Councilman Mark Mayoka
The time spent over then past several weeks was well spent and has yielded extraordinary positive results,” says Councilman Mark Mayoka, Town of Huntington. Here are the undisputed facts:
1) The refunding plan that was attached to the refunding bond resolution which was prepared on March 13 was only a proposed plan and is stale.
2) The resolution allows for the plan to change and the plan has changed.
3) The new plan has re-evaluated the cost of issuance, underwriters discount, market conditions as well as bonding options.
4) Instead of saving $700,000 we will be saving significantly more money. In fact, we estimate that we will be saving over 1 million dollars.
5) The new refunding plan is also different than the previous refunding plan in that it uncovered a potential problem with the 2005 refunding segment of 7 million dollars in bonds. It is now probable that that we will not go forward with the refunding of the 2005 bond segment because it would yield only marginal savings and would be viewed negatively by the ratings agencies. This change in strategy was agreed to in a meeting with NYMAC and Supervisor Petrone on May 21. It was confirmed in an e-mail from NYMAC dated May 22.
6) The end result is that we now have a strategic financial plan in place for our bonding program that maximizes savings.
7) Between now and the date of issuance we will continue to review the available options to potentially find additional savings.
Pictured from left, kneeling front row, are: Cadets Doug Knoph, Henry Mack, Brianna Simpson, Taylor Miltner, and Carolyn Ciafardoni. Back row: Advisors Rich Miltner and Mike McCarrick, Cadets Chris Peters, Andrew Banger, Brian Ciafarfoni, Cody Cunningham, Mike Gunther, Advisor John Knoph, and MetLife’s Tom Collins. Photo by Steve Silverman
MetLife Foundation recently awarded a Volunteer Ventures grant of $1,000 to the Centerport Fire Department Cadets in support of a project proposed by Tom Collins, a MetLife employee who volunteers with the department. The grant will be used to supply the Cadets with turnout gear for their training programs.
The Volunteer Ventures Program encourages and supports employee involvement at the local level in nonprofit organizations that work to improve the quality of life for all. Grant are made for specific projects in which MetLife employees have continuing involvement as volunteers.
The Centerport Fire Department Cadets were chartered in 1981. Open to Centerport Fire District residents between the ages of 13-17, the program gives the cadets an introduction to hands-on training in firefighting and rescue services. More then 90% of cadet graduates continue as members of the Centerport Fire Department.
In a continuing effort to promote public safety, the Suffolk County Police Department will once again be participating in the Buckle Up New York-Click It or Ticket campaign from now through June 4.
Police officers throughout New York State will engage in this intensified enforcement effort that is coordinated and sponsored by the New York State Governor’s Traffic Safety Committee. The objective is to increase compliance with seat belt and child safety seat provisions of the New York State Vehicle and Traffic Law.
Suffolk County police officers will take a zero tolerance approach with those who violate New York State’s seat belt laws. Officers, including those assigned to the Aggressive Driving Task Force, will conduct numerous checkpoints and saturation patrols to raise the public’s awareness to the importance of wearing seat belts. Increasing seat belt and child safety seat use is one of the most effective ways to reduce crash-related injuries and fatalities.
New York State’s Vehicle and Traffic Law requires the use of safety restraints as follows:
All front seat occupants ages 8 and older must wear a seat belt.
- All rear seat passengers ages 8 through 15 must wear a seat belt.
- All children younger than 4 years old must be restrained in a federally approved child safety seat or if the child’s weight exceeds 40 pounds, in a child restraint system in conjunction with safety belts, the restraint system must meet size and weight recommendations of the manufacturer.
- Children ages 4 through 7 must be properly secured in an appropriate child restraint system, one that meets the child’s height and weight recommendations, according to the child restraint manufacturer. The vehicle’s safety belt alone is not a child restraint system.
Drivers are responsible for passengers younger than 16 years old who are found to be in violation of the law.