272.91RESOLUTION TO APPROVE PURCHASE OF TWO NEW TANDEM DUMP TRUCKS WITH
SNOW PLOWS AND WINGS FOR THE TOWN HIGHWAY DEPARTMENT
RESOLUTION NO. 272, 1991,
Introduced by Mr. Ronald Montesi who
moved its adoption, seconded by Mrs. Marilyn Potenza:
WHEREAS, the Town Highway Superintendent for the Town of Queensbury
is desirous or purchasing two (2) new tandem dump trucks with snow
plows and wings and the Town Board of the Town of Queensbury is
desirous of approving, or an may be necessary, authorizing said
purchase, establishing a capital project fund for said purchase and
arranging for the financing of the purchase as more specifically
set forth herein,
NOW, THEREFORE BE IT
RESOLVED, the Town Board of the Town of Queensbury hereby approves
and as amy be necessary authorizes the purchase of two (2) new
trucks with snow plows and wings as set forth in the Bidding
Documents presented at this meeting, with the same to be paid for
in accordance with the terms and provisions of this resolution, and
BE IT FURTHER
RESOLVED, that the said Town Board hereby authorizes and directs
the establishment of a capital project fund to be known as the
"Highway Machinery and Apparatus Capital Project Fund" for the
purposes of providing a fund out of which payments will be made for
the aforesaid trucks and provides that the appropriations for said
new capital project fund shall be in the amount of $225,000.00, the
estimated total cost of the aforesaid trucks and the proposed
method of financing said capital project fund shall consist of the
following: issuance of Bonds or Bond Anticipation Notes in a total
amount not-to-exceed $225,000.00 with authority to renew the same,
as may be necessary, from time to time, to be vested in the
discretion of the Town Supervisor as Chief Fiscal Officer for the
Town of Queensbury in accordance with the terms and conditions of a
bond resolution to be adopted by the Town Board of the Town of
Queensbury, and
BE IT FURTHER
RESOLVED, that the Town Supervisor of the Town of Queensbury is
hereby authorized and directed to take such other and further
action as may be necessary to arrange for the establishment of the
aforesaid capital project fund, the arrangement of funding of the
same, and purchase of the aforesaid trucks, including the
establishment of any account lines within the fund as may e
necessary to transfer funds to said account or pay monies form said
fund for purchase of the trucks.
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