047.96
RESOLUTION APPROVING MODIFICATION AGREEMENT TO AGREEMENT
BETWEEN TOWN OF QUEENSBURY AND LAD ENTERPRISES, INC.
DATED DECEMBER, 1990
RESOLUTION NO.: 47. 96
INTRODUCED BY: Mr. Fred Champagne
WHO MOVED ITS ADOPTION
SECONDED BY: Mrs. Carol Pulver
WHEREAS, the Town Board of the Town of Queensbury previously
authorized an agreement between the Town of Queensbury and Lad
Enterprises, Inc., concerning the payment of certain sums owed in
connection with the establishment of the Bay Road Water District
Extension, which has now since been consolidated into the
Queensbury Consolidated Water District, and
WHEREAS, since the time the agreement was first entered into,
the subdivision has been modified and the number of dwelling units
reduced, and therefore, the required capital contribution has been
likewise reduced, and in addition thereto, The Michaels Group, LLC,
has gained an interest in said subdivision, and
WHEREAS, a modification agreement has been presented at this
meeting,
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board of the Town of Queensbury,
hereby approves the modification agreement presented at this
meeting, and authorizes the Town Supervisor to execute the same on
behalf of the Town, and take such other and further action as may
be necessary to accomplish the purposes and intent of the
agreement.
Duly adopted this 15th day of January, 1996 by the following
vote:
AYES : Mrs. Monahan, Mr. Turner, Mrs. Goedert, Mrs.Pulver, Mr.
Champagne
NOES : None
ABSENT: None