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176.2017 Authorizing Agreement with Six Flags Great Escape Properties RESOLUTION AUTHORIZING AGREEMENT BETWEEN TOWN OF QUEENSBURY AND SIX FLAGS GREAT ESCAPE PROPERTIES RESOLUTION NO.: 176,2017 INTRODUCED BY: Mr.Anthony Metivier WHO MOVED ITS ADOPTION SECONDED BY: Mr. Doug Irish WHEREAS, by prior Resolution, the Queensbury Town Board provided for the Town's receipt of occupancy tax revenues from Warren County in accordance with the Local Tourism Promotion and Convention Development Agreement (Agreement) entered into between the Town and Warren County, and WHEREAS, the Agreement provides that specific expenditure of the funds provided under the Agreement are subject to further Resolution of the Queensbury Town Board, and WHEREAS, the Town has received a request for funding from Six Flags Great Escape Properties to assist in funding its annual Oktoberfest to be held in the Town of Queensbury in September, 2017, and WHEREAS, such event is expected to draw thousands of people to the Town of Queensbury and its surrounding area's hotels and motels, restaurants, stores and other businesses, thereby benefiting the general economy of the Town and all of Warren County, and WHEREAS, the Town Board wishes to provide funding to Six Flags Great Escape Properties in the amount of$10,000 with occupancy tax revenues received from Warren County, and WHEREAS, a proposed Agreement between the Town and Six Flags Great Escape Properties has been presented at this meeting, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby approves the Agreement between the Town and Six Flags Great Escape Properties substantially in the form presented at this meeting and authorizes and directs the Town Supervisor to execute the Agreement,with funding for the Agreement not exceeding the sum of$10,000 and to be provided by occupancy tax revenues the Town receives from Warren County, to be paid for from Account No.: 050-6410-4412, and BE IT FURTHER, RESOLVED, that the Town Board authorizes and directs an increase of appropriations in Occupancy Tax Account No.: 050-6410-4412 by $10,000 and increase the revenue coded 050-0000- 51113 Occupancy Tax by$10,000, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Budget Officer to amend the 2017 Town Budget, make any adjustments, budget amendments, transfers or prepare any documentation necessary, and the Town Supervisor and/or Town Budget Officer to take such other and further action as may be necessary to effectuate all terms of this Resolution, and BE IT FURTHER, RESOLVED, that such Agreement is expressly contingent upon the Town Budget Officer confirming that the Town has unallocated occupancy tax funds available from Warren County. Duly adopted this 19ffi day of June, 2017,by the following vote: AYES Mr. Metivier, Mr. Clements, Mr. Irish, Mr. Strough NOES None ABSENT: Mr. Brewer