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355.2008 RESOLUTION AUTHORIZING AGREEMENT BETWEEN TOWN OF QUEENSBURY AND ADIRONDACK TRIATHLON CLUB RESOLUTION NO.: 355, 2008 INTRODUCED BY: Mr. Anthony Metivier WHO MOVED ITS ADOPTION SECONDED BY: Mr. Ronald Montesi WHEREAS, the Town of Queensbury has received a request for funding in the amount of $2,000 from the Adirondack Triathlon Club which will be organizing the Lake George Triathlon th sporting event in the Towns of Lake George and Queensbury on September 14, 2008, and WHEREAS, such event is expected to draw hundreds of participants and supporters to the 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 Queensbury 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 Adirondack Triathlon Club in the amount of $2,000 with occupancy tax revenues received from Warren County, with the Adirondack Triathlon Club to use such funds toward local and regional advertising, and WHEREAS, a proposed Agreement between the Town and the Adirondack Triathlon Club has been presented at this meeting, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby approves and authorizes funding to the Adirondack Triathlon Club for organizing the Lake George Triathlon sporting event in the Towns of th Lake George and Queensbury on September 14, 2008, specifically, with such funding to be used towards local and regional advertising, and authorizes the Agreement between the Town and the Adirondack Triathlon Club substantially in the form presented at this meeting, and authorizes and directs the Town Supervisor to execute the Agreement, with funding not to exceed the sum of $2,000 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 Budget Officer confirming that the Town has unallocated occupancy tax funds from current and prior years’ distributions available from Warren County and hereby authorizes a budget amendment to allow for payment of this expenditure from the above mentioned account by increasing appropriation 001-6410-4412 by use of unreserved undesignated fund balance in an amount not to exceed $2,000.00 st Duly adopted this 21 day of July, 2008, by the following vote: AYES: Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Metivier, Mr. Montesi NOES: None ABSENT: None