OF PUBLIC WORKS, PARKS AND THE COUNTY SHERIFF’S OFFICE, IN AND FOR SAID COUNTY

PUBLIC WORKS AND CAPITAL PROJECTS DISCUSSION ONLY 10/9/2025 RESOLUTION NO. 2025160 BOND RESOLUTION DATED NOVEMBER 10, 2025. A RESOLUTION AUTHORIZING THE ISSUANCE OF AN AGGREGATE $2,127,060 SERIAL BONDS OF THE COUNTY OF DUTCHESS, NEW YORK, TO PAY THE COST OF THE PURCHASE OF EQUIPMENT AND VEHICLES FOR THE DEPARTMENTS OF PUBLIC WORKS, PARKS AND THE COUNTY SHERIFF'S OFFICE, IN AND FOR SAID COUNTY. WHEREAS, the capital project hereinafter described, as proposed, has been determined to be a Type II Action pursuant to the regulations of the New York State Department of Environmental Conservation promulgated pursuant to the State Environmental Quality Review Act, which regulations state that Type II Actions will not result in any significant adverse environmental impact; and WHEREAS, it is now desired to authorize the financing thereof, NOW, THEREFORE, BE IT RESOLVED, by the County Legislature of the County of Dutchess, New York, as follows: Section 1. To pay the cost of the purchase of equipment for maintenance and related purposes for the Departments of Public Works, Parks and the County Sheriff's Office, including in each case incidental equipment and expenses in connection therewith, there are hereby authorized to be issued an aggregate $2,127,060 serial bonds of the County of Dutchess, New York pursuant to the provisions of the Local Finance Law, apportioned as follows: For the purchase of equipment for maintenance and related purposes, each item of which costs $30,000 or over, at a maximum estimated cost of $2,085,650, being a class of objects or purposes, having a period of probable usefulness of fifteen years, pursuant to subdivision 28 of paragraph a of Section 11.00 of the Local Finance Law, $2,085,650 serial bonds of the aggregate $2,127,060 serial bonds of the County of Dutchess, New York, herein authorized; and b) For the purchase of equipment for maintenance and related purposes, which item costs over $15,000 but less than $30,000, at a maximum estimated cost of $41,410, being a class of objects or purposes, having a period of probable usefulness of ten years, pursuant to subdivision 28 of paragraph a of Section 11.00 of the Local Finance Law, $41,410 serial bonds of the aggregate $2,127,060 serial bonds of the County of Dutchess, New York, herein authorized Section 2. It is hereby determined that the aggregate maximum estimated cost of the aforesaid objects or purposes described in Section 1 hereof is $2,127,060, which objects or purposes are hereby authorized at said maximum estimated cost, and that the plan for the financing thereof by the issuance of the $2,127,060 serial bonds herein authorized to be issued therefore pursuant to the provisions of the Local Finance Law, apportioned to each such object or purpose as specified in Section 1 hereof. Section 3. 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 4. 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 5. 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 6. 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 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 7. 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. Section 8. 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 set aside with respect to the permanent funding of the object or purpose described herein. Section 9. The validity of such bonds and bond anticipation notes may be contested only if: 1) Such obligations are authorized for an object or purpose for which said County is not authorized to expend money, or 2) 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 10. 