181.96
RESOLUTION AUTHORIZING PROJECT AND WITHDRAWAL
FROM CAPITAL RESERVE FUND
RESOLUTION NO.: 181.96
INTRODUCED BY: Mrs. Connie Goedert WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Theodore Turner
WHEREAS, the Town Board of the Town of Queensbury has
previously established a capital reserve fund for future
recreational developments known as a new recreational facility
capital construction account, and
WHEREAS, the Town Board of the Town of Queensbury desires to
withdraw and expend moneys from the said reserve account in the
amount of $163,225. for a specific capital improvement and certain
items of equipment for the Hudson River Park Project, development
to consist of: a) entry gate & fencing, access road, parking, site
amenities; b) play apparatus, pavilion/picnic area; c) nature/ski
trail; d) basketball court; e) softball field; f) boat launch,
berths, fishing access; and g) landscape architectural design and
construction services for all of the above;
and
WHEREAS, the Town Board of the Town of Queensbury is
authorized by §6(c) of the General Municipal Law of the State of
New York to withdraw and expend funds from the aforesaid capital
reserve fund moneys in accordance with the terms and conditions set
forth therein,
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby
authorizes the recreation project aforedescribed as the Hudson
River Park Project in the total amount of $163,225., for the work
previously described, and
BE IT FURTHER,
RESOLVED, that the Town Board of the Town of Queensbury hereby
authorizes and directs the Town Supervisor of the Town of
Queensbury to establish a separate capital project fund for the
project authorized, and
BE IT FURTHER,
RESOLVED, that the Town Board of the Town of Queensbury hereby
authorizes a withdrawal and expenditure from the aforesaid capital
reserve fund in the amount of $163,225. to fund the aforedescribed
project, such funds to be placed into the capital project fund to
be established pursuant to this Resolution, and the Town Board of
the Town of Queensbury hereby further directs that in the event
there are funds remaining in said capital project fund after the
completion of the project or in the event that said project is not
undertaken, the moneys in the capital projects fund shall be
returned to the capital reserve fund, and
BE IT FURTHER,
RESOLVED, that the Town Board of the Town of Queensbury hereby
finds that the withdrawal and expenditure for the previously
identified recreation project known as the Hudson River Park
Project, is an expenditure for a specific capital project and items
of equipment for which the reserve account was established, and
BE IT FURTHER,
RESOLVED, that this Resolution is subject to a permissive
referendum in accordance with the provisions of Article 7 of the
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Town Law and the Town Clerk of the Town of Queensbury is hereby
authorized and directed to publish and post such notices and take
such other actions as may be required by law.
Duly adopted this 15th day of April, 1996 by the following vote:
AYES : Mrs. Monahan, Mr. Turner, Mrs. Goedert, Mrs. Pulver,
Mr. Champagne
NOES : None
ABSENT : None
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