NOTICE OF ADOPTION OF RESOLUTION
SUBJECT TO PERMISSIVE REFERENDUM
NOTICE IS HEREBY GIVEN that at a regular meeting held on September 22, 2022, the Town Board of the Town of Coeymans, Albany County, New York, duly adopted a resolution entitled “Resolution to Establish Capital Reserve Fund”, an abstract of which follows, which resolution is subject to permissive referendum pursuant subdivision 4 of Section 6-c of the General Municipal Law of the State of New York.
Abstract: The purpose of this Reserve Fund is to accumulate moneys to finance the cost of specific capital improvements. The specific capital improvement to be financed from the Reserve Fund is the construction and renovation of Town Hall, together with any and all associated costs.
Pursuant to Article 7 of the Town Law, 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.
By order of the Town Board of the Town of Coeymans dated September 22, 2022
Coeymans Town Clerk