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124.2006 RESOLUTION AUTHORIZING GURNEY LANE RECREATION AREA EXPANSION AND IMPROVEMENT PROJECT #157 AND WITHDRAWAL FROM CAPITAL RESERVE FUND #64 RESOLUTION NO.: 124, 2006 INTRODUCED BY: Mr. Tim Brewer WHO MOVED ITS ADOPTION SECONDED BY: Mr. Daniel Stec WHEREAS, the Queensbury Town Board previously established a Capital Reserve Fund known as the Capital Improvement Plan (CIP) Fund No. 64 for future capital projects, and WHEREAS, the Town Board wishes to withdraw and expend moneys from such reserve account in the amount of $54,400 for specific capital improvements and certain items of equipment for the Gurney Lane Recreation Area Expansion and Improvement Project to consist of: 1.development of a Park Master Plan; 2.reparation and upgrading of pool (pool resurfacing/filter repairs); 3.construction of shade structures for pool patrons; 4.construction of second pavilion for rental usage; and 5.professional services for all of the above; and § WHEREAS, in accordance with New York State General Municipal Law 6(c), the Town Board is authorized to withdraw and expend funds from Fund #64 subject to permissive referendum, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby authorizes the recreation project known as the Gurney Lane Recreation Area Expansion and Improvement Project and authorizes expenditures in the total amount of $54,400 for the work described in the preambles of this Resolution, and BE IT FURTHER, RESOLVED, that the Town Board hereby authorizes and directs the establishment of a separate capital project fund for such Project – Gurney Lane Recreation Area Project Fund No.: 157, and BE IT FURTHER, RESOLVED, that the Town Board hereby authorizes a transfer from Fund No.: 64 in the amount of $54,400 to fund such Project, such funds to be placed into the Capital Project Fund No.: 157 to be established in accordance with this Resolution and the Town Board further directs that in the event there are funds remaining in such capital project fund after completion of the Project or in the event that the Project is not undertaken, the moneys in the capital project fund shall be returned to the capital improvement fund, and BE IT FURTHER, RESOLVED, that the Town Board hereby establishes initial appropriations in Expense Account No.’s: 157-7110-4403 in the amount of $16,000 – Professional Services; and 157-7110- 2899 in the amount of $38,400 – Capital Construction; and estimated revenues in Account No.: 157-0146-5031 in the amount of $54,400, and BE IT FURTHER, RESOLVED, that the Town Board hereby finds that the withdrawal and expenditure for the Gurney Lane Recreation Area Expansion and Improvement Project is an expenditure for a specific capital project and items of equipment for which the reserve account was established, and BE IT FURTHER, RESOLVED, that this Resolution is subject to a permissive referendum in accordance with the provisions of Town Law Article 7 and the Town Board hereby authorizes and directs the Town Clerk to publish and post such notices and take such other actions as may be required by law. th Duly adopted this 27 day of February, 2006 by the following vote: AYES : Mr. Stec, Mr. Boor, Mr. Sanford, Mr. Strough, Mr. Brewer NOES : None ABSENT : None