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4.01 4.1 ROAD DEDICATIONS\Extend Deadline to Put On Top Coat—Burnt Hills Dr and Wooden Lane—10-15-18 RESOLUTION AUTHORIZING ONE-YEAR EXTENSION OF TIME FOR JD MICHAELS HOLDINGS, LLC TO INSTALL TOP COAT OF BLACK-TOP ON BURNT HILLS DRIVE AND WOODEN LANE IN BURNT RIDGE SUBDIVISION RESOLUTION NO. ,2018 INTRODUCED BY: WHO MOVED ITS ADOPTION SECONDED BY: WHEREAS, by Resolution No.: 411,2015, the Queensbury Town Board accepted JD Michaels Holdings, LLC's (Michaels) offer to dedicate to the Town of Queensbury, Burnt Hills Drive and Wooden Lane(Roads)in the Burnt Ridge Subdivision, and WHEREAS, Michaels provided the Town with a$91,000 Letter of Credit to ensure placement of the top coat on such roads by November 27, 2017, and WHEREAS, by Resolution No.: 354, 2017, the Town Board authorized a one year extension or until November 27, 2018 for JD Michaels Holdings, LLC to install the top coat of black-top on such Roads, and WHEREAS, the Town Highway Superintendent has advised that construction within the subdivision is not yet completed and so Michaels has been unable to install the top coat on such Roads, and WHEREAS, the Highway Superintendent has therefore recommended that the Town Board grant a one year extension to Michaels so that installation of the top coat of black-top may be completed, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby authorizes a one year extension or until November 27, 2019 for JD Michaels Holdings, LLC to install the top coat of black-top on Burnt Hills Drive and Wooden Lane in the Burnt Ridge Subdivision, and BE IT FURTHER, RESOLVED, that the Town Board authorizes and directs the Town Clerk to provide a certified copy of this Resolution to the Town Highway Superintendent. Duly adopted this 15ffi day of October, 2018,by the following vote: AYES NOES ABSENT: AMEND IRREVOCABLE LETTER OF CREDIT NO. 15-29 RECEIVED Town of Queensbury OCT 0 3 2018 Highway Department November 27, 2018 Beneficiary: Applicant: Town of Queensbury JD Michaels Holdings, LLC Highway Department 1 Marions Way 742 Bay Road Mechanicville, NY 12118 Queensbury,NY 12804 Gentlemen: Please be advised that our Irrevocable Letter of Credit No. 15-29, dated November 27, 2015, is hereby amended as follows: 1. The expiration date shall be extended from November 27, 2018 to November 27, 2019. All other terms and conditions of Letter of Credit No. 15-29 remain unchanged. rely, John Fi�ce hy Senior resident 473 Broadway I AD I RO N DAC K I (518)584-5844 Saratoga Springs,NY12866 TRUST COMPANY AdirondackTrust.com RESOLUTION AUTHORIZING ONE-YEAR EXTENSION OF TIME FOR JD MICHAELS HOLDINGS, LLC TO INSTALL TOP COAT OF BLACK-TOP ON BURNT HILLS DRIVE AND WOODEN LANE IN BURNT RIDGE SUBDIVISION RESOLUTION NO.354,2017 INTRODUCED BY: Mr. Tim Brewer WHO MOVED ITS ADOPTION SECONDED BY: Mr. George Ferone WHEREAS, by Resolution No.: 411,2015, the Queensbury Town Board accepted JD Michaels Holdings, LLC's (Michaels) offer to dedicate to the Town of Queensbury, Burnt Hills Drive and Wooden Lane in the Burnt Ridge Subdivision, and WHEREAS, Michaels provided the Town with a $91,000 Letter of Credit to ensure placement of the top coat on such roads by November 27,2017, and WHEREAS, the Town Highway Superintendent has advised that construction within the subdivision is not yet completed and so Michaels has been unable to install the top coat, and WHEREAS, the Highway Superintendent has therefore recommended that the Town Board grant a one year extension to Michaels so that installation of the top coat of black-top may be completed, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby authorizes a one year extension or until November 27, 2018 for JD Michaels Holdings, LLC to install the top coat of black-top on Burnt Hills Drive and Wooden Lane in the Burnt Ridge Subdivision, and f BE IT FURTHER, RESOLVED, that the Town Board authorizes and directs the Town Clerk to provide a certified copy of this Resolution to the Town Highway Superintendent. Duly adopted this 41h day of December, 2017, by the following vote: AYES Mr. Brewer, Mr. Strough, Mr. Metivier, Mr. Clements, Mr. Ferone NOES None ABSENT: None