311.2009
RESOLUTION AUTHORIZING RELEASE OF ESCROW FUNDS
IN CONNECTION WITH DEDICATION OF BERRY PATCH DRIVE,
BLUEBERRY TERRACE AND FARMINGTON PLACE IN
FARMINGTON GROVE SUBDIVISION
RESOLUTION NO 311, 2009
INTRODUCED BY: Mr. Ronald Montesi WHO MOVED FOR ITS ADOPTION
SECONDED BY: Mr. Anthony Metivier
WHEREAS, by Resolution No.: 516.2003 the Queensbury Town Board authorized the
dedication of the continuation of Berry Patch Drive, Blueberry Terrace and Farmington Place in the
Farmington Grove Subdivision, such acceptance conditioned on the Town’s receipt of $35,000 cash
escrow from T & B Associates, LLC (Developers), and
WHEREAS, the Developers provided the Town with the required $35,000 and entered into an
Escrow Agreement with the Town, and
WHEREAS, as required by the Escrow Agreement, the Town deposited the $35,000 in an
interest bearing account, and
WHEREAS, the Town’s Highway Superintendent has advised the Town Board that the
Developers have completed, to the Highway Superintendent’s satisfaction, the top coat of the roads and
has requested that the monies held by the Town be released, and
WHEREAS, the Town Board wishes to therefore authorize the refund of funds currently held in
escrow to the Developers as required by the Escrow Agreement,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes the return of escrow funds to
to T & B Associates, LLC in connection with the dedication of the continuation of Berry Patch Drive,
Blueberry Terrace and Farmington Place in the Farmington Grove Subdivision, which sum shall be
the amount of $35,000 plus any earned interest, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Budget Officer to
take such other and further action necessary to effectuate the terms of this Resolution.
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Duly adopted this 5 day of October, 2009, by the following vote:
AYES : Mr. Strough, Mr. Brewer, Mr.Stec, Mr. Metivier, Mr. Montesi
NOES : None
ABSENT: None