463.91
RESOLUTION AUTHORIZING WITHDRAWAL FROM RECREATION ASSESSMENT
RESERVE FUND #61
RESOLUTION NO. 463, 1991,
Introduced by Mrs. Marilyn Potenza who
moved for its adoption, seconded by Mr. Ronald Montesi:
WHEREAS, the Town Board of the Town of Queensbury has previously
established a Recreation Assessment Reserve Fund (Fund #61), and a
Hovey Pond Capital Project Fund (Fund #82), and
WHEREAS, the Town Board of the Town of Queensbury is desirous of
transferring $50,000.00 from the aforesaid Recreation Assessment
Reserve Fund #61, into the Hovey Pond Capital Fund #82, and
WHEREAS, the sum to be transferred from the Recreation Assesment
Reserve Fund #61, will be expended for improvements to be made at
Hovey Pond Park, said improvements to include those necessary to
regrade the areas about the pond, repair a spillway,a dn deepen the
pond, to benefit the entire community, including those subdivision
and multi-family developments, the developers of which have
previously paid fees in lieu of dedicating land for recreational
purposes as required by law, and
WHEREAS, the Town Board of the Town of Queensbury is authorized by
Seciton 6(c) of the General Municipal of the State of New York to
withdraw and expend funds from the aforesaid Recreation Assessment
Reserve Fund #61, in accordance with the terms and conditions set
forth therein,
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby
authorizes a withdrawal and expenditure from the Recreation
Assessment Reserve Fund #61, in the total amount of $50,000.00 to
be deposited in the Hovey Pond Capital Project Fund #82, to make
improvements at the Hovey Pond Park, and
BE IT FURTHER
RESOLVED, that the Town Board of the Town of Queensbury hereby
further directs that in the event there are any funds remaining in
the said Hovey Pond Capital Project Fund #82, after the completion
of the project, or in the event that said project is not
undertaken, the money in the said account shall be returned to the
Recreation Assessment Reserve Fund #61, and
BE IT FURTHER,
RESOLVED, that the Town Board of the Town of Queensbury hereby
further finds that the withdrawal and expenditure for the
previously identified recreation project at Hovey Pond Park is an
expenditure for improvements or items of equipment for which the
Reserve Fund was established, and
BE IT FURTHER
RESOLVED, that the Town Board of the Town of Queensbury hereby
finds that the $50,000.00 amount transferred from the Recreation
Assessment Reserve Fund #61, shall be used to improve the Hovey
Pond Park, whcih is an existing park, and that it will serve the
twon's residential neighborhoods and subdivisions and multi-family
dwellings, the developers of which have heretofore contributed fees
in lieu of developing recreational areas, and
BE IT FURTHER,
RESOLVED, that this resolution shall be subject to a permissive
referendum in accordance with the provisions of Article 7 of the
Town Law of the Town Clerk of the Town of Queensbury is hereby
authorized and directed to publish and post such notices and take
such other actions as may be required by law.
Duly adopted this 21st. day of August, 1991, by the following vote:
Ayes: Mrs. Potenza, Mr. Montesi, Mrs. Monahan, Mr. Borgos
Noes: None
Absent: Mr. Kurosaka