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499.2006 RESOLUTION APPROVING SEWAGE-WORKS CORPORATION IN CONNECTION WITH THE SURREY FIELDS SUBDIVISION RESOLUTION NO. 499, 2006 INTRODUCED BY: Mr. Roger Boor WHO MOVED ITS ADOPTION SECONDED BY: Mr. Tim Brewer WHEREAS, the Surrey Fields Homeowner’s Association, Inc., (“Surrey Fields”) has advised the Town Board that the New York State Department of Environmental Conservation requires the formation of a Sewage-Works Corporation to own and maintain the Surrey Fields Development’s on-site sewer collection system (the “sewer works”); and WHEREAS, Surrey Fields requested that the Town Board consent to the formation of a Sewage-Works (or “Transportation”) Corporation to be known as the Surrey Fields Waste Water System, Inc., (the “Corporation”) which will own and maintain the entire sewer collection line, pump station and force main system located within and adjacent to the Surrey Fields Homeowner’s Association, Inc., property as shown on plans submitted by Surrey Fields 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 the plans have been approved solely to allow the Town to consent to the formation of the Corporation; 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 gave certain suggestions to the Town’s Wastewater Director; and 1 WHEREAS, the Town Board has agreed to waive any requirement for payment and performance bonds for completion of the construction of the sewer work based on the fact that connection to the Town’s wastewater system will not be permitted until such time as the Town Wastewater Director is satisfied that the sewer works has been constructed satisfactorily and in accordance with Town specifications; and WHEREAS, the Town Board has received a guaranty from the owner of the Transportation Corporation (i.e. Surrey Fields) 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 Surrey Fields; 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 Law 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 Surrey Fields Homeowner’s Association, Inc. in connection with the Surrey Fields Subdivision property, such consent being in accordance with New York State Transportation Corporations Law Article 10, “Sewage-Works Corporations”; and 2 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 Supervisor to forward a certified copy of this Resolution to the Surrey Fields Homeowner’s Association, Inc. and/or the New York State Department of Environmental Conservation and/or the New York State Department of Health and take such other and further action as may be necessary to effectuate the terms of this Resolution; and BE IT FURTHER, RESOLVED, that in the future, should the Town Board engage new Town Counsel, then assignment of the Escrow Agent’s responsibilities shall be transferred from current Town Counsel Miller, Mannix, Schachner and Hafner, LLC to the Town’s new attorney of record in accordance with the escrow agreement. Duly adopted this 16th day of October, 2006, by the following vote: AYES: Mr. Brewer, Mr. Stec, Mr. Boor, Mr. Sanford, Mr. Strough NOES: None ABSENT: None 3