440.2005
RESOLUTION AUTHORIZING CLOSURE OF CAPITAL PROJECT
FUND NO: 115
RESOLUTION NO.: 440, 2005
INTRODUCED BY: Mr. Daniel Stec
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. John Strough
WHEREAS, the Queensbury Town Board established Capital Project Fund #115 for the
construction of a storage building in accordance with Resolution No. 417, 98,and
WHEREAS, the storage building project was not completed as other storage facilities
became available, and
Whereas, the Town’s accounting records show that there is approximately $129,813
remaining in Capital Project Fund No. 115, and
WHEREAS, the Town Board wishes to close this Capital Project Fund and transfer the
Fund’s remaining fund balance to Capital Improvement Reserve Fund No. 64,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes and directs the Town
Budget Officer to close Capital Project Fund #115 and transfer the Fund’s remaining balance to
Capital Improvement Reserve Fund No. 64, and
BE IT FURTHER,
RESOLVED, that this Resolution shall be subject to a permissive referendum in the manner
provided in New York State Town Law Article 7, and
BE IT FURTHER,
RESOLVED, that 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, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Budget
Officer to take such other and further action as may be necessary to effectuate all terms of this
Resolution.
th
Duly adopted this 12 day of September, 2005, by the following vote:
AYES : Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Boor, Mr. Turner
NOES : None
ABSENT: None