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Canajoharie board authorizes purchase of 209 Erie Blvd., OKs bond up to $375,000
Summary
The Canajoharie Town Board approved a bond resolution authorizing acquisition of 209 Erie Boulevard to serve as a new town hall and delegated bond issuance powers to the Town Supervisor; the board also completed a SEQR negative declaration for the project.
The Canajoharie Town Board on May 8 approved a bond resolution authorizing acquisition of 209 Erie Boulevard and permitting issuance of serial bonds not to exceed $375,000 to finance the purchase and necessary site and equipment work.
Supervisor Michael Muhlebeck offered the bond resolution, which Councilman Raymond Kiefl seconded; roll-call voting recorded all five members—Muhlebeck, William Armitstead, Rodney Young, Mike Ehrenreich and Raymond Kiefl—voting aye. The resolution designates the Town’s plan to finance the purchase through bond issuance and application of amounts from the Town’s Building Fund and declares a maximum project cost of $375,000.
Separately, the board adopted Resolution #10 declaring itself lead agency under the State Environmental Quality Review Act (SEQRA) and issued a negative declaration that the acquisition is an Unlisted action with no significant environmental impacts. Councilman William Armitstead sponsored the SEQR motion; Raymond Kiefl seconded, and the board voted unanimously.
The bond resolution delegates authority to the Town Supervisor to prescribe terms for bonds and bond anticipation notes and contains provisions addressing federal tax-exempt treatment of interest and continuing disclosure obligations. The resolution also states that its adoption is subject to permissive referendum as provided in the Local Finance Law.
Next steps noted in the meeting record include administrative tasks required to publish the bond resolution as required by law and to proceed with any notes or bond anticipation notes if needed. The board did not record any amendments to the resolution during the meeting.
