527.2006
RESOLUTION AUTHORIZING CLOSURE OF WARD I DRAINAGE
RESERVE FUND #125
RESOLUTION NO.: 527.2006
INTRODUCED BY: Mr. Roger Boor
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Tim Brewer
WHEREAS, the Town of Queensbury authorized the creation of Ward I Drainage
Reserve Fund #125 by Resolution 481.2000
WHEREAS, the Town of Queensbury has established a Town-wide Drainage
Reserve Fund #66 and wishes to fund the newly established reserve from the unexpended
balance of the Ward I Drainage Reserve, and
WHEREAS, the unexpended balance is approximately $448,986 and
WHEREAS, the Queensbury Town Board wishes to close the Ward I Drainage
Capital Reserve Fund and transfer the unexpended balance to the Town-wide
Drainage Reserve Fund #66
NOW, THEREFORE, BE IT
?
RESOLVED, that the Queensbury Town Board hereby authorizes and directs the
Town Accounting Office to close the Ward I Drainage Capital Reserve Fund #125
and transfer the remaining unexpended balance of approximately $448,986 to the
newly created Town-wide Drainage Capital Reserve Fund #66, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town
Accounting Office to take such other and further action as may be necessary to effectuate
all terms of this Resolution.
Duly adopted this, 6th day of November 2006 by the following vote:
AYES: Mr. Sanford, Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Boor
NOES: None
ABSENT:None