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2.09 2.9 FINANCIAL\2014\Close Capital Project 158—Riverside Park Project-9-8-14 RESOLUTION AUTHORIZING CLOSURE OF RIVERSIDE PARK CAPITAL PROJECT FUND #158 RESOLUTION NO.: , 2014 INTRODUCED BY: WHO MOVED ITS ADOPTION SECONDED BY: WHEREAS, in accordance with Resolution No.: 160,2006, the Queensbury Town Board established the Riverside Park Capital Project Fund #158 which Fund established funding for expenses associated with capital improvements for the Riverside Park Recreation Area Expansion and Improvement Project specifically, the construction of public trails as part of the Town's Agreement with the Open Space Institute, and WHEREAS, the Town's Parks and Recreation Director has advised that the Agreement with the Open Space Institute has expired and since there is no longer an agreement in place to provide public recreation trails at Riverside Park, the Director and Town Recreation Commission would like to close Fund #158 and transfer its remaining balance to the Town's Rush Pond Way Capital Project Fund #166, and WHEREAS, the Town's accounting records show that there is approximately $57,500 remaining in Fund #158, and WHEREAS, the Town Board wishes to close such Fund #158 and transfer its remaining balance to the Town's Capital Project Fund #166, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby authorizes and directs the Town Budget Officer to close the Riverside Park Capital Project Fund #158 and transfer its remaining $57,500 to the Town's Rush Pond Way Capital Project Fund #166, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor, Town Budget Officer, Accountant and Parks and Recreation Director to take such other and further action as may be necessary to effectuate all terms of this Resolution. Duly adopted this 8th day of September, 2014, by the following vote: AYES NOES ABSENT: