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3.04 3.4 FINANCIAL\201 4\PURCHASE—Wheel Loader for Highway- State Contract -8-18 RESOLUTION AUTHORIZING PURCHASE OF 2014 CATERPILLARWHEEL LOADER FOR USE BY TOWN HIGHWAY DEPARTMENT RESOLUTION NO.: ,2014 INTRODUCED BY: WHO MOVED ITS ADOPTION SECONDED BY: WHEREAS, the Town of Queensbury's Highway Superintendent has requested Town Board approval to purchase a 2014 Caterpillar 938K Wheel Loader with options, and trade-in the Department's 1998 Hyundai HL760 (Town Asset No.: 3624), and WHEREAS, there are sufficient funds in the Town Budget for such proposed purchase, and WHEREAS,New York State Bidding is not required as the purchase is under New York State Contract No.: 40603, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby approves of the Town Highway Superintendent's purchase of a 2014 Caterpillar 938K Wheel Loader with options for the amount of $125,522 ($142,522 purchase price, minus $17,500 for the Town's trade-in of 1998 Hyundai HL760) from Milton CAT in accordance with New York State Contract # 40603 to be paid from Heavy Equipment Account No.: 04-5130-2040, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs that funding for such purchase shall be by transfer of $125,522 from the Town's Capital Reserve Fund #64 to Heavy Equipment Account No.: 04-5130-2040 and the Town Budget Officer shall amend the 2014 Town Budget, make any adjustments, budget amendments, transfers or prepare any documentation necessary to effectuate payment, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor, Highway Superintendent and/or Budget Officer to take such other and further action as may be 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 18'h day of August, 2014, by the following vote: AYES NOES ABSENT: