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313.99 RESOLUTION AUTHORIZING ACCEPTANCE OF HUDSON POINTE NATURE PRESERVE FROM OPEN SPACE INSTITUTE RESOLUTION NO.: 313.99 INTRODUCED BY: Mr. Douglas Irish WHO MOVED FOR ITS ADOPTION SECONDED BY: Mr. Richard Merrill WHEREAS, by Town Board Resolution No.: 205.95, the Town Board of the Town of Queensbury authorized the Hudson Pointe P.U.D. Conservation Area Agreement between the Town, Hudson Pointe, Inc., and the Open Space Institute concerning the preservation and maintenance of a conservation area known as the Hudson Pointe Nature Preserve (Preserve) located within the Hudson Pointe development by the Open Space Institute (OSI), and WHEREAS, in accordance with the Agreement, OSI purchased the 83.5 acre area and developed a nature preserve with trails on the property, and WHEREAS, as part of the Agreement, OSI was to develop the property and then after a three year period, relinquish control of the property to another party, and if OSI could not find such party, the Town of Queensbury would take title to the property, and WHEREAS, OSI has advised that it has not found a third party to take title to the property and therefore OSI is prepared to convey title to the Preserve to the Town of Queensbury subject to a Conservation Easement which would restrict the property to outdoor recreational uses, and WHEREAS, the Town Recreation Commission has evaluated the Preserve and feels that it will be an outstanding addition to the Town’s park system, and WHEREAS, the Town Board understands that by accepting the Preserve, the Town Department of Parks and Recreation will be responsible for the maintenance and up-keep of the Preserve, and WHEREAS, the Town Board agrees that the Preserve will benefit Town residents and therefore the Board wishes to authorize the transfer of the Preserve from OSI to the Town of Queensbury, NOW, THEREFORE, BE IT RESOLVED, that the Town Board hereby approves and accepts the transfer of the 83.5 acre parcel known as the Hudson Pointe Nature Preserve located within the Hudson Pointe development (Tax Map No.: 148-1-2.3) from the Open Space Institute to the Town of Queensbury in accordance with the Hudson Pointe P.U.D. Conservation Area Agreement authorized by Town Board Resolution No.: 205,95, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to execute any and all documents necessary to complete this transaction, including, without limitation, any agreement in form acceptable to Town Counsel, Deed, Real Property Transfer Report and Capital Gains Affidavit and take such other and further action as may be necessary to effectuate the terms of this Resolution. th Duly adopted this 20 day of September, 1999, by the following vote: AYES : Mr. Irish, Mr. Tucker, Mr. Merrill, Mr. Champagne NOES : None ABSENT:Mr. Turner