Supervisor DeSena offered the following resolution and moved its adoption, which resolution was declared adopted after a poll of the members of this Board:

RESOLUTION NO. 30 - 2024

A RESOLUTION AUTHORIZING THE MAKING OF A SHORT TERM LOAN FROM THE TOWN OUTSIDE VILLAGE FUND TO THE GENERAL FUND.

    WHEREAS, to cover a cash shortfall in the Town of North Hempstead’s (the “Town”) General Fund while the Town waits for the County of Nassau to remit the Town’s portion of sales tax revenue, the Town Board (the “Board”) wishes to authorize a $3,000,000.00 loan by the Town Outside Village Fund (Part-Town and Highway) to the Town General Fund for a term ending December 31, 2024, at an annual interest rate of 0.30% (the “Loan”).

    NOW, THEREFORE BE IT 

    RESOLVED that the Board hereby authorizes the making of the Loan; and be it further 

    RESOLVED the Supervisor and the Comptroller are hereby authorized to take such action as may be necessary to effectuate the foregoing.

Dated:    Manhasset, New York

                January 9, 2024

The vote on the foregoing resolution was recorded as follows:

Ayes: Councilperson Adhami, Councilperson Scott, Councilperson Troiano, Councilperson Walsh, Supervisor DeSena. 

Nays: Councilperson Dalimonte.

Absent: Councilperson Liu. 

cc:       Town Attorney           Comptroller