305.2018 Res. Closure Capital Project Fune #176 S. Qsby Brownfield Opp. Project RESOLUTION AUTHORIZING CLOSURE OF GRANT IN CAPITAL
PROJECT FUND #176 AUTHORIZED BY RESOLUTION NO. 74,2010
RELATED TO THE SOUTH QUEENSBURY BROWNFIELD
OPPORTUNITY AREA PROJECT
RESOLUTION NO.: 305, 2018
INTRODUCED BY: Mr. George Ferone
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Anthony Metivier
WHEREAS, by Resolution No.: 287,2005, the Queensbury Town Board authorized the
Warren County Economic Development Corporation (WCEDC) to submit a Brownfield
Opportunity Areas (BOA)Program Grant Application, and
WHEREAS, by Resolution No.: 74,2010, the Town Board accepted $42,500 in grant funds
from the New York State Department of State, authorized a Grant Agreement with the New York
State Department of State, authorized establishment of the "BOA Program Grant Fund 4176"
which established funding for expenses associated with the grant funds, and established initial
appropriations and estimated revenues for Capital Project Fund 4176 in the amount of$42,500
funded from grant funds to be received by the Town through the New York State Department of
State Brownfield Opportunity Areas Program, and
WHEREAS, by Resolution No.: 94,2012, the Town Board authorized funding of its
portion of the Town's 10% share of the Project, and
WHEREAS, Town Accountant has advised that this grant needs to be closed out, and
WHEREAS, before doing so, the Town needs to pay for the Town's previously
authorized 10% share of the Project which is $3,842.50, and
WHEREAS, the Town Board wishes to transfer $3,842.50 from Fund Balance to provide
for the 10% share and close the grant,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes and directs the Town
Budget Officer to take all actions necessary to effectuate the transfer of $3,842.50 from Fund
Balance to BOA Program Grant Fund 4176 to provide for the Town's previously authorized 10%
share of the Project as authorized by Resolution Nos: 74,2010 and 94,2012 delineated in the
preambles of this Resolution and thereafter, the closing of the grant in BOA Program Grant Fund
4176, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor,
Town Budget Officer and/or Accountant to take such other and further action as may be
necessary to effectuate all terms of this Resolution.
Duly adopted this 20th day of August, 2018, by the following vote:
AYES Mr. Ferone, Mrs. Switzer, Mr. Strough, Mr. Metivier, Mrs. Atherden
NOES None
ABSENT: None