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144.94 RESOLUTION DETERMINING CERTAIN TOWN OWNED PROPERTY TO BE SURPLUS AND AUTHORIZING SALE TO QEDC RESOLUTION NO.: 144.94 INTRODUCED BY: Mrs. Betty Monahan WHO MOVED ITS ADOPTION SECONDED BY: Dr. R. George Wiswall WHEREAS, the Town of Queensbury is currently the owner of a certain parcel of land, approximately 34 acres in size, bearing tax map no. 146-1-6, and more specifically described in a Deed from Helen M. Merritt and G. Robert Merritt to the Town of Queensbury, dated July 28, 1968, and recorded at Liber 513, Page 226, a copy of the same being presented at this meeting, and being intended to be annexed to this Resolution and incorporated herein for all purposes, and WHEREAS, the Town of Queensbury is also the owner of a parcel of land providing a right-of-way for access and egress to the aforesaid parcel, as well as another parcel owned by the Town, the aforesaid right-of-way being more specifically described in a deed filed at Liber 781 Page 1, and WHEREAS, the Queensbury Economic Development Corporation has expressed an interest in purchasing the aforesaid parcel and a right-of-way to the same, and WHEREAS, Article 14 of the Not-for-Profit Corporation Law of the State of New York provides that a local legislative body may, by resolution, determine that specifically described real property owned by the Town is not required for use by the Town and authorize the Town to sell or lease such property to a local development corporation, incorporated under the Not-for-Profit Corporation Law, 1 and WHEREAS, the Town Board of the Town of Queensbury recognizes the Queensbury Economic Development Corporation as a local development corporation, incorporated under and by virtue of Article 14 of the Not-for-Profit Corporation Law, and WHEREAS, the Town Board of the Town of Queensbury has had the 34 acre parcel appraised and the appraised value of the property has been determined to be $90,000, a copy of the Appraisal Report having been presented at this meeting, and WHEREAS, the Town Board of the Town of Queensbury, in accordance with the requirement of §1411 of the Not-for-Profit Corporation Law, has held a public hearing to hear all persons interested in the proposal, NOW, THEREFORE, BE IT RESOLVED, that the Town Board of the Town of Queensbury, after having held a public hearing required by the Not-for-Profit Corporation Law, §1411, hereby finds that its previous findings that the parcel of land described in the preambles hereof is not suitable for landfill purposes, not needed for other Town purposes, and is appropriate for QEDC to utilize in connection with Light Industrial development, are still appropriate, and BE IT FURTHER, RESOLVED, that the Town Attorney is hereby authorized to prepare a proposed contract for the sale of the property described in the preambles of this resolution, at a sale price of $90,000, such contract to be further approved by the Town Board of the Town of Queensbury before the Town is bound or obligated in connection 2 with the same. Duly adopted this 21st day of March, 1994, by the following vote: AYES : Mr. Caimano, Mrs. Pulver, Mrs. Monahan, Dr. Wiswall, Mr. Champagne NOES : None ABSENT: None 3