4.12 4.12
Property Purchases or AcquisitionsTroperty Purchase From Halcyon Properties—Bay Road—5-6-2024
RESOLUTION AUTHORIZING PURCHASE OF PROPERTY OWNED BY
HALCYON PROPERTIES, INC. LOCATED ON BAY ROAD
RESOLUTION NO.: ,2024
INTRODUCED BY:
WHO MOVED FOR ITS ADOPTION
SECONDED BY:
WHEREAS, Halcyon Properties, Inc. owns property located on Bay Road in the Town of
Queensbury and identified as Tax Map Parcel 4 289.15-1-49 (the "Property"), and
WHEREAS, Halcyon Properties, Inc. would like to sell the Property to the Town, and
WHEREAS, the Town Board would like to purchase the Property, and
WHEREAS, the Town desires to enter into a contract for the purchase of the Property,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board authorizes purchase of the Property for
$50,000 which is at or below market value based upon an appraisal dated March 8, 2024, plus the
Town incurring all ordinary and necessary closing costs associated with such purchase including but
not limited to the payment of recording costs and title insurance premiums and charges, as well as
any surveying and application costs, and
BE IT FURTHER,
RESOLVED, that the contract for the purchase of the Property shall be in a form acceptable
to the Town Supervisor and Town Counsel, and
BE IT FURTHER,
RESOLVED, that all of the acts taken and decisions made on behalf of the Town relating to
the matters described above to the date hereof by the Town Supervisor, Town Board and Town
Counsel are hereby ratified and approved, and
BE IT FURTHER,
RESOLVED, that the Town Board hereby authorizes the Town Supervisor, Town Clerk,
Town Budget Officer and/or Town Counsel to take any and all actions necessary to effectuate
purchase of the Property, including but not limited to the Supervisor executing an appropriate
contract consistent with this Resolution, arranging for the payment of the contract deposit and
signing any necessary closing documents, real property forms and title insurance forms.
Duly adopted this 6t'day of May, 2024,by the following vote:
AYES
NOES
ABSENT: