VERONA, N.Y. (WKTV) - The Town Supervisor of Verona says "not so fast" on the Partnership Plan between Oneida County and the Oneida Indian Nation.

On Saturday, Town Supervisor Owen Waller hosted a town hall meeting on the issue, where he talked to residents about why he thinks the Partnership Plan is a bad idea.

"In ten years, there is no steady revenue stream for the town to support the infrastructures," Waller said. "And the agreement is so loosely put together that I don't foresee how the town will survive past that 10 year agreement."

Just over a week ago, Oneida County Executive Anthony Picente announced he had come to an agreement with the Oneida Indian Nation. The main point, the county will get $30 million up front, then two and a half million each year for the next ten years.

In exchange, the county will end its legal challenge to 8,000+ acres of Nation land currently in trust with the federal government. And after five more years, the Nation can add another 1,800 acres.

The Oneida Nation released a statement regarding the town hall meeting, calling it "A pep rally designed to roll out the same old, tired arguments that have kept Oneida County stuck in reverse gear for years. Anyone who wishes to contribute meaningfully to the future should attend the official hearing on Monday."

"This is you, this isn't a pep rally," said Assemblyman David Townsend to the crowd.

The Turning Stone Resort and Casino, the main source of income for the Oneidas, is in Verona, and Verona's Town Supervisor says the $55 million proposed is just a fraction of what is owed. He says don't be so fast to settle; wait for the court process to come to a decision.

"After the victories I the Rhode Island case and the Hawaii case, why now sit down and negotiate this type of settlement when we have rulings that are about to come down from the higher courts in the next couple of months," Waller said. "What I'm asking is for him to be patient...let it play out in court. And then, after that, we can all sit down an negotiate something that's fair and equitable for all sides."

"I commend the County Executive and the Oneidas for coming to the table and negotiating," said Congressman Michael Arcuri. "I just think we have to continue the negotiations because I do not think this is where we need to be."

The Oneida County Legislature has to vote on the Partnership Plan, and may do so as early as next Wednesday.

But before that, the public can have their say at a public hearing scheduled for Monday, May 18 at Vernon-Verona-Sherrill High School at 6:30 p.m..