234.2011 Captial Reserve Fund 64
RESOLUTION AUTHORIZING EXPENDITURE FROM
CAPITAL RESERVE FUND NO. 64
RESOLUTION NO.: 234, 2011
INTRODUCED BY: Mr. Anthony Metivier
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Tim Brewer
WHEREAS, the roof on Queensbury Town Hall needs to be replaced at an estimated cost
of $350,000, and
WHEREAS, the Town established Capital Reserve Fund No.: 64 for this type of capital
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improvement by Resolution No.: 322 ,2001 dated August 8, 2001, and
WHEREAS, in accordance with New York State General Municipal Law §6-c(8),
expenditure from this fund shall be made only by authorization of the Town Board, and
WHEREAS, expenditure from Capital Reserve Fund No.: 64 is subject to permissive
referendum pursuant to General Municipal Law §6-c(8),
NOW, THEREFORE, BE IT
RESOLVED, that in accordance with New York State General Municipal Law §6-c(8),
the Queensbury Town Board hereby authorizes expenditure of $350,000 of the funds held in
Capital Reserve Fund No.: 64 for the specific capital improvement described above, and
BE IT FURTHER,
RESOLVED, that this Resolution is subject to permissive referendum in accordance with
General Municipal Law §6-c(8) and shall not take effect until such time as provided, and the
Town Clerk is hereby authorized and directed to post and publish the notice required for
Resolutions subject to permissive referendum.
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Duly adopted this 25 day of July, 2011, by the following vote:
AYES: Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Metivier, Mr. Montesi
NOES: None
ABSENT:None