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098.2010 traffic signal agreement RESOLUTION AUTHORIZING TRAFFIC SIGNAL AGREEMENT BETWEEN TOWN OF QUEENSBURY AND WAL-MART REAL ESTATE BUSINESS TRUST RESOLUTION NO.: 98, 2010 INTRODUCED BY: Mr. Tim Brewer SECONDED BY: Mr. John Strough WHEREAS, the Town of Queensbury Planning Board approved Wal-Mart’s plan for the development of a parcel of land on Quaker Road and such approval included installation of a new traffic signal device to be installed at the intersection of Quaker Road and Quaker Ridge Boulevard, and WHEREAS, Wal-Mart has agreed to construct and install the Traffic Signal and maintain it for its first year of operation at its sole cost and expense, and WHEREAS, upon Wal-Mart’s completion of the installation, the Town Board wishes to accept dedication of the Traffic Signal with the Town to be responsible for the Traffic Signal’s ongoing maintenance and repair after such one year period, and WHEREAS, a proposed Traffic Signal Agreement between the Town and Wal-Mart Real Estate Business Trust has been presented at this meeting, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby authorizes the Traffic Signal Agreement between Wal-Mart Real Estate Business Trust and the Town of Queensbury substantially in the form presented at this meeting concerning the Traffic Signal to be constructed and installed at the intersection of Quaker Road and Quaker Ridge Boulevard, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to execute such Agreement and the Town Supervisor, Town Highway Superintendent and Town Counsel to take any other actions necessary to effectuate the terms of this Resolution. st Duly adopted this 1 day of February, 2010 by the following vote: AYES: Mr. Stec, Mr. Metivier, Mr. Strough, Mr. Brewer NOES: None ABSENT: Mr. Montesi