Town of Coeymans

NOTICE – Coeymans Fire District Special Election – June 5, 2018


NOTICE IS HEREBY GIVEN that pursuant to a resolution of the Board of Fire Commissioners dated April 9, 2018, a Special Election of the qualified voters of the Coeymans Fire District will be held at the Coeymans Firehouse located at 67 Church Street, Coeymans, New York 12045, on Tuesday, the 5th day of June, 2018, between the hours of 6:00 p.m. and 9:00 p.m. to vote upon a proposition seeking approval of a bond resolution summarized as follows:

Bond resolution adopted by the Board of Fire Commissioners of the Coeymans Fire District, on April 9, 2018 authorizing:

(a) the acquisition of a Custom Rescue-Pumper fire apparatus including incidental equipment, expenses, and services in connection therewith at a maximum estimated cost of $650,000.00 with a period of probable usefulness of 20 years;
(b) a sum not to exceed $250,000.00 to be expended from the Fire District’s Apparatus Capital Reserve Fund to pay a portion of the costs thereof;
(c) the Fire District Treasurer to issue serial bonds of the Fire District in an amount not to exceed $500,000.00 to pay a portion of the costs thereof;
(d) the Fire District Treasurer to issue serial bonds of the Fire District at the prevailing rate of interest on the date of issuance which is reasonably anticipated to be at a rate of approximately 2.59% for a term of five years;
(e) and delegating to the Fire District Treasurer the powers necessary to issue such bonds and bond anticipation notes in anticipation of the sale of such bonds and;
(f) an amount to be collected within the annual levy of the Fire District tax to pay the principal and interest on said bonds; such amount to be offset by any federal, state, county, and/or local funds received; and pledging the faith and credit of the Fire District for the payment of the principal of and interest on said bonds.

Pursuant to Town Law § 175-a all Fire District residents who have resided in the Coeymans Fire District as of May 7, 2018 and who are duly registered to vote with the Albany County Board of Elections on or before May 14, 2018 shall be entitled to vote at this Special Election.

Judy Frangella, Secretary April 9, 2018
Coeymans Fire District
67 Church Street
Coeymans, NY 12045