211.2020 Release of Letter of Credit- Caitlin Drive
RESOLUTION AUTHORIZING RELEASE OF LETTER OF CREDIT IN
CONNECTION WITH DEDICATION OF CAITLIN DRIVE IN THE POINTE
WEST SUBDIVISION
RESOLUTION NO.: 211, 2020
INTRODUCED BY: Mr. Anthony Metivier
WHO MOVED FOR ITS ADOPTION
SECONDED BY: Mr. George Ferone
WHEREAS, by Resolution No.: 377,2010 the Queensbury Town Board authorized the
dedication of Caitlin Drive in the Pointe West Subdivision to the Town of Queensbury and at the time
of dedication, the developer, KELACO, LLC (now known as Collette Construction, Inc.) provided the
Town with a $25,000 Letter of Credit to ensure placement of the top coat on such road, and
WHEREAS, by Memorandum dated June 4, 2020, the Town’s Highway Superintendent has
advised the Town Board that the top coat of black top on Caitlin Drive has been completed to his
satisfaction and the Highway Department’s specifications and has therefore recommended that the
Town Board authorize the release of the Letter of Credit,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes the release of the $25,000
Letter of Credit to Collette Construction, Inc., (formerly known as KELACO, LLC) in connection
with the dedication of Caitlin Drive in the Pointe West Subdivision, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor, Town
Highway Superintendent, Town Counsel and/or Town Budget Officer to take such other and further
action necessary to effectuate the terms of this Resolution.
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Duly adopted this 15 day of June, 2020, by the following vote:
AYES: Mr. Strough, Mr. Metivier, Mr. Freer, Mr. Ferone
NOES: None
ABSENT: None