255.91RESOLUTION TO CLOSE THE TRAFFIC LIGHT PROJECT FUND
RESOLUTION NO. 255, 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 a previous
resolution established a Capital Project Fund known as the Traffic
Light Project Fund bearing Fund #90, and also at one time
identified as Fund H56, and
WHEREAS, the purpose for which the Project Fund was established is
complete and the Fund is no longer being used or needed, and
WHEREAS, the Town Board of the Town of Queensbury is desirous of
authorizing the closure of said Fund,
NOW THEREFORE BE IT
RESOLVED, the Town Board of the Town of Queensbury hereby
authorizes the transfer of the balance of the said Fund, at this
point estimated to be in the approximate sum of $11,389 plus
interest, to the General Fund (Fund #01, previously identified as
Fund A), and
BE IT FURTHER
RESOLVED, that upon the transfer of the balance indicated, the Fund
shall be closed and the Supervisor, as Chief Fiscal Officer, is
hereby authorized to take all action necessary to close said Fund,
including arranging for transfer of the funds indicated to the
General Fund.
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