212.2011 Transfer funds Hudson Pte Reserve Fun
RESOLUTION AUTHORIZING TRANSFER OF $5,700 FROM HUDSON
POINTE CAPITAL RESERVE FUND #145 TO GURNEY LANE
RECREATION AREA CAPITAL RESERVE FUND #157
RESOLUTION NO.: 212, 2011
INTRODUCED BY: Mr. John Strough
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Anthony Metivier
WHEREAS, the Queensbury Town Board previously established a Capital Reserve Fund
to finance specific capital improvements and items of equipment to improve the Gurney Lane
Recreation Area (Gurney Lane Capital Reserve Fund #157), subject to permissive referendum,
and
WHEREAS, the Town Board also previously established a Capital Reserve Fund to
finance specific capital improvements and items of equipment for the Hudson Pointe Nature
Preserve Expansion and Improvement Project (Hudson Pointe Capital Reserve Fund #145), and
WHEREAS, the Director of Parks and Recreation has determined that the Gurney Lane
Capital Reserve Fund #157 needs $5,700 to be able to complete its project, and
WHEREAS, the Director of Parks and Recreation has determined that there are funds in
the Hudson Pointe Capital Reserve Fund #145 in excess of those needed to complete the Project
and totaling at least $15,700 more than needed, and
WHEREAS, the Town Board wishes to transfer $5,700 in excess funds from the Hudson
Pointe Capital Reserve Fund #145 to the Gurney Lane Recreation Capital Reserve Fund #157,
and
WHEREAS, in accordance with General Municipal Law §6-c(9), the Town Board may
authorize the transfer of part of the unexpended balance of a capital reserve fund to another
capital reserve fund,
NOW, THEREFORE, BE IT
RESOLVED, that in accordance with New York State General Municipal Law §6-c, as
amended, the Queensbury Town Board hereby authorizes the transfer of $5,700 from the Hudson
Pointe Capital Reserve Fund #145 to the Gurney Lane Capital Reserve Fund #157, and
BE IT FURTHER,
RESOLVED, that this Resolution is subject to permissive referendum as provided by
General Municipal Law §6-c and Town Law Article 7, and shall not take effect until such time as
provided therein and the Town Clerk is hereby authorized and directed to post and publish the
notice required for Resolutions subject to permissive referendum.
th
Duly adopted this 20 day of June, 2011 by the following vote:
AYES : Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Metivier, Mr. Montesi
NOES : None
ABSENT:None
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