783.93
RESOLUTION AUTHORIZING ESCROW AGREEMENT
RESOLUTION NO. 783, 93
INTRODUCED BY: Mr. Michel Brandt
WHO MOVED ITS ADOPTION
SECONDED BY: Mrs. Susan Goetz
WHEREAS, pursuant to a resolution dated July 21, 1992, the
Town of Queensbury Planning Board approved a revised site plan for
the Queensbury Plaza and in accordance with the revised site plan,
the Olive Garden Restaurant has been constructed, and
WHEREAS, the Olive Garden Restaurant is nearly complete but
requires the issuance of a certificate of occupancy from the Town
before it can legally be open and operated, and
WHEREAS, all of the site plan conditions required by the Town
of Queensbury Planning Board with respect to the portion of the
Plaza north of the entrance drive on New York State Route 9 (which
area of the Plaza contains the Olive Garden Restaurant) have been
completed with the exception of certain curbing and landscaping,
and
WHEREAS, it is not practical to complete such curbing and
landscaping at this time due to weather considerations, and
WHEREAS, the owner has proposed to place funds in escrow to
cover the cost of completing the curbing and landscaping, and
therefore be granted a temporary certificate of occupancy, and
WHEREAS, the Town Board of the Town of Queensbury is in favor
of such proposal,
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby
approves the issuance of a temporary certificate of occupancy for
the Olive Garden Restaurant, conditioned upon the placing of
$12,000 in escrow with the Town of Queensbury to cover
improvements, and
BE IT FURTHER,
RESOLVED, that the Town Board of the Town of Queensbury hereby
approves the Escrow Agreement presented at this meeting and hereby
authorizes the Town Supervisor to execute the same on behalf of the
Town and also hereby authorizes James M. Martin to be the Escrow
Agent for the agreement with the understanding that the funds will
be deposited through the Town's Accounting Offices in the
appropriate bank as required by the Escrow Agreement.
Duly adopted this 27th day of December, 1993, by the following
vote:
AYES: Mr. Tucker, Mrs. Monahan, Mrs. Goetz, Mr. Brandt
NOES: None
ABSENT: Mr. Caimano