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217.2010 Occup. funds Rec. RESOLUTION AUTHORIZING USE OF OCCUPANCY FUNDS TOWARD PARK IMPROVEMENTS AT HOVEY POND PARK RESOLUTION NO.: 217, 2010 INTRODUCED BY: Mr. Anthony Metivier WHO MOVED ITS ADOPTION SECONDED BY: Mr. Tim Brewer WHEREAS, the Queensbury Town Board previously established the Hovey Pond Park Improvement Capital Project Fund #146, and WHEREAS, by prior Resolution and Agreement the Town Board provided in the 2010 Town Budget 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 accordingly authorize provision of such funds, in the amount of $17,000, to be used toward reimbursing the Hovey Pond Park Improvement Capital Project Fund #146 for expenditures related to improvements at Hovey Pond Park as follows: 1.New park benches and picnic tables; 2.Historical signage; 3.Granite curbing around the Veteran’s Monument; 4.New or replacement trees; 5.Masonry border along the south side of the gardens; and 6.Additional park signage; as Hovey Pond benefits not only Town of Queensbury residents, but also the general public, thereby serving as an economic boon to the Town of Queensbury and entire area, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby approves and authorizes the expenditure of funds in the amount of $17,000 to the Hovey Pond Park Improvement Capital Project Fund #146 as delineated in the preambles of this Resolution, such funds to be from Warren County occupancy tax revenues received by the Town and to be paid for from Account No.: 050-6410-4412, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor, Budget Officer and/or Director of Parks and Recreation to take such other and further action as may be necessary to effectuate the terms of this Resolution. th Duly adopted this 7 day of June, 2010, by the following vote: AYES : Mr. Stec, Mr. Metivier, Mr. Montesi, Mr. Strough, Mr. Brewer NOES : None ABSENT: None 2