689.91
RESOLUTION AUTHORIZING WITHDRAWAL FROM
RECREATION ASSESSMENT RESERVE FUND #61
RESOLUTION NO.: 689, 1991
INTRODUCED BY: Mr. Ronald Montesi WHO MOVED ITS ADOPTION
SECONDED BY: Mrs. Marilyn Potenza
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 $10,000.00 from the aforesaid Recreation Assessment
Reserve Fund #61, into the Hovey Pond Capital Project Fund #82, and
WHEREAS, the sum to be transferred from the Recreation
Assessment 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,
and 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 Section 6(c) of the General Municipal Law 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 $10,000.00 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 $10,000.00 amount transferred from the Recreation
Assessment Reserve Fund #61, shall be used to improve the Hovey
Pond Park, which is an existing park, and that it will serve the
Town'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 and 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 19th day of December, 1991, by the following
vote:
AYES : Mrs. Potenza, Mr. Montesi, Mr. Borgos
NOES : None
ABSENT: Mr. Kurosaka, Mrs. Monahan