A RESOLUTION AUTHORIZING THE ISSUANCE OF $767,600 SERIAL BONDS OF THE COUNTY OF DUTCHESS, NEW YORK TO PAY A PART OF THE COUNTY’S SHARE OF THE COST OF THE PURCHASE OF BUSES FOR PUBLIC TRANSIT, IN AND FOR SAID COUNTY

PUBLIC WORKS & CAPITAL PROJECTS DISCUSSION ONLY 6/5/2025 RESOLUTION NO. 2025082 BOND RESOLUTION DATED JULY 14, 2025. A RESOLUTION AUTHORIZING THE ISSUANCE OF $767,600 SERIAL BONDS OF THE COUNTY OF DUTCHESS, NEW YORK TO PAY A PART OF THE COUNTY'S SHARE OF THE COST OF THE PURCHASE OF BUSES FOR PUBLIC TRANSIT, 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 Il Actions will not have a significant impact on the environment; 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. The County's share of the purchase of public transit buses, with alternative fuel modalities where appropriate and available, in and for the County of Dutchess, New York, including incidental equipment and expenses in connection therewith, is hereby authorized at a maximum estimated cost of $836,842. The total maximum estimated cost is $8,300,022. Section 2. It is hereby determined that the plan for the financing of said class of objects or purposes is as follows: a. by the issuance of $767,600 serial bonds of said County hereby authorized to be issued therefor pursuant to the provisions of the Local Finance Law; b. by the expenditure of $69,242 capital reserve fund monies, which monies are hereby authorized to be expended therefor; c. by the expenditure of $829,242 monies received or to be received from State grants- in-aid monies, which monies are hereby authorized to be expended therefor; and d. by the expenditure of $6,633,938 monies received or to be received from Federal grants-in-aid monies, which monies are hereby authorized to be expended therefor. Section 3. It is hereby determined that the period of probable usefulness of the aforesaid class of objects or purposes is ten years, pursuant to subdivision 29-a 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 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. All other matters except as provided herein relating to the serial bonds herein authorized including the date, denominations, maturities and interest payment dates, within the limitations prescribed herein and the manner of execution of the same, including the consolidation with other issues, and also the ability to issue serial bonds with substantially level or declining annual debt service, shall be determined by the Commissioner of Finance, the chief fiscal officer of such County. 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 51.00 of the Local Finance Law, as the Commissioner of Finance shall determine consistent with the provisions of the Local Finance Law. -2- Section 6. 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 7. 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 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 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. -3- Section 9. 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 such 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-058-25 G-0145-B CEB/rjw 5/19/2025 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 July 14, 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 23 ayes and 0 noes, with 2 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 July 17, 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 Southern Dutchess News Poughkeepsie Journal Date given July 11, 2025 July 11, 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'h Floor, County Office Building Poughkeepsie, NY 12601 July l1, 2APPROVED Susan Serio SUSAN J. SERINO COUNTY EXECUTIVE Dara July 17, 2025 IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the County Legislature this 15 day of July 2025. Righ Wager -2- Year 1 2 3 4 6 7 8 9 10 PRIN O/S $767,600 690,840 614,080 537,320 460,560 383,800 307,040 230,280 153,520 76,760 2025 Buses PRIN PAYMENT $76,760 76,760 76,760 76,760 76,760 76,760 76,760 76,760 76,760 76,760 $767,600 $76,760 INTEREST $31,088 27,979 24,870 21,761 18,653 15,544 12,435 9,326 6,218 3,109 $170,983 $17,098 TOTAL AVG. PER YEAR FISCAL IMPACT STATEMENT TOTAL PRINCIPAL $767,600 ANTICIPATED INTEREST RATE (1) TERM 10 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 $107,848 104,739 101,630 98,521 95,413 92,304 89,195 86,086 82,978 79,869 $938,583 $93,858 4.05% $7,600 $93,858 $938,583 ET0612 & ET0651 -Additional Funding for Public Transit Capital APPROPRIATIONS Increase ET0612.5680.2500.05 ET0651.5680.2300.10 ET0651.5680.3900 A.9950.9851 Other Equipment 5 Year Motor Vehicles 10 year Bond Issuing Costs Contribution to ET Capital $692,422 $7,600,000 $7,600 $69,242 $8,369,264 REVENUES Increase ET0612.5680.50310 ET0612.5680.35890.00 ET0612.5680.45890.00 ET0651.5680.35890.00 ET0651.5680.45890.02 ET0651.5680.57100 A. 9998.95110.87 Interfund Transfers Other Transp Capital Projects Other Transp Capital Projects Other Transp Capital Projects Other Transportation CMAQ Serial Bonds Appropriated Capital Reserve $69,242 $69,242 $553,938 $760,000 $6,080,000 $767,600 $69,242 $8,369,264 SUE SERINO COUNTY EXECUTIVE ROBERT H. BALKIND, P.E. COMMISSIONER DAVID C. WHALEN DEPUTY COMMISSIONER To: From: Date: Re: DutchesS COUNTY GOVERNMENT DEPARTMENT OF PUBLIC WORKS MEMORANDUM Rachel Kashimer, Deputy County Executive David C. Whalen, Deputy Commissioner DC May 6, 2025 RESOLUTION REQUEST - PUBLIC TRANSIT AUTHORIZING THE FILING AND EXECUTION OF SECTION 5307 AND 5339 FTA GRANT Attached please find a Resolution Request and Fiscal Impact Statements authorizing the filing and execution of Section 5307 and 5339 Federal funds, and State matching funds. Dutchess County has received notification of award of funding from the Federal Transit Administration (FTA) for assistance under Section 5307 ($6,080,000) and Section 5339 ($553,938). These funds will be used to support the Dutchess County Public Transit system. The applications provide funding for: • The purchase of twelve heavy-duty replacement buses for Dutchess County Public Transit (DCPT) using 5307 funds, all of which have exceeded their 10-year useful life. • Amend the existing FTA Grant NY-2023-034 to include additional Section 5339 funds for the acquisition of new fare boxes for the DCPT system. The total project cost is $8,292,422, which will be funded as follows: • Federal Funds: $6,633,938 (including up to $6,080,000 from Section 5307 and up to $553,938 from available Section 5339 funding) • State Matching Funds: $829,242 • County Matching Funds: $829,242 This resolution will authorize the County Executive or her designee to submit all necessary documentation, sign agreements, and accept FTA and New York State matching funds, which are essential to reducing the cost to taxpayers for the County transit system now and in the future. Please contact me if you have any questions or require additional information. 626 Dutchess Turnpike, Poughkeepsie, New York 12603 | 845) 486-2085 dutchessny.gov Resolution No. 2025082 A RESOLUTION AUTHORIZING THE ISSUANCE OF $767,600 SERIAL BONDS OF THE COUNTY OF DUTCHESS, NEW YORK TO PAY A PART OF THE COUNTY'S SHARE OF THE COST OF THE PURCHASE OF BUSES FOR PUBLIC TRANSIT, IN AND FOR SAID COUNTY, was offered for discussion only at the June 5, 2025, Public Works and Capital Projects Committee Meeting, and considered at the July 14, 2025, Board Meeting. Roll call vote on the foregoing resolution at that time resulted as follows: AYES: 23 Atkins, Brendli, Caswell, D'Aquanni, Drago, Faust, Garito, Gorman, Houston, House, Johnson, Kaul, Kearney, McHoul, Metzger, Munn, Page, Paoloni, Polasek, Rolison, Travelpiece, Truitt, and Versaci NAYS: ABSENT: 2 Resolution adopted. Lawler and Valdés Smith 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: 9 3 Resolution: Motion: Total : Abstentions: Yes No Absent Absent abpent yes, No 2025082 A RESOLUTION AUTHORIZING THE ISSUANCE OF $767,600 SERIAL BONDS OF THE COUNTY OF DUTCHESS, NEW YORK TO PAY A PART OF THE COUNTY'S SHARE OF THE COST OF THE PURCHASE OF BUSES FOR PUBLIC TRANSIT, IN AND FOR SAID COUNTY JULY 10, 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 23 2 District 24 - Dover and Pawling Resolution: Motion: Last Name YES Truitt Houston Polasek Valdés Smith abslut Atkins Gorman Travelpiece Lawler absent D'Aquanni Kaul Brendli Johnson Kearney Metzger Paoloni Versaci Faust McHoul Page Drago Munn Caswell Garito Rolison House Total : 23 Yes Abstentions: Q NO No 2025082 A RESOLUTION AUTHORIZING THE ISSUANCE OF $767,600 SERIAL BONDS OF THE COUNTY OF DUTCHESS, NEW YORK TO PAY A PART OF THE COUNTY'S SHARE OF THE COST OF THE PURCHASE OF BUSES FOR PUBLIC TRANSIT, IN AND FOR SAID COUNTY JULY 14, 2025