The current Town Board has no intention of selling or leasing Town-owned land without considering public opinion. New York State Town Law §64 provides that the decision of a Town Board to sell or lease Town-owned land is subject to a permissive referendum. A permissive referendum is a process by which members of the public may petition the Town Board to require the matter be submitted to a public vote. In the event a valid petition is timely submitted, the decision of the Town Board does not take effect unless and until it is approved by a majority of the qualified voters. New York State Town Law §94 provides that where a Town Board decision is subject to a permissive referendum, the Town Board has the authority to submit the matter to a referendum on its own motion, without waiting for a petition to be filed seeking a referendum. Therefore, in the event the Town Board decides to sell or lease Town-owned land the public will have an opportunity to petition the Town Board to hold a referendum, or the Town Board can decide on its own motion to submit the matter for a referendum.