109.99
RESOLUTION DESIGNATING FUND BALANCE FOR WATER TAX RATE
CORRECTION PLAN AND ESTABLISHING WATER TAX RATE
CORRECTION PLAN
RESOLUTION NO.: 109, 99
INTRODUCED BY: Mr. Douglas Irish
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Pliney Tucker
WHEREAS, the Town Board of the Town of Queensbury wishes to correct the allocation of
operational costs in the Queensbury Water District by establishing a tax rate correction plan, and
WHEREAS, the Town of Queensbury closed the Water Treatment Plant Expansion Capital
Project and transferred the remaining balance to the Queensbury Consolidated Water District effective
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December 31, 1998, and
WHEREAS, the fund balance transferred was approximately $1.6 million, and
WHEREAS, the Town Board wishes to designate $1,125,000 of the transferred fund balance
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effective December 31, 1998 for the tax rate correction plan, a copy of which is presented at this
meeting,
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby officially establishes
the Town of Queensbury Consolidated Water District Tax Rate Correction Plan, as presented at this
meeting, and
BE IT FURTHER,
RESOLVED, that the Town Board of the Town of Queensbury hereby authorizes and directs
the Town Controller’s Office to designate $1,125,000 of the transferred fund balance to implement a
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tax rate correction plan for the Queensbury Consolidated Water District effective December 31, 1998
and take such other and further action necessary to effectuate the terms of this Resolution.
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Duly adopted this 5 day of April, 1999 by the following vote:
AYES : Mr. Turner, Mr. Irish, Mr. Tucker, Mr. Merrill, Mr. Champagne
NOES : None
ABSENT: None