095.2009
RESOLUTION AUTHORIZING SUBORDINATION, CONSENT AND
WAIVER CONCERNING PROPERTY LOCATED AT
95 MAIN STREET, QUEENSBURY AS PART OF
MAIN STREET UTILITIES RELOCATION PROJECT
RESOLUTION NO.: 95, 2009
INTRODUCED BY: Mr. Ronald Montesi
WHO MOVED FOR ITS ADOPTION
SECONDED BY: Mr. John Strough
WHEREAS, the Town of Queensbury holds a mortgage on a parcel of property located at 95
Main Street in the Town of Queensbury identified as tax map parcel no.: 309.10-1-31, which
mortgage is presently a lien on such premises, and
WHEREAS, the Town is acquiring an interest in such property as part of the Town’s Main
Street Utilities Relocation Project as shown on an acquisition map prepared by R. K. Hite & Co., Inc.,
and therefore the Town, as Mortgagee, wishes to consent to the subordination of its right, title and
interest to the grant of interest described in the acquisition map and waive any claim to the
compensation paid or award rendered for such acquisition, and
WHEREAS, a Subordination, Consent and Waiver form has been presented at this meeting
and is in form acceptable to Town Counsel,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby approves and accepts the
Subordination, Consent and Waiver form delineated in the preambles of this Resolution and
substantially in the form presented at this meeting and authorizes and directs the Town Supervisor or
Deputy Town Supervisor, Tim Brewer, to execute such Subordination, Consent and Waiver and any
other needed documents, and the Town Supervisor, Deputy Town Supervisor and/or Town Counsel to
take such other and further action as may be necessary to effectuate the terms of this Resolution.
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Duly adopted this 16 day of March, 2009, by the following vote:
AYES : Mr. Montesi, Mr. Strough, Mr. Brewer
NOES : None
ABSENT: Mr. Stec, Mr. Metivier