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482.2007 RESOLUTION AUTHORIZING PURCHASE OF PROPERTY LOCATED IN BURNT HILLS SUBDIVISION OWNED BY DKC HOLDING, INC. RESOLUTION NO.: 482, 2007 INTRODUCED BY: Mr. Tim Brewer WHO MOVED FOR ITS ADOPTION SECONDED BY: Mr. John Strough WHEREAS, by Resolution No.: 425.2002, the Queensbury Town Board accepted two (2) deeds to dedicate Burnt Hills Drive and Kylian’s Way, roads located in the Burnt Hills Subdivision located off Sherman Avenue, to the Town of Queensbury, and WHEREAS, there is a certain parcel of land located in such Subdivision that should have been included in the dedications of roads authorized by Resolution No.: 425.2002, such parcel being a portion of the premises conveyed by deed from Burnt Hills, LLC to DKC Holding, Inc., dated November 1, 2007 and recorded in the Warren County Clerk’s Office on November 2, 2007 in Book 3415 at Page 308 and as more clearly described in a copy of a Warranty Deed With Lien Covenant between DKC Holding, Inc., and the Town of Queensbury presented at this meeting, and WHEREAS, DKC Holding, Inc. has offered to dedicate such land to the Town of Queensbury and the Town of Queensbury has determined that such property is necessary for the purpose of extending and completing roads, infrastructure, drainage or other improvements, or for any other lawful purpose as the Town Board may designate, and WHEREAS, the Town Board wishes to purchase the Property for $1.00, NOW, THEREFORE, BE IT RESOLVED, that the Town Board hereby approves and authorizes the purchase of a parcel of land owned by DKC Holding, Inc., as described in the preambles of this Resolution for the amount of $1.00, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to execute any and all documents necessary to complete this transaction in form acceptable to Town Counsel, including, without limitation, any needed real estate contract, Real Property Transfer Reports and Capital Gains Affidavits and the Town Supervisor, Town Counsel and/or Town Fiscal Manager to take such other and further action as may be necessary to effectuate the terms of this Resolution. th Duly adopted this 5 day of November, 2007, by the following vote: AYES : Mr. Brewer, Mr. Stec, Mr. Boor, Mr. Sanford, Mr. Strough NOES : None ABSENT: None