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157.2018 Authorizing Contract With Under the Woods Foundation RESOLUTION AUTHORIZING CONTRACT WITH UNDER THE WOODS FOUNDATION RESOLUTION NO.: 157,2018 INTRODUCED BY: Mr.Anthony Metivier WHO MOVED ITS ADOPTION SECONDED BY: Mrs. Catherine Atherden WHEREAS, by Resolution No.: 484,2007, 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 Town Board, and WHEREAS, the Under the Woods Foundation is organizing the "Churney Gurney Festival' at Gurney Lane Park in the Town of Queensbury that hosts a mountain bike race and trail running race, thereby helping to promote recreational opportunities in the community, attracting many persons to the Queensbury area and providing an economic boon to the community, and WHEREAS, the Town Board wishes to provide funding to the Under the Woods Foundation in the amount of$3,000 with occupancy tax revenues received from Warren County and accordingly enter into an agreement with the Under the Woods Foundation for the year 2018 for the promotion of recreational activities and events to Town residents, and WHEREAS, a proposed Agreement has been presented at this meeting, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby approves the Agreement between the Town and the Under the Woods Foundation 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$3,000 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 the Town Budget Officer to take all actions necessary to amend the Town Budget and increase appropriations and revenues as necessary as follows: • Revenue Acct No. —050-0000-51113 Occupancy Tax Revenue $3,000, • Expense Acct.No. —050-6410-4412 Use of Occupancy Tax $3,000, and BE IT FURTHER, RESOLVED, that such Agreement is expressly contingent upon confirmation by the Town that unallocated occupancy tax funds are available from Warren County. 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