NOTICE

PURSUANT TO LOCAL FINANCE LAW SECTION 36.00

NOTICE lS HEREBY GIVEN THAT the Board of Trustees of the

Village of

Portville, New York (hereinafter referred to as the "Village"), by the favorable vote of not

less than two-thirds of all of the members of such Board has, on November 17,2025, adopted, pursuant to the Local Finance Law of the State of New York, a supplemental bond

resolution (the "Supplemental Bond Resolution") stating that:

WHEREAS, pursuant to a bond resolution dated

January 19,2021 (the "Original

Bond Resolution") the Board of Trustees of the Village of Portville, New York

(hereinafter referred to as the "Village") approved expenditures for, and the issuance

and sale of, up to $5,500,000 aggregate principal amount of general obligation bonds

and bond anticipation notes relative to the construction of water improvements; and

WHEREAS, the Village has duly authorized an additional increase and

improvement of facilities, and the actual project costs, including such

additional

improvements, have proved to be approximately $1,500,000 higher than the maximum

estimated project costs and the Village desires to provide for the financing thereof by

supplementing the Original Bond Resolution by the adoption of this Supplemental Bond

Resolution; and

WHEREAS, the Village, acting as lead agency under the State

Environmental

Quality Review Act and the applicable regulations promulgated thereunder ("SEQRA"),

has completed its environmental review and, on December 21,2020, has duly adopted

a negative declaration with respect to the type I action and has

determined that the

implementation of the action as proposed will not

result in any significant adverse

environmental impacts; now therefor, be it

RESOLVED BY THE BOARD OF TRUSTEES OF THE VILLAGE OF

PORTVILLE, NEW YORK, by the favorable vote of not less than two-thirds of all of the

members of such Board, as follows:

1. the Village shall continue to undertake the acquisition and construction of

water improvements, consisting of construction of water system

improvements, to

include, without limitation, the replacement of existing water main, improvements to the

water storage tanks,

improvements to the groundwater treatment wells and buildings,

the installation of controls and emergency power, water

meter replacement, the reinstatement of one groundwater well, and the acquisition of original furnishings,

equipment, machinery or apparatus, or the replacement of such equipment, machinery

or apparatus, and other incidental improvements that may be required in connection

therewith for such construction and Village use as set forth in the Original Bond

Resolution (hereinafter referred to as "purpose"), in an additional amount not to exceed

$1,500,000, and additional general obligation serial bonds in an aggregate principal

amount not to exceed $250,000 and bond anticipation notes in anticipation thereof (and

renewals thereof) of the Village are authorized to be issued to finance such additional

costs of said purpose and said additional amount is appropriated therefor; and

2. the maximum aggregate cost of said purpose, including preliminary costs

and costs incidental thereto and costs of the financing thereof is now estimated to be

$7,000,000 for said purpose and the plan for financing of said purpose is to provide up

to $5,500,000 of such maximum cost by the issuance of serial bonds and bond

anticipation notes as authorized under the Original Bond Resolution and to provide up

to $250,000 of such maximum cost by the issuance of bonds or bond anticipation notes

as authorized under the Supplemental Bond

Resolution, and to provide the

balance of

$1,250,000 from a State and Tribal

Assistance (STAG) Grant; and

3. (a) said purpose is one of the class of objects or purposes described in

Subdivision 1 of Paragraph (a) of Section 11.00 of the Local Finance Law, and that the

period of probable usefulness of said purpose is forty (a0) years, (b) the proposed

maximum maturity of said bonds authorized by the resolution will be in excess of five

years, (c) current funds required to be provided prior to the issuance of the bonds or

notes authorized, pursuant to Section 107.00 of the Local Finance Law, to the extent

applicable, if any, will be provided, (d) the notes authorized are issued in anticipation of

bonds for an assessable improvement, and (e) there are presently no outstanding bond

anticipation notes issued in anticipation of the sale of said bonds; and

4. the bonds and notes authorized by the resolution shall contain the recital

of validity prescribed in Section 52.00 of the Local Finance Law and such bonds and

notes shall be general obligations of the Village and all the taxable real property in the

Village is subject to the levy of ad valorem taxes to pay the principal thereof, and interest thereon, without limitation as to rate or amount, subject to applicable statutory

limitations, if any; and

5. the Village reasonably expects to reimburse the general fund, or such

other fund as may be utilized, from the proceeds of the

obligations

authorized for

expenditures, if any, from such fund that may be made for the purpose prior to the date

of the issuance of such obligations, and such is a declaration of official intent under

Treasury Regulation $1.150-2; and

6. the power to further authorize the issuance of said bonds and bond

anticipation notes and to prescribe the terms, form and contents of said bonds and bond

anticipation notes, including, without limitation, the power to contract and issue

indebtedness pursuant to $169.00 of the Local Finance Law, the

consolidation with

other issues, the determination to

issue bonds with substantially level or declining

annual debt service, all contracts for and determinations with respect to, credit and liquidity

enhancements, if any, and to sell and deliver said bonds and bond

anticipation

notes subject to the provisions of the resolution and the provisions of the Local Finance

Law, is delegated to the Village Treasurer, the Village's chief fiscal officer, the Village

Treasurer and the Village Clerk are authorized to sign by manual or facsimile signature

any bonds and bond anticipation notes issued pursuant to the resolution, and are

authorized to affix to such bonds and bond anticipation notes the corporate seal of the

Village of Portville and to attest the same; and

7. the faith and credit of the Village of Portville, New York, are

irrevocably

pledged for the payment of the principal of and interest on such bonds and bond

anticipation notes 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; and

8. after compliance with the next paragraph hereof, the supplemental bond

resolution, or a summary thereof, shall be published in full by the Village Clerk of the

Village of Portville together with a notice in substantially the form prescribed by Section

81.00 of said Local Finance Law, and such publication shall be in each

official

newspaper of the Village, in the manner prescribed by law, and the

validity of said

bonds and bond anticipation notes issued in anticipation of the sale of said serial bonds

may be contested only if such obligations are authorized for an object or purpose for

which said Village is not authorized to expend money, or the provisions of law which

should be complied with, at the date of publication of the resolution are not substantially

complied with, and an action, suit or proceeding contesting such validity is commenced

within twenty (20) days after the date of such publication; or if said

obligations are

authorized in violation of the provisions of the

Constitution.

9. Such Supplemental Bond Resolution is subject to a permissive

referendum of the qualified electors of the Village of Portville, pursuant to Section 36.00

of the Local Finance Law and petitions protesting and requesting that it be submitted to

the electors of the Village of Portville for their approval or disapproval, may be filed with

the Village Clerk at any time within thirty (30) days after the date of the adoption of such

resolution.

By order of the Board of Trustees of the Village of Portville, New York.

DATED: November17,2025

illage Clerk

Village of Portville, New York