111.2008
RESOLUTION ESTABLISHING NEW CAPITAL PROJECT FUND
#169 – WEST END PARK IMPROVEMENT PROJECT
RESOLUTION NO.: 111, 2008
INTRODUCED BY: Mr. Tim Brewer
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. John Strough
WHEREAS, the Queensbury Town Board wishes to establish a Capital Project Fund for
the following project at West End Park:
1.demolition and removal of the old basketball court;
2.installing a new playground area;
3.installing a new basketball court;
4.site work to create an informal ball field with backstop;
5.landscaping and improving the entryway and creation of parking area; and
6.professional services for all of the above; and
WHEREAS, the total Project cost is estimated to be $219,000 and therefore the Town
Board wishes to appropriately establish a Capital Project Fund,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes and directs the
establishment of a Capital Project Fund to be known as the “West End Park Improvement Project
Fund #169,” which Fund will establish funding for expenses associated with the improvements set
forth in the preambles of this Resolution at West End Park, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs that funding for this
Project in the amount of $219,000 shall be by:
1. a transfer from the balance of unexpended funds in Capital Project Fund #140 -
Glen Lake Improvement Project and Capital Project Fund #142 – Klak/Hiland
Park Project to the newly created Capital Project Fund #169;
2. a transfer of funds from Capital Project Fund #144 – Queensbury Community
Center Project in the amount of $42,000 to the newly created Capital Project Fund
#169;
3. from Capital Reserve Fund No.: 61 – Recreation Assessment Reserve Fund; and
4. from Capital Reserve Fund No.: 64 – Capital Improvement Fund; and
BE IT FURTHER,
RESOLVED, that the Town Board hereby establishes initial appropriations and estimated
revenues for Capital Project Fund #169 in the amount of $219,000, and
BE IT FURTHER,
RESOLVED, that the Queensbury Town Board further authorizes and directs the Town
Budget Officer to take all action necessary to establish the following accounts for such
appropriations and revenues as necessary:
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Revenue Account No. 169-0000-55031 – Interfund Revenue - $219,000;
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Expense Account No.: 169-7110-4403 - $ 19,000 – Engineer/Surveyor; and
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Expense Account No.: 169-7110-2899 - $200,000 – Capital Construction, and
BE IT FURTHER,
RESOLVED, that the Town Board authorizes and directs the Town Budget Officer to
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amend the 2008 Town Budget, make any adjustments, budget amendments, transfers or prepare
any documentation necessary to establish such appropriations and estimated revenues and
effectuate all terms of this Resolution.
th
Duly adopted this 28 day of January, 2008 by the following vote:
AYES: Mr. Stec, Mr. Metivier, Mr. Montesi, Mr. Strough, Mr. Brewer
NOES: None
ABSENT: None
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