706.91
RESOLUTION ESTABLISHING QUEENSBURY CONSOLIDATED WATER DISTRICT
ADMINISTRATION BUILDING CAPITAL PROJECT FUND
RESOLUTION NO.: 706, 1991
INTRODUCED BY: Mrs. Marilyn Potenza
WHO MOVED ITS ADOPTION
SECONDED BY: Mrs. Betty Monahan
WHEREAS, the Town Board of the Town of Queensbury is desirous
of establishing a Capital Project Fund and establishing therein
appropriations for certain improvements planned for the
Administration Building of the Queensbury Consolidated Water
District, and
WHEREAS, the Town Board of the Town of Queensbury has, by
previous resolution, authorized, in accordance with the Town Law of
the State of New York, the aforesaid project, consisting of an
improvement to the Administration Building of the Water Treatment
Plant, and
WHEREAS, the Town Board of the Town of Queensbury has also, by
previous resolution, established a method of financing the
aforedescribed project by serial bonds, and
WHEREAS, the Town Board of the Town of Queensbury, prior to
construction, desires to establish the exact method of financing as
set forth herein,
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby
authorizes and directs the establishment of a capital project fund
to be known as the Town of Queensbury Consolidated Water District
Administration Building Capital Project Fund for purposes of making
improvements to the Town of Queensbury Consolidated Water Treatment
Plant Administration Building, which would include all work and
purchases of materials, etc., necessary to make said improvements,
including engineering and legal expense at an estimated cost not to
exceed $830,000.00, and
BE IT FURTHER,
RESOLVED, that the Town Board of the Town of Queensbury hereby
establishes appropriations for said new capital project fund in the
amount of $830,000.00, with the source of funding to be $600,000.00
from the unappropriated fund balance of the Queensbury Consolidated
Water District, and $230,000.00 in serial bonds, and
BE IT FURTHER,
RESOLVED, that the Town Board of the Town of Queensbury hereby
increases appropriations in the Town of Queensbury Consolidated
Water District Interfund Transfer Account by $600,000.00 and hereby
authorizes the transfer of the same to the Queensbury Consolidated
Water District Administration Building Capital Project Fund, and
the 1991 Town Budget and/or District Budget is hereby amended
accordingly, and
BE IT FURTHER,
RESOLVED, that the Town Board of the Town of Queensbury hereby
authorizes the Town Supervisor to transfer funds and take all
action that may be necessary to effectuate the terms and provisions
of this resolution.
Duly adopted this 30th day of December, 1991, by the following
vote:
AYES: Mr. Kurosaka, Mrs. Potenza, Mrs. Monahan, Mr. Borgos
NOES: None
ABSENT:Mr. Montesi