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150.99 NOTICE OF ADOPTION At a Regular Meeting of the Town Board of the Town of Queensbury rd held on May 3. at 7:00 P.M. at the Queensbury Center, Town of Queensbury, 742 Bay Road, Queensbury, New York, the following resolution was passed, and is subject to permissive referendum: RESOLUTION AUTHORIZING TRANSFER FROM RECREATION ASSESSMENT RESERVE FUND #61 TO HUDSON RIVER PARK PROJECT ACCOUNT FOR IMPROVEMENTS AND EQUIPMENT AT HUDSON RIVER PARK RESOLUTION NO.: 150. 99 INTRODUCED BY: Mr. Pliney Tucker WHO MOVED ITS ADOPTION SECONDED BY: Mr. Richard Merrill WHEREAS, the Town Board of the Town of Queensbury previously established a capital reserve fund for future recreational developments known as the Recreation Assessment Reserve Fund #61 (Fund #61), and WHEREAS, the Town Board wishes to withdraw and expend funds from Fund #61 for specific capital improvements and items of equipment for Hudson River Park, as follows: 1. perimeter and interior roadway fencing; 2. a sand volleyball court; 3. nature/ski trails; 4. fishing access sites; and 5. design and construction services for items 1 through 4; for a total cost not to exceed $21,000, and WHEREAS, in accordance with §6(c) of the New York State General Municipal Law, the Town Board is authorized to withdraw and expend funds from Fund #61 subject to permissive referendum, NOW, THEREFORE, BE IT RESOLVED, that the Town Board of the Town of Queensbury hereby determines that the specific capital improvements and items of equipment listed above meet the requirements for which the Recreation Assessment Reserve Fund #61 (Fund #61) was established, and BE IT FURTHER, RESOLVED, that the Town Board hereby authorizes and directs the transfer of $21,000 from Fund #61 after expiration of the permissive referendum period, such funds to be placed into the Hudson River Park Miscellaneous Account #107-7110-4400, and further directs that if any funds are left over after the project is completed or the project is not undertaken, the funds shall be returned to Fund #61, and BE IT FURTHER, RESOLVED, that this Resolution is subject to permissive referendum in accordance with the provisions of Article 7 of the Town Law and the Town Board authorizes and directs the Town Clerk to publish and post such notices and take such other actions required by law. rd Duly adopted this 3 day of May, 1999 by the following vote: AYES: Mr. Merrill, Mr. Turner, Mr. Irish, Mr. Tucker, Mr. Champagne NOES: None ABSENT:None I, KAREN A. O’BRIEN, DEPUTY, Town Clerk of the Town of Queensbury, Warren County, New York, do hereby certify that I have compared the foregoing with the original resolution as listed above adopted at a Regular meeting of the Town Board of the Town of Queensbury held on the 3rd day of May 1999, at which a quorum was present and that the same is a correct transcript therefrom and of the whole original thereof to date. IN WITNESS THEREOF, I have hereto set my hand and the SEAL of said Town of Queensbury, this 7th day of June, 1999. SEAL SIGNED:_______________________________________ Karen A. O’Brien Deputy Town Clerk-Queensbury th Dated: May 8, 1999