338.2011 Beekman, Bogart, Pollazzo Court
RESOLUTION AUTHORIZING RELEASE OF ESCROW FUNDS
TO AMEDORE LAND DEVELOPERS, LLC IN CONNECTION WITH
DEDICATION OF BEEKMAN PLACE, BOGART COURT AND POLLAZZO
COURT IN HAVILAND ROAD SUBDIVISION
RESOLUTION NO.: 338, 2011
INTRODUCED BY: Mr. John Strough
WHO MOVED FOR ITS ADOPTION
SECONDED BY: Mr. Anthony Metivier
WHEREAS, by Resolution No.: 280,2007 the Queensbury Town Board authorized the
dedication of Beekman Place, Bogart Court and Pollazzo Court (roads) in the Haviland Road
Subdivision and at the time of dedication, Amedore Land Developers, LLC provided the Town with a
$46,000 cash escrow to ensure completion of the roads, such sum to be held in escrow in accordance
with the terms of an Escrow Agreement, and
WHEREAS, as required by the Escrow Agreement, the Town deposited the $46,000 in an
interest bearing account, and
WHEREAS, the Town’s Highway Superintendent has advised the Town Board that the roads
have been completed to the Highway Superintendent’s satisfaction in accordance with the Escrow
Agreement, and therefore has requested that the monies held by the Town be released, and
WHEREAS, the Town Board wishes to therefore authorize the refund of funds currently held
in escrow to the Developer as required by the Escrow Agreement,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes the return of escrow funds
to Amedore Land Developers, LLC in connection with the dedication of Beekman Place, Bogart
Court and Pollazzo Court (roads) in the Haviland Road Subdivision, which sum shall be the amount
of $46,000 plus any earned interest, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Budget Officer to
take such other and further action necessary to effectuate the terms of this Resolution.
st
Duly adopted this 21 day of November, 2011, by the following vote:
AYES: Mr. Brewer, Mr. Stec, Mr. Metivier, Mr. Montesi, Mr. Strough
NOES: None
ABSENT: None