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259.2007 RESOLUTION AUTHORIZING IMPLEMENTATION AND FUNDING OF THE FIRST INSTANCE 100% OF FEDERAL AID AND STATE “MARCHISELLI” PROGRAM-AID ELIGIBLE COSTS OF MAIN STREET CONNECTOR ROAD CONTRACT NO. 1 - PROJECT PIN NO.: 1756.69 AND APPROPRIATING FUNDS FOR SUCH PROJECT RESOLUTION NO.: 259, 2007 INTRODUCED BY: Mr. John Strough WHO MOVED ITS ADOPTION SECONDED BY: Mr. Tim Brewer WHEREAS, by Resolution No.: 512,2006, the Queensbury Town Board authorized the Town of Queensbury to pay in the first instance 100% of the federal and non-federal share of the cost of construction work for the Main Street Connector Road: Contract No. 1, Town of Queensbury, P.I.N. 1756.69 (the “Project”), and WHEREAS, such Project is eligible for funding under Title 23 U.S. Code, as amended that calls for the apportionment of the costs of such program to be borne at the ratio of 100% federal funds and 0% non-federal funds, and WHEREAS, the Town of Queensbury wishes to again advance the Project by again making a commitment of 100% of the non-federal share of the costs of construction, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby reaffirms and authorizes the Main Street Connector Road: Contract No. 1, Town of Queensbury, P.I.N. 1756.69 (the “Project”), and BE IT FURTHER, 1 RESOLVED, that the Town Board hereby authorizes and directs the Town Fiscal Manager to pay in the first instance 100% of the federal and non-federal share of the cost of construction work for the Project or portions of the Project, and BE IT FURTHER, RESOLVED, that the sum of $130,500.00 (One hundred thirty thousand five hundred dollars and no cents) has already been appropriated from 161 5110.2899 and made available to cover the cost of participation in the above phase of the Project, by a temporary loan from the General Fund in anticipation of federal funds to be provided through Account No.: 161-0000- 54910, and BE IT FURTHER, RESOLVED, that the additional sum of $493,000.00 (Four hundred ninety three thousand dollars and no cents) is hereby appropriated from Account No.: 161-5110-2899 and made available to cover the additional cost of participation in the above phase of the Project, and BE IT FURTHER, RESOLVED, that funding for the project shall be provided through an additional $167,500.00 in federal funding Account No.: 161-0000-54910 for a total federal funding of $298,000.00, $200,000 from the City of Glens Falls Account No.: 161-0000-52797, and temporary funding from the General Fund of $125,500.00, Account No.: 161-0000-0630, to be repaid no later than upon the completion of the Project, and BE IT FURTHER, RESOLVED, that in the event that the full federal and non-federal share costs of the Project exceeds the amount appropriated above, the Town Board shall convene as soon as 2 possible to appropriate such excess amount immediately upon the notification by the New York State Department of Transportation, and BE IT FURTHER, RESOLVED that the Town Board further authorizes and directs the Town Supervisor to execute all necessary Agreements, certifications or reimbursement requests for Federal Aid and/or Marchiselli Aid on behalf of the Town of Queensbury with the New York State Department of Transportation in connection with the advancement or approval of the Project and providing for the administration of the Project and the Town’s first instance funding of Project costs and permanent funding of the local share of federal aid and state-aid eligible Project costs and all Project costs within appropriations therefore that are not so eligible, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to file a certified copy of this Resolution with the New York State Commissioner of Transportation by attaching it to any necessary agreement in connection with the Project, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor and/or Town Fiscal Manager to take all action necessary to effectuate all terms of this Resolution, and BE IT FURTHER, RESOLVED, that this Resolution shall take effect immediately. 3 th Duly adopted this 4 day of June, 2007, by the following vote: AYES : Mr. Stec, Mr. Boor, Mr. Sanford, Mr. Strough, Mr. Brewer NOES : None ABSENT : None 4