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221.2007 RESOLUTION AUTHORIZING AGREEMENT BETWEEN TOWN OF QUEENSBURY AND GLENS FALLS SOAP BOX DERBY RESOLUTION NO.: 221, 2007 INTRODUCED BY: Mr. Roger Boor WHO MOVED ITS ADOPTION SECONDED BY: Mr. John Strough WHEREAS, the Town of Queensbury has received a request for funding in the amount of th $7,000 from the Glens Falls Soap Box Derby which will be holding its 5 Annual Soap Box Derby in ndrd the City of Glens Falls on June 2 and 3, 2007, and WHEREAS, such event is expected to draw hundreds of participants and supporters to the City of Glens Falls, Town of Queensbury and the surrounding area’s hotels and motels, restaurants, stores and other businesses, thereby benefiting the general economy of the Town and all of Warren County, and WHEREAS, by prior Resolution the Town Board provided for the Town’s receipt of occupancy tax revenues from Warren County in accordance with the Local Tourism Promotion and Convention Development Agreement (Agreement) entered into between the Town and Warren County, and WHEREAS, the Agreement provides that specific expenditure of the funds provided under the Agreement are subject to further Resolution of the Queensbury Town Board, and WHEREAS, the Town Board wishes to provide funding to the Glens Falls Soap Box Derby in the amount of $7,000 with occupancy tax revenues received from Warren County, and WHEREAS, a proposed Agreement between the Town and the Glens Falls Soap Box Derby has been presented at this meeting, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby approves and authorizes funding to the th Glens Falls Soap Box Derby for holding its 5 Annual Soap Box Derby in the City of Glens Falls on ndrd June 2 and 3, 2007 and authorizes the Agreement between the Town and the Glens Falls Soap Box Derby substantially in the form presented at this meeting, and authorizes and directs the Town Supervisor to execute the Agreement, with such funding to match City of Glens Falls funding, not to exceed the sum of $7,000 and to be provided by occupancy tax revenues the Town receives from Warren County, to be paid for from Account No.: 001-6410-4412, and BE IT FURTHER, RESOLVED, that such Agreement is contingent upon the Town Fiscal Manager confirming that the Town has unallocated occupancy tax funds available from Warren County. th Duly adopted this 7 day of May, 2007, by the following vote: AYES: Mr. Boor, Mr. Sanford, Mr. Strough, Mr. Stec NOES: None ABSENT: Mr. Brewer