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New Scotland Archives — The Altamont Enterprise, February 9, 2012


Also gets $13K from FEMA
Village names new trustee for LOSAP

VOORHEESVILLE — The village board passed its second resolution of the year last week, naming a different bank trustee of the $394,000 investment account for fire and rescue volunteers.

The village oversees the account for the Length of Service Award Program, or LOSAP. Penflex, Inc. acts as administrator, said village attorney Anne-Jo McTague. LOSAP gives tax-deferred income benefits to volunteers.

The board agreed to move the funds from UBS Financial Services to the Glens Falls National Bank.

Anthony Hill, a Penflex representative, told the board in January that UBS would assess a small transfer fee of $95.

Other business

In other business, the board recently:

Heard from Superintendent of Public Works Will Smith that the village would receive $13,000 from the state for Federal Emergency Management Act funds available from Tropical Storm Irene;

Learned from Smith that the village-acquired home at 14 Altamont Road has been stripped of metal and other belongings. Income from the recycled materials matched the amount of disposal fees, Smith said.

Later, Fire Chief Dave Gannon asked if the home could be used by the fire department for training on a permanent basis or by coordinating its removal with a fire drill.

“I don't want it to be more of an eyesore than it already is,” said Mayor Robert Conway. “That'd be fine”; and

— Agreed to lease a new copier for Village Hall at $105 per month.

By Jo E. Prout


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