The Town Board hereby establishes a reserve fund for the reserve
and dedication of monies to acquire real property, and interests or
rights in real property, for the purposes of preserving and protecting
such property as authorized General Municipal Law § 247,
and creating and maintaining new park and recreational spaces.
The Town Board finds and declares it to be the public policy
of the Town to preserve, protect, and conserve its natural resources
and environmentally sensitive areas, and to expand and enhance the
Town's parklands and recreational spaces. To these ends, and
consistent with the priorities and goals established in the Town's
2017 Comprehensive Plan, the Town Board hereby establishes a reserve
fund dedicated to the acquisition, improvement, maintenance, and preservation
of open space land for conservation, park, and recreational purposes.
The Town Comptroller shall invest and monitor the monies in
Open Space Preservation Reserve Fund Account in accordance with the
provisions of Article 2 of the New York General Municipal Law and
all other applicable statutes and regulations.