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377.2009 RESOLUTION AUTHORIZING AGREEMENT BETWEEN TOWN OF QUEENSBURY AND GREAT ESCAPE THEME PARK LP RESOLUTION NO.: 377, 2009 INTRODUCED BY: Mr. John Strough WHO MOVED ITS ADOPTION SECONDED BY: Mr. Anthony Metivier WHEREAS, the Town of Queensbury has received a request for funding from the Great Escape Theme Park LP to assist in funding its first “Holiday in the Park” to be held in the Town of thst Queensbury from November 20 through December 31, 2009, and WHEREAS, such event is expected to draw thousands of people to the Town of Queensbury and its surrounding area’s hotels and motels, restaurants, stores and other businesses, thereby benefiting the general economy of the Town and all of Warren County, and WHEREAS, by prior Resolution the Town Board provided for the Town’s receipt of occupancy tax revenues from Warren County in accordance with the Local Tourism Promotion and Convention Development Agreement (Agreement) entered into between the Town and Warren County, and WHEREAS, the Agreement provides that specific expenditure of the funds provided under the Agreement are subject to further Resolution of the Queensbury Town Board, and WHEREAS, the Town Board wishes to provide funding to the Great Escape Theme Park LP in the amount of $25,000 with occupancy tax revenues received from Warren County, and WHEREAS, a proposed Agreement between the Town and the Great Escape Theme Park LP has been presented at this meeting, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby approves and authorizes funding to the Great Escape Theme Park LP to assist in funding its “Holiday in the Park” to be held at The Great thst Escape in the Town of Queensbury from November 20 through December 31, 2009 and the Agreement between the Town and the Great Escape Theme Park LP substantially in the form presented at this meeting, contingent upon the Great Escape Theme Park LP: 1.providing the Town with a detailed description of how the funds will be used, as well as statistical information describing how the Town’s financial investment impacted the program’s success, including attendance figures, demographics, etc., and 2.promoting the Town of Queensbury in whatever media in which they spend the Town’s contribution including, but not limited to, the Town’s logo being incorporated into written advertising materials, brochures, radio and/or television ads, etc., and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to execute the Agreement, with such funding not exceeding the sum of $25,000 and to be provided by occupancy tax revenues the Town receives from Warren County, to be paid for from Account No.: 050-6410-4412, and BE IT FURTHER, RESOLVED, that such Agreement is expressly contingent upon the Town Budget Officer confirming that the Town has unallocated occupancy tax funds available from Warren County. th Duly adopted this 7 day of December, 2009, by the following vote: AYES : Mr. Metivier, Mr. Montesi, Mr. Strough, Mr. Brewer, Mr. Stec NOES : None ABSENT: None