426.2002
RESOLUTION AUTHORIZING PURCHASE OF PROPERTY OWNED BY
DOUBLE H HOLE IN THE WOODS RANCH, INC.
LOCATED ON AVIATION ROAD
RESOLUTION NO.: 426, 2002
INTRODUCED BY: Mr. Daniel Stec
WHO MOVED FOR ITS ADOPTION
SECONDED BY: Mr. Theodore Turner
WHEREAS, three (3) parcels of land totaling 4.39± acres known as the “Hole in the Woods”
property (Property) located along the north side of Aviation Road at its intersection with Old Aviation
Road in the Town of Queensbury, Tax Map Parcel No.’s: 302.06-1-32, 302.06-1-33 and 302.06-1-47 are
currently for sale, and
WHEREAS, the Town has obtained an appraisal of the Property and the appraisal reports that the
Property is valued at $300,000, and
WHEREAS, there have been several studies which have concluded that a connector road may be
necessary in the future, and
WHEREAS, the Property will be necessary for any such connector road and the Town Board has
determined that the Property should be purchased now, while it is vacant, rather than after any possible
future development, and
WHEREAS, the Town Board has determined that the Property is necessary for future road
improvements, drainage, and/or other proper public purpose, and
WHEREAS, the Town Board wishes to purchase the Property for $250,000 plus any costs
associated with recording the deed, and
WHEREAS, the Town Board has determined that it will not be paying any more than the
Property’s fair value,
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board hereby approves and authorizes the purchase of the “Hole in
the Woods” Property known as Tax Map Parcel No.’s: 302.06-1-32, 302.06-1-33 and 302.06-1-47
consisting of 4.39± acres located along the north side of Aviation Road at its intersection with Old
Aviation Road in the Town of Queensbury from the Double H Hole in the Woods Ranch, Inc., for
$250,000, such purchase to occur in January, 2003 or such later time as may be agreed upon, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs that payment for the Property,
plus any necessary recording fees, shall be from Account No.: 001-1940-2799 contingent upon adoption
of the Year 2003 Town Budget, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to execute
any and all documents necessary to complete these transactions, including, without limitation, a real estate
contract in form acceptable to Town Counsel, any Real Property Transfer Reports and Capital Gains
Affidavits and take such other and further action as may be necessary to effectuate the terms of this
Resolution.
st
Duly adopted this 21 day of October, 2002, by the following vote:
AYES : Mr. Brewer, Mr. Brower, Mr. Boor, Mr. Turner, Mr. Stec
NOES : None
ABSENT: None