161.2018 Authorizing Cap Park Improvement Projects, Increases in Park Improvements and Withdrawals Cap Res Nos 61 and 64 RESOLUTION AUTHORIZING CAPITAL PARK IMPROVEMENT
PROJECTS, INCREASES IN PARK IMPROVEMENT PROJECTS AND
WITHDRAWALS FROM CAPITAL RESERVE NOS. 61 AND 64
RESOLUTION NO.: 161,2018
INTRODUCED BY: Mr.Anthony Metivier
WHO MOVED ITS ADOPTION
SECONDED BY: Mrs. Catherine Atherden
WHEREAS, the Queensbury Town Board previously established Capital Reserve Funds
known as the Recreation Reserve No. 61 (Reserve No. 61) and Capital Reserve No. 64 (Reserve No.
64)for future capital projects, and
WHEREAS, by Memoranda to the Town Board dated March 8b and April 11', 2018, 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$502,500 as
follows:
Park Location Capital Project Cost Est.
Pro'ect No. Funding Source
Gurney Lane Rec Area 157 $146,000 Reserve No. 64
138 $14,000-Transfer From Cap. Project
No. 190
Jenkinsville Park $270,000 $2,500—Transfer From Cap. Proj.
No. 169
$15,000—Reserve No. 61
$238,500—Reserve No. 64
Hovey Pond Park 146 $ 98,000 Reserve No. 64
Hudson River Park 107 $ 5,000 Reserve No. 61
TOTAL PROJECT $519,000
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 Reserve Nos 61 and 64 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$502,500 ($20,000 from Reserve No. 61 and $482,500
from Reserve No. 64), as follows:
Park Location Capital Project Cost Est.
Project No. Fundin Source
Gurney Lane Rec Area 157 $146,000 Reserve No. 64
138 $14,000-Transfer From Cap. Project
No. 190
Jenkinsville Park $270,000 $2,500—Transfer From Cap. Proj.
No. 169
$15,000—Reserve No. 61
$238,500—Reserve No. 64
Hovey Pond Park 146 $ 98,000 Reserve No. 64
Hudson River Park 107 $ 5,000 Reserve No. 61
TOTAL PROJECT $519,000
ESTIMATES
as set forth in the March 8ffi and April l lt'', 2018 Memoranda presented at this meeting, and
BE IT FURTHER,
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RESOLVED, that to provide additional Project funding, transfers in the amount of$16,500
from current Capital Projects,with unused account balances, shall be added as follows:
1. $14,000 transfer from Capital Project Account No. 190; and
2. $2,500 transfer from Capital Project Account No. 169, and
BE IT FURTHER,
RESOLVED, that the Town Board hereby authorizes:
1. a transfer from Reserve No.: 61 in the amount of$20,000;
2. a transfer from Reserve No.: 64 in the amount of$482,500; and
3. a transfer from Capital Project Accounts Nos. 190 and 169 in the total amount of
$16,500 as specified above;
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
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&Recreation Director and/or Town Budget Officer to take all actions necessary to effectuate the terms
of this Resolution, and
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 16ffi day of April, 2018 by the following vote:
AYES Mrs. Switzer, Mr. Strough, Mr. Metivier, Mrs. Atherden, Mr. Ferone
NOES None
ABSENT None
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