LEGAL NOTICE OF ESTOPPEL

The bond resolution, a summary of which is published herewith, has been adopted on July 11, 2018, and the validity of the obligations authorized by such resolution may be hereafter contested only if such obligations were authorized for an object or purpose for which the Town of Butternuts, Otsego County, New York, is not authorized to expend money, or if the provisions of law which should have been complied with as of the date of publication of this notice were not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of publication of this notice, or such obligations were authorized in violation of the provisions of the Constitution.  Such resolution was subject to permissive referendum.  The period of time has elapsed for the submission and filing of a petition for a permissive referendum, and a valid petition has not been submitted and filed in connection with such resolution.

A complete copy of the resolution summarized herewith is available for public inspection during regular business hours at the Office of the Town Clerk for a period of twenty days from the date of publication of this Notice.

Dated: Gilbertsville, New York,

August 9, 2018.

                                                                                                                              _____Jacqueline Foster____

                                                                                                              Town Clerk

BOND RESOLUTION DATED JULY 11, 2018.

A RESOLUTION AUTHORIZING, SUBJECT TO PERMISSIVE REFERENDUM, THE REconstruction of THE TOWN-OWNED BUILDING LOCATED AT 617 STATE HIGHWAY 51, IN AND FOR the Town of Butternuts, Otsego county, new york, at a maximum estimated cost of $500,000 and authorizing the issuance of $500,000 serial bonds of said town to pay the cost thereof.

Specific object or purpose:                           Reconstruction of Town-owned bldg. at 617 State Highway 51

Period of probable usefulness:                     10 years, subject to permissive referendum

Maximum estimated cost:                             $500,000

Amount of obligations to be issued:             $500,000 serial bonds

SEQRA status:                                              Type I Action.  Negative Declaration.  SEQRA compliance materials on file in the office of the Town Clerk where they may be inspected during regular office hours.