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160.2022 Authorizing Agreement with Underdog Race Timing for Gurney Ln Snowshoe and Fat Tire Day RESOLUTION AUTHORIZING AGREEMENT WITH UNDERDOG RACE TIMING FOR GURNEY LANE SNOWSHOE AND FAT TIRE DAY RESOLUTION NO.: 160,2022 INTRODUCED BY: Mr. George Ferone WHO MOVED ITS ADOPTION SECONDED BY: Mr. Harrison Freer WHEREAS, by Resolution No.: 484,2007, 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 Town Board, and WHEREAS, Underdog Race Timing organized its "Gurney Lane Fat Tire Bike Day and Snow Shoe Races" at the Gurney Lane Park in the Town of Queensbury, thereby helping to promote recreational opportunities in the community, attracting many persons to the Queensbury area and providing an economic boon to the community, and WHEREAS, the Town Board wishes to provide funding to the Underdog Race Timing in the amount of$1,500 with occupancy tax revenues received from Warren County and accordingly enter into an agreement with the Underdog Race Timing for the year 2022 for the promotion of recreational activities and events to Town residents, and WHEREAS, a proposed Agreement has been presented at this meeting, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby approves and authorizes the Local Tourism Promotion and Convention Development Agreement between the Town and Underdog Race Timing, substantially in the form presented at this meeting and authorizes and directs the Town Supervisor to execute the Agreement, with funding not to exceed $1,500 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 the Town Board authorizes and directs the Town Budget Officer to take all actions necessary to amend the Town Budget and increase appropriations and revenues as necessary as follows: • Revenue Acct No. — 050-0000-51113 Occupancy Tax Revenue $1,500; • Expense Acct.No. —050-6410-4412 Use of Occupancy Tax $1,500; and BE IT FURTHER, RESOLVED, that such Agreement is expressly contingent upon confirmation by the Town that unallocated occupancy tax funds are available from Warren County. Duly adopted this 18t'day of April, 2022,by the following vote: AYES Mr. Metivier, Mr. Freer, Mr. Ferone, Mr. McNulty, Mr. Strough NOES None ABSENT: None