691.92
RESOLUTION AMENDING FINANCING PLAN
FOR QUEENSBURY CONSOLIDATED WATER DISTRICT
ADMINISTRATION BUILDING CAPITAL PROJECT
RESOLUTION NO. 691, 92
INTRODUCED BY: Mrs. Betty Monahan
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Nick Caimano
WHEREAS, the Town Board of the Town of Queensbury, by previous
resolution, authorized the construction of a new administration
building and other appurtenances necessary for a completely
operational administration building and arranged for financing,
which consisted, initially, of the issuance of $830,000.00 in
serial bonds, and
WHEREAS, by Resolution No. 706 of 1991, the Town Board of the
Town of Queensbury authorized the appropriation of $600,000.00 from
the Unappropriated Fund Balance of the Queensbury Consolidated
Water District and provided that the project would be paid for by
the said $600,000.00 appropriation and the issuance of $230,000.00
in serial bonds, and
WHEREAS, the Town Board of the Town of Queensbury is desirous
of amending the aforesaid plan for financing of the construction
project and accordingly amending the Capital Project Budget,
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby
amends said plan for financing by appropriating the sum of
$150,000.00 from the Unappropriated Fund Balance of the Queensbury
Consolidated Water District and by determining to issue no serial
bonds to pay for the project and, therefore, revoking the Town
Supervisor's authority to issue Bond Anticipation Notes, and
BE IT FURTHER
RESOLVED, that the Town Board of the Town of Queensbury hereby
increases appropriations in the Town of Queensbury Consolidated
Water District Interfund Transfer Account by $150,000.00 and hereby
authorizes the transfer of the same to the Queensbury Consolidated
Water District Administration Building Capital Project Fund and the
1992 Town Budget and/or District Budget is hereby amended
accordingly, and
BE IT FURTHER
RESOLVED, that the Town Board of the Town of Queensbury hereby
authorizes the Town Supervisor to transfer funds and take all
actions that may be necessary to effectuate the terms and
provisions of this Resolution.
Duly adopted this 28th day of December, l992, by the following
vote:
AYES : Mr. Caimano, Mr. Tucker, Mrs. Monahan, Mr. Brandt
NOES : None
ABSENT : Mrs. Goetz