NOTICE OF PERMISSIVE REFERENDUM

TOWN OF ESOPUS ADOPTED SAID RESOLUTION

AUTHORIZING THE TOWN OF ESOPUS TO ENTER INTO AN OPTION TO LEASE

REAL PROPERTY SUBJECT TO A PERMISSIVE REFERENDUM on April 3, 2018

BE IT RESOLVED, by the Town Board of the Town of Esopus, in the County of Ulster, State of New York the following:WHEREAS, the Town of Esopus own certain real property situated at 70 West Shore Drive, West Park, New York containing approximately 35 acres of land more or less; andWHEREAS, THE Town Board for the Town of Esopus has determined that said real property which was formerly the Town of Esopus Landfill is not needed for municipal purposes; and WHEREAS, West Shore Solar LLC wishes to enter into an Option Agreement to plan, finance, development, design, build, own and operate a renewable energy storage generation and distribution system on said real property; and

WHEREAS, West Shore Solar has agreed to pay to the Town of Esopus the sum of $10,000.00 upon executing the Option Agreement and additional sums of $10,000.00 on the first and second anniversary of the execution of the Option Agreement and further that if West Shore Solar elects to exercise its option to lease said premises, it shall pay to the Town of Esopus the sum of $26,500.00 per year during the first year of said Lease.NOW, THEREFORE, BE IT RESOLVED, that the Town of Esopus Town Board at a regular session thereof duly conveyed does hereby authorize and direct the Supervisor of the Town of Esopus to execute the Option to Lease Agreement for the aforesaid real property subject to a permissive referendum as permitted by law.

Holly A. Netter

Town Clerk, RMC

845 331 3709