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278.2018 Authorizing Grant Agreement Between TOQ and Open Space Institute Regarding Rush Pond Park RESOLUTION AUTHORIZING GRANT AGREEMENT BETWEEN TOWN OF QUEENSBURY AND OPEN SPACE INSTITUTE LAND TRUST, INC., REGARDING RUSH POND PARK EXPANSION PROJECT RESOLUTION NO.: 278,2018 INTRODUCED BY: Mr.Anthony Metivier WHO MOVED FOR ITS ADOPTION SECONDED BY: Mr. George Ferone WHEREAS, by Resolution No.: 178, 2007, the Queensbury Town Board authorized establishment of a Capital Project Fund known as the Rush Pond Bicycle/Pedestrian Path Capital Project Fund 4166 which established funding for expenses associated with the Multi-Use Rush Pond Bicycle/Pedestrian Path, and WHEREAS, by letter dated June 19, 2018 presented at this meeting, the Open Space Institute Land Trust, Inc., (OSI) has advised the Town that OSI has preliminarily approved a $50,000 capital grant to the Town for the Town's portion of the purchase price of the fee interest in the Town's acquisition of 77.5 acres of unimproved land located in the Town owned by the Martha Frieberger Trust with rights appurtenant to the Rush Pond Park, and WHEREAS, OSI has provided a proposed Grant Agreement to the Town providing for the award of such grant funds, and WHEREAS, the Town Board wishes to authorize the Town Supervisor to execute the award letter and a revised Grant Agreement based on Town Counsel's review, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby authorizes and directs the Town Supervisor to sign the June 19, 2018 grant award letter from the Open Space Institute Land Trust, Inc., (OSI) and a revised Grant Agreement between the Town of Queensbury and the Open Space Institute Land Trust, Inc., (OSI) regarding the Town's purchase of 77.5 acres of unimproved land located in the Town owned by the Martha Frieberger Trust with rights appurtenant to the Rush Pond Park, in their current form or in a form substantially similar which is acceptable to the Town Supervisor, Town Budget Officer and/or Town Counsel, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor, Town Budget Officer and/or Town Counsel to take such other and further action as may be necessary to effectuate the terms of this Resolution. Duly adopted this 16ffi day of July, 2018 by the following vote: AYES Mrs. Atherden, Mr. Ferone, Mrs. Switzer, Mr. Strough, Mr. Metivier NOES None ABSENT: None