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310.2006 NOTICE OF ADOPTION At a Regular Meeting of the Town Board of the Town of Queensbury held on June 19th, 2006 at the Queensbury Center, Town of Queensbury, 742 Bay Road, Queensbury, New York, the following was adopted and is subject to permissive referendum: RESOLUTION AUTHORIZING ESTABLISHMENT OF ROUTE 9 AND GLEN LAKE ROAD TRAFFIC IMPROVEMENTS CAPITAL PROJECT FUND #159 RESOLUTION NO.: 310 2006 INTRODUCED BY: Mr. John Strough WHO MOVED ITS ADOPTION SECONDED BY: Mr. Tim Brewer th WHEREAS, by Resolution No.: 528.2005 dated November 7, 2005, the Queensbury Town Board authorized an Intermunicipal Agreement with Warren County in connection with roadway infrastructure improvements mandated by the New York State Department of Transportation (DOT) at the Route 9 Corridor/Glen Lake Road intersection including the installation of a traffic light with the understanding that the Town of Queensbury would pay up to $65,000 and Warren County would pay up to $235,000, and WHEREAS, the Town Board received a request from the Town’s Budget Officer to establish the Route 9 and Glen Lake Road Traffic Improvements Capital Project (Project), and WHEREAS, such proposed Project shall not exceed the amount of $65,000 and is requested to be a part of the Capital Improvement Plan and financed through the Capital Reserve Fund, and WHEREAS, in accordance with the Town’s revised Capital Improvement Plan Policy (CIP), the Town Board must conduct a public hearing before approving any specific Capital Project listed on the CIP, and WHEREAS, the Town Board scheduled and duly held a public hearing on Monday, June th 19, 2006 concerning establishment of the Route 9 and Glen Lake Road Traffic Improvements Capital Project, and § WHEREAS, in accordance with New York State General Municipal Law 6(c), the Town Board is authorized to withdraw and expend certain funds subject to permissive referendum, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby authorizes and directs the establishment of the Route 9 and Glen Lake Road Traffic Improvements Capital Project, and BE IT FURTHER, RESOLVED, that the Queensbury Town Board hereby authorizes and directs the establishment of a Capital Project Fund to be known as the Route 9 and Glen Lake Road Traffic Improvements Capital Project Fund #159 which Fund will establish funding for expenses associated with this Project, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs that funding for such Capital Project shall be by a transfer from the Town of Queensbury Capital Reserve Fund #64 in the amount of $65,000 to transfer to Route 9 and Glen Lake Road Traffic Improvements Capital Project Fund #159, 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 2 appropriations and revenues as necessary: ? Revenue Acct No. – 159-0159-55031 (Interfund Revenue) $65,000; and ? Expense Acct No. – 159-3310-2899 (Capital Construction) $65,000; and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Budget Officer to amend the 2006 Town Budget, make any adjustments, budget amendments, transfers or prepare any documentation necessary to establish such appropriations and estimated revenues, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor and/or Town Budget Officer to sign any necessary Agreements or documentation and take any and all action necessary to effectuate all terms of this Resolution, 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 19 day of June, 2006, by the following vote: AYES : Mr. Brewer, Mr. Stec, Mr. Boor, Mr. Sanford, Mr. Strough NOES : None ABSENT : None 3 I, Karen A. O’Brien, Deputy Town Clerk I of the Town of Queensbury, Warren County, New York, do hereby certify that I have compared the foregoing with the original resolution as listed above adopted at a Regular meeting of the Town Board of the Town of Queensbury held on the 19th day of June, 2006 at which a quorum was present and that the same is a correct transcript therefrom and of the whole original thereof to date. IN WITNESS THEREOF, I have hereto set my hand and the SEAL of said Town of Queensbury, this 21st day of June 2006. SEAL SIGNED:______________________________________ Karen A. O’Brien Deputy Town Clerk I Town of Queensbury Dated: June 24, 2006 4