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4.4 4.4 ROAD DEDICATIONTetter of Credit—Release to Michaels Group—Meldon Circle Completed—7-25-16 RESOLUTION AUTHORIZING RELEASE OF LETTER OF CREDIT IN CONNECTION WITH DEDICATION OF MELDON CIRCLE IN THE HILAND CROSSINGS SUBDIVISION RESOLUTION NO.: ,2016 INTRODUCED BY: WHO MOVED FOR ITS ADOPTION SECONDED BY: WHEREAS, by Resolution No.: 292,2010 the Queensbury Town Board authorized the dedication of Meldon Circle in the Hiland Crossings Subdivision to the Town of Queensbury and at the time of dedication, the developer, The Michaels Group, LLC, provided the Town with a $35,200 Letter of Credit with The Adirondack Trust Company to ensure placement of the top coat on such road, and WHEREAS, the Town's Highway Superintendent has advised the Town Board that the road has been completed to the Highway Superintendent's satisfaction and therefore has requested that the Town Board authorize the release of the Letter of Credit, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby authorizes the release of the Letter of Credit to The Michaels Group, LLC in connection with the dedication of Meldon Circle in the Hiland Crossings Subdivision, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Highway Superintendent to provide a certified copy of this Resolution to The Michaels Group, LLC and/or The Adirondack Trust Company and the Town Supervisor, Town Highway Superintendent and/or Town Budget Officer to take such other and further action necessary to effectuate the terms of this Resolution. Duly adopted this 25ffi day of July, 2016,by the following vote: AYES NOES ABSENT: i RESOLUTION ACCEPTING DEDICATION OF MELDON CIRCLE IN THE HILAND CROSSINGS SUBDIVISION AND ACCEPTANCE OF LANDSCAPING MAINTENANCE AND USE EASEMENT RESOLUTION NO.292,2010 INTRODUCED BY: Mr.Anthony Metivier WHO MOVED ITS ADOPTION SECONDED BY: Mr. Ronald Montesi WHEREAS, The Michaels Group, LLC (Developer) has offered a deed to dedicate Meldon Circle in the Hiland Crossings Subdivision to the Town of Queensbury as described in a Survey prepared by VanDusen& Steves,Land Surveyors,LLC, dated October 14, 2009, and WHEREAS, the Town of Queensbury wishes to retain ownership of the Old Meadowbrook Road due to subsurface fiber optic and utility lines and therefore, the Developer, as owner of all lands adjacent to Old Meadowbrook Road, has also requested and submitted for Town Board approval, a proposed Landscaping Maintenance and Use Easement (Easement) from the Town for landscape maintenance and the construction and maintenance of a pedestrian and bicycle path, WHEREAS, the Town Highway Superintendent has inspected the road and recommended its acceptance contingent upon the Developer completing the top coat of the black-top within two years of the date of acceptance and addressing any necessary drainage easements, and WHEREAS, The Michaels Group, LLC has provided the Town with a $35,200 Letter of Credit to ensure placement of the top coat on the roads by July 16th, 2012, and WHEREAS, the Town Water Superintendent has confirmed that installation of water mains and appurtenances has been made in accordance with Town Water Department standards, and WHEREAS, the Wastewater Director has confirmed that the Wastewater Department's requirements have been met, and WHEREAS, the Town Community Development Department has confirmed that its requirements have also been met, and WHEREAS, the form of the deed and title to the road offered for dedication and the Easement have been reviewed and approved by Town Counsel, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby accepts and approves the deed for dedication of Meldon Circle in the Hiland Crossings Subdivision, along with the Landscaping Maintenance and Use Easement, and BE IT FURTHER, RESOLVED, that the Town Board authorizes and directs the Town Supervisor to execute, sign and affix the Town seal to any and all documents necessary to complete the transaction in form acceptable to Town Counsel,and BE IT FURTHER, RESOLVED,that the Town Board further authorizes and directs The Michaels Group, LLC to record the deed in the Warren County Clerk's Office, after which time the deed shall be properly filed and maintained in the Queensbury Town Clerk's Office, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Clerk to add the road to the official inventory of Town Highways as follows: 2 Name: Meldon Circle Road Number: 808 Description: Beginning at Meadowbrook Road and continuing in a westerly direction a distance of 1,527'± and .29± hundredths of a mile and ending at a cul-de- sac. Feet: 1,527'±and .29±of a mile Duly adopted this 16th day of August, 2010, by the following vote: AYES : Mr. Metivier, Mr. Montesi, Mr. Strough, Mr. Brewer, Mr. Stec NOES : None ABSENT: None 3