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540.2008 RESOLUTION AUTHORIZING AWARD OF BID FOR MICHAELS DRIVE DRAINAGE IMPROVEMENT PROJECTAND ESTABLISHING NEW CAPITAL PROJECT FUND #174 RESOLUTION NO.: 540, 2008 INTRODUCED BY: Mr. Tim Brewer WHO MOVED ITS ADOPTION SECONDED BY: Mr. John Strough WHEREAS, in accordance with Resolution No.: 497, 2008, the Town of Queensbury’s Purchasing Agent duly advertised for bids for a drainage improvement project in the vicinity of Michaels Drive, as more clearly specified in bid documents and specifications prepared by Vision Engineering, LLC, and th WHEREAS, on November 13, 2008, the Purchasing Agent duly received and opened all bids, and WHEREAS, Vision Engineering and the Purchasing Agent have recommended that the Town Board award the bid to the lowest responsible bidder, DelSignore Blacktop and Paving, Inc., for an amount not to exceed $308,762.00, and WHEREAS, the Town Board wishes to appropriately establish a new Capital Project Fund, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby accepts and awards the bid for the drainage improvement project in the vicinity of Michaels Drive from the lowest responsible bidder, DelSignore Blacktop and Paving, Inc., for an amount not to exceed $308,762.00, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to execute any needed Agreement between the Town and DelSignore Blacktop and Paving, Inc., in form acceptable to the Town Supervisor, Vision Engineering, Town Budget Officer and/or Town Counsel, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the establishment of the Michaels Drive Drainage Capital Project Fund No.: 174 which Fund will establish funding for expenses associated with such Project, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs that funding for this Project shall be by a transfer of $308,762.00 from the General Fund, Fund Balance to Capital Project Fund #174, and the Town Board authorizes and directs the Town Budget Officer to take any and all actions necessary to transfer $308,762.00 from unappropriated, undesignated General Fund Balance to Capital Project Fund No.: 174-8540-2899 and effectuate such 2008 Budget Amendment, and BE IT FURTHER, RESOLVED, that the Town Board hereby establishes initial appropriations and estimated revenues for Capital Project Fund #174 in the amount of $308,762.00, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Budget Officer to take all action necessary to establish the following accounts for such appropriations and 2 revenues as necessary: ? Revenue Account No. 174-0000-55031 – Interfund Transfers - $308,762.00 ? Expense Account No. 174-8540-2899 - Misc. Contractual - $308,762.00 and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Budget Officer to 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, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor, Purchasing Agent, Town Budget Officer and/or Town Counsel to take any and all action necessary to effectuate the terms of this Resolution. th Duly adopted this 17 day of November, 2008, by the following vote: AYES : Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Metivier, Mr. Montesi NOES : None ABSENT: None 3