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200.99 NOTICE OF ADOPTION At a Regular Meeting of the Town Board of the Town of Queensbury held on June 7th, 1999at 7:00 P.M. at the Town of Queensbury, 742 Bay Road, Queensbury, New York, the following resolution was passed: RESOLUTION AUTHORIZING SALE OF PARCEL OWNED BY TOWN OF QUEENSBURY TO NORTHWAY PLAZA ASSOCIATES, LLC RESOLUTION NO.: 200.99 INTRODUCED BY: Mr. Theodore Turner WHO MOVED FOR ITS ADOPTION SECONDED BY: Mr. Douglas Irish WHEREAS, the Town Board of the Town of Queensbury wishes to authorize the sale of a 1.2 acre parcel of land located in the vicinity of Northway Plaza as shown on a Survey & Map prepared by Coulter & McCormack, Licensed Land Surveyors as amended on May 9, 1999 , and WHEREAS, the Town Board has considered whether the parcel is needed for any Town purpose, NOW, THEREFORE, BE IT RESOLVED, that the Town Board hereby determines that the parcel is not needed for any Town purpose, and BE IT FURTHER, RESOLVED, that the Town Board of the Town of Queensbury hereby determines that the amount of twenty-thousand dollars ($20,000) is a fair and adequate price for the parcel, and BE IT FURTHER, RESOLVED, that the Town Board of the Town of Queensbury hereby approves and authorizes the sale of a 1.2 acre parcel of land located in the vicinity of Northway Plaza as shown on a Survey & Map prepared by Coulter & McCormack, Licensed Land Surveyors as amended on May 9, 1999 for the amount of twenty-thousand dollars ($20,000) in accordance with the terms of the Real Estate Contract presented at this meeting, and BE IT FURTHER, RESOLVED, that the Town Board authorizes the sale of the parcel to Northway Plaza Associates, LLC and further authorizes and directs the Town Supervisor to execute any and all documents necessary to complete this transaction, including, without limitation, a Real Estate Contract substantially in the form presented at this meeting, the Deed, the Real Property Transfer Report and the Capital Gains Affidavit, and take such other and further action as may be necessary to effectuate the terms of this Resolution, and BE IT FURTHER, RESOLVED, that the transfer of land will be treated as a boundary line adjustment and therefore subdivision approval will not be needed as the parcel being sold will be merged into Northway Plaza’s adjacent parcel after the sale, and BE IT FURTHER, RESOLVED, that the Town will consider rezoning of the parcel to Plaza Commercial and will use its best efforts to complete the rezoning as promptly as possible and Northway Plaza shall not be obligated to close this transaction until and unless the rezoning has been completed, and BE IT FURTHER, RESOLVED, that this Resolution shall be subject to a permissive referendum in accordance § with 64(2) of the Town Law and shall not take effect until such time as provided for Resolutions subject to permissive referendum in Article 7 of the Town Law and the Town Board further authorizes and directs the Town Clerk to post and publish the required notice for Resolutions subject to permissive referendum. Duly adopted this 7th day of June, 1999, by the following vote: AYES : Mr. Merrill, Mr. Turner, Mr. Irish, Mr. Tucker, Mr. Champagne NOES : None ABSENT: None I, Darleen M. Dougher, Town Clerk of the Town of Queensbury, Warren County, New York, do hereby certify that I have compared the foregoing with original resolution as listed above adopted at a th Regular Meeting of the Town Board of the Town of Queensbury held on the 7 day of June, 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 8th day of June, 1999. SEAL SIGNED: __________________________ Darleen M. Dougher Town Clerk Queensbury Dated: June 11, 1999