484.93
RESOLUTION AUTHORIZING EXECUTION OF OFFER TO TERMINATE
GRANT AGREEMENT
RESOLUTION NO.:484, 93
INTRODUCED BY: Mrs. Susan Goetz WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Michel Brandt
WHEREAS, on or about September 25, 1991, the Economic
Development Administration, U.S. Department of Commerce, pursuant
to the authority under the Public Works and Economic Development
Act of 1965, as amended, entered into a Grant Agreement with the
Queensbury Economic Development Corporation and the Town of
Queensbury, and
WHEREAS, the parties have now determined that it is not
feasible to complete the project as originally intended and that an
accounting should be made and the Grant Agreement terminated for
convenience of the parties, and
WHEREAS, an Offer to Terminate Grant Agreement for Convenience
has been prepared and presented to the Town Board of the Town of
Queensbury, which Agreement provides for the disbursement of
certain funds by the government,
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby
approves and accepts the Offer to Terminate Grant Agreement for
Convenience, and hereby further authorizes the Town Supervisor to
execute the same on behalf of the Town of Queensbury.
Duly adopted this 30th day of August, 1993, by the following
vote:
AYES : Mrs. Monahan, Mrs. Goetz, Mr. Tucker, Mr. Brandt
NOES : None
ABSENT: Mr. Caimano