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319.2006 RESOLUTION APPROVING SEWAGE-WORKS CORPORATION IN CONNECTION WITH CENTRAL QUEENSBURY QUAKER ROAD SEWER DISTRICT EXTENSION NO. 10 – BAY ROAD TO SERVE THE CEDARS SENIOR LIVING COMMUNITY RESOLUTION NO. 319, 2006 INTRODUCED BY: Mr. John Strough WHO MOVED ITS ADOPTION SECONDED BY: Mr. Tim Brewer WHEREAS, by Resolution No.: 227,2006, the Queensbury Town Board established, authorized and approved an extension to the Central Queensbury Quaker Road Sewer District known as Central Queensbury Quaker Road Sewer District Extension No. 10 – Bay Road, such extension to include The Cedars Senior Living Community (the “Community”), and WHEREAS, the Green Mountain Development Group, Inc., on behalf of The Cedars Senior Living Community (GMDG), has advised the Town Board that the New York State Department of Deleted: either Environmental Conservation requires the formation of a Sewage-Works Corporation to own and maintain the Cedars’ on-site sewer collection system, pump station and force main connection to the new sewer line to be constructed in accordance with Extension No. 10(the “sewer works”), and th WHEREAS, by letter dated Mary 25, 2006, GMDG formally issued its request that the Town Board consent to the formation of a Sewage-Works (or “Transportation”) Corporation to be known as the Cedars Housing Sewage Corporation (the “Corporation”) which will own and maintain the entire sewer collection and force main system on the Cedars property as shown on plans submitted by GMDG to the Town’s Wastewater Director, and WHEREAS, the maps and specifications of the sewer works to be owned and operated by the Corporation have been filed with the New York State Department of Environmental Conservation which has indicated that it is prepared to approve the plans upon formation of the Corporation and satisfactory responses to its comments on the plans, and WHEREAS, C.T. Male Associates, P.C., the Town’s engineer, has examined the plans and specifications of the sewer works and provided a written report to the Town Board finding the information complete and the facilities acceptable, and WHEREAS, the contractor installing the sewer line, Edward & Thomas O’Connor, will add the Town to its existing payment and performance bonds for completion of the construction of the sewer works, and WHEREAS, the Town Board has received a guaranty from the owners of the first, second and third phases of the Community of payment of all costs of operation and maintenance of the sewer works and this payment obligation constitutes sewer rents payable to the Town secured by a lien on all the real property in the Community, and WHEREAS, the stock of the Corporation will be placed in escrow providing that title will pass to the Town in the event of certain occurrences pursuant to an Escrow Agreement provided to the Town, and WHEREAS, the Town Board has satisfied itself that it has received all materials it needs to issue its consent, and WHEREAS, the Town Board wishes to issue its consent to the creation of such Sewage- Works Corporation in accordance with New York State Transportation Corporations Article 10, “Sewage-Works Corporations,” NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby authorizes and issues its consent to the Sewage-Works Corporation required by the New York State Department of Environmental Conservation and as requested by the Green Mountain Development Group, Inc., on behalf of The Cedars Senior Living Community (GMDG), in connection with Central Queensbury Quaker Road Sewer District Extension No. 10 – Bay Road, such extension including The Cedars Senior Living Community, such consent being in accordance with New York State Transportation Corporations Formatted: Space Before: 12 pt, 2 Hyphenate, Tabs: Not at -0.5" Formatted: Not Expanded by / Condensed by Article 10, “Sewage-Works Corporations,” and BE IT FURTHER, RESOLVED; that the Town Board retains the continuing right to review the adequacy of the security provided in connection with the sewer works to determine whether it should be modified on the basis of fiscal performance or other conditions, and BE IT FURTHER, RESOLVED, that the Town Board authorizes and directs the Town’s Wastewater Director to forward a certified copy of this Resolution to the Green Mountain Development Group, Inc. and/or the New York State Department of Environmental Conservation, and the Wastewater Director and/or Town Supervisor to take such other and further action as may be necessary to effectuate the terms of this Resolution. th Duly adopted this 19 day of June, 2006, by the following vote: AYES : Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Boor, Mr. Sanford NOES : None ABSENT: None 3