441.2005
RESOLUTION AUTHORIZING CLOSURE OF CAPITAL PROJECT
FUND NO: 127
RESOLUTION NO.: 441, 2005
INTRODUCED BY: Mr. Tim Brewer
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. John Strough
WHEREAS, the Town of Queensbury has completed all construction and operation
related to Baybridge Sewer Extension Capitol Project Fund #127, and
WHEREAS, the final accounting shows that there is approximately $103,748 remaining
in Capital Project Fund #127, and
WHEREAS, the Queensbury Town Board wishes to close this Capital Project Fund and
transfer the Fund’s remaining fund balance to Capital Improvement Reserve Fund No. 64, and
WHEREAS, in accordance with New York State General Municipal Law, if a Capital
Project is completed and there are funds remaining in the Capital Project Fund, the funds may be
transferred to a Capital Reserve Fund without such transfer being subject to permissive
referendum,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes and directs the Town
Budget Officer to close Baybridge Sewer Extension Capitol Project Fund #127 and transfer each
of the Fund’s remaining balance(s) to Capital Improvement Reserve Fund No. 64, and
BE IT FURTHER,
RESOLVED, that as Town Board Resolution No #131, 2001 established initial
appropriations for the Capital Project Fund #127 in the amount of $206,100 with the source of
funding to be an appropriation of fund balance from the Town’s General Fund to be refunded in full
to the General Fund by future District Extensions along Bay Road, the Town Board authorizes and
directs the Town’s Wastewater Director and/or Deputy Wastewater Director to notify the Town
Budget Officer if and when these future District Extensions are added, 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. Brewer, Mr. Stec, Mr. Boor, Mr. Turner, Mr. Strough
NOES : None
ABSENT: None