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-112-25 CEB/rjw G-0145-B 09/09/25 Fiscal Impact: See Attached CERTIFICATION FORM STATE OF NEW YORK ) SS.: COUNTY OF DUTCHESS 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 November 10, 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 member 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 November 13, 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 Poughkeepsie Journal November 7, 2025 November 7, 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 22 Market Street, 6" Floor, County Office Building Poughkeepsie, NY 12601 November 7, 2025 IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the County Legislature this 12 day of November, 2025. yellege APPROVED 1 Sue tered SUSAN J. SERINO COUNTY EXECUTIVE 11-13-2025 Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 2025 Capital Equipment - Highway, Parks and Sherff PRIN O/S PRIN PAYMENT $2,127,060 1,985,256 1,843,452 1,701,648 1,559,844 1,418,040 1,276,236 1,134,432 992,628 850,824 709,020 567,216 425,412 283,608 141,804 $141,804 141,804 141,804 141,804 141,804 141,804 141,804 141,804 141,804 141,804 141,804 141,804 141,804 141,804 141,804 TOTAL AVG. PER YEAR $2,127,060 $141,804 FISCAL IMPACT STATEMENT INTEREST $88,486 82,587 76,688 70,789 64,890 58,990 53,091 47,192 41,293 35,394 29,495 23,596 17,697 11,798 5,899 $707,886 $47,192 TOTAL PRINCIPAL $2,127,060 ANTICIPATED INTEREST RATE (1) TERM 15 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 financing which is dependent upon the structuring of all debt issued when this project is ultimately financed. TOTAL $230,290 224,391 218,492 212,593 206,694 200,794 194,895 188,996 183,097 177,198 171,299 165,400 159,501 153,602 147,703 $2,834,946 $188,996 4.16% $21,060 $188,996 $2,834,946 APPROPRIATIONS Increase H0664.7110.2400.05 H0664.7110.2400.10 H0664.5110.2400.10 H0664.5110.2400.20 H0664. 3110.2400.10 H0664.3110.2400.20 H0664.5110.3900 REVENUES Increase H0664.5110.57100 H0664 - 2025 Capital Equipment Highway and Street Equipment - 5 year Highway and Street Equipment - 10 year Highway and Street Equipment - 10 year Highway and Street Equipment - 20 year Highway and Street Equipment - 10 year Highway and Street Equipment - 20 year Bond Issue Costs Serial Bonds $ 35,000 $ 175,000 $ 290,000 $ 1,140,000 $ 41,000 $ 425,000 21,060 $ 2,21.060 $ 2,127,060 $ 2,127,060 Qty to Purchase Equipment Description 1 1 1 1 1 1 Gang Truck Ten-wheeler Dump/Plow Sander Truck Front End Loader w/attachments 12T Equipment Trailer Tractor with Gang Mower Gator Enciosed 16' Cargo Trailer Lenco Bearcat Emergency Rescue Truck Aluminum Dump Body DUTCHESS COUNTY DEPARTMENT OF PUBLIC WORKS 2025 CAPITAL EQUIPMENT REQUESTS gency: Useful Life H=Highwa (years) p=Parks Unit price S=Sheriff 10 20 20 10 10 5 10 20 10 H 190,000 H I I A A 400,000 340,000 100,000 175,000 $ UA LA VA 35,000 S 15,000 S 425,000 2026 Tolal Reques S Total Net Cost 190,000 800,000 340,000 100,000 175,000 35,000 15,000 425,000 26,000 2,106,000 Replacement Notes: Replace G-4 Replacement Replace WL-1 Replaces FB-1 Replacement Replacement new Replacement Keeps exist truck in service Comments 2025160 A RESOLUTION AUTHORIZING THE ISSUANCE OF AN AGGREGATE $2,127,060 SERIAL BONDS OF THE COUNTY OF DUTCHESS, NEW YORK, TO PAY THE COST OF THE PURCHASE OF EQUIPMENT AND VEHICLES FOR THE DEPARTMENTS OF PUBLIC WORKS, PARKS AND THE COUNTY SHERIFF'S OFFICE, IN AND FOR SAID COUNTY was offered for discussion only at the October 9, 2025, Public Works and Capital Projects Committee Meeting, and considered at the November 10, 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, Garito, Gorman, House, Houston, Kaul, Kearney, Lawler, McHoul, Metzger, Munn, Page, Paoloni, Polasek, Rolison, Travelpiece, Truitt, Valdés Smith, and Versaci NAYS: ABSENT: Resolution adopted. Johnson Public Works and Capital Projects Roll Call District Name District 7 - Hyde Park and Pleasant Valley 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 : Abstentions: Yes No absent Yes No 2025160 A RESOLUTION AUTHORIZING THE ISSUANCE OF AN AGGREGATE $2,127,060 SERIAL BONDS OF THE COUNTY OF DUTCHESS, NEW YORK, TO PAY THE COST OF THE PURCHASE OF EQUIPMENT AND VEHICLES FOR THE DEPARTMENTS OF PUBLIC WORKS, PARKS AND THE COUNTY SHERIFF'S OFFICE, IN AND FOR SAID COUNTY NOVEMBER 6, 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: _ Motion: Last Name 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 : Abstentions: YES NO Absent Yes No 2025160 A RESOLUTION AUTHORIZING THE ISSUANCE OF AN AGGREGATE $2,127,0100 SERIAL BONDS OF THE COUNTY OF DUTCHESS, NEW YORK, TO PAY THE COST OF THE PURCHASE OF EQUIPMENT AND VEHICLES FOR THE DEPARTMENTS OF PUBLIC WORKS, PARKS AND THE COUNTY SHERIFF'S OFFICE, IN AND FOR SAID COUNTY NOVEMBER 10, 2025