258.91RESOLUTION AMENDING CAPITAL PROJECT FUND BUDGET
RESOLUTION NO. 258, 1991
, Introduced by Mrs. Marilyn Potenza who
moved for its adoption, seconded by Mr. George Kurosaka.
WHEREAS, the Town Board of the Town of Queensbury, by resolution
no. 26, 1991, authorized and established a Capital Project Fund,
known as the Landfill Closure Capital Project Fund, (H57, now known
as Fund No. 92) for purposes of financing the costs incidental to
abandonment and closure if necessary, of the Town of
Queensbury/City of Glens Falls Landfill, such costs to include, but
not be limited to, legal fees, printing, engraving, and publication
of legal notices, engineering expenses, and associated costs,
including filling, drainage, fences, roadways, water monitoring,
and buildings appurtenant or incidental thereto, and any other
construction or land acquisition which may be necessary or required
by law or regulation to close and abandon said landfill, and/or any
other interim or temporary cost incurred during the closure
preparation of said landfill, and
WHEREAS, appropriations for said Capital Project Fund had
originally been established at $50,000.00, and
WHEREAS, the Queensbury Town Board is desirous of amending the
budget of the aforesaid Fund, and increasing appropriations,
NOW, THEREFORE BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby
amends the aforesaid Capital Project Fund Budget by increasing
appropriations by $200,000.00, with the source of appropriations to
be a transfer of funds from the Landfill Capital Reserve (former
fund no. R46, now known as fund no. 63), and
BE IT FURTHER
RESOLVED, that the Queensbury Town Supervisor is hereby authorized
and directed to transfer a sum of $200,000.00 to the aforesaid
Capital Project Fund, from the Landfill Closure Reserve, and
BE IT FURTHER
RESOLVED, that the Queensbury Town Board conditions expenditure of
monies from the aforesaid fund to those types of expenditures
outlined in the preambles of this resolution, and as such, finds
the source of funding from the Capital Reserve Fund to be an
appropriate expenditure of said Reserve Fund, and
BE IT FURTHER
RESOLVED, that in the event that, at some time in the future, this
Capital Project Fund is either closed, or the purposes for which it
was created are completed, all funds remaining therein shall be
transferred and returned to the Landfill Closure Reserve Fund, and
BE IT FURTHER
RESOLVED, that the appropriate 1991 Town of Queensbury Fund Budgets
shall be amended, as necessary, to reflect the terms and provisions
of this resolution.
Duly adopted this 6th day of May, 1991, by the following vote:
AYES: Mr. Kurosaka, Mrs. Potenza, Mr. Montesi, Mrs. Monahan,
Mr. Borgos
NOES: None
ABSENT: None