Narrative of Resolution:
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Rescind Resolution No. 382-22 authorizing $20,000,000 in Bonds for the SUNY Sullivan new Athletic Facility Complex
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RESOLUTION INTRODUCED BY MANAGEMENT AND BUDGET COMMITTEE TO RESCIND RESOLUTION NO. 382-22 AUTHORIZING THE ISSUANCE OF $20,000,000 IN BONDS
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WHEREAS, on August 29, 2022, the Sullivan County Legislature adopted Resolution 382-22 authorizing the issuance of $20,000,000 in bonds for the County of Sullivan's portion of the construction of a new athletic facility complex at SUNY Sullivan; and
WHEREAS, it appears that the proposed construction is not in the SUNY Sullivan’s plans in the near future.
NOW, THEREFORE BE IT RESOLVED, that Resolution No. 382-22 authorizing $20,000,000 in bonds is hereby rescinded effective immediately.