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FINANCIAL\2016\Capital Project Fund—Increase for Park Projects&Withdrawal From Funds#61 and#64—4-3-17
RESOLUTION AUTHORIZING CAPITAL PARK IMPROVEMENT
PROJECTS, INCREASES IN PARK IMPROVEMENT PROJECTS AND
WITHDRAWALS FROM CAPITAL RESERVES #61 AND #64
RESOLUTION NO.: ,2016
INTRODUCED BY:
WHO MOVED ITS ADOPTION
SECONDED BY:
WHEREAS, the Queensbury Town Board previously established Capital Reserve Funds
known as the Recreation Reserve No. 61 (Fund No. 61) and Capital Reserve No. 64 (Fund No. 64)for
future capital projects, and
WHEREAS, by Memorandum to the Town Board dated February 15th, 2017 and presented at
this meeting, the Town's Recreation Commission requested funding approval for proposed specific
capital improvements and certain maintenance projects at several of the Town Parks (Projects), and
WHEREAS, the Town Board wishes to authorize such Projects and the withdrawal and
expenditure of moneys from Reserve Nos. 61 and 64 in the total estimated amount of$388,000 as
follows:
Park Location Capital Proiect Cost Est. Funding Source
Proiect No. Capital Reserve No.
Gurney Lane Rec Area 157 $135,000 64
Jenkinsville Park 138 $69,500 64
Hovey Pond Park 146 $63,000 64
Rush Pond Trail 166 $16,000 61
West End Park 169 $ 7,000 61
Meadowbrook Preserve 142 $25,000 61
Hudson Pointe Preserve 145 $25,000 64
Hudson River Park 107 $28,000 64
Freedom Park 190 $19,500 64
TOTAL PROJECT $388,000
ESTIMATES
and
WHEREAS, in accordance with New York State General Municipal Law §6(c), the Town
Board is authorized to withdraw and expend funds from Reserves 461 and 464 subject to permissive
referendum,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby finds that the withdrawal and
expenditure for the specific capital improvements and certain maintenance projects (Projects) as
delineated in the preambles of this Resolution are expenditures for specific capital projects and certain
maintenance projects for which the Reserve Accounts were established and therefore authorizes and
expenditures in the total estimated amount of $388,000 ($48,000 from Reserve 461 and $340,000
from Reserve 464), as follows:
Park Location Capital Proiect Cost Est. Funding Source
Pro'ect No. Capital Reserve No.
Gurney Lane Rec Area 157 $135,000 64
Jenkinsville Park 138 $69,500 64
Hovey Pond Park 146 $63,000 64
Rush Pond Trail 166 $16,000 61
West End Park 169 $ 7,000 61
Meadowbrook Preserve 142 $25,000 61
Hudson Pointe Preserve 145 $25,000 64
Hudson River Park 107 $28,000 64
2
Freedom Park 190 $19,500 64
TOTAL PROJECT $388,000
ESTIMATES
as set forth in the February 15th, 2017 Memorandum presented at this meeting, and
BE IT FURTHER,
RESOLVED, that the Town Board hereby authorizes:
1. a transfer from Reserve No.: 61 in the amount of$48,000; and
2. a transfer from Reserve No.: 64 in the amount of$340,000;
to fund such Projects, such respective fund amounts to be placed into the respective Park
Improvement Project Funds, reopening them as may be necessary, and the Town Board further directs
that in the event there are funds remaining in such Funds after completion of the Project(s) or in the
event that the Project(s) are not undertaken, the moneys in such Funds shall be returned to the
Reserve(s), and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Board Officer
to increase appropriations and estimated revenues, amend the Budget and take all actions as may
be necessary to fund such Projects as authorized, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor, Parks
&Recreation Director and/or Town Budget Officer to take all actions necessary to effectuate the terms
of this Resolution, and
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BE IT FURTHER,
RESOLVED, that this Resolution is subject to a permissive referendum in accordance with the
provisions of Town Law Article 7 and the Town Board hereby authorizes and directs the Town Clerk
to publish and post such notices and take such other actions as may be required by law.
Duly adopted this 3rd day of April, 2017 by the following vote:
AYES
NOES
ABSENT
4
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PARKS & RECREATIO
•
742 Bay Road.Oueensbury NY 12804-9725 I T:+.516)761-8216 I F:(512)793-3194. http:!7ecreauon.queensbury.net
TO: Queensbury Town Board
FROM: Queensbury Recreation Commission
DATE: February 15, 2017
RE: 2017 Recreation Commission Capital Projects
The Queensbury Recreation Commission has reviewed and approved the following capital
improvement projects for 2017 and is seeking funding approval from the Queensbury Town
Board. Funding for the projects listed below would be requested form both the Recreation
Reserve Fund (#61) and the Town's Capital Reserve Fund (#63).
Additional project information has been attached regarding each of the following Recreation
Commission projects: 2017 CAP;T A PROJECTS
Park Location Total Project Funding Source/Funds
Cost Est. Needed
Gurney Lane Rec. Area $135,000 Capital Reserve Fund #63
Jenkinsville Park $69,500 Capital Reserve Fund #63
Hovey Pond Park $63,000 Capital Reserve Fund #63
Rush Pond Trail $16,000 Recreation Reserve Fund #61
West End park $7,000 Recreation Reserve Fund #61
Meadowbrook Preserve $25,000 Recreation Reserve Fund #61
Hudson Pointe Preserve $25,000 Capital Reserve Fund #63
Hudson River Park $28,000 Capital Reserve Fund #63
"Freedom Park $19,500
Capital Reserve Fund 1463
TOTAL PROJECT ESTIMATES $388,000
FUNDING FROM CAPITAL RESERVE#63 $340,000
FUNDING FROM REC. RESERVE #61 $48,000 (current balance=$53,000)