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382.2018 JD Michaels Holding to Install Black Top in Burnt Ridge Subdivision 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.: 382,2018 INTRODUCED BY: Mrs. Catherine Atherden 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(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: Mrs. Switzer, Mr. Strough, Mr. Metivier, Mrs. Atherden, Mr. Ferone NOES: None ABSENT: None