191.94
RESOLUTION APPROVING AND AUTHORIZING
EXECUTION OF CONTRACT OF SALE
BETWEEN TOWN OF QUEENSBURY AND
QUEENSBURY ECONOMIC DEVELOPMENT CORPORATION
RESOLUTION NO.: 191, 94
INTRODUCED BY: Mr. Nick Caimano
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Fred Champagne
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, and
WHEREAS, the Town Board of the Town of Queensbury previously
expressed its interest and desire to arrange for the sale of the
aforesaid property with a grant of right-of-way to the Queensbury
Economic Development Corporation at an amount equal to its
appraised value of $90,000.00, and
WHEREAS, the Town Board of the Town of Queensbury, as required
by Section 1411 of the Not-for-Profit Corporation Law, held a
public hearing on the 21st day of March, 1994 concerning said sale
and thereafter determined that it would be appropriate to sell the
property to the Queensbury Economic Development Corporation,
subject to approval by the Town Board of a Contract of Sale, and
WHEREAS, a Contract of Sale providing for the sale of the
property described in the preambles of this resolution to the
Queensbury Economic Development Corporation has been presented at
this meeting,
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby
approves the Contract of Sale between the Town of Queensbury and
the Queensbury Economic Development Corporation, providing for the
sale of the real estate described in the preambles of this
resolution, and subject to condition that an adequate description
of the parcel to be retained by the Town is set forth in Schedule
B, and the Town Attorney and Town Supervisor are authorized to
amend said Schedule B as necessary to accomplish the purposes of
this resolution,
BE IT FURTHER
RESOLVED, that the Town Board of the Town of Queensbury hereby
authorizes and directs the Town Supervisor to execute the Contract
on behalf of the Town and take such other and further steps as may
be necessary to complete the transaction and arrange for the
conveyance of the property to the Queensbury Economic Development
Corporation in accordance with and so long as all of the conditions
of the Contract are satisfied, and the Town Supervisor is hereby
also authorized and ordered to complete and affix the seal of the
Town of Queensbury to any other documents that may be necessary to
complete the transaction, including, but not limited to the Deed,
Real Property Transfer Report and Capital Gains Affidavit.
Duly adopted this 18th day of April, 1994, by the following
vote:
AYES: Mr. Caimano, Mrs. Monahan, Dr. Wiswall, Mr. Champagne
NOES: None
ABSENT:Mrs. Pulver