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216.2024 Authorizing Agreement Between TOQ and West Mountain RESOLUTION AUTHORIZING AGREEMENT BETWEEN TOWN OF QUEENSBURY AND WEST MOUNTAIN RESOLUTION NO.: 216, 2024 INTRODUCED BY: Mr. Michael Dixon WHO MOVED ITS ADOPTION SECONDED BY: Mr. Anthony Metivier 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, the Town Board wishes to provide funding to West Mountain in an amount not to exceed $5,000 with occupancy tax revenues received from Warren County and accordingly enter into a 2024 Agreement with West Mountain toward the hosting of various events, tournaments and races at West Mountain, which events are expected to draw thousands of people from outside the region to the Town and the surrounding area's hotels and motels, restaurants, stores and other businesses,thereby providing an economic boon to the community, and WHEREAS, a proposed Agreement has been presented at this meeting, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby authorizes the 2024 Agreement between the Town and the West Mountain School and authorizes and directs the Town Supervisor to execute the Agreement in substantially in the form presented at this meeting, with funding for the Agreement not to exceed $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 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 $5,000; • Expense Acct. No. —050-6410-4412 Use of Occupancy Tax $5,000; and BE IT FURTHER, RESOLVED, that such Agreement is expressly contingent upon the Town Budget Officer confirming that the Town has unallocated occupancy tax funds available from Warren County. Duly adopted this 3rd day of June, 2024,by the following vote: AYES Mr. Freer, Mr. Dixon, Mr. McNulty, Mr. Strough, Mr. Metivier NOES None ABSENT: None