VILLAGE OF MONROE PERMISSIVE REFERENDUM TO ESTABLISH WATER DISTRIBUTION EQUIPMENT RESERVE ACCOUNT

Wednesday, November 5th, 2008

PLEASE TAKE NOTICE that on November 5, 2008, the Board of Trustees of the Village of Monroe, Orange County, New York adopted the following resolution:

Pursuant to Section 6-c of the General Municipal Law, as amended, this Board of Trustees does hereby establish a Capital Reserve Fund for Water Distribution Equipment. The Treasurer is hereby directed to deposit moneys of this reserve fund in a separate bank account to be known as the "Water Distribution Equipment" Reserve Fund. The Treasurer is authorized to invest, from time to time, the moneys of this fund pursuant to Section 6-f of the General Municipal Law. No expenditures shall be made from this fund, except upon authorization of this board pursuant to Section 6-c of the General Municipal Law.

Following publication, the foregoing resolution shall be posted in six (6) conspicuous places and in accordance with Section 9-902 of Village Law, shall take effect in thirty (30) days.

Dated: November 5, 2008
Completion: December 8, 2008