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FINANCIAL\2012\Capital Reserve—hicrease in Gurney Lane Project#157&WithdraNval From Fiord-614-12
RESOLUTION AUTHORIZING INCREASE IN GURNEY LANE
RECREATION AREA IMPROVEMENT PROJECT #157 AND
WITHDRAWAL FROM CAPITAL RESERVE FUND #61
RESOLUTION NO.: ,2012
INTRODUCED BY:
WHO MOVED ITS ADOPTION
SECONDED BY:
WHEREAS, the Queensbury Town Board previously established a Capital Reserve Fund
known as the Recreation Reserve Fund No. 61 for future capital projects, and
WHEREAS, the Town Board wishes to withdraw and expend moneys from such reserve
account in the amount of$15,000 for specific capital improvements and certain maintenance projects
for the Gurney Lane Recreation Area as set forth in the Town Recreation Commission's May 24h,
2012 Memorandum presented at this meeting and as follows:
• New picnic tables $ 1,500
• Front doors replaced $ 5,500
• Additional windows& doors replaced $ 3,000
• Diving board replacement $ 3,000
• Stonescaping(replacing existing stone wall) $ 2,000
TOTAL: $15,000
and
WHEREAS, in accordance with New York State General Municipal Law §6(c), the Town
Board is authorized to withdraw and expend funds from Fund#61 subject to permissive referendum,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes the capital improvements
listed in the preambles of this Resolution at the Gurney Lane Recreation Area and authorizes
expenditures in the total amount of$15,000 for such work, and
BE IT FURTHER,
RESOLVED, that the Town Board hereby authorizes a transfer from Fund No.: 61 in the
amount of $15,000 to fund such Project, such funds to be placed into the Recreation Area
Improvement Project Fund #157 and the Town Board further directs that in the event there are funds
remaining in such Fund #157 after completion of the Project or in the event that the Project is not
undertaken, the moneys in Fund#157 shall be returned to the Recreation Reserve, and
BE IT FURTHER,
RESOLVED, that the Town Board hereby increases appropriations in Expense Account
No.'s: 157-7110-2899 — Capital Construction and 001-9950-9030-0061 - Transfer to Capital
Project in the amount of$15,000 and estimated revenues in Account No.: 157-0000-55031 in the
amount of$15,000, and
BE IT FURTHER,
RESOLVED, that the Town Board hereby finds that the withdrawal and expenditure for the
Gurney Lane Recreation Area Improvement Project is an expenditure for a specific capital project and
items of equipment for which the reserve account was established, and
BE IT FURTHER,
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RESOLVED, that the Town Board further authorizes and directs the Town Supervisor, Parks
&Recreation Director and/or Town Budget Officer to take all actions necessary to effectuate the terms
of this Resolution, and
BE IT FURTHER,
RESOLVED, that this Resolution is subject to a permissive referendum in accordance with the
provisions of Town Law Article 7 and the Town Board hereby authorizes and directs the Town Clerk
to publish and post such notices and take such other actions as may be required by law.
Duly adopted this 4h day of June, 2012 by the following vote:
AYES
NOES
ABSENT
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