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319.2012 High Repairs Fund 194 RESOLUTION AUTHORIZING ESTABLISHMENT OF HIGHWAY GARAGE REPAIRS CAPITAL PROJECT FUND #194 RESOLUTION NO.: 319, 2012 INTRODUCED BY: Mr. John Strough WHO MOVED ITS ADOPTION SECONDED BY: Mr. Ronald Montesi WHEREAS, the Queensbury Town Board previously established a Capital Reserve Fund known as the Highway Garage Repairs Reserve Fund No. 62 for future capital projects, 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.: 62 is subject to permissive referendum in accordance with General Municipal Law §6-c(8), and WHEREAS, the Town of Queensbury's Facilities Manager has recommended certain steel/concrete/structural repairs and break/locker room renovations at the Town's Highway Garage (Project) as were set forth in specifications set forth in vendor quotes provided by the Town's Facilities Manager, Town Engineer and/or Town Purchasing Agent, and WHEREAS, such proposed Project is anticipated to cost approximately $20,000, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby authorizes and directs the establishment of the Highway Building Repairs Capital Project and establishment of a Capital Project Fund to be known as the Highway Building Repairs Capital Project Fund 9194 which will establish funding for expenses associated with this Project, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs that funding for such Capital Project shall be by a transfer from the Town of Queensbury Highway Garage Capital Reserve Fund 462 in the amount of $20,000 to transfer to Highway Building Repairs Capital Project Fund#194, and BE IT FURTHER, RESOLVED, that the Town Board hereby finds that the withdrawal and expenditure for such Project is an expenditure for a specific capital project for which the Reserve Account was established, and BE IT FURTHER, RESOLVED that the Queensbury Town Board further authorizes and directs the Town Budget Officer to take all action necessary to establish the following accounts for such appropriations and revenues as necessary: • Revenue Acct No. — 194-0000-55031 (Interfund Revenue) $20,000; and • Expense Acct No. — 194-1620-2899 (Capital Construction) $20,000; • Increase Appr 001-9950-9030-0062 Transfer to Cap Project $20,000; and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Budget Officer to amend the 2012 Town Budget, make any adjustments, budget amendments, transfers or prepare any documentation necessary to establish such appropriations and estimated revenues, 2 and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor, Facilities Manager, Purchasing Agent and/or Town Budget Officer to take any and all action necessary to effectuate all 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 5th day of November, 2012, by the following vote: AYES : Mr. Strough, Mr. Stec, Mr. Metivier, Mr. Montesi NOES None ABSENT : Mr. Brewer 3