERIAL BONDS OF THE COUNTY OF DUTCHESS, NEW YORK, TO PAY THE COST OF THE RECONSTRUCTION OF VARIOUS COUNTY BUILDINGS, IN AND FOR SAID COUNTY DECEMBER 4, 2025 Roll Call Sheets District Present: Absent: Vacant: District 7 - Hyde Park and Pleasant Valley District 25 - Amenia, Washington, Pleasant Valley & Millbrook District 3 - LaGrange District 16 - Fishkill and Beacon District 9 - City of Poughkeepsie District 1 - Town of Poughkeepsie District 2 - LaGrange, Pleasant Valley & Town of Poughkeepsie District 4 - Hyde Park and Town of Poughkeepsie District 5 - Town of Poughkeepsie District 6 - Town of Poughkeepsie District 8 - City and Town of Poughkeepsie District 10 - City of Poughkeepsie District 11 - Clinton, Pleasant Valley, and Rhinebeck District 12 - East Fishkill District 13 - East Fishkill and Wappinger District 14 - Wappinger and Town of Poughkeepsie District 15 - Wappinger District 17 - Town and Village of Fishkill District 18 - City of Beacon and Fishkill District 19 - North East, Stanford, Pine Plains, Milan & Red Hook District 20 - Red Hook, Tivoli, and Rhinebeck District 21 - East Fishkill District 22 - Beekman and Union Vale District 23 - Pawling, Beekman and East Fishkill District 24 - Dover and Pawling Resolution: V Motion: Last Name YES Truitt Houston Polasek Valdés Smith Atkins Gorman Travelpiece Lawler D'Aquanni Kaul Brendli Johnson Kearney Metzger Paoloni Versaci Faust McHoul Page Drago Munn Caswell Garito Rolison House Total : 24 Yes Abstentions: O NO abseut No 2025199 A RESOLUTION AUTHORIZING THE ISSUANCE OF $4,252,100 SERIAL BONDS OF THE COUNTY OF DUTCHESS, NEW YORK, TO PAY THE COST OF THE RECONSTRUCTION OF VARIOUS COUNTY BUILDINGS, IN AND FOR SAID COUNTY DECEMBER 8, 2025