Present: P. Penniman, Chair; L. McBean; M. Robertson
Excused: D. Booth and T. Todd
Guest: K. Luz Herrera
Staff: D. Squires, Finance Director; K. Smithers, Deputy County Administrator

Called to Order
 The meeting was called to order at 3:36 p.m.

Resolutions
 Bond Resolution - Cooperative Extension

 Mr. Penniman stated in the past the County has assisted Cooperative Extension with financing their building. This resolution is another part of the agreement to help them.
 Mr. Squires said a resolution was approved several months ago approving the repayment plan. He said the Board advanced Cooperative Extension $180,000 and entered into a contractual agreement for repayment of that amount. In the 2002 Capital Program, $105,000 was allocated to use to connect their two buildings. Bids for the project have been received and they would like to proceed as soon as possible. In addition, Bond Counsel contacted him and said there are finances that need to be renewed next month and approving this resolution now would allow that to happen as well.
 It was MOVED by Ms. Robertson, seconded by Ms. McBean, to submit the following resolution to the full Board for approval. Ms. Robertson stated she is on the Cooperative Extension Board and said there were three bids received and there was agreement with accepting the lowest bidder. The next meeting is February 7th as a follow-up to the action taken by the Board of Representatives this evening.
 A voice vote resulted as follows on the resolution: Ayes - 3, Noes - 0, Excused - 2 (Representatives Booth and Todd). RESOLUTION ADOPTED.

RESOLUTION NO. - RESOLUTION AUTHORIZING THE ISSUANCE OF $105,000 SERIAL   BONDS OF THE COUNTY OF TOMPKINS, NEW YORK, TO PAY   THE COST OF THE RECONSTRUCTIONOF THE BUILDING   COMMONLY KNOWN AS THE CORNELL COOPERATIVE   EXTENSION OF TOMPKINS COUNTY BUILDING

WHEREAS, the County of Tompkins, New York, has entered into an agreement with the Cornell Cooperative Extension of Tompkins County pursuant to which the County has leased the building located at 303 West Lincoln, Ithaca, and
WHEREAS, such building is adjacent to the building located at 615 Willow Avenue in Ithaca, and
WHEREAS, the building at 303 West Lincoln requires various improvements and the County desires to construct and finance such improvements, and
WHEREAS, all conditions precedent to the financing of the capital project, including compliance with the provisions of the State Environmental Quality Review Act, have been performed, and
WHEREAS, it is now desired to authorize the financing of such capital project, now therefore be it
RESOLVED, on recommendation of the Budget and Capital Committee, That by the Board of Representatives of the County of Tompkins, New York, as follows:
Section 1.  For the specific object or purpose of paying the cost of the reconstruction of the building located at 303 West Lincoln, Ithaca, commonly known as the Cornell Cooperative Extension of Tompkins County Building, including the purchase and installation of original furnishings, equipment and apparatus to be used thereat and incidental improvements and expenses in connection therewith, at a maximum estimated cost of $105,000, there is hereby authorized to be issued $105,000 serial bonds of said County, pursuant to the provisions of the Local Finance Law.
Section 2.  It is hereby determined that the maximum estimated cost of such specific object or purpose is $105,000, and that the plan for the financing thereof is by the issuance of the $105,000 serial bonds of said County, authorized to be issued pursuant to this bond resolution.
Section 3.  It is hereby determined that the period of probable usefulness of the aforesaid specific object or purpose is twenty years, pursuant to subdivision 12(a)(1) of paragraph a of Section 11.00 of the Local Finance Law, because such building is a class "A" building within the meaning of subdivision 11 thereof.
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 County Finance Director, 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 County Finance Director, consistent with the provisions of the Local Finance Law.
 Section 5.  The faith and credit of said County of Tompkins, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such obligations 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 obligations 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 obligations 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 Tompkins, New York, by the manual or facsimile signature of the County Finance Director and a facsimile of the corporate seal shall be imprinted or impressed thereon and 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 County Finance Director, who shall advertise such bonds for sale, conduct the sale, and award the bonds in such manner as he shall deem best for the interests of the County; provided, however, that in the exercise of these delegated powers, he 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 County Finance Director 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 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 County Finance Director and, 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 County Finance Director. 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 County Finance Director shall determine.
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
3) Such obligations are authorized in violation of the provisions of the Constitution.
 Section 10.  This resolution shall constitute a statement of official intent for purposes of Treasury Regulations Sections 1.150 – 2(d) and (e). 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 11. This resolution, which takes effect immediately, shall be published in full in the Ithaca Journal, which is hereby designated as the official newspaper of such County for purposes of this bond resolution, together with a notice of the Clerk of the Board of Representatives in substantially the form provided in Section 8l.00 of the Local Finance Law.
SEQR ACTION: TYPE II-20

 Mrs. Smithers commented that the College was awarded more State Aid than anticipated. In order to receive the money, the two sponsoring counties need to approve the resolution below.
 It was MOVED by Ms. McBean, seconded by Ms. Robertson, and unanimously adopted by voice vote by members present, to submit the following resolution to the full Board for approval:

RESOLUTION NO.  - INCREASE IN 2000-2001 STATE OPERATING AID FOR TOMPKINS CORTLAND COMMUNITY COLLEGE

WHEREAS, Section 602.8 of the "Official Compilation of Codes, Rules and Regulations of the State of New York" limits total State operating aid to the budgeted or actual whichever is less, and
WHEREAS, the actual total State operating aid for the 2000-2001 College fiscal year for Tompkins Cortland Community College was greater than budgeted, and
WHEREAS, operating budget amendments require College Board of Trustee, Sponsor, and State University of New York Trustee approval, now therefore be it
RESOLVED, on recommendation of the Budget and Capital Committee, That the budgeted 2000-2001 State operating aid for Tompkins Cortland Community College be increased $56,476 from $5,291,912 in the originally approved budget to $5,348,388 in the amended budget, with no increase in the total operating costs or sponsor contribution,
RESOLVED, further, That certified copies of this Resolution be sent to the Cortland County Legislature, the Board of Trustees of Tompkins Cortland Community College, the Board of Trustees of the State University of New York, and the State University Construction Fund,
 RESOLVED, further, That this Resolution shall become effective upon the adoption of a concurrent resolution by the Cortland County Legislature.
SEQR ACTION: TYPE II-20