2.7 2.7
FINANCIAL\2018\Establish Cap Proj Fund 218—Halfway Brook-From Cap#64-Permissive Ref-2-26-18
RESOLUTION AUTHORIZING ESTABLISHMENT OF
HALFWAY BROOK TRAIL CAPITAL PROJECT FUND #223
RESOLUTION NO.: , 2017
INTRODUCED BY:
WHO MOVED ITS ADOPTION
SECONDED BY:
WHEREAS, the Queensbury Town Board wishes to establish a Capital Project that will
provide for final design and construction of the Halfway Brook Trail from Aviation Road to
Peggy Ann Road, and
WHEREAS, this project will be reimbursed by a $100,000 New York State and Municipal
Facilities Program (SAM) grant through the Dormitory Authority of the State of New York
(DASNY), and
WHEREAS, establishment of this Capital Project account is a necessary financial
documentation step toward securing the SAM grant funding through DASNY, and
WHEREAS, the Town Board wishes to authorize a withdrawal and expenditure in the total
estimated amount of$100,000 from Capital Reserve No. 64 toward this Capital Project, and
WHEREAS, the Town Board also wishes to authorize a temporary loan from Capital Reserve
Fund No. 64 up to $100,000 until such time as such $100,000 in grant funds are received from the
Dormitory Authority of the State of New York (DASNY), and
WHEREAS, in accordance with New York State General Municipal Law §6(c), the Town
Board is authorized to withdraw and expend funds from Reserve 464 subject to permissive
referendum,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes and directs the
establishment of the Halfway Brook Trail Capital Project Fund 4223 in the amount of$200,000
which will establish funding for the expenses delineated in the preambles of this Resolution, and
BE IT FURTHER,
RESOLVED, that the Town Board hereby finds that the withdrawal and expenditure for such
Project are expenditures for a specific capital project for which the Capital Reserve Fund 464 was
established, and
BE IT FURTHER,
RESOLVED, that the Town Board authorizes and directs that funding for such Capital
Project shall be by a transfer from Capital Reserve Fund 464 in the amount of $100,000 to
transfer to Halfway Brook Trail Capital Project Fund 4223, and
BE IT FURTHER,
RESOLVED that the Town Board authorizes and directs the Town Budget Officer to
take all action necessary to establish the following accounts for such appropriations and revenues
as necessary:
• Revenue Acct No. —223-0000-55031 (Interfund Revenue) $100,000;
• Revenue Acct. No. — 223-0000-53897 (Culture and Recreation Capital Projects)
$100,000;
2
• Expense Acct. No. —223-7110-2899 (Capital Construction) $200,000; and
• Increase Appr 001-9950-9030-0064 Transfer to Cap Project $100,000;
and
BE IT FURTHER,
RESOLVED, that the Town Board also further authorizes a temporary loan from the Capital
Reserve Fund 464 up to $100,000 until such time as grant funds are received, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to sign
any needed Agreements and/or documentation to effectuate the Town's engagement of such services,
and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Budget
Officer to amend the Town Budget, make any adjustments, budget amendments, transfers or
prepare any documentation necessary to establish such appropriations and estimated revenues,
and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor,
Purchasing Agent, Senior Planner and/or Town Budget Officer to take any and all actions necessary to
effectuate all terms of this Resolution, and
BE IT FURTHER,
3
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 26 I day of February, 2018, by the following vote:
AYES
NOES
ABSENT :
4