Ripley Central School District

Revised Purchase of School Bus Proposition No. 2

PROPOSITION NO. 2
PURCHASE OF SCHOOL BUSES

Shall the following resolution be adopted?

BE IT RESOLVED, that the Board of Education (the “Board”) of the Ripley Central School District, Chautauqua County, New York (the “District”), is hereby authorized to purchase one (1) 65-passenger school buses and two (2) Chevrolet Suburbans for use in the transportation program of the District, and to expend therefore an aggregate sum not to exceed $268,820 and that the sum of $268,820, being the aforesaid estimated maximum cost, or so much thereof as may be necessary, shall be raised by the levy of a tax upon the taxable property of the District and collected in annual installments as provided by Section 416 of the Education Law, and, in anticipation of such tax, bonds or other obligations (including, without limitation, obligations arising under leases, lease/purchase contracts or installment purchase contracts having a term of not more than five years) of the District shall be issued or entered into in accordance with applicable provisions of New York State law.