NOTICE – Adoption of Resolution Subject to Permissive Referendum


            NOTICE IS HEREBY GIVEN that at a regular meeting held on the 8th day of February, 2018, the Town Board of the Town of Coeymans, Albany County, New York, duly adopted a bond resolution entitled “BOND RESOLUTION DATED FEBRUARY 8, 2018; A RESOLUTION AUTHORIZING THE ISSUANCE OF SERIAL BONDS OF THE TOWN OF COEYMANS, ALBANY COUNTY, NEW YORK IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $214,512 PURSUANT TO THE LOCAL FINANCE LAW TO FINANCE THE PURCHASE OF A 2019 DUMP TRUCK, PROVIDING THAT THIS RESOLUTION SHALL BE SUBJECT TO A PERMISSIVE REFERENDUM, AND DELEGATING CERTAIN POWERS IN CONNECTION THEREWITH TO THE TOWN SUPERVISOR”, an abstract of which follows, which resolution is subject to permissive referendum pursuant to Section 35 of the Local Finance Law and Article Seven of the Town Law of the State of New York.

Said resolution authorizes the acquisition of a 2019 International dump truck with plow, wing and dump body, having an aggregate estimated maximum cost of $214,512, and a period of probable usefulness of 15 years.  The resolution further authorizes the issuance of serial bonds of the Town of Coeymans, Albany County, New York, in an aggregate principal amount not to exceed $214,512 pursuant to the Local Finance Law to finance a portion of the cost thereof, with a proposed maturity in excess of 5 years, and delegates certain powers to the Town Supervisor.

It has been determined that such purpose constitutes a Type II unlisted action as defined under the State Environmental Quality Review Regulations, which will not have a significant effect on the environment.

Said resolution shall take effect thirty days after adoption, unless there shall be filed with the Town Clerk a petition signed and acknowledged by the electors of the Town qualified to vote upon a proposition to raise and expend money, in number equal to at least five percentum of the total vote cast for governor in the Town at the last general election held for the election of State officers, protesting against the resolution and requesting that the matter be submitted to the qualified electors of the Town at a referendum in the manner provided by the Town Law.

A copy of the resolution is available for public inspection during normal business hours at the Office of the Town Clerk, located at the Town Hall, 18 Russell Avenue, Ravena, New York.

Dated:  February 8, 2018

                                                                                    Cindy L. Rowzee
Town Clerk


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