Joint Consolidation Agreement - General Water District
PLEASE TAKE NOTICE OF THE JOINT CONSOLIDATION AGREEMENT AND SUMMARY THEREOF FOR CONSOLIDATION OF TWO WATER DISTRICTS AND ANY ASSOCIATE EXTENSIONS IN THE TOWN OF EAST GREENBUSH
A copy of the Consolidation Agreement and summary may be viewed in the Town Clerk’s Office, 225 Columbia Turnpike, Rensselaer, New York 12144 or by clicking the following link: Joint Consolidation Agreement
SUMMARY OF THE JOINT CONSOLIDATION AGREEMENT
The Joint Consolidation Agreement is to be entered into by the Town of East Greenbush with the Hampton Manor – Hillview Water District No. 4, and the East Greenbush General Water District and any associated water district extensions.The Town will as of January 1, 2019 be consolidating these two water districts and any associated water district extensions into one consolidated water district.All property of the two water districts and any extensions thereto will be transferred to the consolidated water district and any liabilities paid from the consolidated water district balances.The bonded indebtedness and any capital improvements of the consolidated water district will be financed based on a benefit basis on taxable real property within the consolidated water district.
A public hearing upon the consolidation will be held by the Town Board at the Town Hall, 225 Columbia Turnpike, Rensselaer, New York, not less than 35 days or more than 90 days after October 17, 2018.Notice of the date and time of the public hearing will be posted and published pursuant to Section 754 of the General Municipal Law of the State of New York.
A copy of the Joint Consolidation Agreement and this summary may be reviewed at the Town Clerk’s Office, 225 Columbia Turnpike, Rensselaer, New York 12144 or on the town’s website.