314.2014 Authorizing Closure of Highway Fuel Storage Tanks Capital Project Fund #178 RESOLUTION AUTHORIZING CLOSURE OF HIGHWAY FUEL
STORAGE TANKS CAPITAL PROJECT FUND #178
RESOLUTION NO.: 314, 2014
INTRODUCED BY: Mr. William VanNess
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Brian Clements
WHEREAS, in accordance with Resolution No.: 317, 2010, the Queensbury Town
Board established the Highway Fuel Storage Tanks Capital Project Fund #178 which Fund
established funding for expenses associated with the closure and replacement of underground
fuel storage tanks at the Town Highway Garage, and
WHEREAS, the Town's Facilities Manager has advised that the Project is complete and
Fund #178 can be closed, and
WHEREAS, the Town's accounting records show that there is approximately $94,025.15
remaining in Fund #178, and
WHEREAS, the Town Board wishes to close such Fund #178 and transfer its remaining
balance back to the Town's General Fund and/or toward the BAN principal payment,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes and directs the Town
Budget Officer to close the Highway Fuel Storage Tanks Capital Project Fund #178 and transfer
$30,000 to the Town's General Fund and $64,025.15 towards the BAN principal payment that is
due October 1, 2014 as follows:
• 001-0000-55031 Interfund Revenues—Increase by $94,025.15
• 001-9730-6030 Ban Principal - Increase by $64,025.15
• 178-9901-9128 Transfer to Operating Funds - Increase by $94,025.15
and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor,
Town Budget Officer, Accountant and Facilities Manager to take such other and further action as
may be necessary to effectuate all terms of this Resolution.
Duly adopted this 8th day of September, 2014, by the following vote:
AYES Mr. Metivier, Mr. Clements, Mr. VanNess, Mr. Strough
NOES None
ABSENT: Mr. Irish