2.4 2.4
AGREEMENTS\Adirondack Race Management—OCCUPANCY TAX FUNDS—LG Triathlon—4-2-12
RESOLUTION AUTHORIZING AGREEMENT BETWEEN TOWN OF
QUEENSBURY AND ADIRONDACK RACE MANAGEMENT
RESOLUTION NO.: ,2012
INTRODUCED BY:
WHO MOVED ITS ADOPTION
SECONDED BY:
WHEREAS, the Town of Queensbury has received a request for occupancy tax funding from
Adirondack Race Management regarding the Lake George Triathlon Festival to be held on September
1St and 2nd, 2012 in the Towns of Lake George and Queensbury, and
WHEREAS, such event is expected to draw approximately 1,500 participants and at least
4,000 supporters to the Towns of Lake George, Queensbury and the surrounding area's hotels and
motels, restaurants, stores and other businesses, thereby benefiting the general economy of the Town
and all of Warren County, and
WHEREAS, by prior Resolution, the Queensbury Town Board provided 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 provide funding to Adirondack Race Management in
the amount of$5,000 with occupancy tax revenues received from Warren County, and
WHEREAS, a proposed Agreement between the Town and Adirondack Race Management
has been presented at this meeting,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby approves and authorizes funding to
Adirondack Race Management regarding its Lake George Triathlon Festival and authorizes the
Agreement between the Town and Adirondack Race Management substantially in the form presented
at this meeting, and authorizes and directs the Town Supervisor to execute the Agreement, with
funding not to exceed the sum of$5,000 and to be provided by occupancy tax revenues the Town
receives from Warren County, to be paid for from Account No.: 050-6410-4412, and
BE IT FURTHER,
RESOLVED, that such Agreement is contingent upon the Town Budget Officer confirming
that the Town has unallocated occupancy tax funds available from Warren County.
Duly adopted this 2nd day of April, 2012, by the following vote:
AYES
NOES
ABSENT: