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321.2001 CITY OF GLENS FALLS COMMON COUNCIL QUEENSBURY TOWN BOARD MOREAU TOWN BOARD CRANDALL PUBLIC LIBRARY BOARD OF TRUSTEES RESOLUTION SPECIFYING APPROVAL REQUIRED FOR CRANDALL PUBLIC LIBRARY DISTRICT CAPITAL PROJECTS RESOLUTION NO.: 321, 2001 INTRODUCED BY: Mr. Daniel Stec WHO MOVED ITS ADOPTION SECONDED BY: Mr. Theodore Turner WHEREAS, the Crandall Public Library (“Library District”) is an independent public library district organized under the Laws of the State of new York (L1992, C456) to provide library services to the citizens of the Town of Queensbury, Town of Moreau and City of Glens Falls (together, the “District Municipalities” and each a “District Municipality”), and WHEREAS, the Library District is governed by the Crandall Public Library Board of Trustees (“Library Trustees”), and WHEREAS, the Library Trustees are considering a capital project to provide for expansion of the Library District facilities, and WHEREAS, the District Municipalities and Library Trustees met at a public meeting on th February 28, 2001 to discuss various Library matters and wish to specify their agreement regarding the approval required for bonding any such capital project, either this one or any in the future, NOW, THEREFORE, BE IT RESOLVED, that the authorization, sale and issuance of bonds, notes or other evidences of indebtedness for any “capital project” of the Library District, but not the adoption of the annual Library budget, shall require prior approval by a majority of the qualified voters of each of the District Municipalities casting votes at an election, and BE IT FURTHER, RESOLVED, that for the purposes of this Resolution, “capital project” shall mean any real property acquisition or construction project by or on behalf of the Library District to provide facilities or improve facilities for public library purposes, excepting maintenance, repair or replacement of components of the existing physical plant which requires the authorization, sale and issuance of bonds, notes or other debt instruments repayable over more than one year to finance or refinance the cost of such project, and BE IT FURTHER, RESOLVED, that the portion of the annual Library District budget related to the financing of a capital project shall not be deemed to be a continuing annual appropriation for library purposes, as provided in §5 of the Library District’s enabling legislation, after payment in full of any such financing, and BE IT FURTHER, RESOLVED, that this Resolution shall not become effective unless and until it is adopted by the governing bodies of each of the District Municipalities and the Library Trustees and any Resolution or other action modifying, amending or repealing any of the provisions of this Resolution shall not become effective unless and until it is adopted by the governing bodies of each of the District Municipalities and the Library Trustees. th Duly adopted this 6 day of August, 2001, by the following vote: AYES : Mr. Stec, Mr. Brewer, Mr. Brower, Mr. Turner NOES : None ABSENT: Mr. Martin